Got it. I went to set up a coin OS wallet. I noticed when I went to set up the coin OS wallet it asked me do I want to sign in with Nostr. Should I choose this option or enter a new username and password?

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If you have set up your Alby extension to be able to log you in, then you can absolutely log in with Nostr. Would highly discourage just pasting in your private key, though.

Otherwise, username and password is fine.