EOA Wallets

What Is an Externally Owned Account?

An Externally Owned Account, or EOA for short, works with the user having control of the account via a private key. This key is your unique signature and access pass to the blockchain account. EOAs enable you to send/receive transactions and interact with applications.

EOA essentials:

• Usually require set-up via seed phrase (a mnemonic phrase you need to remember or store securely; it represents your private key and point of access to the account)

• Can send and receive transactions, manage ETH balances, and interact with smart contracts

• Don't need to be funded for on-chain deployment.

• EOAs are marketed as software wallets (MetaMask, Trust Wallet, Rainbow) or hardware wallets (Trezor, Ledger, GridPlus). Both offer the same type of account properties in different UX configurations.