Generate wallet

Generate a new wallet for a coin. If you want a wallet to hold tokens, generate a wallet for the native coin of the blockchain (e.g. generate an ETH wallet to hold ERC20 tokens).

Calling this endpoint does all of the following:

• Creates the user keychain locally on your machine and encrypts it with the provided passphrase (skipped if you pass a userKey).
• Creates the backup keychain locally on your machine.
• Uploads the encrypted user keychain and public backup keychain to BitGo.
• Creates the BitGo key (and the backup key if you pass backupXpubProvider) on the service.
• Creates the wallet on BitGo with the 3 public keys above.

ⓘ Many account-based assets, including Ethereum, require you to Fund Gas Tanks to initialize new wallets on chain. Ensure your gas tank has a sufficient balance to cover this cost before generating a new wallet.