How to create a Tezos Wallet – Step by Step Guide
Tezos is well-known to blockchain lovers. When it comes to popular coins and tokens, a usual question comes up – how do I store them? In this guide, the Guarda wallet team is breaking down the basics of choosing a Tezos wallet and securing your crypto.
What is Tezos?
Generally speaking, Tezos is a blockchain-based platform, developed in the USA. Tezos blockchain is similar to Ethereum, as dApps and smart contracts are the most important features of the network. Possible, the main feature that distinguishes Tezos from the other competitors is the focus on community input. With Tezos, everyone can help in improving the blockchain. The mechanism is, in fact, quite simple – if a user’s proposal is useful and helps to eliminate some problems or develop the blockchain, a consensus can be reached without the need of forking.
Tezos XTZ cryptocurrency
Tezos cryptocurrency (XTZ) is quite new to the cryptocurrency market. The mainnet for Tezos was launched in 2018 after an ICO completion. When it comes to the use cases, Tezos coin is mostly suitable for investments and on-chain governance.
Now, XTZ is one of the top cryptocurrencies on the market by market cap.
What about a Tezos wallet?
As usual, there are quite some criteria for choosing the best Tezos wallet. We are going to cover some of them in the following paragraphs.
Tezos Wallet security
Of course, the main factor is always safety. We are not tired to mention how data and fund security is important. We always advise the users to turn to the non-custodial cryptocurrency wallets, as they do not hold or use the client’s data. As the popular proof of keys saying goes, “your keys = your crypto”.
Wallet Community Support
Of course, this is not as important as the security of your data, but having a wallet that has your back is sure a pleasant addition. Make sure that the wallet team is active on social media and the support line answers efficiently. We know that this point is important for those who are new to the crypto space. Do not hesitate to ask questions! When it comes to Guarda wallets, you can always have your answers in our Support – the maximum time of answer exceeds 5 minutes!
The functionality of your XTZ wallet
Before choosing a wallet, check the information on its functionality. Some wallets do not have the exchange or purchase functions if you are seeking for those. Generally, the more handy features your wallet has, the better. Built-in exchanges and purchases save your time and make your wallet way more user-friendly.
XTZ wallet supported platforms
There are various types of cryptocurrency wallets: Web, Desktop, Mobile, Hardware and so on. When choosing the storage for your Tezzies, pay attention to the fact of your wallet being supported on multiple platforms. For some, it is not a necessary feature, but multiplatform wallets are more convenient for daily cryptocurrency use. For instance, you do not have to only access your wallet for the computer you have at home – just log in to you Mobile Tezos wallet and you’re good to go.
Guarda Tezos XTZ Wallet
Guarda supports Tezos among other 40+ popular crypto coins. We offer XTZ storing solutions across multiple platforms and devices. Tezos is sure one of the top cryptos, so we have added it into all the version of Guarda Wallet:
- Web Tezos Wallet
- Desktop Tezos Wallet
- XTZ Mobile Wallet (for Android and iOS)
- XTZ Chrome Extension wallet
All these wallets are easy to set up and have all the functions a crypto user needs – secure holding, fast exchanges, Tezos purchases and easy-to-perform transactions.
How to create a Tezos Wallet? Step by Step Guide
You can start managing Tezos on Guarda literally in a couple of clicks. You can learn everything you need to know about creating a Tezos Web wallet from this video:
- Go to the main page of Guarda’s Website and click Create Wallet
- You will be redirected to the Welcome Screen. In here, you will need to proceed with clicking Create a New Wallet.
- The next step requires you to think a good password for your wallet. Remember that your wallet password is the very essential security feature that should be stored out of the public eye. An important note here: Guarda Wallets are custody-free, so we do not store the information of our users – in case of a password or backup loss Guarda team will not be able to restore it.
- Now, you will need to download the backup of your Tezos wallet – keep it safe and try not to store it online.
- Your Tezos wallet is all set up! You can now store, send, receive and exchange XTZ on Guarda.