The Choice of Cold Wallet

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Regarding the choice of cold wallet:

People often ask me to recommend cold wallets. Now I basically keep them in my mobile phone. I use Apple and connect to the Internet every day. It has not been stolen in these years.

I found that most Internet thefts are caused by clicking on some phishing links.

There are many cold wallets. In the early years (around 2014), a man named Lao Ye made a cold wallet called Bidingxing or something. It was open source. He probably held more than 1,000 pancakes publicly.

At that time, this kind of cold wallet was still a rarity, and I had used their products. Later, one of our early mining friends thought that he only had more than 1,000 cakes. This wallet must have a backdoor or something, and it would not be worth it if it was stolen again. .

Later, I also received gifts from some cold wallet development companies, which probably meant giving you a trial version and sending them a product link.

I also gave this kind of commemorative version to a few group friends, and later asked them if they had any use, but they were all left in the garage to collect dust. In fact, everyone knows that this technology is much more mature now, and it is unlikely to have backdoors or loopholes.

It’s just that the safety of funds is no small matter, and the creation of a cold wallet is actually very simple.

Buy an iPhone, or restore the iPhone to factory settings that is about to be retired, download a wallet on your phone, save the mnemonic, it is best to recite it by handwriting, and copy the wallet address to permanently shut down the Internet.

Then the money will be transferred to the target address continuously, and the wallet will be restored when needed.

The more hard-core approach is to download a native wallet on your computer, like Panzi’s Qt wallet, but it requires relatively high computer memory. #BTC #WIF #pepe

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