> For the complete documentation index, see [llms.txt](https://docs.magnum.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.magnum.trade/webapps/wallets/create-new-wallet.md).

# Create New Wallet

<figure><img src="/files/BhN7MX011Edwxg6WMthF" alt=""><figcaption></figcaption></figure>

To create a new wallet,

* Tap on the floating '+' button in the bottom right you will see on any of the main screens.
* Tap 'New Wallet' and it will generate the new wallet for you. As soon as the new wallet is ready, it will show you the backup details like the Private Key and Recovery Phrase of the wallet.
* Users can give wallets a color tag for better identification. The tag will show up wherever the wallet needs to be selected.
* Store the Key and Recovery Phrase securely and tap 'Go To Wallets' to see your wallet in the list.


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