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How to add active permissions to Mycelium cold wallet

James Bond
Release: 2024-09-27 15:41:02
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How to add active permissions to Mycelium cold wallet

How to add active permissions to Mycelium cold wallet

Mycelium cold wallet provides a feature called "active permissions" that allows users to Keep private keys while authorizing others to transact on their behalf. Here’s how to add active permissions to your Mycelium cold wallet:

Step 1: Create a cold address in Mycelium wallet

  • Open the Mycelium wallet.
  • Click on the "Wallet" tab and select "New Wallet".
  • Select the "Cold Wallet" option and follow the prompts to create a new address.
  • Create a strong password for your cold address.

Step 2: Update Firmware

  • Make sure your Mycelium cold wallet is updated to the latest firmware.

Step 3: Connect the cold wallet

  • Connect the cold wallet to your computer using a USB cable.
  • In the Mycelium wallet, click on the "Settings" tab and select "Devices".
  • Select "Connect Device" and follow the prompts to connect your cold wallet.

Step 4: Enable Active Permissions

  • In the Mycelium wallet, click on the "Security" tab and select "Active Permissions".
  • Click the "Enable Active Permissions" button.
  • Enter your cold address password.
  • Follow the on-screen prompts to complete the activation process.

Note:

  • When active permissions are added, other authorized devices or applications will be able to conduct transactions on behalf of your cold wallet.
  • Grant active permissions carefully and only to people or devices you trust.
  • Always use a strong password to protect your cold wallet.

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