How to create a crypto or Bitcoin wallet
Written By
Franklin IzuchukwuCrypto Writer, Business Writer and Radiographer
Cryptocurrency wallets for individuals wishing to store, send, or accept virtual currencies like Ethereum and Bitcoin. Since the use of blockchains and virtual currencies is becoming increasingly common, selecting the right type of wallet is extremely essential.
In this tutorial, you will find all you need to know about creating a crypto or Bitcoin wallet for the year 2025, including the latest security features, the easiest steps, and the latest knowledge about using cryptocurrencies.
What is Crypto Wallets
A cryptocurrency wallet is also known as computer software for storing, sending, and securely holding cryptocurrencies.
Unlike traditional wallets for holding the cash, the wallets for cryptocurrencies store private and public keys required for conducting transactions on the blockchains.
To receive a cryptocurrency from your friends, family, or business partners, all you need to do is give them the wallet address matching the coin you want to receive.
If you want to accept bitcoin, provide the sender with your bitcoin address. If you wish to receive Ethereum, give the sender your Ethereum address.
In cryptocurrency, every coin in a wallet has its unique wallet address; sending BTC to an Ethereum wallet will lead to a loss of funds, so you have to be careful and avoid making such a mistake.
You can read up on some cryptocurrency terms and abbreviations to understand the terms in this article.
Wallet Address
A wallet address, just like a home address, is a direction that leads directly to your cryptocurrency wallet. Each cryptocurrency wallet is assigned an address, which people can use to receive funds.
Wallet addresses are essentially hashed versions of the public key. Public keys are compressed and shortened to make it easier to send an address.
A crypto wallet address can come in two forms: a long string of alphanumeric characters, e.g.,
1mgi5nhsxu3ljncdar69cebpdw1uasmwcm
or a QR code. You can check out what a QR code and Bitcoin wallet look like below:
Typical example of a bitcoin wallet with a QR code and alphanumeric strings.
Different Types of Crypto Wallets
Crypto wallets fall under two categories: cold wallets and hot wallets.
1. Hot Wallets (Connected to the Internet)
- Web wallets: Accessed via a browser (e.g., MetaMask, Trust Wallet).
- Mobile wallets: These are smartphone applications (such as Coinbase Wallet and Mycelium).
- Desktop wallets are computer programs you install, such as Electrum or Exodus.
2. Cold Wallets (Offline Storage)
- Hardware wallets secure private keys, such as the Ledger Nano X and the Trezor Model T.
- Paper wallets are printed copies or written copies of your private and public addresses.
By 2025, over 78% prefer using cryptocurrencies such as hot wallets due to their ease of use, and 22% prefer using cold wallets for secure storage.
How to Create a Crypto or Bitcoin Wallet
Let us discuss the wallet and how to create a trust wallet account for your cryptocurrency.
1. Choosing the Proper Wallet
Before you create the wallet, decide the best type for your purpose:
For frequent transactions: A hot wallet (mobile or web-based) is more convenient.
For storing for the long-term: A cold wallet is more relaiable and secure.
For professionals: Multi-signature wallets provide added security.
2. Crafting a Wallet from an Exchange
Many people make one through a cryptocurrency exchange such as Binance, Coinbase, Kraken, or Bybit. This is how:
1. Sign Up for an Exchange Account
- Go onto the exchange website.
- Click "Sign Up" and enter your password and your email address.
- Complete KYC verification by providing an ID (a prerequisite for the majority of exchanges in 2025).
2. Enable Two-Factor Authentication (2FA)
- Use Google Authenticator, Authy, or text message verification for added security.
3. Open Your Wallet
- Go to the "Wallet" or "Assets" section.
- Click "Deposit" for your Ethereum account address or your Bitcoin account address.
Note
Exchange wallets are handled by third parties, and you don't possess the private keys. Consider using the non-custodial wallet for complete control.
3. Creating a Non-Custodial Wallet (Hot Wallet)
Non-custodial wallets allow you to store your private keys yourself. This is how you can create one:
Using MetaMask (Ethereum and ERC-20 tokens supported):
1. Download MetaMask from the store or the web.
2. Press the "Create a Wallet" button and create a strong password.
3. Keep Seed Phrase Safe
- Write the 12-word recovery phrase somewhere where you can easily access it.
- Please don't share with friends!
4. Check and confirm the Seed
5. Open Your Wallet and Access the Cryptosphere
- Copy your address in other to send crypto to it through other exchanges.
Using Trust Wallet (across various blockchains):
1. Download Trust Wallet on iOS/Android.
2. Press Create New Wallet.
3. Write the 12-word seed phrase.
- Verify the 12-phrase password by reentering in the provided column
4. Create your PIN or use the fingerprint/face scan.
5. Start sending/receiving crypto instantly. You can do this by sharing your wallet deposit. Click on the "deposit" section in the dash board to copy your address.
4. Creating a Cold Wallet (Hardware Wallet)
To keep your data secure, follow the steps for installing the Ledger Nano X or the Trezor Model T:
1. Get the Hardware Wallet from the main store (avoid third parties).
2. Connect your computer or phone through the use of USB or Bluetooth.
3. Set Up the Device, follow the on-screen instructions and choose your PIN code
4. Make your seed phrase secure by writing down the recovery word of 24 letters and storing it securely.
5. Get the Wallet Application (Ledger Live or Trezor Suite).
6. Transfer your Crypto into the Wallet for offline security.
Crafting a Paper Wallet (For Expert Users)
A paper wallet is an offline method of storing private keys. Here’s how:
- Visit the solid generator like bitaddress.org ( make sure you're online!).
- Generate a new wallet and print the private/public keys.
- Keep the paper somewhere safe, outreach anything that can hurt or destroy it.
Warning
Paper wallets can pose danger when lost or destroyed. Utilize them only for secure storing when offline!
Types of Bitcoin wallet
It is essential to know that there are two types of bitcoin addresses for receiving and sending bitcoin. There are
- Segwit wallet address and
- Legacy wallet address
Lower cases usually characterize the Segwit Wallet address. Segwit is the newest form of address, and it is not yet enabled on most crypto wallets.
The legacy wallet is the original and most popular BTC address, and it is a combination of upper and lower cases and numbers.
It is advised you always confirm the specific address before any transaction.
Good Practices for Crypto Wallets (2025)
Cyber threats rise by the day, thus protecting your wallet is very essential. Follow these:
- Use Multi-Factor Authentication (MFA): In 2024, over 90% of the hacks against cryptocurrencies were due to weak security.
- Avoid phishing frauds: Purchase wallets from reliable sources only.
- Keep your seed phrase secure: Keep it offline where you can protect it.
- Keep your Wallet software up to date:Updates secure it against vulnerabilities.
- Use a Hardware Wallet for Large Investments: In 2025, over 60% of long-term investors will make use of the hardware wallets.
Conclusion
Making a Bitcoin or cryptocurrency wallet is very simple now in 2025, and you can pick one for day-to-day transactions or one for keeping your hard-earned money secure for the long run.
Having knowledge about setting it up and the best security will ensure your virtual cash is secure. Want to begin your experience with cryptocurrencies now? Select your wallet and secure your investments immediately!