# 💳 | Creating a Wallet

To begin utilizing <mark style="color:blue;">**Unlimited Leverage**</mark> on the Arbitrum-one chain (ARB1), the **first step** is to create a wallet that supports it. Wallets can be accessed through desktop computers and mobile devices, and you should choose the one that **best suits your needs**.

{% hint style="danger" %}
As you set up your wallet, it's important to take the following precautions:

:large\_blue\_diamond: Download and install the most recent version of the wallet from an official source.

:large\_blue\_diamond: Follow the setup instructions closely.

:large\_blue\_diamond: Securely back up your recovery phrases.

:octagonal\_sign: Refrain from sharing your recovery phrases with anyone.

:octagonal\_sign: Avoid entering your recovery phrase anywhere other than your wallet app.
{% endhint %}

<mark style="color:blue;">**Unlimited Leverage**</mark> supports the following wallets :arrow\_heading\_down:

{% tabs %}
{% tab title="MetaMask" %}

<figure><img src="https://1947651740-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1uLfyekHy32aCR2mnQIB%2Fuploads%2FoU3tt4PDuaw6iujvScOm%2Fimage.png?alt=media&#x26;token=f94f2820-94cb-40ac-93ae-433d5eff7844" alt=""><figcaption></figcaption></figure>

MetaMask is a very popular browser-based wallet plugin that supports ERC20 (Ethereum network) and ARB1

**Pros:**

* Open-source.
* Historically the most popular.
* Tons of resources and guides online.
* Supports many languages.
* Available on mobile.

**Cons:**

* Originally built by devs, for devs.
* Extra information and settings may confuse beginners.

{% embed url="<https://metamask.io/download.html>" %}
{% endtab %}

{% tab title="WalletConnect" %}

<figure><img src="https://1947651740-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1uLfyekHy32aCR2mnQIB%2Fuploads%2Fuzvs8EoUZ9ZyZftolkbL%2Fimage.png?alt=media&#x26;token=58b86d18-88de-45c7-8061-9663d25fdd34" alt=""><figcaption></figcaption></figure>

WalletConnect is an open protocol for connecting wallets and DApps (Web3 applications), which uses a bridge server to establish a remote connection between two applications and/or devices, scan a QR code to establish a connection, and start communication.\
\
**Pros**

* User-friendly, compatible with multiple blockchain networks.
* Secures user interactions, pretty decentralized.

**Cons**

* Dependency on dApp and wallet support.
* Connectivity issues and potential complexity for some users.
  {% endtab %}

{% tab title="Trust Wallet" %}

<figure><img src="https://1947651740-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1uLfyekHy32aCR2mnQIB%2Fuploads%2FYTawnsQNoDm8N7Kc6w15%2Fimage.png?alt=media&#x26;token=fb7d8c04-0f16-433c-923c-3ea87b9123a9" alt=""><figcaption></figcaption></figure>

Trust Wallet is a popular wallet for smart devices. It supports DApps, NFT collectibles (with Opensea.io support), and in-wallet staking.

**Pros:**

* Open source.
* Backed by Binance.
* Easily switch between several crypto networks.
* Includes popular networks by default.
* Includes in-wallet staking options.

**Cons:**

* Language tied to PC/Mobile settings.
* Limited DApps.

{% embed url="<https://trustwallet.com/>" %}
{% endtab %}

{% tab title="Coinbase Wallet" %}

<figure><img src="https://1947651740-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1uLfyekHy32aCR2mnQIB%2Fuploads%2F8kvkcYsmeDbuxCmZbsAZ%2Fimage.png?alt=media&#x26;token=e1bd697d-93a7-4310-8f3e-470a0af0ebc5" alt=""><figcaption></figcaption></figure>

Millions of users choose Coinbase Wallet to earn yield with DeFi, swap more than 5,500 assets, and hold their NFT collections.&#x20;

Coinbase wallet supports ERC20 (Ethereum network) and ARB1.

**Pros:**

* Easy to transfer assets from Coinbase retail app.
* Supports fiat on-ramps.
* Industry-leading security with secure cloud backup.
* Available on mobile.

**Cons:**

* Chrome only.

{% embed url="<https://coinbase-wallet.onelink.me/q5Sx/fdb9b250>" %}
{% endtab %}
{% endtabs %}