Securing the wallet: overview of the basics
- 1.Two-part PIN on the ColdCard device
- 2.Seed Backup recovery codes
- 3.Seed XOR backup
- 4.Wallet passphrases
- The Seed Backup allows you to recover your Bitcoin wallets
- Your Passphrase allows you to unlock the recovered Bitcoin wallets
The PIN protects unauthorized access to your ColdCard device, should it fall into the wrong hands.
They will be able to unlock the device, but they will not have access to your Bitcoin wallets without the Passphrase.
If someone steals your 24-word backup
They will not be able to steal your funds since they would require the passphrase. You can recover your backup using your Coldcard or the seed XOR backup.
They will not be able to recover your Bitcoin wallets without the Passphrase.