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Creating your own secure crypto storage
Creating your own secure crypto storage
As mentioned earlier, we prioritize the safety and comfort of our customers.
As mentioned earlier, we prioritize the safety and comfort of our customers.
In order to provide maximum security for our clients' funds, we suggest you use the wallet you have imported from the paper sheet only for transit purposes and store your cryptocurrency in another intact wallet (and only you should have access to the keys that access this wallet; it should not be possible, practically or even theoretically, for anyone else to access the keys).
In order to provide maximum security for our clients' funds, we suggest you use the wallet you have imported from the paper sheet only for transit purposes and store your cryptocurrency in another intact wallet (and only you should have access to the keys that access this wallet; it should not be possible, practically or even theoretically, for anyone else to access the keys).
In order to create a new wallet, please open Electrum Wallet App and proceed to the bar on the top of your screen and press File -> New/Restore.
Then Press "Next" four times. You will be asked to choose the details of your "seed": This will be a phrase comprised of 12 words, that serves as backup of your funds.
The default values are suitable for our system, that is why we can skip through with "Next" button. You may see the details on the screenshots below; please scroll down.
Now you can see your "seed words". These should be written on the paper sheet and stored very carefully. This phrase performs the function of backing up your wallet and your funds at any other computer.
Please refer to your envelope where you can find the paper sheet entitled "Seed Words Card". We prepared this sheet for you to write down your seed phrase and store it securely, but you can use your own sheet if you want.
After pressing "Next" you will be asked to re-enter your “seeds words” to make sure you have written it down.
Congratulations! You now have your own secure wallet for storing you cryptoassets and imported paper wallet for exchanging with Newcent.
You can switch from one wallet to another by clicking on the tab with the name of the wallet (see the screenshot below). You can also open any of your created wallets at the bar on the top of your screen by pressing File -> Open.
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