11/14/2017

How To Create A Bitcoin Wallet

 

To learn more about digital wallets, please check out our Simple Guide To Digital Wallets. As an example of how to create a bitcoin wallet we will use the most popular client in cryptocurrency provided by https://www.blockchain.com/. Blockchain offers a web-based wallet that holds bitcoin and ether on all kinds of different devices and has integrated tools allowing users to buy and sell currency within the wallet.

Blockchain Wallet Homepage

Creating a wallet
Start by clicking “Get A Free Wallet” in the top right corner of the homepage and fill out the signup form with your email and a password to generate your free wallet

Blockchain Wallet Signup Form

After you agree to the Terms of Service and click “Continue” you will be directed to the dashboard containing your bitcoin and ether wallets in addition to settings and exchange functions. You should receive an email to verify your account.

Blockchain Wallet Dashboard

Making a transaction
You can either send funds to your wallet or make a purchase using the exchange function to fund your wallet. Click the “Request” button to access your wallet’s address. This public address can be shared with others so they can send currency to your wallet. Select the wallet of the currency you desire and copy the address. Paste the address into the “To” field of the wallet you’re sending currency from along with the amount you wish to send or share the address with the individual sending you currency.

Blockchain Wallet Request Form

 

To learn more about how to purchase bitcoin, check out our Simple Guide To Purchasing Cryptocurrency. Once you have funds in your wallet you can click the “Send” button to send currency to another wallet or individual.

Blockchain Wallet Send Form

Securing your wallet
As a web, mobile, and software-based client, Blockchain should be considered vulnerable to keylogger attacks. For security, Blockchain provides a backup recovery phrase, a password hint, two-factor authentication, and an option for preventing addresses from accessing the wallet from the Tor network.

Other bitcoin wallets
In addition to the client provided by https://www.blockchain.com/, other popular bitcoin wallets include http://www.exodus.io/, https://electrum.org/#home, https://wallet.mycelium.com/, and https://www.ledgerwallet.com/

Authored by

Seth Goldfarb

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