All For One
  • Getting Started
    • Introduction
    • Installing the App
    • Creating a Wallet
      • Create via Seed Phrase
      • Create via SSO
      • Create via SSS
    • Importing a Wallet
      • Import via Seed Phrase
      • Import via Private Key
      • Import via SSS
      • Import via Hardware Wallet
    • Searching Crypto Assets
    • Buying Crypto Assets
      • Buying Coins with Fiat
      • Buying Tokens with Coins
    • Selling Crypto Assets
      • Selling Coins for Fiat
      • Selling Tokens for Coins
  • Token Research
    • Token Charts
    • Token Transactions
    • Token Whale Watching
    • Token Liquidity Info
  • Wallet Management
    • Supported Blockchains
    • Importing Tokens
    • Sending Crypto Assets
    • Receiving Crypto Assets
    • Wallet-Specific Settings
      • Enabling Chains
    • Global Wallet Settings
      • Collapse Defaults
      • Condensed View
      • Sort Tokens
      • Hide/Rearrange Wallets
  • User Settings
  • ECLIPSE™ Rankings
  • Security Features
  • Glossary
    • Definitions
      • Self-Custody Wallets
        • Public Addresses
        • Seed Phrases
        • Private Keys
        • Shamir's Secret Sharing
        • Multi-Chain Wallets
        • Hierarchical Determination
      • Smart Contracts
        • Tokens
        • NFTs
        • Staking Pools
      • Gas
      • Decentralized Exchanges
        • Automated Market Makers
        • Liquidity Pools
        • CPMM Formula
      • Decentralization
        • Distributed Consensus
          • Proof-of-Work
          • Proof-of-Stake
        • Decentralized Applications
        • Web3
        • Blockchains
          • Blockchain Explorers
    • Disambiguation
      • Coins vs Tokens
      • Seed Phrase vs Private Key
      • DEXs vs CEXs
      • Fungible vs Non-Fungible Tokens
      • PoW vs PoS
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  1. Getting Started

Creating a Wallet

PreviousInstalling the AppNextCreate via Seed Phrase

Last updated 2 years ago

There are three ways to create a in All For One™:

Pick Your Poison

Each method has its own set of pros and cons. Be sure to pick the method that's right for you.

You can generate a wallet with a backup, the current de-facto standard.

Pros:

  • Very secure when managed properly

  • Most common method to create and manage self-custody wallets

  • Familiar and well understood by crypto veterans

  • Relatively easy to get started

Cons:

  • Confusing for those newer to crypto

  • Seed phrase mismanagement can lead to a total loss

  • Without a backup, wallet is non-recoverable in the event your device is lost, damaged, or stolen

You can create a wallet using Web3Auth, which supports these Single-Sign On (SSO) logins:

  • Apple

  • Discord

  • Reddit

  • Google

  • Facebook

Pros:

  • Easiest and fastest way for new users to get started

  • Follows a more traditional user sign-in flow

  • Well-audited process by trusted third-parties

  • Even without a backup, wallet is fully recoverable in the event your device is lost, damaged, or stolen

Cons:

  • Most centralized of all the options

  • Encrypted key fragments are stored online, not locally on your device

  • Security is only as good as the security of your social logins

Pros:

  • Extremely secure when managed properly

  • Appealing to advanced crypto enthusiasts and security experts

  • Reduces the risk of physical backups being used to compromise your wallet

  • A safer way to electronically backup your wallet

Cons:

  • Most complex and least accessible of all the options

  • Requires a significant amount of manual set-up to properly backup a wallet

  • Security is only as good as to how well you backup your shares

You can generate a wallet with a backup of multiple shares using the (SSS) algorithm which, when partially recombined, can be used to recover your wallet.

self-custody wallet
Create via Seed Phrase
Create via Single Sign-On (SSO)
Create via Shamir's Secret Sharing (SSS)
seed phrase
Shamir's Secret Sharing