Setting Up a Wallet¶
Install the app¶
Blockstream Green apps can be accessed through the following operating systems and apps:
|Operating Systems Supported||Native Applications|
|Android||Blockstream Green Android Wallet|
|iOS||Blockstream Green iOS Wallet|
Each of our apps can also be used on Bitcoin’s testnet, which we recommend for testing new features or becoming accustomed with the setup process to avoid accidental loss of coins.
Create a New Wallet¶
After you’ve installed the app, you’ll have the option to log in with an existing mnemonic
, or create a new wallet. To start, click on
Create New Wallet.
At this point, the app will generate a 24-word mnemonic to function as a backup login method for your wallet. (Our wallets use the BIP39 standard for generating your mnemonic and BIP32 to derive private keys from that mnemonic).
Your mnemonic is the single most important piece of information associated with your wallet.
You must write it down somewhere safe and secret - it’s your ultimate backup.
It must be kept safe and accessible because if your app gets uninstalled, or your device gets lost or stolen, or you forget your PIN, or your PIN gets reset, then your mnemonic will let you access your coins again. Even if we at Blockstream Green get shut down or disappear, you can still retain control of your coins as long as you have your mnemonic.
It must be kept secret because if someone else can figure out or steal your mnemonic, they may be able to steal your coins (although if you have Two-Factor Authentication set up, they will need to bypass that as well…but we’ll cover that in the Two-Factor Authentication section ).
To ensure that you safely recorded your mnemonic, you will be prompted to re-enter several of the words in the correct order.
Remember: we don’t store your mnemonic in the Blockstream Green database, so we are not able to tell what it is if you lose it.
It is also crucial to never send your mnemonic over email or text to anyone ( including Blockstream Green support).
Doing so can expose your mnemonic to theft, and put your coins at risk. If you ever forget and accidentally do this, we urge you to create a brand new wallet as soon as possible and move your coins to that new wallet.
Choose a PIN for this Wallet¶
After you have recorded and confirmed your mnemonic, you will be able to choose a PIN. This is a 6 digit number that can be used to quickly access your wallet on that device and on that network.
In addition to the PIN you may also use iOS TouchID or Android’s Authentication to ease access to the wallet you just created or restored. You can set this up from settings.
It is important to keep your PIN safe and secret. If it is lost, your only option to re-access your wallet will be through your mnemonic.
Your PIN is specific to the device and network that it is created on. It is possible to access your wallet from multiple devices by using your mnemonic, but you will create a separate PIN for each device, so they might not be the same.
As a security feature, your device will reset your PIN if you or someone else enters the wrong PIN 3 times in a row. This is to prevent a malicious party from continually guessing until they get your PIN right.
If your PIN is reset, you will need to enter your mnemonic through
Wallet on the “Onboarding” screen, which will allow you to create a new PIN for that
Set up Two-Factor Authentication¶
Finally, after you have recorded and confirmed your mnemonic and set your PIN, you will be prompted to choose a Two-Factor Authentication method. A Two-Factor Authentication method is a second layer of security that a wallet’s owner must confirm before sending coins or making other critical changes in settings.
While optional, we urge you to activate at least one Two-Factor Authentication method. Ideally, you should add at least 2 different Two-Factor Authentication options.
For various reasons, our users sometimes lose access to one of their Two-Factor Authentication methods, and this can be very inconvenient.
You can mitigate this risk by having at least 2 different Two-Factor Authentication methods in place.
This way, if you suddenly lose access to one, you can still retain full access to your wallet, and then reset the lost Two-Factor Authentication method (for more details on this, see the section for changing a Two-Factor authentication method).
Using Two-Factor Authentication is simple: whenever you take an action that requires Two-Factor Authentication authorization (sending a transaction, or changing your Two-Factor Authentication settings), you will confirm the action by providing a confirmation code that you will receive via your preferred Two-Factor Authentication method.
Two-Factor Authentication is most secure when it is separated from the wallet device.
Best Practices for Creating a New Wallet¶
Creating a wallet for the first time is a straightforward process, but there are a couple of common mistakes that new Bitcoin users make.
Not properly recording your mnemonic at the beginning might lead you to lose your funds.
Though it might be inconvenient at the time, and you might be excited to use the wallet immediately, it is very important to take the time to properly record your mnemonic and safely store it.
Some other wallets allow users to start transacting without recording their mnemonic. While this might seem OK, we believe that this is risky and irresponsible.
It is very easy for users to start accepting and sending bitcoins and delay properly recording their mnemonic. Then, when something goes wrong in the future (their phone breaks, the PIN is entered incorrectly, etc), they suddenly lose access to their their coins.
Take extra-care to safely note and store your 24-words mnemonic. Please take this process very seriously, and give it the time and attention that it needs.
Using a throw-away email address for your Two-Factor Authentication can also result in loss of coins!
Unless you immediately create more permanent alternative Two-Factor Authentication methods (which we recommend anyway), or ensure you retain access to this throw-away email address losing access to your email can be very inconvenient.
Make sure you use an email address that you will be able to access in the future.
Creating a new wallet while there is an existing wallet on the app could prevent you from being able to access this new wallet, unless you safely store this new wallet mnemonic.
You will be allowed to create as many wallets as you like on your Blockstream Green app, but it can only store one PIN-protected mnemonic at a time. This means that any new wallets won’t be PIN-accessible on that device, and in the future must be logged into using the full mnemonic.
If you wish to create a new wallet, and have your app store a PIN for the new one, you will need to first disable the PIN on the original wallet. You can do this by entering an incorrect PIN 3 times in a row, or from settings after you have logged in.