Generate your wallet
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Generate your wallet

Shawn Butchart

When you create your Cancoin account, you are also generating your multi-sig bitcoin wallet.

To create your account and generate your multi-sig bitcoin wallet, go to and enter a username, email address and set your password. 

From there you will be taken to the seed view, where you can create your multi-sig Bitcoin wallet by clicking ‘Generate Wallet’. The creation process is done completely in your browser, so your seed, private key, and 12 word mnemonic never exist on Cancoin servers. The first step is a randomizing process that uses your cursor or accelerometer equipped device movements to create the initial seed for your wallet. Continue these movements until the timer reaches zero to ensure true randomness, as this is crucial to private key security. The rotating colours and icon trails that are used during the  process are indicators of your seed being randomized.

After you have generated your wallet’s seed, you will be shown your 12-word mnemonic. This mnemonic is an encrypted version of your private key, so it is VERY important that you back up this information. Your 12-word mnemonic can be used to sign and send transactions, set your passcode, and decrypt your order chat. It will never exist on Cancoin servers and cannot be recovered if it is lost. During this step you can download your passcode encrypted mnemonic, as well as the unencrypted mnemonic by clicking the relevant button. You can also cut and paste your unencrypted mnemonic from the text area shown.

Once you pass a simple mnemonic test, you will be shown a success page and your account and wallet have been created and are ready for use.