To create a Bitcoin wallet, you need to download, install it and generate a unique key. And for that you need to choose a wallet that best suits your needs.
But if in the past different wallets were a great option for one task but sacrificed something else, like security, now, in 13 years of cryptoindustry development there are universal and optimal in all things tools for storing and managing cryptocurrency.
Trustee Wallet is such a tool, which reliably keeps your funds only in your hands due to decentralization and non-custodial principle of key storage and gives you full control over them due to user-friendly interface and wide functionality. Trustee is a mobile wallet that allows you to use all the advantages of bitcoin and blockchain technologies in one application.
And now, if we have decided on a program for storage and management, let’s go through the points of creating a bitcoin wallet:
- Download and install – for any version of Android and iOS operating systems you will find the wallet in the app stores Google Play and App Store.
- Generate Key – go to the app and click “Create Wallet.” The key, aka Recovery Phrase, will be generated automatically. Write it down and confirm the action on the screen.
- Your wallet is ready to use!
But while the wallet is empty, which means it’s time to get your first bitcoin. To do this, send cryptocurrency to your new cryptocurrency address or buy it directly in the app for fiat money from a bank card or other payment service.
How to get a Bitcoin wallet?
To start using bitcoin, you need to get a bitcoin wallet. A bitcoin wallet is software that helps you store and own bitcoins. There are many different types of bitcoin wallets, each with its own features and benefits:
- A hardware wallet is a cryptocurrency wallet on a physical medium with storage software on it. This can be a flash card or a separate device.
- Desktop wallet – storage software on your computer. Low security level compared to hardware wallets is compensated by the convenience of working with cryptocurrency.
- Browser wallet is a browser extension that allows you to use cryptocurrency for shopping or working with cryptocurrency platforms directly in the browser window. The level of protection depends on browser and computer security in general.
- Mobile Wallet – application for mobile devices. It is convenient for working with cryptocurrencies due to mobility and speed. Has a high level of protection compared to desktop and browser wallets.
The choice of wallet depends not only on the type of cryptocurrency, but also on your requirements for security, convenience and mobility. After you choose, you need to get the first bitcoins to your account – there are three ways to do that, and now we are going to tell you about it.
Let’s consider further actions on the example of mobile Trustee Wallet, as the optimal option of all types of cryptocurrencies regarding the level of security, availability of additional functions and full-fledged management of your funds:
- Get bitcoin from a cryptocurrency address. To do this, select bitcoin in the wallet and click on “Get”. Copy the wallet address and send it to the sender. You can also bill it as a QR code.
- Get cryptocurrency by mining. This is a vast topic for a separate conversation, but within the scope of this topic, suffice it to say that you just need to specify the address of the wallet in Trustee Wallet as the address for the reward.
- Buy cryptocurrency directly. You don’t need to look for an additional service to do this, as Trustee has a built-in exchanger. It allows you to get bitcoin for fiat currency from a bank card or payment service. To do this, just go to the “Exchanger” section and follow the instructions. The smart exchange feature will help you figure out all the tricks.
You can find Trustee Wallet in Google Play and App Store for any version of Android and iOS operating systems.
How to make a Bitcoin wallet?
You want to store your bitcoin securely, right? Here are some tips on how to properly make a bitcoin wallet:
- Choose a good bitcoin wallet. There are many different types of bitcoin wallets, so it is important to find one that fits your needs. It can be a hardware wallet on a flash drive, a desktop application on your computer, a browser-based online program, or a reliable mobile wallet.
- Store your bitcoin offline. If you want your bitcoins to be perfectly safe, store them offline. Storing bitcoins and other cryptocurrencies is not recommended on cryptocurrency exchanges or centralized wallets. Their data is also stored on the server, which means it is available to third parties and subject to potential attacks.
- Make backups of your wallet. If something happens and you lose your wallet, you can restore your bitcoins with a backup copy. To do this, write down the 12 or 24 word Recovery Phrase that was generated when you created your wallet to a separate device or physical media and save it in a safe place.
- Keep an eye out for updates. Be sure to check your wallet regularly for updates and security patches. This will help protect your bitcoins and secure your transactions.
To create a Bitcoin wallet, you must first download the Trustee Wallet app for Bitcoin. You can do this from the App Store or Google Play. After installing the app, open it and create your first wallet. Generated Recovery Phrase, according to the third tip, save it right away. After confirming it, the wallet is ready to work.
Trustee Wallet is a mobile wallet that supports not only bitcoin, but also other cryptocurrencies. It securely stores your assets due to its decentralized structure (no servers), and if you want it can become the most secure offline storage. The wallet is constantly updated and updated with new unique features: exchanger, stacking, bitcoin transactions acceleration, etc.
How to open a Bitcoin wallet?
To open a bitcoin wallet, you first need to set it up. To do this, you need to decide on the platform on which you are going to work with cryptocurrency. Different types of wallets are designed for different platforms, which determines the convenience of working with them.
For example, browser, desktop and online wallets work on desktop computers of operating systems Windows, MacOS. This makes it convenient to work from home, but does not allow immediate response to the situation on the crypto market outside of it. Hardware wallets, on the other hand, are a separate physical medium and cannot operate without an additional device – because of this, they provide the highest level of protection, but also the lowest level of controllability.
Another option is mobile wallets. Compared to the other options, this is the optimal solution that combines reliability and a high level of comfort in managing cryptocurrencies from anywhere in the world at any time.
Mobile wallets support bitcoin as well. Thus, in a mobile Trustee Wallet you can open a bitcoin wallet for secure storage and efficient management of Bitcoin coins. Trustee also supports another 30+ cryptocurrencies and tokens and allows you to create an unlimited number of wallets within one app for different needs.
To do this, download the wallet from the Google Play store or App Store, depending on the type of mobile device you have:
- When the installation is complete, click on “Create Wallet”
- Write down your 12-word access code and hide it securely
- Confirm the code and start using the best bitcoin wallet!
- Buy your first cryptocurrency right in your wallet in the “Exchanger” section
✅ Aggregates multiple exchanges; ✅ Multicurrency; ✅ Anonymous, non custodial, open source; ✅ Supports NFTs; ✅ Built-in staking; ✅ Live сustomer support 24/7; ❌ Limited list of supported exchanges; ❌ No browser extension; ❌ No desktop version.
View more✅ Multicurrency; ✅ Connects to both iOS and Android via BLE ❌ No open-source; ❌ No immediate DeFi access; ❌ No built-in exchange aggregator; ❌ Does not support NFTs; ❌ Does not support staking;
View more✅ Self-sufficient; ✅ Lightweight; ✅ On-device encryption and Shamir backup; ✅ Multicurrency; ❌ Not meant to be used with phones (no app, no Bluetooth) ❌ no direct access to DeFi; ❌ Does not support NFTs; ❌ Does not support staking.
View more✅ Available as an app and a browser extension; ✅ DApp browser, DeFi; ✅ Multicurrency; ✅ Non custodial; ✅ Open-source; ✅ Supports NFTs; ❌ Difficult to navigate; ❌ High usage fees; ❌ Increased risk of phishing; ❌ Does not support staking; ❌ Does not allow deals in fiat money.
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