A Quick Guide to Imtoken Cold Wallet Tutorial
A multichain wallet with a powerful encryption technology to keep your coins safe. It also offers a seed statement to recover your account in case of loss or theft.
The first step is to create an identity and confirm the terms of service. Back up your wallet by entering and saving the mnemonic phrase (12 random words) and selecting Confirm Backup.
1. Download the app
The Imtoken Wallet app allows you to manage multiple cryptocurrencies with ease. It features a variety of security measures designed to keep your private keys safe and secure. These include a multi-character password, offline transaction signing, and third-party security audits. It also offers a recovery seed that can be used to restore your keys in the event of a loss or theft.
The wallet app is non-custodial, which means that it stores your private keys on your device instead of on the company’s servers. This gives you complete control over your funds. Additionally, it is compatible with Ledger wallets and other hardware wallets.
To get started, you must first create an identity. You can do this by clicking “My Profile” –> “Manage Wallets” –> “Add wallet”. Select the ETH wallet that you would like to use as your cold wallet and click the Scan button. This will generate an Offline Transaction QR code that you can scan with your networked phone.
Once you have created an identity, you can import your existing mnemonic phrase to imToken. Then, you can add coins to your wallet. Once you’ve added your assets, you can trade them on the built-in exchange. You can also view the price feeds synchronized with major global exchanges, and you can set up price alarms. This makes imToken an attractive cryptocurrency wallet.
2. Create an identity
With Imtoken Cold Wallet, users have full control over their assets. However, as it is a self-custodial wallet, it means that users need to be alert enough and have adequate security knowledge to protect their assets from being lost, stolen or scammed. To do so, they need to back up their mnemonic phrase (or private key) carefully. It is recommended that they do so through physical media, such as writing it down on paper or storing it using an imKey, which provides the highest level of security in digital asset management by encrypting users’ mnemonic phrases completely offline.
Imtoken Cold Wallet supports Bitcoin, Ethereum and EOS wallets with a maximum of three distinct identities per user. It also supports the ability to import wallets from other cold wallets – however, it is important to note that all wallets imported into an identity will be brand new and not backed up by the original mnemonic passphrase used in those previous wallets.
For those who are worried about the security of their cryptos, imToken has integrated Blue from Ledger and Coolwallet S to allow users to keep their private keys offline while making transactions and participating in DApps. They only need to connect their device with the app when necessary. This way, their digital assets are never exposed to hackers or other third parties.
3. Back up your mnemonic phrase
Your mnemonic phrase, also known as a seed recovery phrase, is the only way to restore your wallet should you lose or damage it. This is why it’s important to backup this 12-word phrase before attempting to use imToken again. It’s also important to ensure that your mnemonic phrase is accurate. Incorrect transcriptions or spelling mistakes can lead to the loss of assets.
The easiest way to backup your mnemonic phrase is by writing it down on a piece of paper and storing the paper in a safe place. It’s recommended to make multiple copies of the paper and store them in different places, so that one point of failure can be minimized. The paper itself can be made from a variety of materials — metal, plastic, wood or even cardboard — each with their own pros and cons for cost, quality, durability and security.
If you choose to backup your mnemonic phrase online, be aware that hackers can access digital information like text files and screenshots. It’s also important to remember that once someone has your mnemonic phrase, they can control your wallet and funds. For this reason, it’s important to keep your mnemonic phrase private and away from the internet.
4. Transfer your assets
A wallet that is created offline eliminates cyber threats, making it more secure than a software wallet. Nevertheless, it can be challenging to transfer assets from a cold wallet to another one. That is where the watch wallet comes in.
Using the watch wallet, you can check your balance and send funds from the cold wallet. To do so, click on the “Assets” tab and select “Wallet”. Then, go to the “Transfer” page and enter the recipient’s address. Finally, click “Send” to complete the transaction.
The watch wallet also lets you transfer your digital assets from a mobile device to an imToken wallet. This makes it easier to manage your cryptocurrency and increase the number of users. In addition,TokenPocket cold wallet download , the app allows you to link Ledger and CoolBitX wallets to your account. CoolBitX is a company that provides crypto hardware and software solutions. It is partially owned by SBI Holdings, a large financial firm in Japan.
If you encounter any issues while using the imToken e-wallet, please contact BHO Network immediately for support. You can also check your network connection or update the software to fix the problem.
The imToken wallet can store different types of digital currencies. For example, it supports BTC, ETH, EOS, TRX, XLM, LTC and many more. You can also use the app to transfer your digital assets to other devices or exchanges.