Viberate contribution guide — step 1: Get Ethereum wallet

Viberate
Viberate — Music Data Company
7 min readAug 11, 2017

The first step in becoming Viberate’s investor is the creation of an Ethereum wallet. You can choose from a variety of choices, just keep in mind that it has to be ERC20 compatible. Below are the instructions for setting up various free ETH wallets.

MIST ETH WALLET

To generate a new Mist Wallet, go to https://github.com/ethereum/mist/releases. Scroll down to “Downloads,” and choose the release as per the system you’re using. Choose “Ethereum-Wallet-YourSystem.” This guide works through the installation of the wallet for Windows OS i.e. Select Ethereum-Wallet-installer-0–9–9.exe (or newer version if available). Once you click on the link, it’ll automatically start to download the .exe file. After it downloads, double click and install it. Once it finishes, launch the application.

After you launch, you’ll see this:

Once the node starts syncing you can click “Launch Application.” You’ll be asked to choose the network — choose ‘USE THE MAIN NETWORK’ option.

Do you have a wallet file already? You can easily skip this step if you weren’t involved with Ethereum Pre-sale or if you don’t own any older wallet files.

In the next step choose your password. Protect your account with a strong password. Enter a strong password and remember it. Seriously! You cannot EVER change the password of this account once it’s created. So, remember the password.

Once you create your password a main account will be created, and you will be prompted to backup your keyfiles and password. Store them on several locations (a USB flash drive, a different computer, an offline disk,…) to ensure that it doesn’t get lost. Click “NEXT,” which will create your main account.

The Ethereum wallet now asks you to load up your main account. You can easily skip this step or load it up if you have previously acquired any Ethereum on sites that sell Ethereum. The wallet also presents an option to use Shapeshift, which converts cryptocurrencies based on their current price. For presentation purposes we’ll skip this step and click “NEXT,” since loading your account with Ether can be done in the main menu as well.

This is what the Wallet’s overview screen looks like. At the top of your Wallet overview screen, you’ll see the info related to the sync status of your node. If the node has stopped syncing (e.g. zero peers or block number not changing), try restarting the Wallet app or wait a bit. Under “Accounts” you can see the number of accounts and Ether balance in each. The highlighted address is your main address, which can be used to send and receive Ether.

You have successfully created an Ethereum wallet. Store your password in a safe place. Don’t share your password with anyone as this can lead to loss of all your currency.

MYETHERWALLET.COM

To generate a new wallet, go to MyEtherWallet (https://www.myetherwallet.com/) and choose a strong password (we recommend at least 15 random characters) on the welcome screen. Click on the “Create New Wallet” button to confirm.

Download your wallet keystore file in the next step. The Wallet’s filename consists of a string of characters, starting with UTC-2017. Save the file in at least 2 different safe locations such as cloud storage or a USB key. After you’ve downloaded the keystore file, click “I understand. Continue.” to proceed.

This page is very important. You will be presented with your Private Key info. The Private Key can unlock your wallet in case you forget your password. It’s the most important information — it’s recommended that you save it to at least 2 to 3 different locations and that you don’t share your Private Key with anyone. It’s like the key to your home — you don’t share it with strangers. Besides storing your Private Key in digital form, you can also print a paper wallet. Just click on the “Print” button and save the printed wallet in a safe and dry location. You can also use a hardware wallet, such as Ledger Nano or Trezor, to keep your Private Keys safe. To proceed click “Next: Save Your Address” button.

To access your wallet you need to first unlock it with the previously stored keystore file and your password. On the unlock screen choose “Keystore File (UTC / JSON),” then select your wallet file and enter your wallet password. If everything is correct, the “Unlock” button will appear.

You can check your wallet balance by clicking the “View Wallet Info” tab. There you’ll see your public account address (used to receive ETH or other tokes, such as VIB), account balance and token balances. Save your public address for later. Treat your public address as you’d treat your traditional bank account number — you can share it with others, so they can send you ETH or tokens.

IMPORTANT: You can share your public address but DON’T share your keystore file or private key.

PARITY

To generate a new Parity Wallet, go to https://parity.io/parity.html. Scroll down to “Downloads,” and choose the release as per the system you’re using. This guide works through the installation of the wallet for Windows OS. Once you click on the link, it’ll automatically start to download the .exe file. After it downloads, double click and install it.

When the installation finishes, a browser window will open, presenting you with the initial setup process. Click “NEXT.”

You’ll be presented with security warnings and a “Disclaimer of Liability and Warranties.” Scroll down to the bottom of the page, and accept the terms and conditions in order to continue the setup.

On the next screen we will create a new account for our Parity wallet. First choose an account name for your wallet. Enter a password hint to help you remember in case you forget your password. Next, select a strong password. Use lower and uppercase letters combined with numbers and symbols. In the bottom row you can choose an avatar. Once you’re satisfied with your selection, click “CREATE.”

Recovery: On this screen we’re presented with our ether address and a set of random words. When recovering your account, you’ll have to enter these words in the exact order to unlock your account. Save them to several different locations — keep them safe and secure, as they allow full and unlimited access to your Parity wallet. You can even print the phrase by clicking “PRINT PHRASE” on the bottom of the page. Once you’re done storing the phrase, click “NEXT” to complete the setup.

Step 5. You’ve successfully created your Parity wallet. Click “CLOSE,” which will take you to the main screen of your Parity wallet.

We are now located on the main interface of our newly created Parity wallet. We highly suggest you follow the short informative tutorial that the Parity team created, which explains the functionalities the wallet offers.

Congratulations on creating your Parity wallet. Keep your password and your phrase always safe and secure!

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