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At Coinplate our founder Adam, and the team have been involved in the cryptocurrency world for a pretty long time, and we’ve seen plenty of people get into crypto with wide eyes and absolutely zero preparation, only to then lose their investments because they didn’t bother doing the research on how to keep it all […]
As we wrap up 2024 and usher in the new year, it’s clearer and clearer with each 12 months that pass that cryptocurrencies are no longer the niche interest of tech-savvy pioneers and libertarian dreamers. What was once dismissed as a speculative bubble or even a passing fad has now become a legitimate part of […]
Protecting our money comes like second nature for most people. We lock cash away in safes, secure bank accounts with passwords, and keep credit cards out of reach from prying eyes. However, when it comes to the newer financial institutions and the cryptocurrency world in particular, how can we evolve our approach to safeguarding wealth? […]
SLIP39, also known as Shamir’s Secret Sharing for Mnemonic Codes, is an advanced method for securing cryptocurrency seed phrases. This protocol allows users to split their seed phrase into multiple shares, enhancing security and providing redundancy. SLIP39 is particularly useful for those who want to distribute their seed phrase across different locations or among trusted […]
Introduction If you own any cryptocurrency, it’s super important to understand what private keys are and how they keep your digital money safe. Private key is like the secret code that gives you control over your crypto funds. In this article, we’ll break down what private keys are and why they’re such a big deal […]
Introduction In the world of cryptocurrencies, security is of utmost importance. One of the key components in securing your digital assets is protecting your wallet’s seed phrase. But did you know that you can add an extra layer of security to your wallet by using a BIP39 passphrase? A BIP39 passphrase is an optional phrase […]
I. Introduction Just picture this: You’ve recently delved into the fascinating world of cryptocurrencies. You’ve got some Bitcoin, maybe a little Ethereum, and you’re keeping it all in a shiny new digital wallet. But do you ever wonder where your coins really are? If you think they’re stored in your digital wallet, well, you’re not […]
I. Introduction A wave of digital transformation has been sweeping across the globe and the world of finance hasn’t been immune. At the heart of this transformation are cryptocurrencies – digital or virtual currencies that use cryptography for security. Bitcoin, Ethereum, and a multitude of others now populate this crypto-universe, with their decentralized control distinguishing […]
I. Introduction Welcome to the world of cryptocurrency, where words like ‘derivation path’ float around as if they were as commonplace as ‘wallet’ or ‘transaction.’ But what exactly is a derivation path? Put simply, a derivation path is a ‘route’ or ‘direction’ that your Hierarchical Deterministic (HD) wallet uses to generate new addresses. Think of […]
Introduction Cryptocurrencies are digital or virtual currencies that utilize cryptography for security and operate on a decentralized network called blockchain. The first and most popular cryptocurrency, Bitcoin, was introduced in 2009 by an anonymous individual or group known as Satoshi Nakamoto. Since then, thousands of cryptocurrencies have been created, each with its unique features and […]
