How To Create a New Wallet with Sparrow Wallet?
Creating a wallet with Sparrow Wallet is simple and hassle-free. In this step-by-step guide
Open Sparrow Wallet. Then click on File > New Wallet.
Give a new name for your new wallet. For this example, we will use blockdyor new wallet testing.
It’s now the time to choose what type of wallet you would like to create. Sparrow Wallet, as we said, has many different options: Connected Hardware Wallet (for example: Trezor Model T, Trezor One), Airgapped Hardware Wallet (for example: Coldcard), Watch Only Wallet (xpub) or a new or Imported Software Wallet. For this example, we will choose the latter.
In this section there are other possibilities, such as choosing to create (or enter) the mnemonic words, import the private key or keystore import. Since we want to create a new wallet from zero, we will choose to create a 12 mnemonic words wallet.
Now it’s time to randomly generate a new BIP39 passphrase, click on Generate New to create a new seedphrase. You can also choose individually each BIP39 words to create your seedphrase. You can also increase entropy by using dices.
After you have generate the seedphrase, choose Use passphrase if you want to add a passphrase (13th or 25th word) to your seedphrase and increase even more the entropy. Write down the words and click on Confirm Backup to finalize the wallet creation.
It’s now time to re-enter the seedphrase again, in order to confirm that it was written down correctly. Click on Re-enter Words.
Proceed to type each one of the words of the seedphrase (plus the passphrase, if you chose to use it). Then click on Create Keystore.
The keystore has been create, now proceed to import it by clicking on Import Keystore.
Click on Apply.
You can also add a password to your wallet. Keep in mind that this is different from the passphrase. After this, your wallet will be created.
The newly created wallet will have a mv.db extension, will be located in: C:\Users\Admin\AppData\Roaming\Sparrow\wallets on Windows.