After installing and running Syscoin QT on your PC, you’ll proceed to create a Wallet and generate addresses to receive funds.
In the main QT panel, you’ll see that no Wallet is loaded and a button will be shown to “Create a new Wallet”.
You can also create new wallets from the menu File > Create Wallet.
During the process, enter a name to identify your wallet.
It is recommended to check the option “Encrypt Wallet” to encrypt the wallet file using a password, which you’ll set in the next step. This password will be required to send funds and will protect your wallet in case of unauthorized access.
Uncheck the option “Descriptor Wallet” and click “Create”.
Next, you’ll be asked to enter a passphrase to encrypt the wallet.
Store it safely: if you lose or forget the password, you’ll lose access to your funds.
Once the wallet is created, you can generate a receiving address by clicking “Receive” in the top menu.
Enter a descriptive label such as “Collateral”, “Rewards” or other descriptive name, then click “Create new receiving address”.
The address will be generated and displayed on screen, along with options to copy it, save it as a QR code, etc.
If you need to check your addresses later on, go back to the “Receive” menu where you’ll see the full list.
By double-clicking any of them, you can view the details and perform the same actions as before.
If your wallet is encrypted, you’ll need the password for certain actions like sending funds.
In that case, a window will automatically appear asking you to enter it.
If you need to temporarily unlock your wallet from the console, use the following command:
walletpassphrase "your_password" time_in_seconds
Example:
walletpassphrase "12345" 600
If you receive a “null” response, it means there were no errors, and your wallet would be unlocked for the time you set, in the example, for 10 minutes.
