Though an online wallet is never suggested as a primary means of storage, it can be done. In this particular entry, you will learn how to open an online wallet.
You will have two options at this stage, either through MyEtherWallet, or through an Exchange like CoinBase*. The former will allow you to export your wallet to be used with Mist or another Desktop wallet, while Coinbase is simply easiest to set up. MyEtherWallet is recommended.
MyEtherWallet
- Navigate to MyEtherWallet
- Enter a long, complex password in the box, and click “Generate Wallet”. Do not lose this
- Download your Keystore file. Do not lose this.
- Click “I understand. Continue.”
- You will then be shown your unencrypted private key. Do not lose this.
- Print a copy or two of your paper wallet. Put it in a safe place where only you will have access to it.
- You can now use your keystore or private key to unlock your wallet.
- View your public deposit address that you will use for mining.
Coinbase
- Navigate to CoinBase*
- Sign up and complete verification
- Navigate to Accounts
- Click “Get Ethereum Address”
- CoinBase warns that it does not explicitly support mining rewards, however many individuals deposit there without problems.
Disclosure: the link to Coinbase is referral, using it to register will earn us both $10. Non-ref link here.