How to set up Mycelium cold wallet

To set up a Mycelium cold wallet, follow these steps: Download the Mycelium app and connect a hardware wallet (Ledger or Trezor), create a new wallet. Generate a new receiving address in the "Receive" tab. Send cryptocurrency to the generated address. Disconnect the hardware wallet and store it safely.

How to set up Mycelium cold wallet

Step 1: Create a cold wallet

1. Download the Mycelium app and follow the prompts to create a new wallet.
2. Select "Hardware Wallet" and then "Ledger" or "Trezor".
3. Follow the on-screen instructions to connect your hardware wallet.

Step 2: Generate Cold Wallet Address

1. In the Mycelium app, go to the Receive tab.
2. Select your hardware wallet and click "Generate new receiving address".
3. A QR code and wallet address will be displayed. This is the address you will use to receive cryptocurrency.

Step 3: Transfer crypto to cold wallet

1. Use another wallet or exchange to send the crypto to you in step 2 Generated wallet address.
2. Confirm the transaction and wait for it to complete.

Step 4: Disconnect Hardware Wallet and Store Safely

1. Once the cryptocurrency transfer is complete, disconnect the hardware wallet from the Mycelium app .
2. Store your hardware wallet securely in a safe place, such as a safe or safe deposit box.

Note:

• Make sure your hardware wallet is always on the latest version of firmware.
• Back up your recovery seeds and store them safely.
• Enable PIN or password protection on your hardware wallet.
• Always download Mycelium apps from official sources.

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