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<h2 id="header-0">How to Install a Crypto Wallet &amp; How to Create a New One</h2>When engaging in the crypto market, it is crucial to know how to manage your funds effectively. Accordingly, one of the most important lessons is where to safely store your crypto and NFTs. Due to recent events — the collapse of FTX — many investors have lost a significant amount of assets. As a result, storing assets on a centralized exchange has become even more in doubt. Obviously in the battle of <a href="https://oneart.digital/en/blog/crypto-wallets-vs-crypto-exchanges-which-is-better" rel="noopener noreferrer nofollow">crypto wallets vs. crypto exchanges</a> the former wins as the safest tool for storing assets.So when asked “why keep crypto in a wallet” the answer is: it&#39;s more secure (especially in non-custodial wallets).Now let&#39;s get to the point!<h2 id="header-1">How to install a crypto wallet</h2>Here is a detailed guide on how to set up and create your wallet.Step 1: Pick a wallet app you want to installThe first thing is to do your research and choose the wallet that suits you best. Many options offer different levels of security, ease of access, customer service, and pricing (not all wallets are fee-based).<blockquote>Note: In this case, we will consider software wallets. They offer asset storage, crypto portfolio management and are more user-friendly. Although there are hardware wallets as well. They offer the only function — the most secure cryptocurrency storage, but they lack a user interface and usability.</blockquote><blockquote>ProTip: It is desirable to pick <a href="https://oneart.digital/en/blog/what-is-a-non-custodial-wallet" rel="noopener noreferrer nofollow">non-custodial software wallets</a>, with which ONLY YOU can control your assets and access to them.</blockquote>In this guide, we are going to consider the non-custodial OneArt Wallet as an example.Step 2: Download the app to your phoneYou can download OneArt on <a href="https://oneart.page.link/applestore" rel="noopener noreferrer nofollow">AppStore</a> or <a href="https://oneart.page.link/playmarket" rel="noopener noreferrer nofollow">Google Play</a>. The app requires iOS 15.0 or later. Android users need to have Android 8.0 and up.Step 3: Import your wallet or create a new oneUsually, after downloading the application, the next step is registration. However, most wallets do not require you to register, provide your email, etc. Know Your Customer (KYC) is usually typical for centralized exchanges, which require personal data when registering.After installation, open the downloaded application where you will find two buttons: &#34;Import Wallet&#34; or &#34;Create New Wallet&#34;.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e7661c01fc1c4231baea1e40ddb76505.png" /><ol><li>How to create a crypto wallet</li></ol>Creating a crypto wallet includes a very important detail — generating a seed phrase, which must be kept in a safe place.<ul><li>Click the &#34;Create New Wallet&#34; button.</li><li>Select one or multiple blockchains.</li></ul><img src="https://academy-public.coinmarketcap.com/optimized-uploads/e934ca59dd6c4c5f89106b020a682ab6.jpeg" /><ul><li>Then you will be offered a seed phrase. This is a 12-word phrase that is tied to access to your wallet. Accordingly, if you lose it, you lose access to your wallet.</li></ul><blockquote>Important: You can save a seed phrase 1) manually or 2) back it up to Google Drive/iCloud. Anyway, keep it in a safe place. And, of course, do not share it with anyone else, otherwise, you risk losing access to your wallet and, consequently, to your coins.</blockquote><img src="https://academy-public.coinmarketcap.com/optimized-uploads/f357b1976ae24dd9aa42cb5ff84adfc4.png" /><ul><li>Create a backup password and confirm it.</li></ul><img src="https://academy-public.coinmarketcap.com/optimized-uploads/e0e02d37bf09401ba153904ba68ad6b2.png" /><ul><li>Then you will be offered to rewrite your seed phrase and make sure it is correct (insert the missing words).</li><li>Next, create a PIN for the app.</li><li>Done!</li></ul><blockquote>Also, you can watch the OneArt How-Tos video, where each step is visually explained&#x1f447;</blockquote><blockquote><a href="https://www.youtube.com/watch?v&#61;MgnXhbuxVF0" rel="noopener noreferrer nofollow">https://www.youtube.com/watch?v&#61;MgnXhbuxVF0</a></blockquote><ol><li>How to import an existing wallet</li></ol><ul><li>Press &#34;Import Wallet&#34;.</li><li>Then enter the data of the wallet you want to import to OneArt Wallet (you can also import it via private key or wallet address after logging into the application).</li></ul><img src="https://academy-public.coinmarketcap.com/optimized-uploads/b3e5b5211806476da8c368e7ec798b6c.png" /><ul><li>Press &#34;Continue&#34; and then &#34;Import Wallet&#34;.</li><li>Add the selected wallets and they will appear in the OneArt Wallet app.</li></ul>​​​​<a href="https://www.youtube.com/watch?v&#61;IwBN7MOpnYE" rel="noopener noreferrer nofollow">https://www.youtube.com/watch?v&#61;IwBN7MOpnYE</a><h2 id="header-2">How many crypto wallets do I need?</h2>Well, you can have several cryptocurrency wallets. Moreover, it is advisable to have more than one wallet. Primarily for safety reasons.First of all, the risk of wallets getting hacked should not be underestimated. If you keep all of your funds in one, you are at risk of losing the entire amount.Second, if you&#39;re not worried about the risk of hacking, there&#39;s always the risk of losing the private key. With non-custodial wallets, only you are responsible for your private keys. If you lose your private key, you lose access to the wallet&#39;s assets.Also, keep in mind that not all wallets are versatile. Some are just for storing, and some are for NFTs management. The point is, if you prefer using different wallets for storing crypto, managing your NFTs, interacting with dApps, and more, create several wallets.To learn more about how the wallet works, check out the <a href="https://oneart.digital/en/faq" rel="noopener noreferrer nofollow">FAQ section</a>.<h3 id="follow-official-oneart-channels-to-find-the-latest-info-and-updates">Follow official OneArt channels to find the latest info and updates:</h3><ul><li><a href="https://twitter.com/art_wallet" rel="noopener noreferrer nofollow">Twitter</a></li><li><a href="https://t.me/art_wallet" rel="noopener noreferrer nofollow">Telegram Group</a></li><li><a href="https://t.me/artwallet_official" rel="noopener noreferrer nofollow">Telegram Announcements</a></li><li><a href="https://coinmarketcap.com/community/profile/OneArt" rel="noopener noreferrer nofollow">CoinMarketCap Community</a></li><li><a href="https://www.linkedin.com/company/oneart/" rel="noopener noreferrer nofollow">LinkedIn</a></li><li><a href="https://www.youtube.com/&#64;oneart5089" rel="noopener noreferrer nofollow">YouTube</a></li></ul>

How to install and create a crypto wallet

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