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How to Create a Bitcoin Wallet

Jan 25, 2025

Creating a Bitcoin wallet is the first step toward holding BTC or any Bitcoin-based asset. This guide outlines how to choose a wallet, set it up, and secure it correctly.

What is a Bitcoin Wallet?

A Bitcoin wallet is a software or hardware tool that stores private and public keys, allowing you to send and receive Bitcoin. Wallets can be self-custody or custodial. Self-custody wallets give you full control of your keys.

Types of Bitcoin Wallets

  • Browser extension wallets: Operate in Chrome, Firefox, or Brave. Easy access, best for web apps.

  • Mobile wallets: App-based wallets like Leather for iOS and Android.

  • Desktop wallets: Software you download to your Mac or PC. Less convenient for on-the-go use.

  • Hardware wallets: Physical devices like Ledger used to store keys offline.

How to Create a Bitcoin Wallet

  1. Choose a wallet provider (Leather, Xverse, Sparrow, Electrum, etc.)

  2. Download and install the app or extension

  3. Write down your recovery phrase and store it securely

  4. Set up a password or biometric lock

Why Use a Wallet Like Leather?

  • Self-custody: You hold your own private key

  • Ordinals, BRC-20, and sBTC support

  • Bitcoin-native design and UI

To get started, download Leather and follow the wallet setup guide.