How To Open an Ethereum Wallet – The Ubrican

How To Open an Ethereum Wallet – The Ubrican

Live in the Know-How!

Leonida Gitonga

Ubricoin is built on Ethereum blockchain, with an ERC20 protocol. Ethereum is a decentralized platform that runs smart contracts. Now, to be at a position to purchase Ubricoin you will require a wallet.

What is a wallet?

A wallet is a medium (physical), program or service which stores public and/or private keys used to track ownership, receive and spend cryptocurrency. A public key allows for other wallets to make payments or transactions to the wallet’s address while the private keys enable the spending of cryptocurrency from your own address.

Cryptocurrency wallets are grouped into two types.
1. Online or cloud based wallets
2. Software on a computer or a mobile device.
3. Hardware with external device.
What this means is that, you can have a wallet on your android or iPhone or on your desktop/computer.

Noteworthy, there are a number of compatible wallets that accept ERC20 contract. The compatible wallets include:

1. MyEtherWallet-Online wallet
2. Metamask- Works with Chrome and Firefox
3. Mist- Desktop application.
4. Parity- a desktop application
5. ImToken- Android phone and iPhones.
6. Trust wallet- Android phone and Apple iPhone
7. Coinomi wallets- Android phones and iPhones.
8. Trezor- Connects to PS through USB
9. Ledger Nanos-Connects to PS through USB

It is highly recommended that you use MyEtherWallet if you chose to have your wallet online and Mist for your desktop wallet.

How do you go about activating your MyEtherWallet, you may ask. Below is a step by step guide.

To install MyEtherWallet complete the following steps

1. Go to MyEtherWallet.com. You will see several safety reminders. Be sure to read all of them.
2. Create a strong password that includes a combination of letters, symbols and numbers and write it down and if possible make several copies and keep them safe. Its good to note that with blockchain you don’t have an option of requesting for a password reset.
3. Click on Create New Account.
4. Save your private key. The next step is to download save and store your Keystore file, there can never be too much safety in cryptocurrency. You don’t want someone stealing your money because they know your Keystore file. Make sure you put it in a very secure location.
5. Unlock your Wallet. Use your private key or Keystore file to unlock your wallet: Copy and paste the key or upload it to unlock your wallet.
6. Use your Wallet to buy Ubricoins. Your Wallet is now fully functional. Load your wallet up with some Ether. If you already hold some, send them to your public address, it makes it easy to buy ether through coin base.
7. Next time you want to access the Wallet, go to MyEtherWallet.com click view wallet info and use your key to unlock it. Remember that you will need your private Key to buy coins.

Easy! Right? Well, by so doing you are open to the many possibilities that come with Ubricoin ownership. Open your wallet today, buy Ubricoins and start your journey into a sustainable healthy life.

BUY UBRICOIN HERE! https://ubricoin.ubrica.com/buy-ubricoin/

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Originally published at Ubrica World Cafe (UWC)

Published at Wed, 17 Jul 2019 12:55:51 +0000

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By Cryptodost on 2019-03-09 21:34:01