How to Create a Crypto Wallet – Hello Guys, In this blog i will tell you how you can create a crypto software wallet where you can store your cryptocurrency assets like bitcoin, bnb, ethereum etc.
A crypto wallet is used to store and retrieve your digital assets. You can also send and receive crypto tokens from one wallet to another i.e you can transfer crypto assets from your wallet to someone else wallet.
To create a crypto wallet you just need to install specific applications and then you can easily create crypto wallets to store your digital assets.
A crypto wallet has a public and private key. Also it has a key phrase generally of 12/16/24 words. This key phrase acts as a password to your wallet. You should store your key phrase securely as sharing of key phrase should be done as you could loose your assets as using your key phrase anyone can access your software wallet. So do not share the key phrase of your wallet with anybody. Also do not share private keys of your wallet as it could result to you loosing your wallet assets.
Also you can use your wallet to connect to different websites, so that you can interact with the website directly to perform different operations on the website like staking in different farms/pools. Trust wallet has in built dapps where you can connect your wallet to different websites on different networks including ethereum, binance smart chain etc.
Here i will tell you how you can create a crypto wallet using different applications listed below:
Trust wallet:
Trust wallet is considered one of the best crypto software wallets to store and manage your crypto assets securely and conveniently. with trust wallet you can Buy, store, collect NFTs, exchange & earn crypto.
Steps to create a crypto wallet using trust wallet application:
- Download Trust wallet from their official website(link given below):
- After you install the application, click on create wallet to create a new crypto wallet.
- Now you can see your 12 words key phrase. Store/note down your key phrase safely somewhere so that it is only accessible to you and make sure you don’t share this key phrase with anybody.
- After you have noted your key phrase, verify the key phrase as asked in the application.
- Now you have successfully created your crypto wallet using trust wallet application.
Safepal:
SafePal is a cryptocurrency wallet launched in 2018 that helps users to protect and grow their digital assets.
Safepal provides both software and hardware wallet. Safepal provides numerous popular crypto-assets, including eth, bnb, bitcoin etc.
Steps to create a crypto software wallet using safepal application:
- Download & Install the SafePal Wallet Application(Link given below):
- After downloading the SafePal App, open the app and select ‘Software Wallet’ and then click on ‘Create Wallet’.
- Then complete the security settings such as the security password, pattern, and fingerprint as instructed by the App.
- After completing the security settings, you will return to the main page again. Select ‘Software Wallet’ and click on ‘Create Wallet’ again, and enter the security password.
- Next step, name the wallet and select the number of the seed phrase you wish to create for the new wallet.
- Store/note down your key phrase safely somewhere so that it is only accessible to you and make sure you don’t share this key phrase with anybody.
- After you have noted your key phrase, verify the key phrase as asked in the application.
- Now you have successfully created your crypto wallet using Safepal application.
Metamask:
MetaMask is a free and secure browser extension that allows web applications to read and interact with the Ethereum blockchain.
It also supports numerous crypto assets. Metamask also allows users to set their own custom RPC as well as custom block explorers.
Because as it allows adding custom network using custom rpc, its provides support for maximum blockchain networks that trust wallet or safepal do not support.
Steps to create a metamask crypto wallet:
- Install MetaMask on your browser. To install metamask you need to download the metamask browser extension on different wallets.
- To install metamask extension for your browser visit the official metamask website(Link given below) and then you can download the metamask extension according to your specific browser.
- After you have installed the extension, open it and then You will be asked to create a new password. Create a strong password and click Create.
- Proceed by clicking Next, then accept Terms of Use.
- Click Reveal secret words.
- You will see a 12 words seed phrase. Save seed words as a file or copy them to a safe place and click Next.
- Verify your secret phrase by selecting the previously generated phrase. When done, click Confirm.
- Done, you have successfully created a metamask wallet.
Disclaimer: Please do your own research before investing in crypto as has risk factors involved. Also we request you to not share your key phrase or private key of your wallet with anyone.
Thank you for reading the blog. If you have any doubts/suggestions regarding crypto wallet or anything related to crypto, feel free to contact us or comment down below. Also keep visiting our blog to get such useful crypto information, crypto airdrops or news related to crypto.