MultiversX Tracker is Live!

Create your own hardware wallet tutorial.

All Cryptocurrencies

by COINS NEWS 87 Views

There are some concerns about hard wallet security, especially related to Ledger. Even though Trezor wallet seems like a safer option, there's still an underlying fear of a similar situation happening, where seed phrases can be extracted. Trust no one when it comes to cryptocurrency.

With these concerns in mind, I have decided to put together a simple tutorial on how to create your own cold wallet. Here is how to transfer your reddit wallet to a hardware wallet.

  1. Firstly, acquire a spare phone (iPhone or Android). If you don't have one, a good alternative is to purchase an older iPhone from eBay. Or even better, Amazon has on sale Fire tablets for less than $60. 1b. Complete all the necessary operating system (OS) updates because after step 2 you should disable all internet access. 1c. make sure device is encrypted, iphone comes as default but something like fire kindle it is not.
  2. Install the AirGap Vault. If it's an Android, you can install the apk directly. For an iPhone, you can download it from the App Store.
  3. Once installed, disable all WiFi and cellular connectivity by manually erasing any network information. Then, switch on airplane mode. If there's a SIM card, remove it as well. From here on out this device should never have any internet access.
  4. Launch the vault and either generate a new seed or import an existing one. As an experiment, I imported my Reddit wallet so it could have its own pseudo "cold wallet." This isn't a true air-gapped cold wallet, as the Reddit seed phrases are tied to account and have already been exposed online . For a true cold wallet the seed phrase should be on a device that has never been exposed online.
  5. Add Ethereum coin to the new vault wallet.
  6. Import a hard wallet from MetaMask.
  7. Then, add the relevant NOVA and Moon information - you can find this via a quick Google search.
  8. To initiate a transaction on MetaMask, generate a QR code, then click on the scanner in the vault wallet to scan the QR code. Review the transaction, confirm it, which will generate another QR code. Finally, sign it on MetaMask using the new QR code.
  9. if you don't do much trading then go ahead and delete the wallet on our vault and leave the metmask to view.
  10. also for something like btc you could use bluewallet with similar protocol as MM.
submitted by /u/greenappletree
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments