06 April 2020, 19:04
2 min reading
Ethereum (ETH) is the second largest cryptocurrency by market capitalization. It’s popularity and high liquidity makes it a perfect entry point for those getting started in the diverse and exciting world of cryptocurrencies. Regardless of the cryptocurrency, the very first step is always about setting up a digital wallet to store them. In this short
Ethereum (ETH) is the second largest cryptocurrency by market capitalization. It’s popularity and high liquidity makes it a perfect entry point for those getting started in the diverse and exciting world of cryptocurrencies. Regardless of the cryptocurrency, the very first step is always about setting up a digital wallet to store them.
In this short guide, you will learn how to create an Ethereum wallet, as well as to manage the basic functions of it like receiving funds and topping it up.
There are three types of Ethereum wallets: software, hardware and paper wallets. As you would imagine, each of these offer advantages and disadvantages. Going for one or another will come down to your lifestyle and goals regarding cryptocurrencies.
Formulating and answering these and other questions should help you out with the decision. In case you’re not aware of the pros and cons of the above-mentioned wallet types, make sure to read this before jumping into one:
Once you have decided which wallet works best for you, it’s now time to sign up for a new wallet. In this guide, we’ll focus on the creation of a software wallet, since it’s the most common type of wallet.
As a general rule, we recommend choosing a wallet that’s available on multiple platforms. For example, the Crypterium Wallet is available on a mobile and desktop version, which is highly convenient as you can access it from literally any platform.
With Crypterium, all you need to create a new wallet is a phone number, an email address, and a password of your choice. That’s it. Once you have entered the phone number, created a safe password, and verified your email, you’re done. In other words, you will gain automatic access to your Ethereum wallet.
The Crypterium Wallet is a multi-currency wallet, meaning your account isn’t Ethereum-only. From minute one, you can store Bitcoin, Bitcoin Cash, Ripple, and many other cryptocurrencies in a lifetime-free global wallet.
If you’re asking yourself “how do I get an ethereum wallet address?”, look no further. Your address was already created and you can simply and quickly access it. Keep in mind this isn’t your private key, so you can share it freely.
Now that you actually see your wallet address, it’s a good idea to share it with your friends, clients, or whomever you want. Since Ethereum addresses consist of 42 characters, sharing them without making a mistake can be challenging.
That said, the best way to share it is by either copying it with the in-built copy button on the upper right, or by clicking “Share address”. Another important feature to consider if using the Crypterium Wallet is the QR code.
Many wallet services now use QR scanners to let users transfer funds without dealing with long cryptocurrency addresses. If people near you want to send you ETH, all they have to do is scan your QR code. You can do exactly the same when transferring money as the Crypterium Wallet is also equipped with a QR code scanner.
While you have already created your ETH wallet, it’s finally time to try it out. That’s right, you need to top up your Ethereum wallet. There are basically two ways to do it:
By the way, our 24/7 support team is always happy to answer your question. You can reach them anytime at email@example.com or using our in-app chat.