Set Up An Achain Wallet
First of all, you are going to need a wallet. Head over the official website of Achain and you will find the downloads for desktop wallet and a mobile wallet.
Download the zip file named Achain Wallet. Unzip the file and click the shortcut with Achain icon.
Create A Password
You need to create a new password when you first use the wallet, at least 8 characters, preferably mixing digits, letters, and other symbols so it cannot be cracked by brute-force – avoid names, dates, cities.
You can access you accounts after password set up. The password will stay the same even if the wallet upgraded to new version, however, if delete the local data on your computer, then you should reset it. We suggest you keep a record of your password and keep it safe and offline. Once you’ve entered it twice, press ‘Create new wallet’.
Each account inside the Achain wallet supports different types of contract assets that have been released through Achain platforms, such as ACT, SMC, and LEC. The Achain Wallet can be used anywhere as long as you have the private key and import it a wallet on a computer
Create An ACT Account
There are two ways to add accounts to the Achain wallet, one is to create a new one directly, the other is importing private key and adding it to an existing account.
Backup Private Keys
It is very important that you backup your wallet and store the private keys in a secure location – think multiple locations, such as USB, hard copies etc. Select the account you wish to back up on the homepage. Click ‘export’ button, select a folder, name the Gkey file and export.
How To Buy Achain (ACT)
If you are looking to buy Achain, we would suggest utilizing a leading trading platform such as HitBTC. Users do leave their tokens on trading platforms, however, you must consider and consider the risks in doing so. Large exchanges are at risk of being hacked, so you must take account security seriously. I would not recommend leaving you Achain tokens on the HitBTC exchange, rather transfer them to your personal secure wallet (see above).
Sign Up For HitBTC
To create a new account, go to the home page of the site, Then click the ‘Register’ button in the upper right corner. By clicking this link, you will be taken to the registration page, where you should fill out the required fields.
Make sure you enter your valid email address in the ‘Email’ field. Your email is your unique identifier on. Once you used to create an account, it is not possible to change it.
Set up a password inside the ‘Password’ field. Please note that passwords must be robust, composed of more than 8 characters with uppercase, lowercase and numeric characters. After filling all fields hit ‘Register’.
Your new account needs to get activated (this is necessary to confirm that the e-mail address you have provided really belongs to you). Please check your email – there’s the message from us. This message is sent right after registration, so if you do not receive it within 5 minutes, please check your junk mail folder.
Within the email, you can find a link to activate the account. Just proceed to it by clicking on the link or copy it to the address bar of your browser.
After that, you will be taken to the HitBTC trading terminal. Your account is now active.
How To Secure Your HitBTC Account
Enabling 2-factor authentication is an important basic security feature. To set up 2FA on your here, you will need to open the ‘Settings’ page in the upper right corner of the website and switch to the ‘Security’ tab.
HitBTC will also offer you other features in security control dashboard – use them and keep your account safe.
- E-mail notifications about new IP logins: If the account is being logged in from a new IP, an email notification is sent. If you get one, take immediate action.
- Terminating all your sessions: That is a way to kick potential intruders out from your account. All active sessions, except yours, will be ended. To make it happen, go to the ‘Settings’ page and select the ‘Security’ tab and click on “Terminate all sessions” button.
- Automatic logout: To enable Automatic log out, go to your ‘Settings’ page. Then select the ‘Security’ tab and click on the drop-down menu pick the time that suits you.
- Latest activity: HitBTC gives you an opportunity to track all actions made on your behalf. Proceed to ‘Settings’ page, on the ‘Security’ tab. Signing in, changing the password, enabling or disabling 2FA, coin withdrawing and other important events are being logged there – keep an eye on them and take action if you see anything you don’t recognize.
Deposit Funds Into Your HitBTC Account
To begin with, you will need to generate wallet address. In order to do that, please go to your Account page or just click the green “Deposit” button depicted below.
Find the currency you want to deposit and click the fund button. This will generate your wallet address. Take a look at our exchange overview page if you need to buy BitCoin or Ethereum. You don’t have to use crypto if you prefer you can deposit fiat into your account.
You will need to use this address to initiate a transaction from the personal wallet or from a coin exchange website. Take note that for each of the coins in the account there is a distinct unique address. In case you inadvertently send say Bitcoin Cash to your Bitcoin address – it is lost forever.
When your funds reached HitBTC, you’ll get a pending transaction notification at the very bottom the Account page, in the “Latest transactions” section. Your funds should be available shortly. Please be aware that BitCoin transactions will take longer than Ethereum transactions.
How To Trade ACT On HitBTC
To start trading, you would need transfer funds from your “Main account” to your “Trading account”. To do this, click the blue arrow between the accounts. Specify the desired amount and click “Transfer”.
After the funds have been transferred to the Trading account, go to the trading terminal, pick the trading pair which includes your deposited funds and ACT in the “Instruments” section (i.e. ETH and ACT or BTC and ACT and other variants).
There are 4 types of orders available on HitBTC: market, limit, stop, stop limit. The quickest option is market, which means you are buying ACT at the current market rate. So select market and click”Buy” to perform the trade.
Withdraw Achain From HitBTC
To withdraw your Achain coins, go to the account tab. From here you need to go to the “Withdraw” column. and select ACT.
Make the amount of Achain you want to withdraw is available in the main account. If it is not, will need to transfer it from the trading account.
Specify the amount of Achain you’d like to withdraw and paste your MyEtherWallet address to the “Address” field. Please make certain that you have the right address. Please take note that once indHash have been sent, you can’t undo the transaction.
After you hit the “Withdraw” button and type the authentication code (if 2FA for withdrawals is enabled), the following notification is going to be displayed: “You withdrawal request requires a confirmation by e-mail.” Go to your email inbox and find a new message from HitBTC Support which will is titled “Withdraw verification”. That’s it, you indHash trade is completed.