Section 10: Wallet Management
Goal: Deposit, withdraw, import, manage, or create wallets.
Overview
Your main wallet is used to log into your RAX account. Once authenticated, you can create, connect, or disconnect additional wallets as needed.
To view or manage your wallets, navigate to Settings → Wallet Management.
In the Wallet Management section, users can perform two primary actions:
- Create New Wallets: When creating a new wallet, ensure that your seed phrase is securely stored in an offline or encrypted location. This seed phrase is required for recovery and cannot be retrieved by RAX.
- Import Existing Wallets: Existing wallets can be imported into RAX using their seed phrases, allowing seamless integration with your trading and management environment.
Benefits of Multiple Wallets
Creating multiple wallets allows users to segment funds by trading strategy, portfolio type, or use case.
For instance, your main wallet may be used to execute a single trading strategy, while a secondary wallet may hold long-term positions or manage liquidity operations.
This segmentation improves tracking accuracy and provides clearer insight into the performance of each strategy.
Deposit Options
RAX supports two primary deposit methods:
- Direct Transfer: Transfer SOL or USDC–SOL directly from an external wallet.
- Purchase with Fiat: Buy SOL using MoonPay integration for direct credit/debit card purchases.
Withdrawal Process
To withdraw funds from RAX, follow these steps:
- Convert your holdings to SOL (if they are not already).
- Enter the destination wallet address.
- Click Send to confirm the transaction.
Note: All withdrawals from RAX must be made in SOL format.