Below are answers to the most frequently asked questions about Formatic Wallet (also known as Fortmatic), compiled from user communities, developer documentation, and wallet review sites.
What is Formatic Wallet?
Formatic (officially Fortmatic) is a non-custodial, Web3 Ethereum wallet that allows users to access decentralized applications using an email address or phone number — without browser extensions or seed phrases. It was founded in 2018 and later rebranded to Magic in 2020.
Is Formatic Wallet the same as Magic?
Yes. Fortmatic was rebranded to Magic (operated by Magic Labs, Inc.) in 2020. The core technology remains the same — the same SDK, authentication model, and HSM security architecture. Existing integrations and user wallets were not affected by the name change.
Does Formatic Wallet require a seed phrase?
No. Formatic uses email or phone-based OTP authentication instead of seed phrases. Your private key is secured inside a Hardware Security Module and never exposed to you or to Formatic's staff. This eliminates the risk of seed phrase theft while maintaining non-custodial ownership.
What chains does Formatic Wallet support?
Formatic primarily supports Ethereum and EVM-compatible networks. Developers can configure the SDK to connect to Ethereum mainnet, Goerli testnet, and any other EVM chain by specifying the network parameters during initialization. Multi-chain support beyond Ethereum depends on the dApp's configuration.
Is Formatic Wallet a mobile app?
Formatic is a web-based wallet — it functions inside supported dApps in any browser. It is not a standalone mobile app in the traditional sense, but it works in mobile browsers without requiring any extension. It supports Windows and macOS as desktop environments.
Can I use Formatic Wallet on OpenSea?
Yes. OpenSea supports Formatic Wallet as a connection option. Some users have reported limitations with contract approval flows for selling and transferring NFTs. For buying NFTs, Formatic generally works without issues. If you encounter problems, try re-authenticating or checking OpenSea's current supported wallet list.
How do I recover my Formatic Wallet if I lose access?
Set up a recovery email when you first create your wallet. If you lose access to your primary email or phone, you can use the recovery email to re-authenticate and regain access. Contact Magic (the rebranded Formatic) support at magic.link if you need additional assistance.
Is Formatic Wallet free to use?
For end users, Formatic Wallet is free to use when accessing supported dApps. Developers are offered a free plan with up to 250 active users and 10,000 daily API requests. Paid plans start at approximately $79/month and offer higher usage limits, custom themes, and priority support.
Why does Google show "fortmatic" when I search "formatic wallet"?
Google sometimes auto-corrects "formatic" to "fortmatic" because the official product name was Fortmatic. Both spellings refer to the same wallet. This website covers both spellings and provides accurate information about the Formatic/Fortmatic wallet and its Magic successor.