Editorial
Self-custody guide
A simple & secure setup for everyone
By Coin Geek
- NEVER share your seed phrase / recovery phrase / backup phrase / 24 words / 12 words with ANYONE.
- ALWAYS purchase your hardware wallet from the official store or official partners.
- ALWAYS verify your hardware wallet's authenticity.
- ALWAYS generate your seed phrase. Hardware wallets NEVER come with a seed phrase.
- NEVER enter or store your unencrypted seed phrase in ANY software or online storage services.
- ALWAYS test the backup of your seed phrase.
- Set up your hardware wallet and write down your newly generated seed phrase.
- Connect your hardware wallet to vendor-recommended software and write down your receiving addresses for Bitcoin and Ethereum.
- Reset your hardware wallet
- Import your seed phrase from step 6.1 into your hardware wallet.
- Repeat step 6.2 and verify receiving addresses for Bitcoin and Ethereum.
- TEST a small amount, both deposit and send, before depositing real money.
- Happy hodling!
FAQs
What should I do if my hardware wallet stops working?
Simply import your existing seed phrase into a new hardware wallet and regain control of your assets.
What should I do if I lose access to my hardware wallet?
Simply import your existing seed phrase into a new hardware wallet and move funds to a newly generated wallet.
What should I do if my hardware wallet is stolen?
Simply import your existing seed phrase into a new hardware wallet and move funds to a newly generated wallet.
Last updated on 9 March 2025
