🪙 What Is Lace Wallet?

ecapil

— 2 min read

Lace Wallet is a non-custodial Web3 crypto wallet built mainly for the Cardano blockchain ecosystem. It lets you send, receive, store, stake ADA (Cardano’s native token), manage NFTs, and connect to decentralized applications (dApps) — all in a secure, lightweight interface. Lace was developed by Input Output Global (IO), one of the core teams behind Cardano.

Originally designed as a Cardano wallet, Lace is now going multichain, starting with Bitcoin support, allowing users to manage BTC alongside Cardano assets in one place.

🔐 Key Features of Lace Wallet

🧠 Non-custodial Wallet

  • You fully control your private keys and recovery phrase — Lace does not hold your funds for you.

🌐 Native Cardano Support

  • Manage ADA and all native Cardano tokens.
  • Store, view, and send Cardano NFTs with built-in support.

📈 Staking Support

  • Stake your ADA directly within Lace and earn rewards from Cardano’s proof-of-stake network.

🔌 dApp Connectivity

  • Connect to Cardano decentralized apps for DeFi, NFT marketplaces, and more.

🔗 Multichain Expansion

  • Lace now supports Bitcoin and will continue expanding to other chains to give you more flexibility.

🧰 Hardware Wallet Support

  • You can connect safe hardware wallets like Ledger or Trezor for adding an extra layer of security.

📥 How to Install Lace Wallet Extension

Lace Wallet is available as a browser extension that works on most popular browsers.

🪟 Supported Browsers

  • Chrome
  • Brave
  • Edge
  • Firefox

👣 Simple Installation Steps

  1. Visit the official Lace website (usually lace.io).
  2. Click Download or Add to Browser.
  3. Install the extension from your browser’s extension store.
  4. Pin the extension for easy access.
⚠️ Important: Always make sure you install Lace from the official site or verified store listing to avoid spoof or scam extensions.

🆕 Setting Up Your Lace Wallet

Once the extension installs successfully:

📍 Create a New Wallet

  1. Open the Lace Wallet extension
  2. Click Create
  3. Accept the Terms of Use
  4. Enter a wallet name
  5. Choose a strong password
  6. Write down your 24-word recovery phrase — this is crucial for restoring your wallet if you lose access.

Never share your recovery phrase with anyone. It is the only way to recover your funds if you lose access to your device.

🔄 Restoring an Existing Wallet

If you already have a Lace wallet or are moving from another Cardano wallet:

  1. Open Lace Wallet extension
  2. Select Restore
  3. Enter your 24-word seed/recovery phrase
  4. Create a new password
  5. Access your existing wallet balances and activity

Because the wallet is non-custodial, restoring via the recovery phrase is the normal way to log back in — there’s no traditional “login” with email/password.

🔓 Locking & Unlocking Your Wallet

Once you are set up:

  • Unlock: Open Lace and enter your password to access your assets.
  • Lock: Use the lock option in the menu when you’re done — this helps protect your wallet when you’re away from your device.

📊 Using Lace Wallet

🪙 Sending & Receiving

  • You can send and receive ADA, native tokens, and soon supported multichain assets (e.g., BTC).

🤝 Staking ADA

  • Lace includes simplified ADA staking, so you can delegate to stake pools and earn rewards.

🖼️ Manage NFTs

  • Explore your NFT collection natively — view image previews, manage assets, and send between wallets.

🔗 Connect to dApps

  • Lace has a built-in DApp connector that lets you interact with decentralized finance protocols, NFT marketplaces, and more without leaving your wallet.

🛡️ Security & Best Practices

  • Self-custody: Because Lace is non-custodial, you control the keys — no one else can access your funds.
  • Keep your recovery phrase offline: Do not store it on a phone or computer that’s connected to the internet.
  • Be cautious with connections: Only connect to trusted dApps and official Cardano services.

🧠 Why Choose Lace Wallet?

Lace stands out because it combines:

✅ A clean, user-friendly web wallet experience
✅ Native support for the Cardano ecosystem
✅ Easy staking and NFT management
✅ Hardware wallet support for extra security
✅ Expanding multichain support (starting with Bitcoin)

This makes it an appealing choice whether you’re new to crypto or an experienced Web3 user.

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