# Creating a New Wallet

### Prerequisites

* Terminal Wallet is downloaded: [Download & Installation](/terminal-wallet/first-time-setup/download-and-installation.md)

### Wallet Creation Walkthrough

#### 1.  Select New Wallet and press Enter

<figure><img src="/files/zgbfNheKIyikcuCPRONd" alt=""><figcaption></figcaption></figure>

#### 2. Name your new wallet. Type in your address index and press Enter.&#x20;

<figure><img src="/files/xIZNylGw07I8Dk1gQKbA" alt=""><figcaption><p>Creating a wallet with the default derivation index. To change derivation index, type in the desired index at this step.</p></figcaption></figure>

RAILGUN wallets have optional index derivations (multiple addresses generated from the same private key). In most cases the Default index of 0 is appropriate.

#### 3. Set your password and press Enter

<figure><img src="/files/6yDUyL5aP9o2QjS4YtaS" alt=""><figcaption></figcaption></figure>

You will be asked to confirm your password if this is your first time using Terminal Wallet. Please set a secure password that is not used elsewhere for maximum safety.

Your new wallet is ready and you will be taken to the [Main Balance Screen](/terminal-wallet/first-time-setup/main-balance-screen.md).


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