Wallet backup basics

Before you create a backup for your Bitcoin Wallet, make sure to understand what you are doing by reading this section.

The most important job of a Bitcoin Wallet is generating and managing cryptographic private keys which allow you to control your Bitcoin. The keys are generated and stored on the device itself.

Creating a backup means exporting these keys from the device and making a physical copy of them.

If the device on which your Bitcoin private keys are stored is lost, broken, stolen or otherwise inaccessible, you can import the physical backup into a new device and your Bitcoin will be recovered there.

⛔️ THIS IS THE MOST IMPORTANT PART. TAKE A MINUTE TO READ ALL THE INSTRUCTIONS FIRST. DO NOT SKIP. ⛔️

A Bitcoin backup consists of a series of 24 words generated randomly by the Coldcard’s secure element.

Example of a 24-word backup, PIN and anti-phishing words.

These words, in combination with your passphrase, allow you to recover access to the keys of your Bitcoin wallet in case you lose them.

There are 5 rules to making a Bitcoin backup;

Scenarios where you can lose your funds.

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