How do I manage multiple portfolios in the same wallet?
Everything you need to know so you can enjoy having multiple Qadirah portfolios in the same wallet.
To get your own self-custody wallet with a multiple portfolio feature,
In this article:
- What is the difference between a portfolio and a wallet?
- Why would you want to have multiple portfolios?
- What happens when I create another portfolio?
- How do I enable multiple portfolios?
- How can I create another portfolio?
- How do I switch between my portfolios?
- How do I transfer funds between my portfolios?
- How do I delete a portfolio?
What is the difference between a portfolio and a wallet?
|Portfolio||Each portfolio is derived from the same 12-word secret recovery phrase. However, each portfolio has its own addresses. You can think of portfolios like different containers for your crypto that are all linked to the same 12-word phrase.|
|Wallet||Each wallet has its own unique 12-word phrase.|
Why would you want to have multiple portfolios?
Having multiple portfolios in one Qadirah can be useful if you are sharing a wallet with another member of your household, have both a personal and a business portfolio, or any other reason you can think of.
By having multiple portfolios, you can keep transactions and balances separate, just like having multiple bank accounts.
To access multiple portfolios,
What happens when I create another portfolio?
When you create another portfolio, your Qadirah wallet derives another portfolio from the same 12-word phrase. This means that every portfolio you create can be restored from the same 12-word phrase.
Each portfolio has its own unique derivation from the original 12-word phrase. The first derivation is your first portfolio, the second derivation is the second portfolio you create, etc.
Since all of your portfolios are still linked with the same 12-word phrase, you need to make sure you keep your 12-word phrase extra safe!
If you want to create multiple wallets on the same computer, please check out this article:
- How do I create multiple wallets on the same computer?
You can create up to 3 portfolios in your Qadirah wallet.