cold wallet Archives - Coin Guides

Recovery Seed Phrase, Passphrase, PIN & Password – What is the difference?

coinguides — Fri, 10 Jun 2022 03:33:39 +0000

Recovery Seed, Passphrase. PIN and Password. These are basic security features used by cryptocurrency wallets. If you are new to Bitcoin and crypto space then all of these terms might sound scary. It can get confusing for new Bitcoiners who are setting up their wallet for the first time. Many new users keep thinking what …

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How to setup passphrase on Trezor – Enable 25th word protection

coinguides — Thu, 31 Mar 2022 11:32:43 +0000

Did you know that you can create hidden wallets in your Trezor? Passphrase enables hidden wallet and is the ultimate protection for your Trezor wallet. Learn how to protect your hardware wallet accounts using passphrase. Both Trezor devices (Model One and Model T) gives you the option to create passphrase and it allows passphrase length …

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How to safely update your Trezor wallet – Trezor firmware upgrade guide

coinguides — Sat, 20 Mar 2021 00:48:43 +0000

When did you last use your Trezor device or when did you last update your firmware? Trezor is one of the most secure cryptocurrency hardware wallet that you can use for safely storing your Bitcoins and altcoins. Most use this hardware wallet as a long term secure storage solution. They simple setup the device, backup …

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Accessing standard and hidden accounts of your Trezor wallet on Electrum

coinguides — Sun, 13 Dec 2020 05:59:09 +0000

Electrum is a fully open source light weight desktop wallet available for Windows, Mac and Linux. Its a very popular wallet that can be used individually and can also be paired with hardware wallets like Ledger and Trezor. Electrum Bitcoin wallet offers several advanced features like: Multisig Support. LN (Lightning Network) Support. Coin control, Change …

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BIP39 Wallets – List of wallets that support BIP39 mnemonic seed phrase

coinguides — Mon, 26 Oct 2020 06:46:00 +0000

In this article we’ll share the list of concurrency wallets (both hardware and software) that supports BIP39 standard or BIP39 mnemonic recover seed phrase. To store your Bitcoins you basically need a wallet app. You can download a software wallet to your PC, smart phone or you can get yourself a hardware wallet. Most of …

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Paper wallet risks – Why you should avoid storing Bitcoin in a paper wallet?

coinguides — Mon, 13 Jul 2020 08:02:00 +0000

Out of many Bitcoin storage methods; paper wallets are perhaps the least understood of all. Often paper wallets are considered to be the most secure way of storing Bitcoin and cryptocurrencies. Well, it’s true. However paper wallets also come with some serious drawbacks and most users are not aware of the paper wallet risks. This …

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Binance Hacked: $40 Million worth of Bitcoin stolen but funds are SAFU

coinguides — Wed, 08 May 2019 10:26:18 +0000

The world’s largest cryptocurrency exchange Binance has been hacked. On May 07 2019: Binance, has suffered a large scale security breach where the hackers managed to stole around 7000 Bitcoin which is worth more than $40 Million USD at current price. The hack occurred at an inappropriate time for the exchange and it appears to …

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