Family let’s you create an infinite number of wallets from the Mission Control screen. This is useful if you need a new wallet to use only for specific assets, like a governance token, or just want to keep your assets organized by different onchain actions, like buying collectibles or engaging in DeFi protocols. Each new wallet you create will contain a unique Private Key, but the same Secret Recovery Phrase. That is unless you Create a new Wallet Group. You can always check which wallets are associated with which Secret Recovery Phrase in your Backups.
How to create a new wallet
From the Mission Control screen, you can easily create a new wallet by tapping the 
button. Here’s how:
- From the Mission Control screen, tap the button to the right of Your Wallets.
- Select Create New.
- Choose a nickname for your wallet. This name is only visible to you.
- Choose a color for this wallet. You can always edit the color later.
- Choose an avatar for your wallet. You can chose an image from your device, take a photo, use an emoji, or use an icon. After you set a displace image, tap Continue.
- Read and agree to the terms on the screen before you continue.
- After you’ve read and agreed to the terms, your wallet is ready.