# Wallet Setup

### You can setup a wallet in 2 ways

1. Generate a wallet through Cookbot
2. Import an existing wallet using your mnemonic phrase

#### Create Wallet:

Click the generate wallet button

{% hint style="warning" %}
Make sure to save your mnemonic phase somewhere securely
{% endhint %}

#### Import Wallet

Follow this step-by-step guide how to extract your private key from Compass Wallet.

1. Open your Compass Wallet browser extension, then click on the button top left ![](https://2778330982-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2PYWglIVKQVucT1cpsLi%2Fuploads%2FWeDe5oiv9GZ932mNy4QO%2Fimage.png?alt=media\&token=50019f7b-0dfd-45cc-93bb-fd95f1563811)
2. Click on "Export Private Key"\
   ![](https://2778330982-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2PYWglIVKQVucT1cpsLi%2Fuploads%2FEuogc84ZxYq6lOrrQ6gv%2Fimage.png?alt=media\&token=71afcdcf-2444-491f-8524-69e4e439f211)<br>
3. Insert your password
4. Your Private Key will display here. Copy it to clipboard\
   &#x20;![](https://2778330982-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2PYWglIVKQVucT1cpsLi%2Fuploads%2FKOur08MtnJG52bmSGk4x%2Fimage.png?alt=media\&token=f083fca9-5452-4ddf-a61e-edf1ee80955e)
5. Head to CookBot on your Telegram, and type /start
6. Click on Wallet Settings\
   ![](https://2778330982-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2PYWglIVKQVucT1cpsLi%2Fuploads%2F6vsBQig7nleq1okC0htO%2Fimage.png?alt=media\&token=482683cf-3b83-4f77-88c2-ba320efc3f63)
7. Click on "Add Seed Phrase"\
   ![](https://2778330982-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2PYWglIVKQVucT1cpsLi%2Fuploads%2Fefm2IFV2AfVWG9gIv4eI%2Fimage.png?alt=media\&token=40943c10-b4d5-4306-b198-046649fb145e)
8. Paste your seed phrase directly and send it\
   ![](https://2778330982-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2PYWglIVKQVucT1cpsLi%2Fuploads%2FHaNDeHP1vzm9rNqk6ORc%2Fimage.png?alt=media\&token=e4f2db63-4a5d-4dea-8754-c782158d8b93)
9.
10.
11. \
    \* insert compass seedphrase flow\*

{% hint style="danger" %}
**WARNING: Never share this key with anyone. Anyone who has access to this private key will have access to your wallet. It is very important not to share!**
{% endhint %}