How to create a Blockchain wallet? Guide for beginners

Blockchain wallet is one of the earliest and most popular e-wallets in the crypto market. In this article, Market247.io will show you how to create a Blockchain wallet for beginners.

What is a Blockchain Wallet?

Before introducing how to create a Blockchain wallet, Market247.io will give you the most basic information about what is Blockchain.

Blockchain wallet is a type of electronic wallet established on the Blockchain network. This is a wallet built and developed by a software development company based in Luxembourg.

Blockchain wallets are considered electronic wallets developed to provide accessibility on web platforms or mobile devices. This enables users to easily conduct transactions in a secure and transparent manner.

Currently, Blockchain wallet is supporting 4 coins which are BTC, ETH, BCH and the latest here is XLM. One of the biggest advantages of Blockchain wallet is the extremely good security system, which brings the ability to store users' assets to the maximum, so that users can rest assured to make money transfers on the Internet. that system system

Are Blockchain Wallets Safe?

Blockchain wallets are considered by the majority of users to be very safe, however, nothing is absolute. Especially for hot wallet versions, web wallets will exist at certain dangers.

In case the user's email is hacked or 2FA is not enabled, the wallet is still vulnerable. In addition, if the user's mobile device is infected with a virus, the property may also be lost.

To avoid the above risks, here are some ways users should note and apply:

Enable 2FA for the Email used to register the wallet.
Enable 2FA for the wallet login account
Make sure your mobile device is not infected with virus
Against unsafe websites.

How to create and login blockchain wallet?

Here are instructions for creating a wallet and logging into a Blockchain wallet.

Instructions to create a Blockchain wallet

The steps to create a Blockchain wallet are quite simple. If you are wondering how to create a Blockchain wallet, you can refer to the following steps:

Step 1: The first step to create a Blockchain wallet, you access the link https://www.blockchain.com/, then click Sign up in the right corner of the screen.

Step 2: Then, a dialog box will appear on the screen. You just need to fill in the required information.

Once you have completed filling in the information, click Continue. Blockchain.com will send a confirmation Email to the Email address you have registered. You just need to confirm the Email and save the attached ID. This is the ID you use to log into the wallet. Thus, you have completed creating a very simple Blockchain wallet.

Blockchain wallet login

First, you need to log in to the link: https://www.blockchain.com/ to log in your wallet assets.

Here, instead of using a user name or email to log in, you will use an ID. After filling in the information and being confirmed by the system, the wallet will send you an email to confirm the login again. Make sure you click on the confirmation link in the Email to complete the login steps successfully.

Setup Security for Wallet

On the Blockchain wallet platform, there are currently 3 levels of user wallet account security available. To keep your assets safe, you need to enable these protection functions.

Click on “Security Center”, you will see “Two step Verification” appear. Here, the wallet will provide 3 forms of security including Google Authenticator, Yubikey and SMS code. For the most convenience during use, you should choose the security form Google Authenticator (2FA).

To make the security stronger, you should enable 12 random phrases in the Backup Phrase section. Make sure you save these 12 words, because in case of loss, you will lose your Blockchain wallet forever.

How to see bitcoin wallet address on blockchain?

To see the Bitcoin wallet address on the Blockchain wallet, after successfully logging in, click on the “Request” place to see your Bitcoin wallet address. You only need to give it to others when they need to transfer BTC to you. In case you need to use the address in the form of a QR code (usually used to transfer BTC by phone), click on "View QR Code".

Withdrawing and receiving money from blockchain wallet

To make withdrawals and receive funds on the blockchain wallet, you can do the following steps:

Withdraw money

Step 1: Log in to Blockchain.com according to the instructions above. The main interface of the blockchain wallet will be as shown below.

Step 2: Select “Send” if you want to transfer Bitcoin.

Step 3: After selecting “Send” to send Bitcoin, a dialog box will appear as shown below. Please enter the receiving wallet address and the amount of BTC you want to withdraw. After filling in all the information, click Continue to complete the BTC withdrawal order.

Receive money

Step 1: Login to Blockchain.com, then click on Bitcoin and select “Request”

Step 2: Enter your wallet address, then copy the link and send it to the recipient. So you have completed the payment transaction.

Conclusion

Above is the basic information about blockchain wallet as well as instructions on how to create a Blockchain wallet and how to make some transactions. If you have any questions about how to create a Blockchain wallet, don't forget to send us a message to get the fastest response from the Market247.io team.

FAQs - How to create a Blockchain wallet clearly?

Is a Bitcoin Wallet a Blockchain Wallet?

In the initial stage of launch, the Blockchain wallet has the main purpose of storing Bitcoin, so it is called by many people as a Bitcoin wallet. However, at present, Blockchain wallets have supported storing more coins to meet the needs of users.

Are transaction fees on Blockchain.com cheap?

Transaction fees on the Blockchain wallet are calculated based on the mining network and the infrastructure of the blockchain system is used to ensure fast and reliable transaction verification times. The higher the fee, the faster the transaction and vice versa.

About Market247.io

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