Step-by-Step Guide: How to Set Up Your Bitcoin Wallet

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Before you can buy Bitcoin from 1Bitcoin.ca, you need a Bitcoin wallet.

1Bitcoin.ca is a non-custodial broker. That means we don’t hold your funds or your Bitcoin. Once you complete a purchase, the Bitcoin is sent directly to your personal wallet.

So your first step? Set up a secure wallet — where you control the keys.

Disclaimer: 1Bitcoin.ca does not promote, endorse, or advertise any specific wallet providers. The examples below are for educational purposes only. Always do your own research before choosing and installing any wallet software or hardware.


🧠 Choose the Right Wallet Type

Wallet TypeBest ForProsCons
Mobile WalletEveryday use, small amountsEasy to use, fast setupVulnerable if phone is hacked
Desktop WalletMore control, moderate useSecure and private on clean deviceRisks from malware/viruses
Hardware WalletLong-term storage, large amountsUltra-secure, offlineCosts $80–150, physical device
Paper WalletCold storage, backupsOffline, no digital attack surfaceEasy to lose or mishandle
Web WalletConvenience, fast accessQuick setupLess secure, often custodial

🔐 Best practice: Use a hardware wallet for savings, and a mobile wallet for daily spending.


✅ Option 1: Mobile or Desktop Wallet (Free, Fast Setup)

1Bitcoin.ca recommends non-custodial wallets that let you hold your private keys.

📱 BlueWallet (Mobile)

  1. Download from Official Source:
  2. Open App & Tap “Add Wallet”
    • Choose Bitcoin
    • Name your wallet
  3. Write Down Your Recovery Seed
    • 12 or 24 secret words (your backup key)
    • Store it offline. Never take screenshots. Never share it.
  4. Your Wallet is Ready
    • Tap “Receive” to view your Bitcoin address. This is where 1Bitcoin.ca will send your BTC.

💻 Electrum (Desktop)

  1. Download ONLY from https://electrum.org
  2. Install & Open
  3. Create New Wallet
    • Choose “Standard Wallet”
    • Select “Create a new seed”
    • Write down your 12-word seed and keep it secure
  4. Set a Strong Password
    • This encrypts your wallet file on your computer
  5. Done!
    • Copy your receiving Bitcoin address when ready to buy BTC

🔐 Option 2: Hardware Wallet (Trezor or Ledger)

Perfect for storing larger amounts of Bitcoin safely over time.

Example: Trezor Model One

  1. Buy ONLY from https://trezor.io (avoid Amazon/eBay)
  2. Unbox and Connect to your computer
  3. **Go to https://trezor.io/start**
  4. Follow Setup Steps
    • Generate your 24-word recovery seed (write it down!)
    • Create a PIN code
  5. Install Trezor Suite for wallet management
  6. Copy your BTC receive address for use on 1Bitcoin.ca

🛡️ Safety Tips for All Wallets

  • Backup your recovery seed phrase — offline, safely
  • Never share your seed with anyone (not even 1Bitcoin.ca staff — we will never ask)
  • Bookmark official sites to avoid fake wallet downloads
  • Verify all BTC addresses before sending funds
  • Use wallets where you control the private keys

🗺️ Next Steps with 1Bitcoin.ca

Now that your wallet is ready:

  1. Go to 1Bitcoin.ca
  2. Load your account (via e-transfer or wire)
  3. Buy Bitcoin
  4. Receive it directly to your wallet (usually within hours)

Reminder: 1Bitcoin.ca does NOT hold your Bitcoin. You must enter your own wallet address during checkout.


⚠️ Protect Yourself from Scams

  • We only contact customers through our dashboard chat and official emails ending in @1bitcoin.ca
  • We will never ask for your seed phrase, PIN, or passwords
  • Beware of imposters on Telegram, WhatsApp, or social media

If you’re unsure about a message, email us at help@1bitcoin.ca or chat with us directly inside your dashboard.


✨ Final Thought

Your wallet is your key to financial freedom. Take care of it like your life savings.

🔐 Your keys = your coins.

⚠️ Lose your seed = lose your Bitcoin.

Get your wallet set up right, and you’ll be ready to buy Bitcoin on 1Bitcoin.ca with confidence.

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