The first thing you need to do to join our blockchain revolution is to set up an IPI wallet. The whole process is very simple and takes a minute or so. Check out our quick guide on how to set up an Independent Protocol Infrastructure wallet.
Visit https://wallet.ipi.io
Once you are on our wallet page, you will notice that you have several options to choose from.
INSTALL
You can install the app on your PC or mobile device. Simply click on the ‘Install’ icon
For detailed instructions on how to install the app, see our article on the medium platform: ‘Guide on installing the IPI wallet app’
Guide on Installing the IPI Wallet App
CREATE
You can create a new address on IPI’s decentralised blockchain network. Using a wallet, you will be able to receive as well as send cryptocurrencies. To start the process, click on the ‘create’ icon
You will be asked if you already have a wallet
At this point, you can recover a previously created address by clicking on ‘restore wallet’ or create a new one by selecting the ‘Create IPI wallet’ icon.
The next step will be to create a password to protect your wallet. Use a strong password.
Remember to use lowercase as well as uppercase letters, numbers and possibly special characters; the longer and more complicated the password, the harder it is to crack. Confirm your selection with the ‘Set password’ button.
RECOVERY PHRASE
A recovery phrase, also known as a seed phrase, is a series of 12 to 24 words generated by a cryptocurrency wallet that allows you to access and recover your crypto assets. It acts like a master key, enabling you to restore your wallet if you lose access to it. In the case of the IPI, the ‘recovery phrase’ consists of 12 words.
Save your recovery phrase in a safe place. It will help you restore your wallet if you forget your password.
Your funds are under your custody.
Your funds are held securely and are controlled by yourself on this device, not by IPI. IPI cannot recover your funds for you if you lose your recovery key.
If wallet app is moved to another device or deleted, your crypto funds can only be recovered using your recovery phrase.
Once you have saved your seed, click the ‘I saved the recovery phrase’ button.
On the next screen, you will have to type in your 12 words to confirm that you have them saved.
At this stage, you can still return to the screen with your ‘recovery phrase’ by simply clicking ‘Go back’
Once you have entered all 12 words, separated by a space, press the ‘Confirm’ button.
This brings you to the end of the process of creating a IPI wallet.
RESTORE
If you want to restore the wallet using the seed phrase, press the ‘Restore’ button on the IPI wallet home page
On the next screen, you will have to type in your 12 words (yours recovery phrase)
After this you will be taken to the password creation screen.
The next step will be to create a password to protect your wallet. Use a strong password.
Remember to use lowercase as well as uppercase letters, numbers and possibly special characters; the longer and more complicated the password, the harder it is to crack. Confirm your selection with the ‘Set password’ button.
Now your wallet is restored, you can use it again like you used to.