How to create Ergo (ERG) wallet
2024. 4. 1.
Ergo (ERG) is part of the larger Ergo ecosystem, which is a next-generation smart contract platform based on the Proof-of-Work principle.
This coin has gained popularity among miners because of the possibility of using dual-mining. This feature increases the profitability of mining on graphics cards. ERG is also resistant to ASIC devices.
You can exchange Ergo (ERG) on the Gate.io, CoinEX and KuCoin exchanges.
We will discuss two methods for creating a Ergo coin wallet.
- Ergo Wallet App.
- On an exchange.
We do not recommend mining to exchange. If you choose mining to an exchange, you do so at your own risk. Not your keys — not your crypto!
How to register an ERG wallet in Ergo Wallet App
Ergo Wallet App is an easy and fast way to create a wallet for ERG.
This wallet is mobile and supported on iOS and Android smartphones.
Open the Ergo Wallet App website from your mobile device — https://ergoplatform.org/ergo-wallet-app/
Choose a convenient installation method;
Install the Ergo Wallet App app on your smartphone using the Google Play or App Store;
After installation — launch the wallet app;
In the wallet app that opens, click "New Wallet";
You will receive a secret phrase — a combination of 12 words. Safely keep them in the same order as they appear on your screen. Losing them means losing access to your wallet! Then click “Done”;
The wallet will check how well you remember your seed phrase and word order. Enter the words in the correct order for confirmation;
Specify the password to access the wallet → Click "Save password-encrypted" → Specify the password → Confirm the password → Click "Done";
To get the wallet address: Click "Receive";
Done! You will receive your ERG wallet address. Click on the icon next to the wallet address to copy it. Use it for mining or receiving coins to your account.
How to Register a ERG Wallet on the Exchange
This method is convenient because you don’t need to register multiple wallets. Everything is stored on one exchange, and all coins and wallets are easily accessible. You can immediately exchange or trade your cryptocurrency without any hassle.
Some cons: The security of all your exchange wallets depends on the security of your exchange account. To ensure the utmost security, make sure to secure your email, exchange account, and enable two-factor authentication (2FA).
Keep in mind that sometimes exchanges change the address for depositing cryptocurrencies. The pool will not be able to change the address to which you are mining, so some of the cryptocurrency may be lost.
Register at any exchange that provides the option to trade Ergo (Gate.io is used in the example);
After signing up, select "Assets" → "Funds Managment" → “Deposit” → “Onchain”;
Select "Coin → ERG", "Network → ERG-ERG", get "Address";
Done! You have got the wallet address for deposits to the exchange. Start by clicking on the icon next to the wallet address to copy it. You can then use it to mine or receive coins to your wallet.
