1. Store CRW
Now that you have a Crown wallet, you can start storing bought, traded or staked CRW tokens. CRW purchased through a cryptocurrency exchange must be withdrawn to your Crown wallet to ensure secure storage. If you want to run a Systemnode or Masternode to start earning CRW through block rewards and minting, your wallet will connect with your Crown server through a remote, automatically storing the CRW in your wallet that you earn for immediate use.
Crown Wallet Encryption
You can encrypt your wallet by creating a passphrase. This effectively locks your wallet to prevent any of your tokens from being spent without your permission. This means that even if a hostile party gains access to your device, they won’t be able to spend your CRW without knowing your unique passphrase. This precautionary step is even more essential if you’re running a Crown wallet on a mobile device or a computer that isn’t 100% private.
Backing up your Crown wallet will ensure that you can access its stored tokens in the event of a critical device failure or a hack. We recommend saving backups of your Crown wallet on multiple external drives to guarantee a successful recovery.