My goal is to create a wallet for my own website where people can deposit and withdraw, Just imagine I am building a Binance version on icp

Thinking out loud, have you considered this architecture? You create an ICP canister. For each user, within the ICP canister, you create ECDSA key with the derivation path as a user ID. Users can send the native USDC and USDT to their ECDSA key. If they need to send their USDC or USDT somewhere,…

[image] jennifertran: ECDSA I am trying to use something like oisy now, and first step is to create eth wallet then call encodePrincipalToEthAddress(Principal.fromText(profile.id)) but still tryting to figure out the code, i got all the theories by now I want to call scketh and from it swap …

Thinking out loud again: If you are trying to swap ckETH to USDC, it might make sense to swap to ckETH to ckUSDC and then convert ckUSDC to USDC with the deposit account as the ECDSA key that you generated for the user.

[image] AliSci: encodePrincipalToEthAddress(Principal.fromText(profile.id)) I am not sure if this is the right approach since the Principal is not specific to your canister and a user id. For example, let’s say that your user’s id is “abc”, you are then converting “abc” to a principal and the…

Yes, i was checking, oisy repo, and chain fusion example, for ECDSA examples i think it is the most helpful one, as they have send_eth and ethereum_address methods. I am assuming calling the ethereum_address method is used to deposit. So u copy the address and put it in binance account to deposit …

@AliSci Also check out this just published example app on how to build an ETH wallet on ICP. It doesn’t support ERC-20 tokens but that could easily be added. [image] Building a multi user Ethereum wallet on ICP using Alloy Rust ic-alloy is an open source project to make t…

I’ve been playing around with setting up ckTestBTC and learned a lot from doing it. It’s not complete but it’s interesting for this kind of thing. Needed it to figure out how to create a custodial wallet for gifting crypto to others where a custodian holds funds from one user to be delivered to anot…

How to build a usdc/usdt custodial wallet on icp?

Developers

kristofer October 18, 2024, 11:34am 7

@AliSci Also check out this just published example app on how to build an ETH wallet on ICP. It doesn’t support ERC-20 tokens but that could easily be added.

Topic		Replies	Views
I was trying to call the ckSepoliaUSDC but I got an error Developers	6	77	October 7, 2024
Ckusdc custodial wallet Developers	2	77	November 12, 2024
Minting chain key api for USDC, BTC and ETH Programs & Applications	1	93	September 14, 2024
Building a multi user Ethereum wallet on ICP using Alloy Rust	0	208	October 18, 2024
Creation $ICP Wallets Developers Functional-Programming	2	2406	July 13, 2021

How to build a usdc/usdt custodial wallet on icp?

Related topics