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HOW TO: Set Up Monero GUI Wallet! (In Under 6 Min) 🚀

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Disclaimer: Always do your own research before you decide to buy any particular coin. Under no circumstances do my statements represent a recommendation to buy/sell various coins. Please follow all applicable laws in your country as it applies to cryptocurrency. Monero is a really promising coin but it's GUI wallet isn't the easiest to figure out. I really like GUI wallets since they are more beginner-friendly, so I took some time to figure this one out. Now, I want to share my process with you! I hope this helps you set up your wallet and get started with the basic functionalities like Receiving and Sending Monero (XMR). Please write to me below if you have any further questions! ******************************************** Hey everyone, thanks for watching. If you enjoyed this video please give me a LIKE and SUBSCRIBE to catch all my future content. If you want to sign up for various exchanges, you can use my referral code for bonuses: Coinbase/GDAX: https://www.coinbase.com/join/5925a6f5f35ce600bcd082d2 Binance: https://www.binance.com/?ref=11165323 Also be sure to check out our communities: Facebook (Main Group): https://www.facebook.com/groups/cryptoforbeginners/ Facebook (Mining): https://www.facebook.com/groups/miningforbeginners/ Facebook (ICOs): https://www.facebook.com/groups/icoforbeginners/ Steemit: https://steemit.com/@btcforbeginners Instagram: https://www.instagram.com/btcforbeginners/ Twitter: https://twitter.com/btcforbeginners/
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Text Comments (123)
Bitcoin for Beginners (1 year ago)
Disclaimer: Always do your own research before you decide to buy any particular coin. Under no circumstances do my statements represent a recommendation to buy/sell various coins. Please follow all applicable laws in your country as it applies to cryptocurrency. Hey folks, I hope you enjoyed this video! Please be sure to CLICK SUBSCRIBE and also join the sister Facebook group here: https://www.facebook.com/groups/cryptoforbeginners/ I'm trying to build a large community where everyone can learn about cryptocurrency and enter the broader crypto community as an informed and responsible member!
Bit Coins (23 days ago)
thank you man you survived me
Bitcoin for Beginners (19 days ago)
Glad I could help!
StydianX GameTV (1 month ago)
I have a questino: "Under settings > info" it says "Wallet creation height: 0 (click to change)" do i need to change this for me to be able to receive transaction?
StydianX GameTV (1 month ago)
+Bitcoin for Beginners yes it is the latest version of Monero GUI. please do and thanks for responding.
Bitcoin for Beginners (1 month ago)
Hi, is that a newer version? I don't remember that in the older version. I should download the latest wallet some time
Fennec (3 months ago)
Too many steps. This will never reach mainstream appeal.
Bitcoin for Beginners (3 months ago)
Hopefully the newer versions will be easier
三五瓶逼两拳 (5 months ago)
Unable to complete synchronization
三五瓶逼两拳 (5 months ago)
Sync block time took 2 days
Bitcoin for Beginners (5 months ago)
Not sure why, more details?
Grace (Rebecca Rachmany) (6 months ago)
Not enough detail to install windows wallet
sara jones (6 months ago)
Can you let me know that when will you list $XMV? Thank you in advance! Have a nice day!
__mrgrownfaun556__ (7 months ago)
LINK??????????
Bitcoin for Beginners (7 months ago)
link to what?
Psaikodelik (7 months ago)
Using open source software and 100% anonymous and decentralized currency on a Mac xD ohh, the irony!!!
Bitcoin for Beginners (7 months ago)
looooool
Consultoria Redes (7 months ago)
go monero!!!
Paul Legaspi (7 months ago)
Who is getmonero.org vs monero.org?
Ravindra Nagrecha (3 months ago)
+Bitcoin for Beginners Don't think about it IT IS the official website
Bitcoin for Beginners (7 months ago)
I think Getmonero is the official one
JONATHAN LEE JONES (8 months ago)
Nice easy and informative video. Cheers
Thank You very much for your help
First Last (9 months ago)
6 mins not including the 50 hours of syncing.
필하트 (9 months ago)
$10,000 monero to the moon in 2018.
Mr. Franco (3 months ago)
Monero V doesn't appear in coin market cap.
Official RyokoBear (10 months ago)
Is setting up wallet be able to receive XMV airdrop? Thanks!
Residual Income (10 months ago)
can you store Monero on a Ledger nano s?
FanGT (9 months ago)
Nah but there currently working on supporting it.
Zed Wolfram (10 months ago)
I'm investing in Monero. There are talks about an upcoming Monero fork with airdrop distribution, is this legit? MoneroV is claiming to be the finite version of Monero. Anybody familiar with this??
Missy Robinson (10 months ago)
Any thought about the MoneroV (the fork of Monero) wallet?
Zed Wolfram (10 months ago)
If you are serious in and studied investing, you'll hold Monero. See the charts? Because there's a hard-fork coming up, it's called MoneroV, and it will finally solve 'Scaling Problem' because of Monero's infinity. If you're familiar with blockchain's nature, you'll see why it is a problem.
Eric Scherzinger (10 months ago)
What about restoring wallet from keys like mymonero to GUI wallet
Henry Salazar (10 months ago)
I have this error. Missing api-ms-win-core-libraryloader-1-2-0.dll
Bitcoin for Beginners (10 months ago)
+Henry Salazar I use Mac unfortunately
Maaz Ahmed (10 months ago)
What's the difference between 3 addresses? Address, payment ID, and Integrated Address
jon hamm (11 months ago)
Q: payment ID is an insufficient number of digits for what Shapeshift and Changelly are asking for, yet generating new numbers yields the same amount of digits which prevents my desired transactions(conversions)
LastxKing (11 months ago)
Does this make my PC slower?
Thanks so much for this! Have been reading about air-gapped computer/usb to create a wallet. I don't really have that option. Is this fairly safe in comparison? I'm pretty sure my computer is clean. How does this compare to the github monermoo wallet? Thanks again. Awesome work.
One-Eye (11 months ago)
After three days I'm still waiting for my wallet to finish synchronising. At this rate it may be done Tuesday afternoon.
SImple Miner (11 months ago)
Great video Thanks!...I tried simpleminer.io and I can just recommend it! (Monero miner)
Bitcoin for Beginners (11 months ago)
Ooo thanks Ill check it out!
Mr Smith (11 months ago)
My Monero wallet on my Mac is showing it is Connected but coins from paper wallet have not arrived, any suggestions ?
Mr Smith (11 months ago)
How do I get a private node for my mac as I do not want remote node
Kisang Kim (11 months ago)
When I used local node, the hard disk was always busy so hard to use the computer, but after changing to remote very good on my computer. Actually I do not know the difference between these nodes.
Mr Smith (11 months ago)
Thank you
Bitcoin for Beginners (11 months ago)
+Mr Smith I think just setting it as local host and the port correctly would be enough
Stefano Mandelli (11 months ago)
do you suggest (i mean for paper walllet) after restored with the Gui (to see transactions and the amount of the wallet) to erase gui monero from PC? I ask you that about security. Or there is no problem leave application gui monero inside pc that is always connected to internet?
Flip Coin (11 months ago)
What is the remote node for?? Why do we need to use the node from monero world?
Bitcoin for Beginners (11 months ago)
its just a quicker way to sync the blockchain
Dimi Dh (11 months ago)
Very good video, thx for setting this up!
PSK (11 months ago)
Bitcoin for Beginners when i mine with some miners does it automaticly go to my wallet on pc???
Bitcoin for Beginners (11 months ago)
my pleasure!
Remy TheOriginal (11 months ago)
Is jaxx any good? Or are there any other programms that store more kinds of coins?
Bitcoin for Beginners (11 months ago)
ive heard of Jaxx having some problems. I'd use Exodus for a good desktop wallet choice
Robert Rose (1 year ago)
Get Monero client has a 4-6 hour download with a 200 Mbps connection? nahhh I'll pass
Oh I see. Funnel cakes are still good though.
Robert Rose (9 months ago)
ecobill8222 You missed the point. Its a waste of time and resoures, thats the point
Just don't sit there and watch it download take a nap or make some funnel cakes
Fem-dom Destiny (10 months ago)
Will those 27Gb increase in the future?
Aristotle Hren-Boulis (11 months ago)
Thats why you use the remote node which is the section at 3:12. You dont have to download the blockchain which is what your talking about. It connects to someone elses hosted blockchain. Its like the electrum wallet if you know what that is. Versus downloading the whole blockchain with some wallets. If you do want to download the whole thing like your talking about yes it is 27gb of data.
Tim Swoveland (1 year ago)
Not very helpful, video doesn't show you how to get to each page. Why put this up!
Tim Swoveland (1 year ago)
Not very helpful, video doesn't show you how to get to each page. Why put this up!
Tim Swoveland (1 year ago)
Wheres the landing page for the wallet you are showing?
Sunil Dahiya (1 year ago)
How to restore monero wallet
Sten Zaid (1 year ago)
Hi, nice video, can you tell me please how to exchange monero to btc? Thank you!
Bitcoin for Beginners (1 year ago)
Go to any exchange that offers a XMR/BTC trading pair. Maybe Bittrex is an option?
David Darling (1 year ago)
Great tutorial, easy to follow. Others should take note.
Bitcoin for Beginners (1 year ago)
yay thanks :)
Dang Baso (1 year ago)
good tut for stoners
WREKLS1 (1 year ago)
Hey thanks for the video... As you can see by this comment 12-7-17 I'm running late....
Bitcoin for Beginners (1 year ago)
haha no worries!
WREKLS1 (1 year ago)
Awesomeness
Bitcoin for Beginners (1 year ago)
thanks!
Martin Belmont (1 year ago)
How do I backup my monero wallet? Is it necessary like with bitcoin? Anyone help.
Alain de Guébriant (11 months ago)
Bitcoin for Beginners I thought that having the seed (words) was enough to restore a wallet. Where is the private key in the wallets like copay or Jaxx?
Bitcoin for Beginners (1 year ago)
All you need is your seed phrase and your private keys!
Brian Nicholson (1 year ago)
hey i have the gui wallet and its dec 6 today and i started syncing it on nov 27 and it still is not done syncing. whats wrong?
Kisang Kim (11 months ago)
Many options to improve sync. Use remote node, or buy a good computer with SSD storage, or download the raw blockchain data to run sync locally. I used local but getting raw block file first still took 2 days.
Brian Nicholson (1 year ago)
Bitcoin for Beginners thanks man! I just did it and it fixed the issue! Now i notice you said it’s less private. What if I want to have maximum privacy?
Bitcoin for Beginners (1 year ago)
DId you try connecting to remote node like I did in the video?
Vacou (1 year ago)
Thanks, my computer would have needed like 1 week or more without this to synchronize. :D
Hung Le (1 year ago)
what is the difference between address and integrated address? Please help.
syndicate ccv (1 year ago)
hacker needed???dm me on instagram for bitcoins hack only not interested in any other than bitcoins 100% @bitcoinsonly4us!!!!
Alonzo Turner (1 year ago)
how long should it take for gui wallet to synchronize it has been doing its thing all day any suggestions???
Bitcoin for Beginners (1 year ago)
are you connecting to a remote node?
BlueIceAce (1 year ago)
Thanks for your video! I'm just wondering what type of wallet is this? And after you send yourself Monero from the exchange, is your Monero now safely stored on your hard disk instead of the exchange? Thanks!
WREKLS1 (1 year ago)
I'm a noob lol me 2!
BlueIceAce (1 year ago)
Thank you so much for the quick reply. Keep it up, your channel is great!
Bitcoin for Beginners (1 year ago)
Yes. The wallet is just an interface to use your keys to access/transfer your coins. You can replace that interface with another one and it will still work. So just write down or store your keys/seed words somewhere and you'll be good.
BlueIceAce (1 year ago)
Wow sick! Thanks for the reply. Sorry I'm a noob, asking stupid questions. So once you transfer your coins from the exchange to the desktop wallet, your coins are kept there. And the private key/seed phrase is use to 'recover' your coins in any case that your computer dies?
Bitcoin for Beginners (1 year ago)
This is the official Mac desktop wallet. And no it's not stored on your hard disk. Your wallet is just an interface to the blockchain. The wallet contains your private key which lets you control your coins. So technically all you need is the private key/seed phrase to access your coins. If your hard disk died you'd still be able to access your coins as long as you have your keys/seed words - you can just export it elsewhere!
EHJC (1 year ago)
Awesome video
Wayne M (1 year ago)
I Subs Man! Awesome Video On Monero.
Bitcoin for Beginners (1 year ago)
thank you :)
MemesForACause (1 year ago)
why shouldnt you leave coins on exchange? what does it mean? good video btw
Dang Baso (1 year ago)
and you could end up without ur coins if u leave em for few months^^
Bitcoin for Beginners (1 year ago)
Bc they have full control over your coins. They could just commandeer it technically if they wanted to.
Carol Dehasse (1 year ago)
You have NO idea how I've been struggling with the damned daemon. I can't believe it. I sent Monero to this wallet that I thought I lost. THANK YOU!
Dana hay (11 months ago)
I have the same issue, and I just change to remote note, its synchronizing now, I hope I see my XMR  did you figure out? cuz I sent it from bittrex and bittrex shows withdraw completed.
Carol Dehasse (1 year ago)
I plugged in your remote host. My local host would never stay connected. It's still going super slow but at least it's still connected. I can wait, I imagine it will take several days?
Bitcoin for Beginners (1 year ago)
Local host is much much slower
Bitcoin for Beginners (1 year ago)
depends, are you connecting to the remote node or using the local host?
Carol Dehasse (1 year ago)
Do you know long it takes to sync? I haven't seen my 3.5 XMR in a week or more...Seriously I was all over reddit and stackechange and saw nothing but super complicated possible solutions.
Bridget (1 year ago)
Hey is there any NVidia GUI Miner?
Jackson Martinez (1 year ago)
Hey there, I try to unzip the file, I click on monero gui.exe but it shows me this: I miss the libgcc_s_seh-1.dll file on my computer. What is the simple way to do this? Thank you
Andre Steve (1 year ago)
bro pls how to restore monero wallet from keys n seed and open wallet from file,thnks
Don Wood (1 year ago)
What about Verge XVG about 80th or so on All Cryptocurrencies CoinMarketCap
Trollzitsuj Horne (1 year ago)
I can't seem to open the application..
Trollzitsuj Horne (1 year ago)
macOS Sierra Version 10.12.6
Bitcoin for Beginners (1 year ago)
What OS are you using?
Andre Steve (1 year ago)
can you tell wht function of daemon and when we need to use it?
Bitcoin for Beginners (1 year ago)
my pleasure!
Andre Steve (1 year ago)
thank you very much bro
Bitcoin for Beginners (1 year ago)
Andre Steve daemon is the service running on your computer that processes the Monero blockchain. So you can either use local host to process it. Or connect to a remote node to outsource most of the processing per say.
Gavin Brinck (1 year ago)
great stuff, ez . for simple pc set ups, you might want to go through unzipping the client file !  cheers
Bitcoin for Beginners (1 year ago)
Good idea! Thanks :)
joseph ferguson (1 year ago)
another great video....Can i put TenX in this wallet? or would i need a different wallet?..thanks again.
Bitcoin for Beginners (1 year ago)
Thank you!
joseph ferguson (1 year ago)
thanks for the info, i really enjoy your channel
Bitcoin for Beginners (1 year ago)
+joseph ferguson you can't put Tenx in a Monero wallet. I believe Tenx is an ERC 20 token? If so, you can use any ethereum wallet that can hold erc20 tokens.
Mark Gill (1 year ago)
This is really helpful, thanks!
Bitcoin for Beginners (1 year ago)
my pleasure!
Melpheos1er (1 year ago)
Nice guide
Bitcoin for Beginners (1 year ago)
thank you!

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