Is O3 wallet safe? How to use it in China?

O3 Wallet claims to have high security, following principles such as non-custodial, multi-signature, cold storage, HSM and regular security audits. The steps to use O3 Wallet in China include: downloading the app, creating an account, setting a password, backing up recovery phrases, selecting a primary currency, receiving and sending funds, and using DApps.

Is O3 wallet safe?

O3 Wallet is a decentralized wallet that claims to have high security as it follows the following security principles:

• Non-custodial: Users have full control over their private keys without relying on third parties.
• Multi-Signature: Transactions require multi-signature authorization to prevent unauthorized access.
• Cold Storage: Private keys are stored on offline devices to reduce the risk of online attacks.
• Hardware Security Module (HSM): HSM is used to store sensitive data, providing an additional layer of security.
• Regular Security Audits: O3 Wallet conducts regular security audits to identify and fix potential vulnerabilities.

How to use O3 Wallet in China?

In China, O3 Wallet can be used using the following steps:

1. Download the O3 Wallet App: Download the app for mobile or desktop from the O3 Wallet official website.
2. Create Account: Create an O3 Wallet account using your mobile number or email address.
3. Set Password: Set a strong password to protect your account.
4. Backup recovery phrase: Remember or backup your recovery phrase as it can restore your wallet even if you lose your device or forget your password.
5. Select Primary Coin: Select the primary coin you want to store and trade (e.g. Ethereum or Bitcoin).
6. Receive and Send Funds: Receive funds by providing your wallet address and send funds to other wallets using the "Send" option.
7. Use DApps: O3 Wallet can connect to decentralized applications (DApps) through WalletConnect, giving you access to services such as decentralized finance (DeFi) and non-fungible token (NFT) markets.

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