Creating Your Crypto Wallet

Choose your cryptocurrency

The first step is going to be deciding what cryptocurrency you will want to be paid in. Currently Myntfarm supports all coins tradable on Coinbase. Some payout options include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), or Dogecoin (DOGE). Please see a brief overview of the coins below to aid in your choice. When choosing a cryptocurrency keep in mind: 1. The coin’s value volatility. 2. Transaction fees to use the coin. 3. Current use cases.
Please make note that if you provide a Coinbase.com Wallet (Not “Coinbase Pro”) address no transactions will be applied.

Bitcoin (BTC)

Volatility: Low
Trans. fees: High
Top uses: Store of value, Payment


Ethereum (ETH)

Volatility: Low
Trans. fees: Medium
Top uses: Dapps, DeFi

Litecoin (LTC)

Volatility: Medium
Trans. fees: Very low
Top uses: Payment


Dogecoin (DOGE)

Volatility: Medium/High
Trans. fees: Low
Top uses: Payment, Store of value

Picking your crypto-wallet

Now you will need to choose what type of wallet you want. The two main wallet types are “hot” and “cold” wallets. Cold wallets can take a significant amount of prep and are intended for long term storage. Due to their complexity, we will not discuss them here; I would advise you to look into them at your own leisure. Hot wallets are wallets connected to the internet, and are what are most commonly used for regular transactions. The most common types of hot wallets are “software wallets” which can be Desktop, web, or mobile based.

Desktop (Core Release)

The most common type of wallet, that requires a computer to run. Depending on the coin, they can add support for various operating systems and can be CLI (command line interface) or GUI (graphical user interface). You would normally go to the cryptocurrency’s GitHub to download their current release.
I.E. Bitcoin, Dogecoin

Web

Web wallets run from a website. These also need to be vetted before you use them, but allow for easy access and can be the fastest to setup. Some good eggs:
Block.io a simple secure web wallet for BTC, LTC, and DOGE.
Guarda multi-currency web wallet.
– My Ether Wallet or MEW a Ethereum wallet.

Mobile

Mobile wallets run on your phone or tablet. You will want to make sure you find a trusted developer to use their app. These are very convenient and can be considered the easiest to use. Here are some mobile wallets you can consider.
Exodus is a multi-currency wallet
Coinbase Wallet is a multi-currency wallet
– Blockstream’s Green: Bitcoin wallet
MetaMask Ethereum wallet

A “Bitcoin Whale”

Coinbase.com Accounts and Wallets

MyntFarm uses coinbase.com as a way to send crypto instantly with no transaction fees. You can click on the image to be brought to the account registration page.

Next Steps

Now that you have your wallet address. You can register an account with Myntfarm Register Now! Or add an item below.