In this section, we will go through the details of creating an Ethereum wallet. There are a lot of wallet software packages available on the market. For illustration purposes, we will use MyCrypto, the free, open-source wallet for interfacing with the Ethereum network. The desktop version of MyCrypto allows you to create new wallets. You can download MyCrypto Desktop via https://download.mycrypto.com. The following are the steps to create a wallet:
- Open MyCrypto.
- Click on Create New Wallet in the left-hand side bar.
- Navigate to Create New Wallet on the next page, as shown in the following screenshot:
- Click on Generate a Wallet.
It will bring you to the next page with two options:
- Keystore File
- Mnemonic Phrase
Now, we going to create a non-deterministic and HD wallet.
