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Topic: How can i get a functional wallet - page 2. (Read 353 times)

hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
September 15, 2023, 10:08:54 AM
#10
For other coins you should use unstoppable wallet. It supports many cryptocurrencies and is open source like electrum wallet
Unstoppable wallet is a good choice for mobile which is available in both IOS and Android but it's not available for PC and also its not support many coins like coinomi yet.

Currently, it supports a total of 116 assets including tokens: https://www.cryptowisser.com/wallet/unstoppable-wallet/coins?page=1

For PC users who store a lot of shitcoins and don't want to dump them in the hardware wallet then Coinomi is still their option which is a closed source but supports more coins and tokens compared to any other multi-crypto wallet.
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
September 15, 2023, 04:54:30 AM
#9
I'm a bit new in the forum and still trying to figure out how so many things work, I would love to know how to get a functional wallet address or a step-by-step guide on how to create one.
I would recommend you go for Electrum Wallet because it gives you full control of your Bitcoin and you can recover your wallet with a seed phrase. You should also know that setting up a Bitcoin wallet comes with a great risk you should protect your wallet from hackers or even from your friends you don't trust. After downloading a Bitcoin wallet never share the private key or seed phrase of your wallet with anyone, you can back up your wallet with a UBD key, paper, and CDs and keep it where only you can access it or you can tell someone you trust in your family the location in case something happens to you.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
September 15, 2023, 04:09:10 AM
#8
Electrum wallet is open source wallet and most secure wallet so far. you can use it in the mobile (Android+Ios) and desktop.
Electrum does not support iOS. I will recommend Bluewallet for iOS.

If you wanting only to store btc then it is best choice but if you want to store multiple coins like Btc, Ethereum and other in one place then I will recommend Trustwallet (10 m download) or Safepal wallet (1m download).
Trustwallet is a close source wallet. Safepal hardware wallet is still a close source wallet for now. I will not recommend both. I will recommend open source wallet like Unstoppable wallet, or hardware wallet like Trezor.
hero member
Activity: 812
Merit: 619
September 15, 2023, 04:04:17 AM
#7
I'm a bit new in the forum and still trying to figure out how so many things work, I would love to know how to get a functional wallet address or a step-by-step guide on how to create one.
Electrum wallet is open source wallet and most secure wallet so far. you can use it in the mobile (Android+Ios) and desktop. If you wanting only to store btc then it is best choice but if you want to store multiple coins like Btc, Ethereum and other in one place then I will recommend Trustwallet (10 m download) or Safepal wallet (1m download).

You can also check this article to choose one best for your nees
https://www.investopedia.com/best-crypto-software-wallets-5220762
sr. member
Activity: 630
Merit: 298
September 15, 2023, 03:48:06 AM
#6
The two replies above gives you the guide on how to create an electrum wallet which is the most reputable wallet that is been used as both hot and cold wallet. But as someone who is new and would like to learn about other wallets too I would advice you read this thread on bitcoin wallets.

Also you didn’t specify which type of wallet you want, the guides above is just for bitcoin only wallet as electrum doesn’t support other coins. For other coins you should use unstoppable wallet. It supports many cryptocurrencies and is open source like electrum wallet
hero member
Activity: 1722
Merit: 801
September 15, 2023, 03:45:32 AM
#5
I'm a bit new in the forum and still trying to figure out how so many things work, I would love to know how to get a functional wallet address or a step-by-step guide on how to create one.
You should read first, read the sticky thread first.

[General] Bitcoin Wallets - Which, what, why?. It is not updated because Lauda left the forum but if you read it, you will get some information and can ask more.

Electrum wallet is good for newbies to use, free, open source, non custodial. You can set up multisig wallet or cold wallet with Electrum. Verify it.

[GUIDE] How to Safely Download and Verify Electrum
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
September 15, 2023, 03:45:14 AM
#4
Make sure that you do not let anyone know your seed phrase or private key. Have like two backups and keep them in safe places. Only what you should give people to pay you is the bitcoin address.

Electrum is one if the best wallet that you can use, read the guide that OmegaStarScream posted. It is a easy guide to read that will let you know how to create a bitcoin wallet.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
September 15, 2023, 03:44:05 AM
#3
Electrum will work better even for beginners and here is one of my post that breaks down how to safely download Electrum, install, send, and receive funds.

It is not really rocket science, possible for anyone to understand who has the ability to read, and understand what is the meaning of deposit/ receive and send.

Let's say you are downloading Electrum as your Bitcoin wallet, you can find the Download link on their official website.

https://electrum.org/#download

Once you downloaded the wallet.
Setting up your wallet:

1. Launch Electrum then You'll be prompted to create a new wallet or restore an existing one.
2. Choose "Create a new wallet" and click "Next."
3. Select "standard wallet option" and click "Next".
4. Choose you want to create a new seed then Electrum will generate a seed for you.
5. write down this seed and keep it in a safe place. This seed is essential for wallet recovery.
6. Confirm the seed by entering it in the next window.
7. Set a strong password for your wallet and click Next.

Now you completely set up your wallet.

Receiving Bitcoin:

Click on the "Receive" tab to generate a receiving address. You can generate multiple addresses if needed.

Sending Bitcoin:

1. Click on the "Send" tab.
2. Enter the recipient's Bitcoin address, the amount you want to send.
3. Choose the right fee as suggested by Electrum, you can also use https://mempool.space/ to find the actual fee and click "Send."

If you still need any tutorials then you can use Helpful Guides For Newbie on the Electrum Wallet posted by Ratimov.



You can also refer : [GUIDE] How to Safely Download and Verify Electrum

For more guide just visit wallet category from Ratimov's Beginners & Help Encyclopedia thread : Wallets
staff
Activity: 3500
Merit: 6152
September 15, 2023, 03:41:50 AM
#2
A bitcoin wallet? If so:

1. Download Electrum: https://electrum.org/#download
2. Follow these steps to create a standard wallet: https://bitcoinelectrum.com/creating-an-electrum-wallet/
3. You can now head to the "Receive" tab to generate an address which you can then give to people or exchange so they can transfer bitcoin to you.
full member
Activity: 490
Merit: 225
September 15, 2023, 03:40:16 AM
#1
I'm a bit new in the forum and still trying to figure out how so many things work, I would love to know how to get a functional wallet address or a step-by-step guide on how to create one.
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