How to create a wallet in the BitPay app Video

How to create a wallet in the BitPay app Video

Starting in version 6.0.0, the BitPay App lets users create multiple wallets which share the same recovery phrase. This new feature simplifies the wallet’s recovery and portability.

Before proceeding, make sure to backup your 12 word recovery phrase. You will not be able to receive any funds until you do. If you lose your 12 word phrase, you will lose access to your funds.

How to create a new wallet

To create a wallet within a new installation of the BitPay App:

  1. Open the BitPay App.
  2. Click Get Started.
  3. Enable the currencies (BTC, etc.) you want to create wallets for.
    Remember that, to be able to create ERC20 token wallets, you need to create an ethereum (ETH) wallet for gas.
  4. Scroll down and click CREATE.
  5. When prompted to protect the wallet with a password, choose the desired option. If you choose not to use a password, you can set up a password later in the wallet’s settings. If you choose to set a password, you must remember that password. (I forgot my wallet’s encrypted password. What can I do?)

How to create a wallet in the BitPay app Video

If you already have one or more keys (one or more sets of wallets with a single seed recovery phrase):

 

  1. Open the BitPay App.
  2. Click the wallet icon in the tabs bar (at the bottom).
  3. Click the sign of the key where you want to create the wallet.

How to create a wallet in the BitPay app Video

4. Click Simple Wallet.

5. Choose the currency.
Remember that, to be able to create ERC20 token wallets, you need an ethereum (ETH) wallet for gas. If you don’t have one, you will need to create one.

6. On this screen you can modify the wallet name, but it is not necessary.

7. Click CREATE.

 

If you want to create a wallet under a new key:

In version 6.0.0 of the BitPay and Copay wallets, BitPay introduced the ability to create many wallets that use the same recovery phrase. Users may also create more than one key within the app. This means you can have multiple sets of wallets, with each set under the same private key and recovery phrase.

To create a new wallet within a new key, follow these steps:

  1. Open the BitPay App.
  2. Click the gear icon in the tabs bar (at the bottom).
  3. Under Crypto Wallets & Keys select the key.
  4. Click Create or Import a Key.

How to create a wallet in the BitPay app Video

5. Click New Key. (What is a shared wallet?)

6. Enable the currencies (BTC, etc.) you want to create wallets for.
Remember that, to be able to create ERC20 token wallets, you need to create an ethereum (ETH) wallet for gas.

7. Click CREATE.

8. Read the message pop-up and click GOT IT to continue.

9. When prompted to protect the wallet with a password, choose the desired option. If you choose not to use a password, you can set up a password later in the wallet’s settings. If you choose to set a password, you must remember that password.

Follow
( 0 Followers )
X

Follow

E-mail : *

Share On social Media 👇

LIKE THIS ARTICLE ?

Subscribe to receive daily updates of the latest articles delivered straight to your inbox.

Related Post



JOIN OUR NEWSLETTER

Subscribe to our Newsletter

Search

Sponsored







Sponsored



How to create a wallet in the BitPay app Video

Posted by admin on November 16, 2020

cryptocurrency


How to create a wallet in the BitPay app Video

How to create a wallet in the BitPay app Video

Starting in version 6.0.0, the BitPay App lets users create multiple wallets which share the same recovery phrase. This new feature simplifies the wallet’s recovery and portability.

Before proceeding, make sure to backup your 12 word recovery phrase. You will not be able to receive any funds until you do. If you lose your 12 word phrase, you will lose access to your funds.

How to create a new wallet

To create a wallet within a new installation of the BitPay App:

  1. Open the BitPay App.
  2. Click Get Started.
  3. Enable the currencies (BTC, etc.) you want to create wallets for.
    Remember that, to be able to create ERC20 token wallets, you need to create an ethereum (ETH) wallet for gas.
  4. Scroll down and click CREATE.
  5. When prompted to protect the wallet with a password, choose the desired option. If you choose not to use a password, you can set up a password later in the wallet’s settings. If you choose to set a password, you must remember that password. (I forgot my wallet’s encrypted password. What can I do?)

How to create a wallet in the BitPay app Video

If you already have one or more keys (one or more sets of wallets with a single seed recovery phrase):

 

  1. Open the BitPay App.
  2. Click the wallet icon in the tabs bar (at the bottom).
  3. Click the sign of the key where you want to create the wallet.

How to create a wallet in the BitPay app Video

4. Click Simple Wallet.

5. Choose the currency.
Remember that, to be able to create ERC20 token wallets, you need an ethereum (ETH) wallet for gas. If you don’t have one, you will need to create one.

6. On this screen you can modify the wallet name, but it is not necessary.

7. Click CREATE.

 

If you want to create a wallet under a new key:

In version 6.0.0 of the BitPay and Copay wallets, BitPay introduced the ability to create many wallets that use the same recovery phrase. Users may also create more than one key within the app. This means you can have multiple sets of wallets, with each set under the same private key and recovery phrase.

To create a new wallet within a new key, follow these steps:

  1. Open the BitPay App.
  2. Click the gear icon in the tabs bar (at the bottom).
  3. Under Crypto Wallets & Keys select the key.
  4. Click Create or Import a Key.

How to create a wallet in the BitPay app Video

5. Click New Key. (What is a shared wallet?)

6. Enable the currencies (BTC, etc.) you want to create wallets for.
Remember that, to be able to create ERC20 token wallets, you need to create an ethereum (ETH) wallet for gas.

7. Click CREATE.

8. Read the message pop-up and click GOT IT to continue.

9. When prompted to protect the wallet with a password, choose the desired option. If you choose not to use a password, you can set up a password later in the wallet’s settings. If you choose to set a password, you must remember that password.

Follow
( 0 Followers )
X

Follow

E-mail : *

Share On social Media 👇

LIKE THIS ARTICLE ?

Subscribe to receive daily updates of the latest articles delivered straight to your inbox.