How to Set Up a Hot Wallet
NEVER CREATE A DIGITAL COPY of any password you create; this includes avoiding taking a screenshot of it, sending it to yourself in an email or storing it as a note on your computer. Any digital document that's stored on your computer is accessible to hackers.
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Android: Compatible with any smartphone that operates using Android's operating system.
iOS: Compatible with any iPhone.
How to set up a MetaMask wallet:
Visit https://metamask.io/
- Click on the menu bar.
- Click install MetaMask for the desired device.
- When downloaded click "get started" then select "create a wallet" and agree to the terms.
- Next set your password ensuring it includes all the listed characteristics like one uppercase character, one lowercase character, one digit and one symbol at least for each.
- A screen will then appear which outlines what a secret recovery phrase is. Copy down each word in order and then MetaMask will ask you to type in the 12-word sequence.
How to set up a Coinbase wallet:
Visit https://www.coinbase.com/en-gb/wallet/downloads
- Download the desired device option.
- When downloaded, on the welcome screen select "create a new wallet" and press continue.
- Choose a username and select recommended settings on the privacy options. This can help in the future for trading between Coinbase wallet users.
- Next set your password ensuring it includes all the listed characteristics like one uppercase character, one lowercase character, one digit and one symbol at least for each.
- Confirm the terms and conditions by selecting each point and press continue.
- Next you will be prompted to back up your secret recovery phrase. Copy down each word in order and then Coinbase will ask you to type in the 12-word sequence.
How to set up a Trust wallet:
Visit https://trustwallet.com/download
- Download the desired device option.
- Once you download the application, select "create a new wallet" and press continue.
- Next set your password ensuring it includes all the listed characteristics like one uppercase character, one lowercase character, one digit and one symbol at least for each.
- Confirm the terms and conditions by selecting each point and press continue.
- Next you will be prompted to back up your secret recovery phrase. Copy down each word in order and then Trust wallet will ask you to type in the 12-word sequence.