A crypto hardware wallet is one of the safest ways to store your crypto.
But most people do not know how to use it the right way.
Today I am going to show you how to use a crypto hardware wallet.
How To Use A Crypto Hardware Wallet
To use a crypto hardware wallet, you need to connect it to a computer or mobile. Ten enter your secret PIN and follow the instruction to send/receive the crypto.
After receiving the crypto, now store it safely offline for added security.
What is A Hardware Wallet and How does it work?
Hardware wallets do not actually store cryptocurrency; instead, they store the private keys that allow access to the stored digital assets.
A hardware wallet is a physical USB driver device that is designed to securely store crypto and NFTs.
These hardware wallets do not actually store the crypto that you store there, instead, they safely store the private keys that allow access to the crypto stored there.
How to use a hardware crypto wallet
Several companies are making these hardware wallets so the best way is to use the device according to the manufacturer’s instructions.
However, there are some common to understand how to use hardware wallets.
Step 1- Purchase and install software
The first step is to get the crypto hardware wallet. Here are some known and popular companies making these wallets:
But the question is how do you know that this is a new wallet and is not a used one?
To ensure that, you need to check that the wallet is sealed and temper free.
Step 21- Install The Software
The second step s to download and install the software from the official website of the manufacturer.
Make sure to read the recommendations and that your computer or mobile is appropriate to use this software.
This software may require a specific operating system and processors so you need to know that.
Step 3- Connect Hardware Wallet
After installing the software on your computer, now connect the wallet to it using the USB cable provided by the manufacturer along with the wallet.
Follow the instructions to set up the hardware wallet. Set up the PIN or the Passphrase and also create a backup recovery phase which is the most important thing for your assets.
Try to save it in multiple secure offline locations.
This will help you to access your funds even if you lost the hardware wallet.
Step 4- Start Adding Funds
Now find the deposit or receive option in the software to receive the funds on your hardware wallet.
To send cryptocurrencies from the hardware wallet, select the option to send or transfer funds, and enter the recipient’s address and the amount to send. To send cryptocurrencies from your hardware wallet, select the send option.
Enter the details such as:
- Recipients address
- The amount you want to send
Then confirm the transfer by passing the security steps. The software can ask you to enter the PIN, and passphrase to ensure security.
Now all you need to do is to track the transaction on the wallet software.
Once you have done the transitions, now you need to carefully and safely disconnect the hardware wallet from the desktop/mobile device for safety.