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How to set up Mycelium cold wallet

小老鼠

Sep 27, 2024 pm 04:02 PM

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To set up a Mycelium cold wallet, follow these steps: Download the Mycelium app and connect a hardware wallet (Ledger or Trezor), create a new wallet. Generate a new receiving address in the "Receive" tab. Send cryptocurrency to the generated address. Disconnect the hardware wallet and store it safely.

How to set up Mycelium cold wallet

How to set up Mycelium cold wallet

Step 1: Create a cold wallet

Download the Mycelium app and follow the prompts to create a new wallet.
Select "Hardware Wallet" and then "Ledger" or "Trezor".
Follow the on-screen instructions to connect your hardware wallet.

Step 2: Generate Cold Wallet Address

In the Mycelium app, go to the Receive tab.
Select your hardware wallet and click "Generate new receiving address".
A QR code and wallet address will be displayed. This is the address you will use to receive cryptocurrency.

Step 3: Transfer crypto to cold wallet

Use another wallet or exchange to send the crypto to you in step 2 Generated wallet address.
Confirm the transaction and wait for it to complete.

Step 4: Disconnect Hardware Wallet and Store Safely

Once the cryptocurrency transfer is complete, disconnect the hardware wallet from the Mycelium app .
Store your hardware wallet securely in a safe place, such as a safe or safe deposit box.

Note:

Make sure your hardware wallet is always on the latest version of firmware.
Back up your recovery seeds and store them safely.
Enable PIN or password protection on your hardware wallet.
Always download Mycelium apps from official sources.

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