How To Create An Ether Wallet
Condor tokens are ERC20 tokens, meaning they fall under the umbrella of the Ethereum network. Condor tokens are sent and received via Ethereum transactions. Accordingly, those purchasing Condor tokens can store them on an Ethereum wallet.
An Ether wallet is responsible for holding all of your Ether and Ether-based tokens. Below is a brief overview of how to create an Ether wallet with MyEtherWallet. MyEtherWallet is an open-source project that allows anyone to create a wallet and interact with the platform.
Steps To Create An Ether Wallet
- Download the latest version of MyEtherWallet from this link. You’ll want to download “etherwallet-v…” and not the chrome extension that is available. This will download a zip file. Unzip the file once it’s downloaded. Then, select “index.html” to launch the program.
- Turn off your internet. The following steps will allow you to create a unique password-protected Ethereum wallet. Generally speaking, the less time your wallet spends online, the safer it will be. Those looking for maximum security will create a wallet on an air-gapped computer. These computers are never connected to the internet, minimizing the risk of being hacked.
- A screen will appear that allows you to create your new wallet. When prompted, enter a secure password that you won’t forget. If your password is intricate, it may be beneficial to write it down and store it elsewhere. Once you’ve typed in your password, select “Create New Wallet.”
- Select “Download Keystore File” to then save your wallet. It’s recommended that your wallet is saved to an encrypted USB stick. The keystore file cannot be recovered if lost. Once downloaded, continue by selecting “I understand. Continue.”
- You will then be presented with your private key, which is a plain-text version of the keystore file. This is not password-protected, and there’s no need to save it. Some users prefer to print a “paper wallet,” which will protect you in case you lose the keystore file or forget your password. If you’re concerned about losing your wallet, print the paper wallet and put it in safekeeping. It’s also recommended that you never give your private key to anyone. After this is completed, select “See my address.”
- You will be brought to screen that says “View Wallet Info.” From here, select your wallet and enter your password. Once accessed, you’ll be able to see your public address, Ether balance, and links to all transaction history. Your public address should not be given to anyone unless you expect to receive Ethereum from them.
Congratulations! You can now send and receive from your secure MyEtherWallet. Good luck!