How to Create a New Account with Venom Wallet
Generating the seed phrase
To use the Venom Blockchain, a user must first create a Venom wallet account. The Venom Wallet platform offers different types of accounts, including personal accounts (default) and multisig accounts for corporate use. A seed phrase is generated for the default wallet account upon creation. To create a new Wallet Account, the user can install the Venom Wallet Browser extension or download the application for IOS or Android devices By Clicking Here.
Here is a universal step-by-step guide for setting up a new account on Venom Wallet, ensuring it is secured with a seed phrase and password:
Step 1. Open the Venom Wallet extension or application and choose the option "create a new account" under the wallet setup.
Step 2. Review the decentralization policy, and if in agreement, select "I accept.”
Step 3. Click the “submit” button.
Step 4. The unique seed phrase will be auto-generated.
Once the seed phrase is generated, it is crucial to keep it in a safe environment and to never share it with anyone or any third parties as it gives access to the funds and information related to your wallet account. Click the "copy" button to transfer the words to your device, and then save your seed phrase by writing it down on a sheet of paper and storing it in a safe location. When finished, select "I wrote it down on paper.”
Step 5. Input the seed phrase words and click "confirm" to verify that you have accurately remembered the unique seed phrase. If you have successfully entered the words, you will proceed to create a password for your wallet.
Step 6. Create a password to secure your wallet transactions. The password must be at least 8 characters long and include a combination of uppercase and lowercase letters, numbers, and special characters.
Step 7. Confirm your password by entering it twice and press the "create a wallet" button. This will complete the setup process of your new account on Venom Wallet.
To ensure an additional backup of the seed phrase, you can backup the seed phrase on your PC by using the Venom Wallet extension. Click on the profile icon in the upper-right corner and select "manage seeds," then choose "backup all." The extension will automatically generate a .json file on your device. This file can be used to restore the seed phrase at a later time. It's important to remember to store it securely.
Congratulations, you have successfully created a new default wallet account with a secure seed phrase on Venom Wallet! Remember to keep your seed phrase and password safe, and to store the backup of the seed phrase in a secure location.