guides:security:coldwallet
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guides:security:coldwallet [2022/07/15 05:53] – [From Cold to Hot wallet] formatting 86.83.93.120 | guides:security:coldwallet [2022/07/15 10:25] (current) – vleesbanaan | ||
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A cold wallet is the safest way for most individuals to store their cryptocurrencies. The idea of a cold wallet, is that you store your coins in a place that is not connected to the internet. This makes it different from a hot wallet, which is instantly accessible and in sync with the blockchain. | A cold wallet is the safest way for most individuals to store their cryptocurrencies. The idea of a cold wallet, is that you store your coins in a place that is not connected to the internet. This makes it different from a hot wallet, which is instantly accessible and in sync with the blockchain. | ||
- | ==== A simple cold wallet | + | ==== A simple cold wallet ==== |
* Download the latest Chia client installer from the [[https:// | * Download the latest Chia client installer from the [[https:// | ||
- | * Copy the file ChiaSetup-'' | + | * Copy the file ChiaSetup-'' |
* Install the client on the new PC | * Install the client on the new PC | ||
* Make sure that no-one can see your screen. Create a new private key. You will be presented with 24 words, which is called your mnemonic seed phrase. You don't need to copy them yet. | * Make sure that no-one can see your screen. Create a new private key. You will be presented with 24 words, which is called your mnemonic seed phrase. You don't need to copy them yet. | ||
* Go to the '' | * Go to the '' | ||
* Click the '' | * Click the '' | ||
- | * make sure no-one can see your screen. Click the eyeball icon which says "See private keys". Copy this information carefully. The 24-words are needed to later restore your wallet, so copy them carefully and IN ORDER! Most people copy it using notepad to a clean USB stick, but you can also write it on paper or etch it in wood or steel to make it more durable. | + | * make sure no-one can see your screen. Click the eyeball icon which says "See private keys". Copy this information carefully. The 24-words are needed to later restore your wallet, so copy them carefully and in **numbered order**! Most people copy it using notepad to a clean USB stick, but you can also write it on paper or etch it in wood or steel to make it more durable. |
* Make sure to store it in a safe place; if you lose it, you will never be able to retrieve anything you receive on your cold wallet(s)! | * Make sure to store it in a safe place; if you lose it, you will never be able to retrieve anything you receive on your cold wallet(s)! | ||
* After you are done and checked everything, delete the 24 words from the computed by clicking the bin icon. Then uninstall Chia and remove all related folders. | * After you are done and checked everything, delete the 24 words from the computed by clicking the bin icon. Then uninstall Chia and remove all related folders. |
guides/security/coldwallet.1657864394.txt.gz · Last modified: 2022/07/15 05:53 by 86.83.93.120