# Create a wallet

To start using Coinsbuy, you need to create your first Enterprise or Merchant wallet.

While the wallet is being initialized, its status is set to *In progress*. In a couple of minutes, this status changes to *Active*, indicating that the wallet is set up and ready to use.

With Coinsbuy, you can create any number of wallets in any currencies, but consider the following:

* To create a wallet for tokens, you need to link it with a parent wallet denominated in coins.
* Enterprise wallets denominated in ETH, TRX, BNB, XRP, or XLM require the [Activation fee](#user-content-fn-1)[^1]. Make a deposit to activate such wallet. The deposit address is displayed in the Wallet address field in the wallet settings.

For a step-by-step tutorial, refer to [How to create a wallet](/how-tos/manage-your-wallets/how-to-create-a-wallet.md).

{% hint style="danger" %}
Make sure to properly [configure security settings](/get-started/configure-security-settings-and-access-permissions.md) for each newly created wallet.
{% endhint %}

[^1]: A deposit to activate your wallet.

    For more details: [Key terms](/references/key-terms.md#activation-fee)


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