How To Setup the Official Monero GUI Wallet
This guide will show a person all the steps involved in setting up a wallet to send and receive Monero. A user will have the option to either run a full node (downloading the whole blockchain to support the Monero network), or connect to a remote node (use someone else’s Monero blockchain) to use the wallet more casually.
While the wallet does look similar across all platforms, this guide is has been created using Windows 10, keep in mind there may be differences across operating systems.
The first thing to do is download the wallet. Find the correct operating system below and click the download button. Extract the contents to a folder once downloaded.
Windows – 0.13.0.4
Mac OS – 0.13.0.4
Linux – 0.13.0.4
Getting Your Seed
1. The first thing the wallet will ask is which language it will operate in.
2. The wallet will then offer 4 choices.
- Create a new wallet – Creates a new wallet from scratch
- Restore a wallet from keys or mnemonic seed – Use this option to recover a wallet where the seed is already recorded
- Open a wallet from file – Select a wallet file to open if one was previously created.
- Create a wallet from a hardware device – Use a Trezor or Ledger to create a new wallet.
Select “Create a new wallet”
3. Name the wallet
4. Next the wallet will display the seed. THIS IS VERY IMPORTANT: The seed is the key to retrieving Monero if the wallet is ever lost. It is VERY important that this is recorded somewhere safe.
5. Write down the seed on a piece of paper and keep it somewhere safe.
6. Press the arrow on the right side once the seed is written down.
7. Create a password. This password is what keeps people from getting into the wallet they gain access to the computer. It is separate from the seed; if this password is forgotten, simply make a new wallet using the seed you wrote down earlier.
Full Node or Light Wallet
1. Next it’s time to decide if the wallet will be a full node or a light wallet. There is no functional difference between the two, but they are two different things.
Full Node – A full node is a wallet that downloads the entire Monero blockchain to share with others and help keep the network secure. The only requirement of running a full node is about 60 – 80 GB of space on your computer to store the blockchain.
Light Wallet – A light wallet is a wallet that connects to someone’s full node to use their blockchain to check for incoming and outgoing transactions. This option doesn’t require downloading the blockchain and is much faster. Leave the default options there if choosing this method.
2. Click the arrow on the right once satisfied.
3. Finally a screen summarizing new wallet will be shown. Click on “Use Monero”