LLM Wiki / Episode

How to set up the different PINs of Cold Card Wallet

WCN · 2019-05-06 ·00:14:16 ·World Crypto Network
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Summary

## Cold Card Wallet PIN Setup: A Comprehensive Guide

This podcast episode, part of a series, provides an in-depth guide on setting up the various PIN options available on a Cold Card wallet, a device designed for secure cold storage of Bitcoin private keys. The guide emphasizes the critical importance of meticulous setup and secure storage of PIN codes, highlighting the irreversible nature of certain features. The Cold Card offers four distinct PIN options: a main pin for advanced settings, a secondary wallet pin for isolating funds, a duress wallet pin as a "honey pot" for potential compromise, and a "break me" pin for complete device destruction. The podcast stresses the need for unique, randomly generated PINs (even suggesting 9999999 as a potential clearing code) and the absolute necessity of writing them down offline in a secure location.

The setup process allows for a total of four active wallets, each accessible via a unique PIN and associated seed phrase. The Cold Card utilizes hashing and security algorithms to generate these phrases, creating multiple layers of protection. The podcast also discusses the importance of backups, recommending storing a secure SD card with backup files in case of device damage. In the event of a severe compromise, the recommended procedure involves generating a "Brickney" PIN to wipe the software and then physically destroying the secure element of the device to ensure complete data obliteration. The episode concludes with a giveaway of Cold Card wallets for open-source Bitcoin contributors, hosted by the World Crypto Network.

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#bitcoin#cryptocurrency#lightning#crypto#cold#card

People mentioned

World Crypto Network