How to create bitcoin wallet in 2 minutes
Creating a bitcoin wallet is like opening a digital account where you can make your financial transactions, the only difference is that it is in bitcoin.
Every bitcoin you buy is sent directly to your wallet, where you can access and manage your coins.
With a bitcoin wallet you can send and receive coins from anywhere at anytime.
Types of Bitcoin Wallets
There are different types of wallets to choose from. Your choice may depend on several factors. Maybe you just started trading in cryptocurrencies, or are you more experienced? You would like to buy a small amount, or invest a large sum?
Basically, there are 3 groups of Bitcoin Wallets namely: mobile wallets, software wallets and hardware wallets.
The difference between the 3 groups of wallets
- Mobile Wallets – this is the type of wallet you manage with your smartphone. It is free and you can carry it anywhere.
- Software Wallets – this is the type of wallet you manage with your computer.
- Hardware Wallets – this is the type of wallet you manage with a hardware (physical device). It provides the safest type of storage for your Bitcoin and all crypto currencies.
How to create your own Bitcoin wallet
For Smartphone Users
Step 1: Go to App Store for iOS or Play store for Android and search for the type of mobile wallet you want.
Step 2: Install and Open the wallet.
Step 3: Set up it by using strong security and recovery phrases.
Step 4: Input your strong passwords and complete your settings to start enjoying your wallet.
Your wallet is ready to receive and send money.
Note that it is not good to disclose your security details to anyone for any reason. Please be guided. Always use strong passwords, see tips on how to choose strong passwords here.
For For Software Wallets
Step 1: Search and download your choice wallet on your laptop or PC.
Step 2: Launch it and proceed to set it up.
Step 3: Follow the prompts to complete the set up process.
For your best hardware wallets see blockgeeks for more info.