How do I create a Web3 wallet?

Summary
This article guides you through the process of creating your Bitvavo Web3 wallet, from navigating your account settings to securing your wallet with a passkey.

A Web3 wallet allows you to manage your own crypto assets. Unlike your standard Bitvavo account, this wallet is non-custodial, giving you full control over your private keys. Follow the steps below to set up your wallet.

Step 1: Accessing the Web3 wallet

App

Setting up your account can be done in the Bitvavo app by following these steps:

1. Log in to your Bitvavo account via the app.
2. Click on the profile icon in the top-right corner.
3. Look for the "Web3 wallet" icon in the menu and click on it to switch to the Web3 environment.
4. Read through the information in the carousel to understand how the Web3 wallet works and what it means to manage your own funds.
5. Press "Create Web3 wallet".
6. A security screen will appear, asking you to provide additional verification with your password and two-factor authentication.
7. Your Web3 wallet has been created.

Step 2: Setting up your passkey

Your Web3 wallet uses a passkey for secure, passwordless transaction authorizations. This replaces the need for traditional passwords for this wallet. This is how you set it up:

1. Follow the on-screen instructions to create a passkey.
2. This will link your wallet access to your device’s secure hardware (such as FaceID or TouchID).
3. Once the passkey is registered, you can receive, send and swap crypto assets in the Web3 wallet.

Step 3: Getting started

After completion, you will be redirected to your new Web3 wallet. From here, you can view your balance and receive, send and swap more than 12,000 assets.

Frequently Asked Questions