Setting up a Web3 wallet typically takes a few minutes. Normally, it's a bit more complicated than that, but if you use a wallet like fomo, it's a lot simpler. Here's the step-by-step process for creating a Web3 wallet:
Visit the official website or app store. Be extremely careful to use only official sources, as fake wallet apps are a common scam vector.
Select the option to create a new wallet rather than import an existing one. Some wallets like fomo allow you to sign up using email or Apple ID for a streamlined onboarding experience, while others require you to start fresh with a new cryptographic identity.
The wallet will generate a 12 or 24-word seed phrase. This is the most critical step:
This phrase is the only way to recover your wallet if you lose access. If you use a wallet like fomo, you can recover your wallet by signing in with your email or Apple ID and you don't need to remember your seed phrase.
Most wallets require you to confirm your seed phrase by selecting words in order. This ensures you've actually recorded it before proceeding.
Transfer cryptocurrency from an exchange, receive from another wallet, or use built-in purchase options. Many wallets now support direct fiat purchases via debit card or Apple Pay.
For example, fomo enables instant funding through Apple Pay or debit cards, making it simple to go from zero to trading in minutes.
If you want to skip the complexity of traditional wallet setup, fomo offers a streamlined experience:
You get the benefits of self-custody without dealing with seed phrases and complex setup processes.
Skip the complexity. Download fomo and start trading in under 30 seconds.
