This article explains what an external wallet is, why you need one as part of the Rodeo Send-Off, and how to create one if you don’t already have one. It’s written for users who may be new to crypto or who previously relied on Rodeo to handle blockchain activity for them.
What is an external wallet?
An external wallet (also called an EOA, or Externally Owned Account) is a blockchain wallet that you control directly.
Unlike your Rodeo account, an external wallet:
- Is not tied to Rodeo or any other platform
- Is controlled by you using a recovery phrase or private key
- Allows you to hold assets and verify ownership directly on public blockchains
Common examples include MetaMask, Coinbase Wallet, Rainbow, and other Ethereum-compatible wallets.
Why do I need an external wallet?
During normal operation, Rodeo handled blockchain transactions for you using an embedded Rodeo smart wallet. You didn’t need to manage a wallet yourself.
As part of the Rodeo Send-Off, this embedded wallet will no longer be supported.
To keep access to your assets after Rodeo shuts down, you need an external wallet so that:
- You retain direct control of what you own
- Your assets remain accessible after March 10, 2026
- You are not dependent on Rodeo or any other platform to hold or manage them
In short: the external wallet is where your assets live once Rodeo is offline.
What can an external wallet hold?
An external wallet can hold and display:
- USDC and other tokens
- NFTs (including ERC‑1155 tokens)
- Ownership of smart contracts
- Transaction history and balances
These assets always exist on the blockchain and can be viewed or verified using public tools, even after Rodeo shuts down.
How do I create an external wallet?
You can create an external wallet using a third‑party wallet app. These wallets are provided by independent companies and work across many blockchain applications.
Common options include:
You may choose any Ethereum‑compatible wallet you prefer. Creating a wallet usually takes only a few minutes and does not require approval from Rodeo.
What should I know when creating a wallet?
When you create an external wallet, you will be given a recovery phrase (sometimes called a seed phrase).
Important things to know:
- This phrase controls access to your wallet and assets
- You should store it securely and never share it
- Rodeo will never ask for your recovery phrase
If you lose this phrase, you may permanently lose access to your wallet.
Do I need to choose a specific wallet?
No. Rodeo does not require or recommend a single wallet provider.
Any Ethereum‑compatible external wallet that you control can be used with the Rodeo Send-Off.
What happens after I create an external wallet?
Once you’ve created an external wallet, you’ll be able to link it during the Rodeo Send-Off and transfer your assets out of your embedded Rodeo smart wallet.
Step‑by‑step instructions for transferring assets will be provided as part of the Send‑Off experience.
Final note
External wallets are the standard way assets are held and managed on public blockchains. By moving your assets to an external wallet, you retain ownership and access independent of Rodeo, both during the Send-Off and after the platform shuts down.