How to Set up a Crypto Wallet

How to Image
A guide to downloading and setting up your non-custodial Rabby Wallet. You can create a new wallet or connect an existing software or hardware wallet.

Having a crypto wallet is an important step on your web3 journey. In this article, we’re going to show you how to download and set up a wallet. 

There are many different kinds of crypto wallets. But to keep it simple, we’ll focus on self-custodial applications. These are web3 wallets that give you total control over your keys and assets. One such wallet that is easy to pick up and use is Rabby Wallet

So, how do you set it up? 

Step 1: Download the Rabby Wallet

There are three versions: a Chrome web extension, a desktop application for Mac and Windows, and a mobile application, which is still in beta. 

Step 2: Launch Your Application

Go to your app menu and launch the Rabby app and/or extension. From here, the next steps depend on whatever platform you’re on. But first, you’ll be prompted to choose a password for the application. This will be required every time you want to open your wallet, so make sure to pick something secure but easy to remember.

All Rabby Wallet versions give you the option to add existing accounts. This can be from hardware, institutional, or mobile wallet applications. 

Connecting an Existing Hardware Wallet to Rabby Wallet

To add a hardware wallet:

  • Select the option to connect hardware wallets
  • Connect the wallet to your device. This means plugging in the hardware wallet on your PC or connecting it via Bluetooth on mobile.
  • Once connected, open the Ethereum app on your wallet. 
  • Rabby Wallet will ask permission to connect to an HID device.
  • Click accept to complete the process.

Creating a New Wallet

The Web extension app is the only one with the option to create a new address. In fact, when you open the application for the first time, this will be the option at the top of the list of options to set up your wallet.

  • Click on create new seed phrase
  • On the next screen, select reveal seed phrase. The application will reveal 12 words listed in order. 
  • Copy the words in the exact order they are listed. 

Collectively, these words form your seed phrase, which acts as a backup, allowing you to recover your account in case you lose access. Think about how if you forget your email password, there is a Forgot Password option that lets you regain access to your account. 

In web3, this option doesn’t exist. If you lose access to your wallet, it’s up to you to recover it. So, Rabby and other web3 wallets give you a backup of your wallet in the form of a phrase. When you lose access to your wallet, you can use this phrase to recover it.  

You should write the seed phrase down and store it in a secure location. Also, you should never share it with anyone. This is because it can give them complete access to your wallet and funds.  

From there:

  • Click on I’ve saved seed phrase.
  • The next screen lets you select the addresses for your wallet, with each address representing an account. 
  • You can have multiple addresses (accounts) on a single Rabby application. However, the application can support a maximum of 8 accounts. 
  • Select the addresses you want and click done. Your new Rabby Wallet has been created. 

Rabby supports many cryptocurrencies and blockchains. These include Ethereum and 100 other chains and their cryptocurrencies, which number in the thousands. This makes it an excellent wallet as you can use it to manage a wide range of assets across different chains. 

Now that your Rabby Wallet is set up, you can add funds to your addresses and begin using them. 

About the Author

Leaderboard

Only Top 10 users qualify for monthly $100 drawing.

RankPoints
Trophy1
Jillianne R.
Diamonds119
Trophy2
Phillip W.
Diamonds119
Trophy3
Baffa O.
Diamonds119
Trophy4
James C.
Diamonds119
Trophy5
Male T.
Diamonds119
Trophy6
Ron B.
Diamonds119
Trophy7
Moses O.
Diamonds119
Trophy8
Saifu A.
Diamonds119
Trophy9
Lidya I.
Diamonds119
Trophy10
Kofi K.
Diamonds119
Trophy11
Mustafe O.
Diamonds119
Trophy12
Musa S.
Diamonds118
Trophy13
Dany T.
Diamonds118
Trophy14
Lalisa F.
Diamonds118
Trophy15
Ernest L.
Diamonds118
Trophy16
Eric A.
Diamonds118
Trophy17
John P.
Diamonds118
Trophy18
David D.
Diamonds118
Trophy19
Barry S.
Diamonds118
Trophy20
Dan B.
Diamonds118
Trophy21
James A.
Diamonds118
Trophy22
Menelik G.
Diamonds117
Trophy23
Kyakonye S.
Diamonds117
Trophy24
Asfaw I.
Diamonds117
Trophy25
Khaleeq A.
Diamonds117
Trophy26
Wayne C.
Diamonds117
Trophy27
Mohamed N.
Diamonds117
Trophy28
Hamza K.
Diamonds117
Trophy29
Genuine C.
Diamonds117
Trophy30
ALIYU Y.
Diamonds117
Trophy31
Soly N.
Diamonds117
Trophy32
David B.
Diamonds116
Trophy33
Nathan H.
Diamonds116
Trophy34
Nour E.
Diamonds116
Trophy35
Bello U.
Diamonds116
Trophy36
Nazeeh K.
Diamonds116
Trophy37
Anselme D.
Diamonds116
Trophy38
Muhammmad H.
Diamonds116
Trophy39
Sherry D.
Diamonds116
Trophy40
Abubeker A.
Diamonds116
Trophy41
Kenneth J.
Diamonds115
Trophy42
Carlos M.
Diamonds106
Trophy43
William M.
Diamonds105
Trophy44
Okello A.
Diamonds105
Trophy45
Obey T.
Diamonds101
Trophy46
Michael R.
Diamonds101
Trophy47
Lucy A.
Diamonds99
Trophy48
David C.
Diamonds98
Trophy49
Hilik T.
Diamonds98
Trophy50
Gabrielle G.
Diamonds97
Trophy51
Kimberley S.
Diamonds95
Trophy52
Mich O.
Diamonds94
Trophy53
Oyetunji S.
Diamonds93
Trophy54
Latrice S.
Diamonds92
Trophy55
THEOBALD S.
Diamonds92
Trophy56
hanad A.
Diamonds84
Trophy57
Pavan C.
Diamonds84
Trophy58
Kyarugaba S.
Diamonds83
Trophy59
Michael M.
Diamonds82
Trophy60
Rosalio S.
Diamonds82
Trophy61
Tha H.
Diamonds82
Trophy62
Hossana E.
Diamonds82
Trophy63
John H.
Diamonds82
Trophy64
PaulShultis S.
Diamonds64
Trophy65
Gashaw N.
Diamonds63
Trophy66
Jeremiah A.
Diamonds63
Trophy67
Alam Z.
Diamonds62
Trophy68
FRANK I.
Diamonds61
Trophy69
Melkamu A.
Diamonds61
Trophy70
Akeem A.
Diamonds58
Trophy71
OSAMEDE O.
Diamonds56
Trophy72
Isaac O.
Diamonds56
Trophy73
Olorunwa M.
Diamonds56
Trophy74
Yashin S.
Diamonds55
Trophy75
Erbs M.
Diamonds55
Trophy76
John S.
Diamonds55
Trophy77
Shiferaw T.
Diamonds54
Trophy78
Richard P.
Diamonds54
Trophy79
Mbongiseni S.
Diamonds54
Trophy80
Christian C.
Diamonds54
Trophy81
james_bolinda
Diamonds54
Trophy82
Ronald H.
Diamonds53
Trophy83
Sean S.
Diamonds43
Trophy84
Kenneth B.
Diamonds42
Trophy85
Aimee B.
Diamonds40
Trophy86
Jamil B.
Diamonds40
Trophy87
Muhammad I.
Diamonds37
Trophy88
Expert E.
Diamonds36
Trophy89
Raz E.
Diamonds36
Trophy90
Juma G.
Diamonds35
Trophy91
Shom S.
Diamonds35
Trophy92
Somadina O.
Diamonds35
Trophy93
Carlos P.
Diamonds35
Trophy94
Kenneth J.
Diamonds35
Trophy95
Ade N.
Diamonds35
Trophy96
jtcraw
Diamonds35
Trophy97
Bekele W.
Diamonds32
Trophy98
Glen M.
Diamonds32
Trophy99
DAVISON P.
Diamonds31
Trophy100
Martins M.
Diamonds31
Silver Trophy
Diamonds0

Countdown to next draw

days

hours

minutes

seconds

$100 Monthly Drawing.

No gimmicks, just rewards.

No hidden terms, no fine print.

Join for FREE