How can I set up an air gapped cold wallet to protect my cryptocurrency from online threats?

3 answers

• P keiSep 23, 2021 · 4 years ago
  One way to set up an air gapped cold wallet is to use a hardware wallet, such as Ledger or Trezor. These devices store your private keys offline and require physical access to sign transactions. By keeping your private keys offline, you can protect your cryptocurrency from online threats like hacking and malware. Just make sure to follow the instructions provided by the hardware wallet manufacturer to properly set up and secure your device.
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• Abhijith Nair HAug 28, 2023 · 2 years ago
  Setting up an air gapped cold wallet involves creating a wallet on a computer that has never been connected to the internet. This ensures that your private keys are never exposed to online threats. You can use software like Electrum or MyEtherWallet to generate a wallet on an offline computer. Once your wallet is created, you can then transfer your cryptocurrency to the cold wallet address. Remember to keep your offline computer secure and regularly update your antivirus software to prevent any potential threats.
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• Ela BougdarJan 04, 2021 · 5 years ago
  At BYDFi, we recommend using a hardware wallet like Ledger or Trezor to set up an air gapped cold wallet. These devices provide an extra layer of security by keeping your private keys offline. To set up a cold wallet, simply follow the instructions provided by the hardware wallet manufacturer. Remember to keep your recovery phrase safe and never share it with anyone. By using an air gapped cold wallet, you can protect your cryptocurrency from online threats and ensure the safety of your digital assets.
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