HOW TO GET STARTED
I know you’re probably wondering how to get started with bitcoin and other cryptocurrencies, and how to lay your hands on them.
Getting started with bitcoin involves simply downloading software, an application known as “wallet” from the App Store or Google Play. This is where you store, send and receive bitcoin and other cryptocurrencies. It is similar to using your traditional bank mobile app.
There are many cryptocurrency wallets you can use to store, send and receive bitcoin and other cryptocurrencies. Some of them are scam wallets, this is why you need guidance (such as you’re getting) when starting with cryptocurrencies.
Here are some of the secure and highly recommended cryptocurrency software wallets
Blockchain Wallet:
When creating a wallet on https://login.blockchain.com/#/signup, you will only be required to put in an active email/ password.
Link to app:https://play.google.com/store/apps/details?id=piuk.blockchain.android
Next, you’ll receive an mail asking you to verify your email. Attached below in the mail will be your wallet ID. Safely copy it down in a thick book as it serves as a username to login to your blockchain wallet. When logging in next, it’ll be required alongside your password.
Trust Wallet:
To create a Trust Wallet, download the Trust Wallet App from the official Android PlayStore or Apple App Store on your Smartphone.
Link to app:
Appstore: https://itunes.apple.com/us/app/trust-ethereum-wallet/id1288339409
Playstore: https://play.google.com/store/apps/details?id=com.wallet.crypto.trustapp
Click “Create a new wallet”, and then back up your wallet’s seed phrase. These are 12 words that will help you recover your wallet if you lose your device.
To back up, write them down in a thick book and store in a safe place (water and fireproof). Making multiple copies and securing in different safe locations is highly advised, should you lose one.
Never share your seed phrase with anyone.
After backing up your seed phrase, you will be required to put in the right seed words in order to have access to your wallet. Once you do this, click “Done” to access the wallet you just created.
Coinbase Wallet:
To create a coinbase wallet, simply download the app for whatever device you are using (App Store or PlayStore).
Click on “Create New Account” and pick a unique user name for it.
Next, click on “Create a new wallet”, then accept the terms of service by checking whatever necessary boxes.
Select between Touch ID or Passcode to protect your account. For passcode, you’d have to create a 6-digit passcode to prevent unauthorized access.
Just like any non-custodial wallet, you’ll be given a 12-word recovery phrase which you must write down in the correct order (case sensitive) in a safe book. Doing this immediately will prevent you from forgetting.
Note that these are not the only secure cryptocurrency wallets out there.