Learn How to Create a Crypto Wallet to Store Your Winnings at Punt!

If you’re playing online casino games using crypto, then you’ll need a trusted crypto wallet to deposit your bitcoin and store your funds after cashing out your winnings. Don’t know how to create a crypto wallet or set one up? This 5-minute guide has all that covered.

How to setup a bitcoin wallet, how to find the best wallet for online gambling, and how to use a crypto wallet are all included in this bitcoin wallet guide. Got a sec? Then let’s get you banking with bitcoin so you can bust your moves on our best online casino games with your bitcoin bonuses from Punt.

What is a crypto wallet?

Because cryptos are a digital form of currency, you’ll need a digital wallet to store your funds – a crypto wallet, to be precise. Once you’ve got that sorted, you can start taking advantage of the many benefits of bitcoin gambling at Punt.

So, what is a crypto wallet, and where do you get one? We’ll cover the “how to get a crypto wallet” shortly. But for now, let’s have a look at what a crypto wallet actually is.

In short, Crypto wallets safeguard your private keys but don’t actually contain any crypto. What are private keys for bitcoin? They are passwords needed to gain access to your wallet crypto funds on the blockchain. A blockchain is a distributed ledger shared on a network of computers, known as nodes. It’s basically a database that stores all transactional info in digital format across all nodes. 

You should also know that there are different types of crypto wallets. So it’s best to do your research to find the best crypto wallet for online gambling before you begin. Well, that’s the basics of what a crypto wallet is, now let’s go ahead and explain how to create a crypto wallet.

How to get a crypto wallet

Before we show you how to set up crypto wallet accounts, you’ll need to know how to get a crypto wallet downloaded from the web. This is fairly simple, and requires a quick download from the wallet provider’s website. You can also download an app for mobile devices in Google Play or iStore. 

If you’re using a hardware wallet, you will need to download the software from the provider’s official website to use it on your device. Hardware wallets are used to store large sums of crypto but are not always the most convenient for online gambling. Okay, you ready? It’s time to learn how to make a bitcoin wallet!

How to set up a crypto wallet

We’re going to show you how to open a crypto wallet on a desktop device connected to the internet, also known as a hot wallet, digital wallet, or software wallet. These wallets are easier to use and will certainly get the job done when it comes to online gambling. 

However, hot wallets don’t offer as much security as hardware wallets do, so if you’re storing large amounts (perhaps you’ve won a life-changing payout on 1 of our jackpot slots), you might want to consider learning how to set up crypto wallet hardware devices.

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But for now, let’s move on and show you how to create a crypto wallet using Metamask, one of the most popular and user-friendly desktop and mobile wallets around. The process is generally the same regardless of the bitcoin wallet you choose, or the type of hot wallet you decide to use, so pay attention – the rest is free!

How to open a crypto wallet with Metamask

What you will need:

• A mobile or desktop device connected to the internet.
• Valid email address.
• A secure password containing letters, special characters, and digits.
• Paper and a pen or other means of writing down your recovery phrase.

-An appetite for big wins, because once you’ve learned how to open a crypto wallet, you’ll be set to make your first bitcoin deposit at Punt Casino.

Step 1

Download the app from a trusted source, preferably the Metamask website, the Google Play store, or from iStore. The same goes for mobile devices, you know the drill. Once downloaded and installed, you will be welcomed to Metamask with a reassuring message. Proceed by clicking “Get Started”.

Step 2

You will then have the option to “Import using Secret Recovery Phrase”, which is applicable only if you have an existing wallet crypto account. Or, “Create a new wallet”, which is how to setup a bitcoin wallet for the first time.

Step 3

Here’s the part where that super-secure password of yours comes into play. The third step for how to create a crypto wallet is inserting your password in the field provided, and confirming it. If your device has a biometric fingerprint security feature, you can also opt to log in to your crypto wallet using this method in future.

Step 4

Once your password has been created and confirmed, you will be given the option to secure your wallet crypto funds by saving your secret recovery phrase. You can skip over this, but sooner is better than later. Click or tap on “Start” to view your recovery phrase and save it.

Step 5

Your recovery phrase will then appear on the screen. The recovery phrase is a sequence of different words and works only if the words have been arranged in the correct sequence. Metamask suggests that you write it down and keep it safe, but you can also take a photo – remember to keep it safe! 

Step 6

Once you have written down your recovery phrase or stored it in a safe place, you will be asked to confirm it by placing the words in the correct sequence within the fields provided. Don’t worry, we’re almost there. Soon you’ll have all the knowledge on how to make a bitcoin wallet of your own. Then you can finally start playing our payout-packed casino games.

Step 7

Once you’ve confirmed your recovery phrase in the correct sequence, click “Complete Backup”. Remember to keep your recovery phrase safe, you might need it one day to access your wallet on a new device. You don’t want to go through the process of learning how to make a bitcoin wallet all over again!

Step 8 – Congratulations!

You’ve finally learned how to set up a crypto wallet! You can then click on “Done” to proceed and purchase your first crypto using debit or credit cards and various other payment methods depending on your region.

How to use a crypto wallet

Want to know how to send crypto using a bitcoin wallet? Here’s a thorough explanation from another leading crypto exchange and wallet provider, Coinbase:

You can also read our blog on how to deposit your bitcoin at Punt Casino, or you can use our extensive Bitcoin Guide for a full run-through on how to create a crypto wallet with Coinbase.

Whip out your wallet and fill it with wins at Punt!

Now you know how to open a crypto wallet of your own. You can finally start making use of our revolutionary crypto banking methods at Punt Casino to start chasing those jackpots. If you’re a first-time Punter, remember to claim your casino welcome package – a 150% bonus on your first deposit and 500 free spins are waiting just for you.

Ethan

With over a decade in the online gambling industry and a passion for all things crypto, Ethan offers valuable insight into playing at Punt with in-depth reviews, gambling guides, and informative content to help our readers make the best of their Punt Casino experience. Get all the ins and outs of crypto gambling with Ethan and our team of gambling experts right here, on the Punt Casino blog.