Freewallet.io User Manual
Freewallet.io User Manual
  • Getting Started
    • What is Freewallet?
    • What are the features of Freewallet?
    • Where can I access Freewallet?
    • Where can I access previous versions of Freewallet?
    • What is Tokenscan.io?
    • Why do I need small amounts of Bitcoin to do things in Freewallet?
    • What BTC fee should I use?
    • What is the Automatic Donation System? How do I turn it off?
    • What is an Asset/Token/NFT? How can I store them?
    • I want to trade a certain Asset, is it legitimate?
    • How to find the License Agreement
    • What else do I need to know?
  • Exploring Balances, History, Exchange and Dispensers
    • Address Balances
    • Address History
    • Viewing Tokens
    • Exploring Token Information and Enhanced Asset Information
    • Understanding Dispenser Markets
    • Buying XCP and User Created Tokens from a Dispenser
    • The Decentralized Counterparty Exchange (DEx)
    • Understanding Exchange Pairs
    • Buying and Selling XCP and Tokens on the DEx
    • Understanding BTCpay and BTC/TOKEN on the DEx
  • Freewallet Functions
    • Creating a Wallet
    • Locking and Unlocking Your Freewallet
    • Viewing, Creating and Importing Addresses
    • Show a QR Code for your Address
    • Sending and Receiving BTC
    • Sending / Receiving XCP and User Created Tokens
    • Displaying the Seed Phrase and Private Key of your Address(s)
    • Using the Multi Send function
    • Create a Counterparty Token (NFTs and FTs)
    • How to Change Token Properties
    • Changing the Token Description
    • Issuing more Token Units
    • Resetting Your Token Issuance
    • Locking Your Token Issuance
    • Transfer Token Ownership
    • Destroying Tokens
    • Paying Dividends to Token Holders
    • Voting with Tokens
    • Broadcast information on the Bitcoin blockchain
    • Signing a Message Using Freewallet
    • Signing a Transaction Using Freewallet
    • Using the Sweep Function
    • Setting up a Dispenser
    • Closing a Dispenser
    • Cancelling Exchange Orders
    • Starting an Exchange Pair that has no orders up yet on the DEx
    • Minting Open Fairmints
  • Common Questions Using Freewallet (FAQ)
    • What if you make a mistake?
    • Where can I see my current version?
    • How do I check my Freewallet Server settings?
    • How do I use the Debug function on Freewallet?
    • Can I use the Counterparty/Bitcoin Testnet in Freewallet?
    • Can I burn BTC for XCP?
    • What’s a Stamp?
    • What’s an Ordinal?
    • If Tokenscan is down for maintenance, can I still access my funds?
    • Why is there more than one input on my BTC transactions?
    • Does Freewallet support two-factor authentication?
    • Can you lock a Token description?
    • Can I run my own Counterparty server?
    • How do I use Freewallet to mint an Emblem Curated Vault?
    • How do you create a Burn Address for use on Counterparty?
  • Troubleshooting / Issues
    • I sent BTC (or a Token) to Freewallet, why doesn't it show up?
    • Why can't I see my assets I own or created with 0 issuance?
    • "Error While Trying to Broadcast Transaction"
    • "Failure to send not enough BTC in wallet"
    • My Freewallet Exchange/Dispenser tab is resetting the data when I try to sort by BTC Price?
    • "Public key was neither provided nor published in blockchain."
    • I logged in and see none of my assets but I see them on tokenscan!
    • Help! I used too small of a fee and my transaction is not confirming!
    • I sent/dispensed an XCP asset to a Wrapped Segwit Address (address beginning with "3")
    • I sent/dispensed an XCP asset to a Taproot Address (an address that starts with "bc1p")
    • I updated Freewallet and can only see my first 20 addresses! How can I get them back?
    • My second transaction on an MPMA (Multi-send) is not getting confirmed and giving me an error
    • Freewallet gave me a TX link but Tokenscan says "Transaction not found on tokenscan"
    • Error composing dividend transaction via API: ['zero dividend']
    • My MacOS/Windows is saying Freewallet is not verified by the app store. What should I do?
    • Counterparty API Communication Error!
    • What is a Counterparty API Error?
    • Stuck on "Checking Data Encoding Fees"
    • Constructed transaction does not parse correctly
    • My transaction is too low of an "Effective Fee Rate"
    • Error Composing Dispenser TX - Balance History
    • I entered my created password and stuck on "You will need to unlock..."
  • Getting Support
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  1. Freewallet Functions

Creating a Wallet

PreviousFreewallet FunctionsNextLocking and Unlocking Your Freewallet

Last updated 11 months ago

Your account in Freewallet is secured by a 12-word passphrase and is a . In fact, this passphrase is your wallet itself. Freewallet places this passphrase into a math equation and gets a list of Bitcoin addresses and private keys as the result. If the passphrase is the same, you can always calculate the same addresses and keys. You can do this even if Freewallet is offline.

This means that your passphrase, your addresses and your private keys are never sent anywhere. This also makes it extremely important to keep your passphrase safe, as it cannot be restored by anyone. Please ensure that you have written it down correctly.

Remember that once you delete Freewallet off of your device, the only place this passphrase (your entire wallet!) exists is the place you chose to write it down.

The first action you will prompted to take is to let Freewallet know if you would like to create a new wallet or login to an existing one.

To create a new wallet, click the green Create New Wallet button. To again stress the importance of this functionality and the possible value of funds you may receive, it is imperative that you write down your 12-word passphrase (on pen and paper and in multiple locations) or else your funds and tokens will be unrecoverable. The passphrase shown below is not secure and should not be used, the one you generate randomly will simply be shown to you in this manner.

If you already have a 12-word phrase it can be entered by clicking the Login to Existing Wallet in the image above. Take note of the Format option, which supports seed phrases generated with Counterwallet or any BIP-39 style Bitcoin seed.

The open wallet button will only become active once you have entered a valid passphrase and clicked 'Ok'.

If this is your first time logging in, you will have to agree to the Freewallet License Agreement which can also be .

You will also be prompted with the popup. By default, it is enabled, but can be turned off or customized to support specific Counterparty improvements. If you would like more information on ADS please read .

One important thing to know before getting started is that when you perform an action in Freewallet (i.e. place an order, create a token, etc), it doesn't take effect immediately. All Counterparty functions must first be confirmed on the Bitcoin blockchain. If broadcasting a bitcoin transaction for Counterparty functions is new to you, see the explanation of

found here
Automatic Donation System
here
Why do I need small amounts of BTC to do things?
deterministic wallet
Welcome to Freewallet popup
Enter Passphrase popup, with the Format dropdown menu selected
Popup after a successful wallet seed-phrase entry
License Agreement popup screen