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To set up your wallet, you’ll need to create a new one. You have the option to customize your wallet’s name if necessary. Then you have the option to set up different types of wallets. If you find setting up the “Dai Electrum Wallet” difficult at this stage, we recommend that you choose the “Standard Dai Electrum Wallet” option. The standard wallet is completely free of charge and works very well. Alternatively, it’s safer to create a “Dai Electrum Wallet with two-factor authentication”. You’ll need a smartphone and the Google Authenticator app, available on both the App Store and Google Play. If you want to use the wallet with two-factor authentication, note that there is a fee associated. We recommend this option as it significantly increases the security of your wallet. Once you click on “Next,” a new seed must be generated. The seed also depends on the address format. We recommend using the “Segwit” setting, as this is the most common address format compared to the older one. After that, you’ll see your seed—a series of 12 words, which is your key to the wallet if you lose your password or your computer fails . It’s extremely important that you write down this seed somewhere safe, preferably on paper, and store it securely.
In the next step, you will be asked to enter the seed again. After successfully doing this, Dai Electrum Wallet will prompt you to create a password. The longer, the better. Also, use a combination of numbers and special characters. You will use this password every time you open the wallet, so be sure to keep it safe.
Now, you are ready to access the actual user interface of the Dai Electrum Wallet.
Source: http://www.crypto-news-flash.com
