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Crypto Wallets Explained! (Beginners' Guide!) ?? ?? (2024 Edition!) ????? Full Step-by-Step! ??The very first step in generating a new wallet is writing down a �seed phrase� or mnemonic. This generates the rest of the account (pairs. Step 2: Get your wallet. Getting a crypto wallet is simple. Most are free to obtain, with the lone exception of hardware wallets, which can be. 1. Pick a wallet app and download it on a desktop or mobile device; many software wallets have both options. � 2. Create an account. � 3. Write.