all right.
in this video, we're going to talk about setting up some actual wallets for bitcoin, monero, and litecoin.
now we've kind of covered at a high level what wallets i prefer and what wallets you probably should use.
but this really comes down to opinion.
so a lot of people might have a different opinion on which wallet you should use and why.
so do your own research here to determine what you find is best.
but i'm going to go through my favorites that i think we should use and the ones we will use throughout this course.
so jumping over to a web browser here, we can see a few examples i've pulled up here that i enjoy.
so for bitcoin, electrum is my go- to for a local wallet.
electrum's the best one to use and it actually is built into the tails os.
so if you're going to use tails, you're definitely using electrum anyways.
to actually download electrum, pretty straightforward.
just go to their download page and you can click any download you want.
again, this is built into tails so you don't need to download it, but we will download it on windows here to show you how to actually set it up here in a minute.
for monero itself, using the actual monero wallet from getmonero dot org, the monero gui wallet is honestly one of the better ones.
it's super easy, great to use built in.
this is one of the best ones to use.
if you want a different type of wallet from not from a 3rd party, feather is a fantastic wallet.
it's litecoin like in its design.
so if you're familiar with what litecoin looks like feather, it looks very similar.
so if you like this one, it is nice to use it.
so if you like this one, it is nice and they do have an onion i two p and clearnet sites available.
if you want to go to a specific site to download, you can download it from their onion site there.
and that link is on onionlinkhub dot com for bitcoin and alternative wallet i also like is wasabi wallet.
wasabi wallet is pretty feature rich, but the best thing about it is it has coin joins built in.
so we talked about coin joins earlier.
if you aren't familiar, a quick refresher, coin joins are basically a type of tumbling where you can essentially get your coin tumbled or mixed with other people's and you get new coin out to help anonymize the trail of bitcoin usage.
so wasabi wallet has that built in very easy to use.
so if you plan on using bitcoin at any level, definitely use wasabi wallet.
and then for litecoin itself, there is actually electrum ltc.
just download that electrum litecoin client.
you can just go to electrum- ltc dot org and there's downloads there.
again, litecoin is going to be less focused on in this course because bitcoin or monero are going to be the main too.
but if you need litecoin, you can download this wallet to transfer to.
and then i would suggest converting that, which we talked about in later videos, converting it to something like monero or bitcoin.
so let's take a look at both electrum and the monero gui wallet really quickly.
for electrum itself, i'll go ahead and load up the application.
for electrum, you can see the application here.
i do already have a wallet created, but when you 1st boot it up, it will look like this and you can name the wallet.
you can click next.
you can click what type of wallet you want this to be.
for the most part, just use a standard wallet.
if you aren't familiar with what these are, we'll cover a little bit later in the advanced uses section on different types of wallet.
but actually a wallet with two- factor auth might be really good.
multi- sig also really good.
if you're on tails though, and you have persistence enabled, your standard wallet will work fine.
and then you can create a new seed as well.
and then the setup is pretty straightforward.
this is your seed for this wallet.
like this wallet at this point is now burnt because i'm recording this and people can see it.
so i can never use this wallet for anything.
because with this seed, you can get your wallet back, you can restore your wallet if you ever lose it.
if your computer completely fails, it says it right here, right?
you use the seed to recover it.
so this is the seed for this wallet, which means i'll never use the wallet because now everyone knows it and they could recover it.
and what it wants to do on the app is you will retype that seed here.
so assuming you store it somewhere safe, you type it here.
and that's pretty much it.
in future videos, we'll actually use electrum a bit.
but for the monero wallet, we'll go ahead and pull that one up as well.
and that download is just available from the downloads page here.
so go ahead and grab that onto your computer.
in this case, we're using windows right now to record this.
so we'll be on windows.
and this is the installer here.
we'll go ahead and click next.
you just got to accept the agreements very standard install process goes to your program files, c file, all of that fun stuff.
and then we can install.
once it does finally launch, it'll look something like this with a welcome page, we can click continue.
for the differences between these modes, simple mode is generally going to be the one we want to use.
if you use bootstrap or advanced, it does, as it says here, download the blockchain to your computer.
and this can cause a bit of a resource and time constraints.
if you don't have the resources on your computer or the space to actually download all of it, avoid that.
and then portable and portable mode.
if you want it on something like a usb, if you want it on a thumb drive.
otherwise, we'll just do simple for this case, understand the privacy terms there.
and then there's options here on creating a wallet.
so we can create a new wallet from hardware, which we don't have in this case.
so it doesn't matter.
we don't already have a wallet file.
so that's not, that doesn't matter.
and then we can restore from a key, restore from a seed or keys, which we also don't have here.
we're creating a new wallet and the new wallet here will just be called new wallet.
and then this is our recovery phrase for this wallet.
so you would want to actually, so you'd want to make sure just like electrum, you store this somewhere secure, somewhere safe and make sure you know it.
if you ever lose the hardware that your wallet's on, this is how you get your wallet back and you don't ever want to lose your wallet if you have money in there.
so write this down.
so when you click next, it's going to ask you to fill in a few of those just to make sure you actually saved your key.
and we did.
so we'll fill those in really quickly.
and once that's all verified, we'll click next.
it does ask for a password here.
so we'll put one in.
and then it will ask and it will tell you where it's going to save the wallet.
we'll just click create.
it'll reconfirm your password you just made.
and then you can click ok. and assuming that is done, you are completed and we'll navigate through this interface in some future videos.
but this is essentially all you need to do.
you will need to receive an arrow to this dress to start.
you have to actually have a balance in here and then you can send and receive and double check your settings as well.
and we'll go through more about that in the future.
that's about it for this video.
if you have any questions on different types of wallets or maybe you have one you really like and you want to suggest, definitely let me know.
otherwise, we'll see you in the next one.