When you press “Add wallet”, a new wallet will be created under your existing account with a new private key.
Importing a private key simply means “transferring” your wallet from another wallet (make sure you’re only holding SPL tokens!) Go to your current wallet app, export the private key from there, and then import it into Solflare as described in the section above.
Transactions you make or dApps you connect to using your wallet are signed by its private key and don’t affect any of your other wallets.
Managing Multiple Wallets in SolflareOnce you’ve created or imported additional wallets, Solflare makes it seamless to organize and use them side by side. Here’s how to stay on top of everything:
1. Switching Between Wallets
In the wallet menu, you can easily toggle between your different wallets with a single tap or click.This lets you quickly move from your main holdings to your NFT wallet, trading wallet, or hardware wallet without logging in and out.2. Labeling and Organizing
Each wallet can be renamed (e.g., “NFT Vault,” “Trading Account,” “Cold Storage”) so you always know which one you’re using.Clear labels help prevent mistakes like sending funds from the wrong wallet or mixing up personal and experimental accounts.3. Monitoring Balances
Solflare’s portfolio view shows you the assets in each wallet, with clear balances and activity logs.If you’re using a watch-only wallet, you can keep an eye on balances without risking exposure of private keys.4. Managing Permissions
From your settings, you can manage which wallets are connected to different dApps.If one wallet is for testing new platforms, while another is for long-term holding, you can keep permissions separated for better security.5. Backups and Security
Since all your accounts in Solflare are secured by the same recovery phrase, make sure that phrase is stored safely. Losing it means losing access to all the wallets connected to it.If you’re using hardware wallets like Ledger, Solflare integrates smoothly to give you an extra layer of security.6. Best Practices
Separate by purpose: Keep NFTs, DeFi activities, and long-term holdings in different wallets.Use hardware for long-term storage: Connect your Ledger or Keystone to Solflare for additional layer of protection.Stay organized: Review your wallet list occasionally and clean up any unused or test wallets.With these tools, you’ll always he clarity and control — no matter how many wallets you manage.