When you log in for the first time after registering, you must create a channel.
So you will be presented with the "Add a channel" screen.
First, you have to choose a channel role and privacy (you can change it later though). For example, you can choose Social, Mostly Public. According to what you choose, the default permission will change. For example, Can comment on or like my posts is public by default for Social, Federation and for your connections only in Social, Mostly public.
Then, you have to choose a Name or caption. Normally, your first channel will be one that represents you - so using your own name (or pseudonym) as the channel name is a good idea. The channel name should be thought of as a title, or brief description of your channel. This is how people with know and find your channel.
The choose a short nickname box is similar to a username field. It is used to create a channel address, which other people will use to connect to you, and you will use to log in to other sites. This will look like an email address, and takes the form email@example.com. It is automatically generated according to your Name and caption, checking if the username already exists and being transliterated (so that it federates well). Basically you can use only the same characters as email addresses. If the username suggested fits you, click on Create to create your channel.
If you don't like the nickname chosen for you and want to change it, the Create button becomes blue and you can't click on it: that means you need to click on Validate to check if you can use the username you chose. If that's ok, the Create button becomes green and you can click on it to create your channel.
After setting your Role, name (real or not) and your nickname, you will be redirected on the profile page of your new channel (or something else if your site admin decided otherwise).
You can also create an other channel, as you can have as many channels as you want.
To do so, click on your avatar on the nav bar, and choose Channel manager. You then can click on + Create New.
Click on your avatar in the nav bar and select your channel.
Click on your avatar on the nav bar, and choose Channel manager. You then can click on Make default.
Some channels are designated Premium Channels and may require some action before a connection can be established with it. The Connect button for these channels will open a page which lists in detail what terms the channel owner has set. If the terms are accepted, the connection will then proceed normally. In some cases, such as with celebrities and world-reknowned publishers, this may involve payment. If the channel does not agree to the terms, the connection will not proceed, or it may proceed but with reduced permissions allowed on interactions with that channel.
Here is an example of such a message:
To set a premium channel, go to your channel Settings, then on the same left side bar select Premium Channel Settings Enable the premium channel restriction, enter your message and click on Submit.