Business,Operations,Guide,Module 2.3
Module 2.4
Creating a New Wallet
Now that we’ve covered the theory, let’s walk through creating a new non-custodial wallet. There
are many wallet providers; here we will use Rabby as an example, since it’s a widely used wallet for Ethereum and other networks. Rabby can be installed as a web browser extension or a mobile app. (If you prefer another wallet like Trust Wallet, Metamask, or a hardware wallet initialization, the general steps are similar in concept.)
Steps to Create a New Rabby Wallet:
Install Rabby: Go to the official rabby website (https://rabby.io) and download the extension for your browser (Chrome, Firefox, etc.) or install the mobile app from the official app store. Important: Only download from the official source to avoid fake apps.
Initiate Wallet Setup: Open Rabby. You will see an option to “Create a Wallet” (since you are new). Rabby will also offer to import a wallet if you have a seed phrase – that’s for recovery, which we won’t do now. Choose to create a new wallet.
Secure Your Secret Phrase: Next, Rabby will generate a 12-word seed phrase for you. It will display the words on screen. Rabby usually makes you click to reveal them, and then it will have a confirmation step. At this point, carefully write down the words in the exact order given, on paper. Double-check spelling (words are all common English words). Do not store this digitally or share it. Some wallets may ask you to confirm a few of the words to ensure you copied them correctly. Complete that verification.
Create Password: Some wallets may ask you to set a password. Note: This password encrypts your wallet on that device – it is not the seed phrase. It’s like a local PIN. Choose a strong password you won’t forget. This password alone will not recover your wallet on a new device (only the seed phrase can do that), but it prevents someone with access to your computer account from opening Rabby easily.
Finish Setup: Once you’ve confirmed the seed phrase, your wallet is created. You now have a new Ethereum account/address (Rabby by default creates one address to start). You can see the public address (a long hexadecimal string starting with 0x) in the interface. This is your account’s public key/address that you can share to receive funds. The corresponding private key is securely stored by Rabby (encrypted by the password you set), and the seed can regenerate it if needed.
Backup Verification: As an extra measure, you might want to test that your written seed phrase works before you actually fund the wallet heavily. You can do this by trying to import the seed into another new installation (or a different wallet app that supports BIP-44 seed phrases) and see if you get the same address. However, only do this in a secure environment – for most users, keeping the paper safe and not repeatedly exposing the seed is preferred. The key point is to be absolutely sure you have the seed recorded correctly. If you ever lose access to your device and need to recover the wallet, those words are your lifeline.
Your new wallet is now ready to use. You have full self-custody of it. The next step is usually to fund your wallet (since a brand new wallet starts empty). We’ll cover funding and using the wallet next. But before that, a reminder on security: if this wallet will be used for Bittrees operations or to hold significant amounts, consider pairing it with a hardware wallet device or at minimum keep the seed very secure. For any highly sensitive access (like controlling treasury funds), a hardware wallet or multi-signature setup (Module 3) is recommended rather than a stand-alone wallet extention on a computer.