# Crypto Wallet & How to setup

A crypto wallet is a software application on your mobile devices or computer that allows you to store and transfer your cryptocurrency from one place to another, just like a bank application allows you to send money from your bank account to another.\
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**Types of Crypto Wallet**\
\~ [Metamask](https://play.google.com/store/apps/details?id=io.metamask)\
\~ [Trust wallet](https://play.google.com/store/apps/details?id=com.wallet.crypto.trustapp)\
\~ [Safepal](https://play.google.com/store/apps/details?id=io.safepal.wallet)\
\~ [Phantom wallet](https://phantom.app/download)\
\~ Algorand wallet\
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These are all mobile applications and are available to download for free on the Google play store and IOS store.\
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**How to set up a Trust wallet account after downloading**\
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We will be using Trust wallet as an example here, pls refer to this guide <https://community.trustwallet.com/t/how-to-create-a-multi-coin-wallet/41> to learn how to set up your trust wallet. The way to set up the other wallets on the list above are almost the same like Trust Wallet.\
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⚠️ **Note:** You will come across something in the wallet setup process called - **Recovery Phrase, Seed Phrase, or Private Key,** depending on which wallet you setting up. What you need to know is, you must never share these phrases or keys with anyone, as they are your keys to your wallet, if anyone has them, they can steal all the crypto you've stored in your wallet. Make sure to write them on a piece of paper and store them somewhere safe only you can access, not recommended to store on your WhatsApp, email, or SMS, because they can get hacked.\
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**Crypto Exchange setup**\
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A crypto exchange is very essential to get you started on your crypto journey, a crypto exchange allows you to buy crypto with fiat (naira, cedis, usd). \
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The most recommended crypto exchange is [Binance](https://accounts.binance.me/en/register?ref=39847400): register an account by clicking [here](https://accounts.binance.me/en/register?ref=39847400).  \
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Another top recommended and user-friendly crypto exchange is [MEXC](https://m.mexc.com/auth/signup?inviteCode=1EWNk) (click to register on MEXC)\
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(This article will assist you in creating your Binance account <https://www.binance.com/en/support/faq/c780097f75dd450a82d17f1e84153276>)

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