This content is for educational purposes only and should not be considered financial advice or an inducement to buy, sell, or trade cryptoassets.
Custom tokens are specialized digital assets, minted within the parameters of existing blockchain frameworks.
Magic Eden Wallet extends support to custom tokens across multiple prominent networks:
Bitcoin (BTC)
Magic Eden supports Bitcoin-based tokens, including Ordinals (collectibles) and Runes (fungible tokens).
Ordinals leverage Bitcoin's blockchain to embed data directly onto Satoshi units, enabling a unique token standard.
Ethereum (ETH)
Magic Eden Wallet provides a platform for Ethereum-based custom tokens, commonly known as ERC-20 tokens, catering to a broad audience.
Solana (SOL)
SPL tokens on Solana are wholeheartedly embraced by Magic Eden Wallet, granting users access to the Solana ecosystem.
Polygon (MATIC)
Magic Eden Wallet has integrated support for Polygon's custom tokens.
Base (ETH)
Base is Coinbase's Ethereum Layer 2 (L2) network.. Base operates without a native token, utilizing a variant of Ethereum (ETH) for transactions and gas fees.
Adding custom tokens to your Magic Eden Wallet
Should you need to restore your wallet using your secret recovery phrase or synchronize your wallet across devices, it might necessitate re-adding your custom tokens. Here's a breakdown of the process:
Accessing your assets
Begin by clicking on the Profile icon within your Magic Eden Wallet. Next, select 'Assets'.
Searching for the token
Use the search bar to query the custom token by its name. If you find your desired asset, enable it by clicking the circle next to the asset. A blue checkmark will confirm its activation. If your search draws a blank, proceed to the next step.
Locating the token contract address
If the token still does not appear, post the search, you'll need its contract address.
Some tokens are currently unsupported by Magic Eden Wallet. For instance, Token-2022 tokens on Solana cannot be added at this time.
Initiating custom token addition
To incorporate a custom token using its contract address, select the 'Custom' tab situated at the top right. Subsequently, choose 'Add Custom Token'.
Entering the contract address
Input the previously sourced contract address. Select the chain the token is on.
Finalizing token details
Once you've added the token's specifics, proceed by clicking 'Continue'.
Token addition
To finish the process, click 'Add Token'. With this, your chosen custom token will be integrated into your wallet, allowing you to easily send, receive and spend it using the Magic Eden Wallet.
Always ensure the authenticity of your custom token, safeguarding against potential scam variants. For an in-depth understanding, consider resources that educate about spoofed tokens.