How to Create a new wallet 🛠️

This guide outlines the process of creating a Stellar wallet on Scopuly

Last updated 1 year ago

This guide outlines the process of creating a Stellar wallet on Scopuly

1. Accessing Scopuly:

Read the warning message carefully. It emphasizes the responsibility of users for securing their private keys and assets. Click “Create Wallet” only after understanding the terms.

Create a strong password and enter an optional wallet name. Choose a unique and complex password for enhanced security
Memorize and securely store your 24-word recovery phrase. This phrase is essential for recovering your wallet if you lose your device or password. Never share this phrase with anyone, including Scopuly support.
Write down the recovery phrase on a physical piece of paper and store it in a safe location.
You can also download the phrase as a text file. However, ensure this file is securely stored and encrypted if necessary.

In the “Let’s check your Recovery Phrase” window, enter the 24 words separated by spaces exactly as you wrote them down or copied.
Click “Check Phrase” to verify you have correctly stored your recovery phrase.

Carefully review the disclaimer. It clarifies that Scopuly is not responsible for lost funds due to user negligence.
Click “I accept the terms” only if you understand and agree to the terms outlined in the disclaimer.

Upon successful verification and acceptance of the disclaimer, you will see your newly created wallet.
You will be provided with:
Public Key (Wallet Address): This is the address you share to receive Stellar Lumens (XLM) and other assets.
Secret Key: This key allows you to recover your wallet if you lose your 24-word recovery phrase. Treat this key with utmost security and never share it with anyone.
Federation Name (Optional): This is a user-friendly alternative to your public key, making it easier to read and share.

Before using your wallet for any transactions, ensure all recovery data is securely stored and backed up.
Remember, losing your recovery phrase or private key will result in permanent loss of access to your wallet and its assets.

Click “Go to wallet” to access your newly created Stellar wallet on Scopuly and begin exploring the platform’s features.
Congratulations! You have now created a Stellar wallet on Scopuly.

Last updated 1 year ago

Read the warning message carefully. It emphasizes the responsibility of users for securing their private keys and assets. Click “Create Wallet” only after understanding the terms.

Create a strong password and enter an optional wallet name. Choose a unique and complex password for enhanced security
Memorize and securely store your 24-word recovery phrase. This phrase is essential for recovering your wallet if you lose your device or password. Never share this phrase with anyone, including Scopuly support.
Write down the recovery phrase on a physical piece of paper and store it in a safe location.
You can also download the phrase as a text file. However, ensure this file is securely stored and encrypted if necessary.

In the “Let’s check your Recovery Phrase” window, enter the 24 words separated by spaces exactly as you wrote them down or copied.
Click “Check Phrase” to verify you have correctly stored your recovery phrase.

Carefully review the disclaimer. It clarifies that Scopuly is not responsible for lost funds due to user negligence.
Click “I accept the terms” only if you understand and agree to the terms outlined in the disclaimer.

Upon successful verification and acceptance of the disclaimer, you will see your newly created wallet.
You will be provided with:
Public Key (Wallet Address): This is the address you share to receive Stellar Lumens (XLM) and other assets.
Secret Key: This key allows you to recover your wallet if you lose your 24-word recovery phrase. Treat this key with utmost security and never share it with anyone.
Federation Name (Optional): This is a user-friendly alternative to your public key, making it easier to read and share.

Before using your wallet for any transactions, ensure all recovery data is securely stored and backed up.
Remember, losing your recovery phrase or private key will result in permanent loss of access to your wallet and its assets.

Click “Go to wallet” to access your newly created Stellar wallet on Scopuly and begin exploring the platform’s features.
Congratulations! You have now created a Stellar wallet on Scopuly.