Claiming and Minting Crypto with Multiple Wallets

Sometimes in crypto, it’s advantageous to play the launch in ways where the more wallets you have, the more you can claim, mint or stake and participate at a higher level. To do this properly, it will take some preparation.

This post goes over how to be setup to take advantage of opportunities when you can use multiple wallets and does not cover any particular strategy. There are also different ways to do this, but using Metamask and multi-send websites is probably the most approachable way for the average crypto user.

So, here’s how you can use multi-send services to make sure you have enough gas and generally make sure everything goes smoothly during your crypto adventures with multiple wallets.

• Step 1: Create a new main wallet

  • Mitigate a lot of risk of hacks by creating and funding a brand new wallet (do not use your main wallet or sacrifice wallet for stuff like this)

• Step 2: Send ether to the new main wallet

  • Eg. if you want to have enough gas for a few transactions for each wallet, and you want to use 10 wallets, and you have plenty of eth, you could start with sending at least 0.1 eth to the main wallet

• Step 3: Connect your new main wallet with ether to a legit multisend app

  • For example, some people use the Multisend apps found on the first couple pages of google search results (not verified, not clear on their security audits, USE AT YOUR OWN RISK + new wallet to mitigate much of the risk)

  • I try to avoid recommending any of them in particular due to all the recent crypto hacks, so DYOR and google for legit multi-send apps and read reviews

• Step 4: In Metamask, start creating new wallets

• + Create Account

• Account Name: 1 (2, 3, 4, 5 and so on)

• Copy each new address to a new line in a file (eg. wallets.txt)

• Add a comma and the exact amount you want to send at the end of each line that contains a wallet address (CSV format)

  • Eg. Sending 0.005 eth to 0xabcd1234

  • 0xabcd1234,0.005

  • 0xdcba4321,0.005

  • …

• Step 5: Go back to the multi-send app once you have a text file with the new wallet addresses on each line for the number of wallets you want to send ether to

• Paste in all the wallet addresses (again, each one on a new line by itself + comma and eth amount to send, which works as CSV format as they usually require this format)

• Hit Send 

  • Eg. 0.005 eth to each wallet for 10 wallets = 0.05 eth from main wallet

  • (if you can, might want to fund the wallets with more than 0.005, perhaps with 0.01 to ensure you don’t have to do a multi-send again later if you need more eth for gas to perform tx’s)

Now you have ether in each wallet and can connect the wallet to the claim/mint app that you want to use and switch between each wallet to do the transactions (so fun). The other thing to watch out for is low (or at least not high) gas prices to do transactions, as this is more of a consideration when doing 10s or multiple claims vs just one or two. Early morning or late at night seems to be the best times generally (when there are less people using the network).

Note: if it’s a project that has a “claim the mint at certain date” clause, make sure to set (multiple) reminders on your calendar to participate after the set number of days you chose to wait before minting, else you may start bleeding out coins and all this work would be for nothing – good luck!