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I will help you securely set up a bitcoin cold wallet step by step
David R
About this gig
Many people do not understand or own a cold wallet for storing cryptocurrency like bitcoin. I can teach you how to order a physical cold wallet, how to set it up, and how to spend cryptocurrency from your wallet. Remember to never share your seed phase with anyone, including me! A seed phase is a 12 word passcode which is generated when a physical cold wallet like a ledger, cold card mk4, or other device is turned on. This passcode is directly tied to that wallet only. If this passcode is lost, all cryptocurrency on that cold wallet is lost forever, so make sure to write it down. Even if your physical cold wallet is lost or destroyed, as long as you have the seed phase you can order a new one and input your seed phase and you will have full access to your funds again.
Get to know David R
David R
Cryptocurrency Expert
- FromUnited States
- Member sinceNov 2020
- Avg. response time8 hours
Languages
English
I am an expert in bitcoin mining and the process of setting up a bitcoin mining operation. I am also an expert in cold wallet crypto currency storage and have an expansive list of trading card game knowledge.
FAQ
What is bitcoin?
Bitcoin is a digitally scarce asset that is sellable, tradable, and buyable. It can be held on wallets or exchange wallets when purchased such as from robinhood, coinbase, or kraken stock exchanges.
What is a cold wallet?
A cold wallet is a physical device that stores a private key that allows its user to spend the cryptocurrency like bitcoin from its address. It is an offline device, so the private key password never touches the internet, and spends by using a sd card and a pc port to access the funds on the device.
What is a seed phase?
A cold wallet seed phase is a 12 worded passcode that is very important to remember in case the physical cold wallet is lost. If the physical cold wallet device is lost, if you have the seed phase code you can simply input it into a new cold wallet and the access is restored.
