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How to use Bitpie cold wallet correctly

Hannah Marie Garcia

Sep 27, 2024 am 11:25 AM

BlockchainBitcoincryptocurrencycold wallet

The steps to use Bitpie cold wallet are as follows: Download the official Bitpie application. Create a new wallet and select a mnemonic phrase type. Safely back up your mnemonic phrase and keep it in a safe place. Get Bitcoin address. Connect the cold wallet using a USB cable. Enter your password and confirm the transaction. Sign transactions on cold wallets. The transaction will be broadcast to the Bitcoin network. Provide a Bitcoin address to receive funds. Once the transaction is confirmed, the funds will be safely deposited into the cold wallet.

How to use Bitpie cold wallet correctly

How to use Bitpie cold wallet correctly

Overview

Bitcoin Cold Wallet A wallet is an offline device used to store cryptocurrencies securely, independent of an internet connection. Bitpie Cold Wallet is a popular hardware wallet that protects your digital assets from hackers and theft.

Settings

Download the Bitpie app: Download the official Bitpie app on your mobile device.
Create a new wallet: Open the app and create a new wallet.
Select the mnemonic type: Select the mnemonic type (12 words or 24 words).
Secure Backup: Record your mnemonic phrase carefully and keep it in a safe place. This mnemonic phrase is the only way to restore your wallet.
Get Address: Once the wallet is created, you will be given a Bitcoin address.

Connect the cold wallet using

: Connect the cold wallet to your mobile device using a USB cable.
Enter password: Enter your password on the cold wallet.
Confirm transaction: Confirm the transaction you want to send on your mobile device.
Sign transaction: Sign the transaction by pressing the confirm button on the cold wallet.
Send Transaction: The transaction will be broadcast to the Bitcoin network.

Receive funds

Provide a Bitcoin address: Give your Bitcoins to those who wish to send you funds address.
Confirm receipt: The transaction will show as unconfirmed on the cold wallet.
Confirmation Confirmation: Once a transaction gets a certain number of confirmations on the blockchain, it will be considered confirmed.

Safety Tips

Safely back up your mnemonic phrase: The mnemonic phrase is the only way to restore your wallet, So please keep it in a safe place.
Use a strong password: Set a strong password for your cold wallet.
Keep your software updated: Update your cold wallet software regularly for security patches.
Handle transactions with caution: Check the transaction details carefully before confirming the transaction.
Avoid making your mnemonic phrase public: Never share your mnemonic phrase with anyone.

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