How to Set Up and Use a Cold Card Mark IV for Bitcoin Storage

💡A pin code is used to secure access to the Cold Card. It should be written down and kept in a safe place.

🔒The seed phrase is the most important part of securing your Bitcoin. It allows you to recover your funds if your Cold Card is lost or damaged.

🔄It's important to update your Cold Card to the latest version for enhanced security features.

💡Be cautious of tampering when receiving your Cold Card. Check the tamper-evident bag and bag number for any signs of damage or previous opening.

🗝️The Cold Card secures your seed phrase behind the pin code. Without the pin, access to the seed phrase is impossible.

What happens if I forget my pin code?

—There is no way to recover a forgotten pin code. Ensure you keep it in a secure place and never forget it.

Can I access my Bitcoin without the Cold Card?

—No, the Cold Card is necessary to access your Bitcoin. It securely stores your seed phrase and protects your private keys.

How often should I update my Cold Card?

—It is recommended to regularly update your Cold Card to the latest version to benefit from enhanced security features and bug fixes.

Can someone access my Bitcoin with just the seed phrase?

—Yes, anyone with your seed phrase can access your Bitcoin. Ensure you keep it safe and private, preferably in multiple secure locations.

What should I do if my Cold Card is damaged or lost?

—If your Cold Card is damaged, lost, or stolen, you can recover your Bitcoin using the seed phrase. Ensure you have a backup of the seed phrase stored in a secure location.

00:00Introduction to the Cold Card Mark IV and overview of the setup process.

02:18Examining the tamper-evident bag and verifying the bag number.

06:11Setting up the pin code and writing down the anti-phishing words.

08:40Generating a new seed phrase using the Cold Card's random number generator.

11:25Writing down the 24-word seed phrase and emphasizing its importance.