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Before creating your first Bitcoin wallet, we heavily recommend this article first; for you to have an idea on what the wallet types are, and what their advantages and disadvantages are.

What you’re going to need

  1. a smartphone
  2. a pen
  3. a piece of paper
Why use a smartphone and not a computer?

There’s nothing necessarily wrong with using a computer, but mobile phones are mostly more secure especially if you keep your Android or iOS version updated at all times. Your computer is a lot more likely to be infected by malware and viruses.

Downloading BlueWallet

  1. On your mobile phone, open https://bluewallet.io/ and click on the appropriate app link (App store if you’re using an iPhone, Google Play if you’re using an Android phone).
  2. Download and install the BlueWallet app as you would with any other app.
Why BlueWallet?

While there are other decent wallets out there, BlueWallet has every characteristic we need with a Bitcoin wallet. Namely:

  1. open source
  2. non-custodial
  3. easy to use

Creating your Bitcoin wallet

  1. Open the BlueWallet app
  2. On the main screen, tap on the “Add a wallet” option.
  3. Add a name for your first Bitcoin wallet, tap on the “Bitcoin” option, then tap on “Create”.
  4. 12 words would then be displayed. Neatly and accurately write those words down on your piece of paper. The 12 words will serve as your wallet backup in case you lose or break your phone.
  5. Tap on the “OK, I wrote this down.” button.
  6. Congratulations, you now have your first Bitcoin wallet.
NOTE: do not store the 12-word backup digitally on your email, your notes app, an SMS message, etc. only store it offline on a piece of paper.

Going forward

Now that you have a Bitcoin wallet, you need to make sure that you don’t lose your coins one way or the other. Always remember, once a Bitcoin transaction is confirmed, it’s irreversible. You won’t be able to call someone to help you with your lost money, like how you can do with your local bank.

And the only way to not get your funds stolen is to educate yourself with the common scams that online criminals are using: The Cryptocurrency Scambook



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Thanks for reading!

CryptoSec.info was found solely to help people learn how to protect their bitcoin and cryptocurrencies from scammers and hackers. Feel free to share our articles or our homepage CryptoSec.info on social media, or to people you know that are interested in Bitcoin & Cryptocurrencies.


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