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Wallet Creation

Once you have logged in, click on the ‘Lets Start’ option. You will see a pop up to ‘Download Credence‘ and ‘Create Wallet’

Note : Credence is an offline software designed to create Public and Private keys. This will also help you sign a transaction and recover your keys if lost using a mnemonic sentence which has to be saved the first time you generate the keys. Please make sure to store it offline, preferably in a piece of paper as the public and private keys cannot be recovered without them and Coinome cannot help with recovery of Mnemonic sentence if lost.

For a new user to Create a Wallet, you may go to the ‘Create Wallet’ option.

Wallet Label: This can be any name you would choose for your wallet as the label.

Digital Asset: The drop down would have the options BTC/LTC/Ethereum. Note: As an example, Bitcoin is selected in the image.

Once selected, click on ‘Continue’.

Click on the ‘Select Wallet Type’ to select an option from the Drop-down. There are mainly three security types for you here. Listed below are the same:

HOSTED: Recovery key and service provider key would be with Coinome.

Once you have selected Hosted, click on the ‘Proceed to Confirmation’ option.
Click on the ‘Create Wallet’ option.
Click on ‘Proceed to Wallets’ to go to your own personal Wallets page.
The Test wallet has now been created and listed in the ‘My Wallets’ page.

MULTISIG 2/3: Two keys would be with the user and one would be with Coinome. The user could choose to provide both recovery and client keyor have Coinome provide it. Depending on the options, there can be two scenarios. The same has been listed below:

SCENARIO A

If the user chooses the option ‘’Use Secure key recovery services of Coinome Enterprise Wallet”

Click on the ‘Proceed to key submission’ option.

The user will just have to enter the Public Key.

Note: Client key can be procured from the ‘Credence’ Application. This can be found under the ‘Extended Public Key’ option.

Click on ‘Proceed to Confirmation’.
Click on ‘ Create Wallet’ to proceed with the confirmation on Wallet creation.

SCENARIO B

If the user chooses the option ‘’I will provide my own Backup keys which are securely generated offline”

Click on ‘Proceed to Key Submission’

The user must enter both Wallet Public and Backup Public Key. Both can be generated from the ‘Credence’ Application or any third application that follows bip44 specification.

Your wallet is now created and listed in the ‘My Wallets’ option.

MULTISIG 3/5: Three keys would be with the user and two would be with Coinome. The user could choose to provide two sets of recovery key or have Coinome provide it. Depending on the options, there can be two scenarios. The same has been listed below:

SCENARIO A

If the user chooses the option ‘’Use Secure key recovery services of Coinome Enterprise Wallet”

The user will have to enter two sets of Wallet Public Keys.

Once the wallet is created, the same will be listed in the ‘My Wallets’ option.

SCENARIO B

If the user chooses the option ‘’I will provide my own Backup keys which are securely generated offline”

The user must enter two different sets of Wallet Public Key and Backup Public Key.

Once you have added the keys, you will need to confirm your Wallet Creation. Click on ‘Create Wallet’ to confirm.

Once created, the wallet will be listed in the ‘My Wallets’ option.