Creating a NANO-wallet
(Dear reader, this story is linked to the main Story, please see HERE)
Creating an wallet for NANO is very easy and can be done within minutes.
This article will show you two different methods.
The first method is based on an wallet for a PC — here distinguished between an online wallet and a desktop wallet.
The third for a smartphone with android.
(third method is postponed, due to ongoing beta-test of android wallet)
Make sure before creating an wallet, that you have at least 15 minutes time, you are alone, sit in front of a fresh paper and have a pencil for securing your private key/seed or instead, use a dedicated USB flash drive with .txt-file for this (or use both).
I can’t point out enough. You deal here with money. Your money.
So write everything carefully down, create a strong password, store these information at a secure and secret place. If you lose your seed, you’ll lose all your funds into wallet. There is no way to recreate your seed. Be careful and act responsible!
Before starting to create your NANO wallet, please take some minutes and read the FAQs. Only some little things are required to understand.
This is not supposed to be very detailed and technical, just as much as needed to know how to securely handle with your wallet.
FAQ
- What is a seed (also called private address)?
To be technical correct, a seed is not a private address. A seed is a random sequence of letters and numbers. A seed represent your account in the ledger. Out of this seed, a series of private keys can be created (determined by an algorithm). They all belong to the seed but can be helpful for dealing with the tech behind the wallet. For the sake of keeping things simple: the seed as well as the private key(s) are your very personal account information — don’t share them with anybody.
Everybody who knows this information, has access to the funds related to this seed at the ledger. In other words, if someone else knows or have access to your seed/private address, is like sharing your bank’s account details with other persons, so that they are able to send funds without your consent/knowledge out of your wallet (seed).
For further information see this article (click)
- What is a wallet?
A wallet is a GUI (graphical user interface) which is a tool to gain access to funds related to a seed into a ledger. In other word, this tool/program/app shows all information which belong to your seed. Information like “stored” funds at the seed, received and send transactions, etc.
As well a wallet will provide the user with all functions you’ll need for storing, spending and receiving funds.
- What is a mnemonic phrase?
While dealing with seeds and private addresses you’ll know, that these random sequences are hardly to memorize and not very handy, in terms of filling a wallet with this information to gaining access to your funds.
A mnemonic phrase is another way to represent your seed/private address.
It stores all the information that is needed at any point in time to recover your funds. Treat this phrase like you treat your seed/private address (see point “What is a seed (also called private address?”).
Benefits of using a mnemonic phrase:
- Easily readable to human eyes
- Easy to store, manage, and secure
- Easy to memorize
- Easy to hide it with other words, etc.
For further information see this article (click)
- What is a public address?
A public address is very similar to your bank account number. As the word “public” states, you can share this (and only this information!!) with other people to receive funds.
If people want to send you funds, share your public address with them.
As well as if you want to send someone funds, you’ll need the public address of the recipient to send funds to this address.
Your public address is linked to your seed, but in a way no one can make conclusions about your seed. Theoretically you can generate a very high number of public addresses linked to your seed.
- What is a ledger?
A ledger is basically a database.
A database which contains all information about every seed and their linked public addresses.
Just imagine a big book, where all participants have its own personal site. All information (amount of funds, received and send funds, etc.) will be stored there. E.g. a wallet is a tool/program/app to gain access to this information.
(see point “What is a wallet?”).
- How do I receive funds?
To receive funds you have to share your public address with the person, who wants to send you funds. The sender will fill this information into his wallet and send you some funds.
See this faucet to receive your first funds while using your public address (click).
- How do I send funds?
To send someone funds you’ll need the person’s public address.
Then open your wallet, go to “send”, fill in the recipients public address and the amount of funds you’ll send to the person. Done.
- What is an explorer?
An explorer is a tool to have a look into the ledger. See this or this website for a NANO explorer. Mainly it is used to see the status of transactions or public addresses. Further, it provides you with some useful information about the network.
Method 1 — PC ONLINE wallet
This method requires no available hard drive space on your PC and is accessible where ever there is a PC and an internet connection.
1. Go to site
https://nanowallet.io
2. Click on „Sign up“ and a new window will pop up
3. Fill in your E-Mail address you have access to. Write down a password on your paper/.txt-file. To be very secure your password should consists out of lower cases, upper cases, numbers and a special character like „#“.
See the following as an example for a strong password:
(DO NOT COPY THIS, make your own!)
h2D#iPs6n2LaB3#tsK
There is no need to memorize your password, just write it down and store it safely.
4. Now you created your wallet and a new window will pop up.
This shows your private key/seed and an additional identifier (for login in into this web-based wallet).
Write this information down! Double check it at least twice!
If you can, make a screenshot, store it onto your USB flash drive (not on your PC!) or print it with your printer, to store it with your piece of paper. When done and everything is double-checked at least twice, click on „Go to your wallet“.
5. Now your wallet is finally created and you are good to go.
There you see your public address, which begins with „xrb_“
Write this public address down as well.
This address is fine to store on your PC or smartphone. You’ll need it to receive funds. So it doesn’t matter, if someone besides you see or have access to this address.
Now you successfully created your NANO online account. My advice, take the two additional steps below to test your wallet and test your written down information (log off, log back in)
6. I strongly suggest before sending funds to your newly created wallet, check your noted wallet details and make sure, you can log into your account. For this click on „Sign out“.
Now you are back at the main screen of the wallet site. Now click on „Sign in“ for log in back into your account and make by this sure, your noted keys are correct.
Enter your identifier and your password then click on „Login“
An info will occur and it says, that you have to log in into your E-Mail account and there is an E-Mail which contains a link. The link is for verification of your IP, a safety measurement of the wallet provider. Click on it or copy it and paste it into your browsers address.
A new window will open and provides you with details of your IP etc. Click on „Authorize this IP address“.
Now you can finally log in. Click again on „Sign in“ and enter your identifier and password.
Now you should be back into your wallet and see your fresh received funds. So all your notes taken for identifier and password are correct, you can use this wallet.
7. Now it’s time to receive your first transaction.
Go to site
https://www.nanofaucet.org
Enter there your public address easily by copy it from your wallet and paste it into the field below „Please enter your nano address“ and tick the little box below and finally click on „send me some NANO“.
You’ll be redirected to the side which only tell you the amount you’ll receive.
In this example my wallet will receive „We just sent you 0.001599 NANO! Check your wallet or the block explorer!“
Now go back to your wallet and welcome your first received transaction and some funds.
Congratulations, you’re now officially in cryptoworld! :-)
If you can’t login because of wrong entered login detail, your notes are wrong. Try to find the mistake, otherwise start create a new wallet and do step 1 to 7 again.
Method 2— PC desktop wallet
For this method you’ll need about 7 GB free disk space (at least) at your hard drive and some hours to leave your pc syncing and downloading the full database of NANO’s ledger.
- Go to site https://nanowalletcompany.com/
- Choose your desired OS (operating system) of your PC
This tutorial is generic for the Windows desktop wallet, but is applicable to Linux and Mac as well, slightly different.
Download the file to your PC and execute it. - After executing the file, the wallet starts to downloading data and start syncing and verifying, etc.
Just wait until everything is done and you see the next window.
Takes about 5 minutes, but of course, depends on your internet connection.
(FYI: The downloaded data is the ledger of NANO or in other words, all transactions ever made.
The data is stored in following folder onto your hard drive:
C:\Users\Home\AppData\Roaming\Nano Wallet Desktop
At the time of writing this article -12.12.2018- the size of the database requires 5.83 GB storage at your PC.)
4. Click on “Create New Wallet”.
(If you already got a seed, click on “Import Wallet” and fill in your seed to run the wallet. This requires already some knowledge of you about NANO, but this is not element of this step-by-step tutorial)
5. Now you created your wallet and a new window will pop up.
This shows your private key/seed and an additional mnemonic phrase.
Click on “Copy Seed” to copy the seed into your cache. Paste it into a .txt file and write this information down, as well as the mnemonic phrase! Double check it at least twice!
If you can, make a screenshot, store it onto your USB flash drive (not on your PC!) or print it with your printer, to store it with your piece of paper. When done and everything is double-checked at least twice, click on „Done“.
6. Now your wallet requires a password.
Take your piece of paper and/or your .txt file and write down a strong password, which consists about letter a-z, A-Z, numbers 0–9 and special characters like #.
See the following as an example for a strong password:
(DO NOT COPY THIS, make your own!)
h2D#iPs6n2LaB3#tsK
There is no need to memorize your password, just write it down and store it safely.
Then fill in the password at the required two fields.
The password is needed to open your wallet. It’s intent is to be an additional layer of security for gaining access to your wallet onto your PC.
If you lose your password you won’t lose your funds. Only if your lose your seed, you’ll lose your funds.
7. For getting access to the wallet, you need to agree to the license agreement and the privacy policy.
8. And your done, your wallet is all set!
You now see the GUI (graphical user interface) and have access to your account detail like your public address.
Technically you can start to receive or send funds, but there is one final step…
9. … downloading the ledger. As you can see depicted below as “A”, this sign signals you, that the wallet is syncing with the network. When you mouse over the sign, you’ll get some information about the current status.
Now, unfortunately, it takes some time for the wallet to fully download the full ledger. For doing so, just leave your PC running with this app open. Of course you can do other things on your PC.
For my PC and my internet connections (which both is surely under average for a german setup) it took about 3h of syncing, then the wallet was up to date with the ledger and fully functional.
Now you can see all your received funds (if there are any) onto your public address.
Click on “B” to send funds.
“C” is your public address. This address is fine to share with people to receive funds.
10. Now it’s time to receive your first transaction.
Go to site
https://www.nanofaucet.org
Enter there your public address easily by copy it from your wallet and paste it into the field below „Please enter your nano address“ and tick the little box below and finally click on „send me some NANO“.
You’ll be redirected to the side which only tell you the amount you’ll receive.
In this example my wallet will receive „We just sent you 0.001599 NANO! Check your wallet or the block explorer!“
(see this or this website for a NANO explorer)
Now go back to your wallet and welcome your first received transaction and some funds.
Congratulations, you’re now officially in cryptoworld! :-)
Method 3— Android Smartphone
1. Go to site https://nanowalletcompany.com/
will be updated shortly.
The Android wallet is still in beta. I’m a beta tester and can just say — wow. So stay tuned, shortly the app will officially be released :)
See: https://medium.com/@nanowalletco/introducing-nano-wallet-from-the-nano-wallet-company-7083537b273f
Homepage: www.adoptafamily.cc
write us: vencryfam@web.de or Telegram: t.me/adoptafamily or see us at Instagram: https://www.instagram.com/adoptafamilyproject
Donation Adresses:
NANO
xrb_3e8a6fn6sn1pihnfa6erixnd9srjrwd1nnmqz9qyz5qi4ijyywic7ar7im1g
IOTA
JTSPAMRCCUKKXOPS9FEBT9RWSTRHQMBPZZQQCFMKNFSXRXREOGSMQAXWQZVCJWWSRXUUGOZAWCZKLIVWYDGHOLBYBX
BTC
3KrcFVPtZthQdEWcyYNzvBRQedJ9RjEC45
ETH
0xea49f6d0673a423d566810ae5cadfc14e4249331
BANANO
ban_1d4i5o7k18ujjq33nkycgwk4beqt5zbw7wht65kgmww9ddykorxfqh1fwgr7
