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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 […]
Key Takeaways Introduction As cryptocurrencies continue to gain popularity, the need for secure storage solutions for private keys and seed phrases has become paramount. One innovative approach to enhancing the security of crypto assets is the Shamir backup method, sometimes called Multi Share Backup. This article will discuss what Shamir backup is, how it works, […]
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 […]
What To Do If Your Hardware Wallet Breaks? First: Don’t panic, you can still recover your funds. Then read this guide and see how. Introduction One of the most effective ways to safeguard your cryptocurrencies is by using a hardware wallet. These dedicated devices provide an extra layer of security by storing your private keys […]
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 Cryptocurrency ownership is about more than just buying and selling digital assets; it’s about maintaining the keys to your financial kingdom, known as the seed phrase. In the complex world of blockchain and crypto, a seed phrase serves as the backbone of your wallet security, acting as a master key to your digital […]
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 – two bestselling hardware wallets compared In the past few years, investing in cryptocurrencies like Bitcoin, Ethereum, and Litecoin has become popular. Many people do this to diversify their portfolios. But as cryptocurrency becomes more popular, theft and fraud become more likely. Cryptocurrency is kept in digital wallets, which can be hacked or otherwise […]
We are delighted to see that Jameson Lopp appreciated the design and durability of our products. All our products – Coinplate Alpha, Grid and Punch received the best possible Triple A rating. Jameson’s stress tests are known to be demanding and include: As already stated, all Coinplate seed phrase backups performed great in these tests. […]
