Okto is a secure and decentralized self custody wallet that operates on MPC (multi-party computation) technology. Unlike traditional wallets, Okto does not store the user's private keys, ensuring complete control of user funds and transactions.
Okto allows users to interact with a wide range of DeFi protocols and dApps with just one wallet. Users can manage their assets, swap tokens, and provide liquidity to liquidity pools, all without leaving the Okto DeFi wallet. With its user-friendly interface and robust security features, Okto is a one-stop solution to explore the world of Web3.
Follow the steps below to create an account on Okto:
Follow the steps below to sign up for Okto using email ID:
Follow the steps below to sign up for Okto using a Google account:
Read more on: How Okto DeFi wallet works?
There are no fees associated with creating or maintaining an Okto wallet. Okto does not charge any fees for setting up your wallet, and there are no hidden charges or maintenance fees. You can use your wallet to store, send, and receive cryptocurrency without worrying about any extra costs.
Okto is a self-custody wallet, meaning that the user has full control over their wallet's custody instead of Okto. The wallet's MPC key share is stored in a recovery file, which the user always has custody of.
In case you get logged out of the app or use a new device, backup helps you access your wallet. We use encryption that adds a layer of security to your funds.
However, it is important to note that if the user loses their recovery file (whether it be from the cloud or recovery phrase), Okto cannot recover their wallet for them since Okto doesn't have access to the recovery file. Therefore, it is highly recommended that users store their recovery file in a secure location.
Check out this video for more details:
In Okto Self custody wallet app, there are two options to take wallet recovery file backup:
1. Online/Cloud Backup
2. Offline Recovery Phrase
Here is a video tutorial to help you backup your wallet:
When you sign in to a new device using your Okto account, Okto will automatically look for the part of your wallet key that was backed up on your Drive or iCloud during the account creation process. If Okto successfully retrieves this information, you'll be signed in to your new device with the same account, and your wallet will be restored to its previous state.
In the event that you've created an offline secret recovery phrase for your recovery file, you can simply enter that 12-word recovery phrase during login to recover your wallet in Okto.
However, if you didn't back up your part of the key on Drive or iCloud, or if the key has been deleted by the user, and you can't find your secret recovery phrase then it won't be possible to restore your Okto wallet.
1.How to install Okto?
Download Okto DeFi Wallet App for free via Play/App Store.
2. Can I use my CoinDCX account to access Okto?
Yes, you can use your existing CoinDCX account to use Okto.
3. Can I create multiple Okto wallets?
No, you can create only one Okto wallet for a given account.
4. Who can use an Okto wallet? Are there limitations based on Nationality?
All users across the globe can use Okto wallet, excluding a few FATF-blacklisted countries.
5. What KYC documents are required for using Okto?
Since Okto is purely self-custody, KYC is not required
6. How is the Okto wallet different from my CoinDCX wallet?
7. Can I change the email address linked with Okto Wallet?
No, you cannot change the email address linked to your Okto wallet.
8. What happens if I lose my PIN?
To reset your PIN, follow these simple steps:
9.What happens if I lose my password?
Follow the steps below to reset your Okto account password: