How to set up your digital wallet

To setup a private wallet and transfer your purchased coins, you will need to create an Ethereum ERC20 compatible Wallet. 

We recommend you use MyEtherWallet and that you install Google Chrome Add-on called Metamask. These are the only tools we support at this time.

INSTRUCTIONS

  1. These instructions will work in both a Windows and Mac environment when using a Google Chrome browser.
  2. You should take notes, recording Login and Password info and save them in several safe places.
  3. Please note – the code phrase and keys generated during the wallet setup are essential in the operation of your private wallet. If you lose that information we cannot help you recover it and your coins may be lost.  Please take the time to record them properly and store them safely.

Setting Up MetaMask

MetaMask is a tool you can use to access your Digital Wallet.

MetaMask Step 1: Visit MetaMask.io

Go to https://metamask.io and select Get Chrome Extension.

MetaMask Step 2: Add Extension

You will then be prompted to add the extension to your browser. This will add a small icon to the top right of your browser window once installed.

MetaMask Step 3: Terms & Privacy

Click on the added MetaMask icon (the Fox’s Head) to the right of the address bar. You will be guided through the Terms and Privacy which you must accept.

MetaMask Step 4: Password

You will then be asked to create a new password. We recommend using something secure and include lowercase, uppercase, numbers and symbols.
Please note: You will only be able to access this through your computer and when using Google Chrome.

Once added, you will be asked to store your details somewhere safe.

MetaMask Step 5: Wallet

You will now see your new wallet set up. By default it will be named Account 1. You can edit the name of your wallet.

Setting Up MyEtherWallet

Learning how to setup an Ethereum Wallet outside of a centralized exchange, like Coinbase, is important for any person wanting to engage in the Cryptocurrency space. Centralized exchanges carry a heavy risk – your assets can get frozen, lost, and mainly, controlled by the Government.

In addition, you are limited to holding simple currencies – like Bitcoin, Ethereum, and Litecoin in Coinbase for instance. You aren’t able to interact with any contracts on the Ethereum network or do anything besides have the coins in there.

By holding your own wallet, you can use your funds for whatever purpose – using them in different Ethereum programs, buying/selling your own custom tokens, or participating in an ICO like ZPEcoin.

By setting up your own decentralized wallet, you free your assets from being controlled by a third-party – meaning you have 100% control of your assets as they are stored on the blockchain and not a third-party server. If you’re ready let’s begin. First, head to www.MyEtherWallet.com.

Step 1: Set up your wallet

You will see a screen like this:

Choose a password, preferably something long with numbers and characters.

A good example of a password would be: V*N^vh7%T3wavZVa

A bad example of a password would be anything with your initials, middle name, dog’s name, or anything that people could potentially guess.

StrongPasswordGenerator can generate a strong password for you.

Make sure you write this password down. If you forget this password, you could lose your wallet (and funds) forever.

Once you’ve put in your password that you’ve written down, click ‘Create New Wallet’.

Step 2: Keystore file

Next, you’ll get a screen that says ‘Save your Keystore File’. This is your wallet file.

Click ‘Download Keystore File’ and copy this file to multiple locations, such as your Documents folder and an external USB drive. As the warning says on the website, do not share this with anyone. If they know your password and have this file, they can access your funds. This file is for you and for you alone.

Once you’ve downloaded the file, click “I understand. Continue.”

Step 3: Private key

Your ‘Private Key’ is another way to access your wallet, without having your ‘Keystore File’ and password.

Do not store this key on your computer. Click “Print Paper Wallet”, which will print your wallet address with the private key.

With this piece of paper, you will be able to access your wallet with the information it provides. Remember to keep this piece of paper safe – if someone has access to this, they can access your wallet.

Click “Next: Save Your Address” when you’ve got it printed.

Step 4: Unlock Wallet

Select MetaMask / Mist under How would you like to access your wallet. You will then see a button Connect to MetaMask which you need to select.

When you unlock your wallet, your wallet information will appear below, like this:

Your Address is the address of your wallet. You’ll use this address to receive funds, like ETH and custom Ethereum tokens, but most importantly, this is the key that you will need to enter into your account to purchase ZPEcoin.