Create Bittensor Wallet and store your $TAO
In the following guide, you will learn how to create all different kind's of wallets to store your TAO, from a web-extension wallet to a cold-storage hardware wallet using a spare smartphone.
Another way to easily create a Bittensor wallet without installing Bittensor is by using a compatible mobile wallet. These mobile wallets allow you to manage your TAO without any issues. You should only create a wallet using such mobile wallets if you simply want to send/receive TAO. For participating in the network (e.g., mining, validating), you will need a "Local-Wallet." Follow these steps to set up your wallet using the Nova Wallet:
Table Of Contents
1. Find and Install the Nova Wallet
First, go to the 'Play Store' or 'App Store' and search for "Nova Wallet."
After finding the correct app (as shown above), install it. Then, you can begin creating your wallet.
2. Create a new Wallet
Once opened, you will find four options to choose from:
- Create a new Wallet: Choose this option to create your wallet.
- Import Wallet: If you already have a wallet, you can import it here using the mnemonic/seed phrase .
- Connect Hardware Wallet: This procedure will be explained further in the 'Cold-Storage' section.
- Add Watch-Only Wallet: Useful for adding any wallet to track the balance/transactions (only the public wallet address is required).
Choose "Create a new Wallet" from the menu.
3. Choose a Wallet Name
To create your wallet, first provide a wallet name. This information is not persistent and is only needed to identify your wallet if you have multiple wallets stored later on.
After choosing a wallet name, click the button to continue.
4. Write down the Mnemonic Seed
You will now see a warning pop-up mentioning the mnemonic/seed phrase. This is critical information, and you should store it only in a safe place, without access by others.
After securely storing your 12-word seed phrase, continue to the next step.
NEVER SHARE YOUR MNEMONIC
Anyone with access to your mnemonic/seed phrase gains full control of your wallet and can manage your tokens.
5. Repeat your Mnemonic Seed
For security reasons, you will be asked to repeat the mnemonic/seed phrase. Click the words in the correct order to proceed.
6. Set up your Security PIN
As the last step before using your created wallet, set up a Security PIN. This acts as an additional way to secure access to your wallet.
An optional feature is to enable 'bio-metric unlock,' which allows you to unlock the app securely with your fingerprint or face ID. You can accept it.
7. Check your Wallet Address
After creating your wallet, you will see many assets/tokens, each with its own wallet address. The wallet in the Nova-Wallet acts like a collection of multiple wallets.
To find the wallet address of your Bittensor wallet, click on the "magnifying-glass" icon and type in "TAO."
You will then see the wallet address at the top and a QR code that holds the wallet address as information. This allows others to quickly scan it and send you TAO tokens.
The wallet address is a unique identifier for your Bittensor wallet, typically consisting of a long string of characters. It is used to receive TAO tokens from others and can be shared publicly without compromising the security of your wallet.
Congratulations! You have successfully created a Mobile-Wallet using the "Nova Wallet"-App.