# Wallet Setup

Within this section we will be going over new wallet setup and also importing an existing wallet\
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**PLEASE READ BEFORE SETTING WALLET UP!**\
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**First Ledger is a self custody wallet**\
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The keys are stored in the browser you used to set up the wallet. If you created the wallet through the Telegram bot, the encrypted wallet file is saved in the Telegram mini app browser. If you set it up directly on the FL site, it’s stored in that browser (like Safari or Chrome).

You can’t open a wallet created in one browser (like Chrome) in another (like the Telegram mini app). To access your wallet in both, you’ll need to import the encrypted wallet file or recovery phrase into the other browser.

You can trade using both the FL site and the Telegram bot. They are interchangeable, but ensure your keys are imported into both platforms if you want to use them outside of Telegram as well as within it.\
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We SUGGUEST the best way to create your wallet is to start on the website first!<br>


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