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."
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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.
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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.
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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.
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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.
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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."
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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.
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Congratulations! You have successfully created a Mobile-Wallet using the "Nova Wallet"-App.