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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 […]
Introduction There is one crucial element that keeps your coins and tokens safe and secure: the seed phrase. It’s a mainstay of the cryptocurrency industry and for good reasons, which we’ll cover below. This blog post will walk you through the ins and outs of seed phrases, their importance, and how they work to safeguard […]
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 […]
It is crucial to use hardware wallets and metal backups for the ultimate security of your cryptocurrency holdings. No matter if holding Bitcoins, Ethereum or Dogecoins, you are the only person responsible for the safety of your funds. It is no accident that in the crypto sphere, we say “Be your own bank”, so you […]
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. […]
We will cover the topic of safe seed phrase storage and provide you with the best ways of storing a seed phrase and what mistakes to avoid. Seed phrase storage is a way of keeping your seed phrase safe from damage and thieves so you can restore your wallet if needed. We will explain this […]
If you are a crypto hodler like me, you should be extra cautious during a bear market. Now we are facing something even worse before, we have a price collapse in the cryptocurrency market paired with a worldwide recession coming. Many companies and projects will not survive this time, while the best ones will thrive […]
We are proud to announce that Coinplate website and online store available at getcoinplate.com move to a new platform. This will allow us to introduce new, important features for all of our viewers and customers. What’s changed We moved our website together with a blog to a new hosting provider which will vastly improve performance […]
Want to check which wallets support the BIP39 mnemonic recovery seed phrase? Read the article below to find out. Jump straight to the list Contents: What is BIP39 In the past, bitcoin and other cryptocurrency wallets were created and accessed using private keys. The private key has many characters and consists of letters and numbers, […]
