Singbit platform delivers coins to any wallet that you select.
This step-by-step guide walks you through the setup of your cryptocurrency wallet.
What is a Wallet?
Cryptocurrencies like bitcoins are held in Wallets. Wallets hold the public and private keys required for transactions. A wallet can take the form of a downloadable app, a piece of specialist hardware or simply a piece of paper.
To download a bitcoin wallet for free, visit: www.blockchain.info/wallet.
To download an ethereum wallet for free, visit: https://www.myetherwallet.com/
Note: if your wallet is rejected when placing an order, make sure that you're entering the address, not the ID. The address will start with either a 1 or a 3, and will contain 26-35 alphanumeric characters.
Tip: You can always check the status of your wallet by adding the address at the end of this URL: https://blockchain.info/address/ (e.g. https://blockchain.info/address/1dice8EMZmqKvrGE4Qc9bUFf9PX3xaYDp).
To create a Blockchain.info wallet:
Step 1: Download and install
Go to https://blockchain.info/wallet and click on the “Get a free wallet” option on your top right corner.
You will be taken to the “Create my wallet” page.
Step 2: Log in to your wallet
Fill out your email and password- be sure to use an email that only you have access to.
! Do not forget to use a strong password. Once your account is created, you will be given a wallet ID. You will need to keep this ID stored because it is the only way for you to access your wallet.
Step 3: Managing your wallet
Managing your wallet is very simple at blochain.info :
After logging into your wallet, you arrive at the Dashboard. The Dashboard is like the control room from where you will access all the wallet features.
On the right of your screen, you will find the general menu. On the menu, you can find several options such as changing from your Bitcoin wallet onto your Ether wallet. From top to bottom you can find Buy & Sell Bitcoin, Exchange, Security centre, Settings, and FAQ (which is pretty helpful).
Buy & Sell Bitcoin: Using this option you will access a new menu where you can buy and sell Bitcoin and track your order history.
Exchange: This will allow you to exchange Bitcoin for Ether and vice-versa.
Security Centre: The security centre enables you to easily access the security settings
Settings: The settings will let you manage and access general information related to your wallet and transactions. You can also use this option to check and manage your addresses and security. In the settings, users also have the option to pair their Blockchain.info wallet with their mobile phone.
On the Dashboard you can also find the FAQ and the Send and Request Bitcoin options.
Ensuring the security of your wallet:
Security is the most important part of the setup process.
Once you create your Blockchain.info wallet, be sure to add your mobile phone number and activate the Second Factor Authentication (2FA) feature. You can either use the SMS message option to set up the 2FA up or you can use the Google Authenticator app, which we strongly advise you to use.
! Note that you should always pay attention to your secret keys as they are the only thing that will grant you access to your coins.
To manage all the security features, you will need to go to the settings on your Dashboard menu. All the security options are very straightforward to use. The security features settings include:
Recovery phrase: Users can set up a recovery phrase which can be used to restore all funds in case of a lost password or a loss of service at Blockchain.info.
Password Hint: Blockchain.info never stores your password on its servers. This option allows a user to create a memorable password hint that can be sent to the verified email address in case of a forgotten password.
Second Password: For increased security, you can choose a second password to protect your funds. This password will be asked every time you want to spend your funds.
2-step Verification: This is the most important feature to protect your account. 2FA protects your wallet from unwanted access. You can decide to use your mobile phone number or a free app to secure your wallet. We recommend Google Authenticator.
Remember 2-step Verification: If you activate this feature, every time you log out for a short period of time, the browser will allow you to log in without re-authenticating using the 2FA again. Note that this will only happen for a certain amount of time.
Sending and Receiving crypto coins:
Sending and requesting Bitcoin through the Blockchain.info wallet is also super easy. When you access your wallet and get to the Dashboard you will certainly see the two options almost in the middle of the screen.
The option to the left is the Send option and the one to the right is the Request option.
When you select the Send option, it will bring up a popup menu where you will need to fill with the correct information. On the top of the menu, you can choose which currency to send. Below, you will need to paste the Address to which you want to send funds to as well as the amount. You can also add a Description for the specific transaction (this helps you track your spending) and you can choose the transactions fee, which you can choose between regular and priority.
To request funds, the process is exactly the same, but in this case, all you need to do is to select the amount you want to be sent to you and select next. A link will be then generated. You can use this link to send a Payment link to the person or company that will send you the funds.