Introduction to Smart Accounts
Smart Accounts (also known as Account Abstraction or AA wallets) represent a revolutionary advancement in blockchain technology. These contract-controlled wallets ensure that assets are managed exclusively by smart contracts while offering superior functionality compared to traditional wallets.
Key features include:
- Batch transactions
- Gas fee delegation
- Key recovery systems
- Multi-factor authentication
- Flexible gas payment options
👉 Discover how Smart Accounts are transforming blockchain interactions
Supported Networks
OKX Wallet currently supports Smart Account creation on 7 major blockchains:
- Ethereum
- Polygon
- Arbitrum
- Optimism
- BNB Chain
- Avalanche
- OKTC
Benefits of Using a Smart Account
Enhanced Security Features
- Multifactor authentication: Add extra layers of protection
- Account recovery: Never lose access to your assets
- Contract-based security: Benefit from the same security standards as OKX Wallet
Unmatched Convenience
- Single-step transactions: Complete complex DEX swaps in one click
- Gas flexibility: Pay fees with any token (including stablecoins)
- Gas delegation: Allow third parties to cover transaction costs
Expanded Functionality
- Programmable wallets: Customize functionality to your needs
- Future-ready: Supports upcoming features like social recovery and multi-sig
Creating or Importing a Smart Account
Creation Process
- First create a standard wallet
- Select Add Account > Smart Account
- Follow the on-screen prompts
Important notes:
- Only one Smart Account per seed phrase wallet
- Available for keyless and private key wallets
Importing Process
Smart Accounts automatically restore when importing their parent wallet. For seed phrase wallets:
- Import your wallet
- Add the specific account containing your Smart Account balance
👉 Learn the step-by-step process for Smart Account setup
Smart Accounts vs Traditional Wallets
| Feature | EOA Wallets | Smart Accounts |
|---|---|---|
| Control Mechanism | Private Keys | Smart Contracts |
| Transaction Type | Simple | Batch/Complex |
| Gas Payment Options | Native Token Only | Any Token |
| Account Recovery | Limited | Advanced Options |
| Programmability | None | Fully Customizable |
Frequently Asked Questions
1. Can I create a Smart Account without a regular wallet?
No, you must first create a standard wallet before adding a Smart Account.
2. Are Smart Accounts more expensive to use?
While offering superior functionality, Smart Accounts may incur slightly higher gas fees due to:
- Initial contract deployment costs
- More complex computational requirements
3. Which DApps don't support Smart Accounts?
Some decentralized applications may have temporary compatibility issues. Always check platform requirements before interacting.
4. How does account recovery work?
Smart Accounts offer advanced recovery options through:
- Social recovery systems
- Multi-signature setups
- Backup authentication methods
5. Can I delete my Smart Account?
Yes, Smart Accounts can be removed while preserving the parent wallet.
The Future of Smart Account Technology
OKX Wallet plans to introduce groundbreaking features including:
- Social recovery systems
- Wallet mini-program frameworks
- Advanced multi-signature functionality
- On-chain investment strategies like copy-trading
Best Practices for Smart Account Users
- Always maintain a backup standard wallet
- Monitor gas fees during network congestion
- Verify DApp compatibility before transactions
- Take advantage of gas delegation options
- Explore customization features as they become available
Smart Accounts represent the future of blockchain interaction, combining enterprise-grade security with unmatched convenience. As adoption grows, we anticipate these wallets becoming the standard for both novice and experienced users alike.