Set up mist ethereum wallet
You can safely close this window and reopen the client to view your account dashboard in the next step! Relaunch Ethereum Wallet Since you have successfully installed it previously, you can launch the client now. You will be greeting with an elegant UI as seen below. You have successfully created your own Ethereum wallet!!
So far it has been safe, free and easy to use. This prevents any buggy execution which might lose your coins. Now before you go ahead all out to deposit all your Ethers into this new wallet, you might want to test if the whole works, if so, how it works. I will briefly go through how you can test it. Testing my new Mist Ethereum Wallet 1. Test deposit Log into your exchange or brokerage that you bought your Ethers from.
Depending on your brokerage or exchange that you use, there should be an Ether withdrawal option. After you click to withdraw by Ether, you should be shown a page to fill in a deposit address and an amount. Just try to deposit a small amount of Ether eg. This address shown in red box below can be found when you click on the main account from Mist Ethereum Wallet dashboard. This is the public key of your Ethereum wallet, and can be shared with little to no problem.
Treat it like your bank account number. It will be needed for others to transfer money into it. Once deposited from your exchange to the address, give it a couple of minutes to show up in your Mist Ethereum Wallet. Test withdrawal Ether received! Now that depositing works, try withdraw the same amount back to your brokerage or exchange account. Now before you go run around telling everyone that you are a Master of Ethereum Walleting, you almost forgot one thing. You can write this down on a piece of paper and keep it safe in case you forgot your password a few years from now.
The keystore file to backup can easily be downloaded through Mist Ethereum Wallet platform. Double click to open keystore folder. Back them up by copying and pasting into an external drive that preferably only you can access, even better if you can keep it in your safe box. Now you have two copies of keystore file Mist, external drive and one hardcopy of your password inside a safe.
The following are strongly encouraged recommendations by me to best safeguard your Ethers from theft, hacks and social engineering: Keep your hardcopy written password in your safe or similar, with a secure lock. Do not write any other information on the same piece of paper eg. Have a second hardcopy written password kept in another safe LOCATION not your house so in case of natural disasters, your backup hardcopy password is not gone.
A second location might be hard to think of, but it will greatly increase your chances of not losing your Ethers if you ever forget your password. Get the cheapest global branded for reliability thumbdrive to store all your keystore files if you have many accounts , keep it in your safe and not use it.
Same for second backup of keystore files. Do not back up the keystore file to any cloud service. It will be most vulnerable on cloud. Store the second thumbdrive somewhere outside of your home as well. Office, car boot, in-laws house, etc. It is with joy that we present the 0. This release brings some fundamental changes that will help shape the following versions of the project, along with some long-awaited improvements. Light client as default sync mode Along with the Geth 1.
It features a blazingly fast zero-to-latest-block speed, with little impact on storage requirements. After lots of testing, we have promoted the Light Client sync mode as default on Mist and Ethereum Wallet for new users.
The Light Client sync mode was devised to request information on-demand from "Light Servers", thus removing the need of having the entire blockchain on a device. Please consider running a Light Server : Syncing and overall experience We've spent quite some time simplifying the startup process.
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