How do I create a new wallet in the Crypto.com Wallet Extension? | Crypto.com Help Center (2024)

After you have downloaded the Crypto.com Wallet Extension, creating a new cryptocurrency wallet takes just three steps:

1. Launch the Wallet Extension and click Create New Wallet

2. Create a password for your wallet and confirm it

3. Back up your wallet’s recovery phrase by tapping Back Up Now and following the onscreen instructions

How do I create a new wallet in the Crypto.com Wallet Extension? | Crypto.com Help Center (1)

If you already have an existing cryptocurrency wallet in the Wallet Extension, but wish to add another one, you can do so by:

1. Click the hamburger icon at the Wallet Extension homepage’s top-left corner

2. Click Create Wallet. Alternatively, you can import a wallet by selecting Import Wallet instead.

How do I create a new wallet in the Crypto.com Wallet Extension? | Crypto.com Help Center (2)

Your recovery phrase secures the assets in your wallet and allows you to retrieve them even if you lose your device or delete the Wallet Extension. We strongly recommend that you write it down and store it in a secure location. Please refer to this FAQ for more details on backing up your wallet’s recovery phrase.

Related Articles

What is the Crypto.com Wallet Extension and how do I download it?

How do I import an existing wallet to the Crypto.com Wallet Extension with its recovery phrase?

What methods can I use to import a wallet to the Crypto.com Wallet Extension?

How do I purchase cryptocurrency in the Crypto.com Wallet Extension via the Crypto.com App?

How do I connect the Crypto.com Wallet Extension to the Crypto.com App?

How do I create a new wallet in the Crypto.com Wallet Extension? | Crypto.com Help Center (2024)

FAQs

How do I create a new wallet in the Crypto.com Wallet Extension? | Crypto.com Help Center? ›

Is it OK to have multiple crypto wallets? Absolutely. Having many wallets can enhance the security and organization of your assets.

How do I create a new crypto wallet? ›

How to set up a crypto wallet
  1. Pick a wallet app and download it on a desktop or mobile device; many software wallets have both options.
  2. Create an account. ...
  3. Write down your recovery or “seed” phrase. ...
  4. Add crypto to your wallet.
Mar 8, 2024

Can I have more than one crypto wallet? ›

Is it OK to have multiple crypto wallets? Absolutely. Having many wallets can enhance the security and organization of your assets.

How do I create a wallet extension? ›

Getting Started: Wallet Extension
  1. Step 1: To get started, please install the Coinbase Wallet extension from the Chrome Web Store.
  2. Step 2: Choose 'Create new wallet'.
  3. Step 3: Securely back up your 12-word recovery phrase. ...
  4. Step 4: Verify that you saved this recovery phrase before moving onto the next step.

What is crypto.com wallet extension? ›

Crypto.com | Wallet Extension provides a simpler and secured way for users to access DApps and confirm transactions under different modes. You can confirm transactions directly on desktop browsers without having to launch the DeFi Wallet app with Crypto.com Standalone Extension.

How do I create a second crypto wallet? ›

How do I create a new wallet in the Crypto.com Wallet Extension?
  1. Launch the Wallet Extension and click Create New Wallet.
  2. Create a password for your wallet and confirm it.
  3. Back up your wallet's recovery phrase by tapping Back Up Now and following the onscreen instructions.

How do I create my wallet account? ›

How to Create a Crypto Wallet
  1. Step 1: Select a software wallet app. ...
  2. Step 2: Download the wallet app to your phone or computer. ...
  3. Step 3: Create an account. ...
  4. Step 4: Transfer your assets. ...
  5. Step 1: Select the hardware you want to use. ...
  6. Step 2: Purchase the hardware and install required software.

Can you have 2 crypto com wallets? ›

Please note that you can only connect one wallet to your Crypto.com App account at a time.

How many crypto wallets can be created? ›

You can create as many wallets as you want to organize your funds or for different purposes. However, it's important to keep your private keys secure and backed up to ensure you don't lose access to your Bitcoin.

Can you have more than one digital wallet? ›

Yes, you can have multiple digital wallets. Many users choose to have multiple digital wallets for various purposes, such as personal and business use or to segregate different financial activities. Having multiple wallets can help you manage your finances more efficiently and cater to specific needs or preferences.

Are crypto wallet extensions safe? ›

Others, however, like extension-based crypto wallets, require broad permissions (i.e. the ability to “read and change all your data on the websites you visit”) and have access to sensitive personal/financial data. This introduces more risk.

What is the safest wallet extension? ›

Coinbase Wallet extension is the safest and easiest way to use crypto apps in your browser.

How do I update my wallet extension? ›

Click the Extension Icon. Click the 3 horizontal lines (Menu) to open the menu and select "Manage Extension." Click "Developer Mode" in the top right of the page. Click "Update" at the top.

What is the difference between crypto com and crypto wallet? ›

The Crypto.com DeFi wallet is a non-custodial digital wallet that lets you store, swap, and earn interest on tokens or transact with decentralized apps (dApps). It's different from the custodial Crypto.com app wallet in that you get full access and control over your private keys.

How to setup a crypto wallet? ›

Self-custody wallets
  1. Download a wallet app. Popular options include Coinbase Wallet.
  2. Create your account. Unlike a hosted wallet, you don't need to share any personal info to create a non-custodial wallet. ...
  3. Be sure to write down your private key. It's presented as a random 12-word phrase. ...
  4. Transfer crypto to your wallet.

What is the easiest crypto wallet to create? ›

The most popular and easy-to-set-up crypto wallet is a hosted wallet. When you buy crypto using an app like Coinbase, your crypto is automatically held in a hosted wallet.

Does it cost money to create a crypto wallet? ›

The average cost to develop a crypto wallet app on the blockchain is around $15,000 for a simple crypto wallet and around $200,000 for one with extra/complex features.

Can I create my own digital wallet? ›

To create a digital wallet, you will need a reliable app development team that can design and build the application. Additionally, you'll require secure data storage infrastructure and integration with payment gateways or banking networks.

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