3 steps to setting up an Ethereum wallet quickly, not the slow boring way

ethereum-wallet

So you’ve decided you want to get started with Ethereum because everyone’s talking about it and you feel like you’re missing out. Whether you’re looking to trade the currency or mine it, you can’t do either without a wallet. Luckily setting up a wallet isn’t all that hard, but it isn’t completely straightforward, which is why we put together this simple guide. Before we dive into the three steps you’ll need to follow to get you shiny new Ethereum wallet ready to rock there’s a quick bit of knowledge we need to drop.

There are two different kinds of wallets, a desktop wallet and an online wallet. For now, here’s all you need to know. Online wallets aren’t great as a primary place to store your coins. They can get compromised, and when that happens, yeah, uh, you lose all your money, or ether. So we’re going to walk you through setting up a desktop wallet since we’re nice people and we don’t want you to lose all your ether.

Mist is the wallet that seems to be all the rage right now so we’ll be walking you through how to setup an Ethereum wallet using Mist in this tutorial because, well, everyone else is doing it. Just follow the steps below and in three easy steps you’ll be ready to trade or mine Ethereum.

Step 1: Download the Mist wallet

This may sound incredibly easy but it’s actually a bit funky. Unlike most applications you install, the Mist wallet doesn’t have a big bright download button that detects your operating system and downloads the right version for your computer. Instead, you’ll need to go to the Github repository for Mist (geek for where code goes) and select the right download for your OS. You’ll need to scroll down to the downloads section…it looks like this:

mist-wallet-download

Step 2: Open the wallet application

Once you’ve downloaded the Mist wallet it will make a folder called Mist wallet, nope, that would make too much sense. Instead, on Windows it makes a folder called win-unpacked, intuitive right? Well in that folder you’ll find an application called Ethereum wallet, open that and you’ll see a screen that looks like the image below. Now you’ll have to make yourself some coffee, heck it takes a while you could probably brew your own beer while it’s happening.

ethereum-wallet-downloading-blockchain

Step 3: Click “Launch Application”

Duh. Once the blockchain is all good to go you click the words at the bottom below the progress bar that say Launch Application and, what do you know…it launches the application. You’ll now see a window like the one below:

ethereum-wallet-main-screen

Your wallet address, which is that crazy long string below Main Account that starts with 0x is what you’ve been waiting for. You’ll need that to do all the fun stuff you plan to do with your Ether. Now go forth and conquer! Oh and if any of these steps change over time, please be a good sport and let us know in the comment section below.

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