Coldcard is a popular hardware wallet for storing cryptocurrencies. It is known for its security features such as air-gapped signing, BIP39 passphrase support, and multi-signature support. However, there may be times when you need to recover funds from your Coldcard wallet, such as when you lose or damage your device. In this article, we will discuss the steps involved in recovering funds from Coldcard.
Step 1: Preparing for recovery
Before you begin the recovery process, you need to make sure you have the following items:
- Your ColdCard device
- A computer running Electrum or other compatible wallet software
- Your Coldcard backup seed words
- Your coldcard passphrase (if applicable)
Once you have these items, you can proceed with the recovery process.
Step 2: Set up Electrum
The first step in the recovery process is to set up Electrum. Electrum is a popular bitcoin wallet software that is compatible with Coldcard. Follow these steps to set up Electrum:
- Download and install Electrum from its official website
- Launch Electrum and select “Create a new wallet
- Select “Default Wallet
- Select “Use a hardware device
- Select “Coldcard” from the list of devices
- Follow the instructions to connect your ColdCard device to your computer
- Enter your ColdCard passphrase (if applicable)
- Enter your coldcard backup seed words
Once you have set up Electrum, you can proceed to recover your funds.
Step 3: Recovering your funds
To recover your funds from your ColdCard device, follow these steps
- Click on the “Receive” tab in Electrum
- Copy the recipient address
- Disconnect ColdCard device from computer
- Connect your ColdCard device to another computer with the ColdCard software installed
- Enter your Coldcard backup seed words on the second computer
- Select Advanced, then select Restore wallet from seed
- Follow the prompts to enter your seed words and create a new wallet
- Once the new wallet is created, click the Send tab
- Paste the receiving address from Electrum into the “Pay To” field
- Enter the amount you want to send and click “Send
- Confirm the transaction on your ColdCard device
Your funds should now be transferred to your Electrum wallet.
Recovering funds from your Coldcard device is a straightforward process as long as you have the necessary items and follow the steps outlined above. It is important to keep your backup seed words and passphrase (if applicable) in a safe place to avoid losing access to your funds. By following these steps, you can ensure that your funds are safe and easily accessible when you need them.
Q: What is Coldcard?
A: Coldcard is a popular hardware wallet used to store cryptocurrencies.
Q: Why do I need to recover funds from Coldcard?
A: You may need to recover funds from Coldcard if you lose or damage your device.
Q: What do I need to recover funds from Coldcard?
A: You will need your Coldcard device, a computer with Electrum or other compatible wallet software installed, your Coldcard backup seed words, and your Coldcard passphrase (if applicable).
Q: What is Electrum?
A: Electrum is a popular Bitcoin wallet software that is compatible with Coldcard.
Q: Can I recover my funds without Electrum?
A: No, you must have Electrum or another compatible wallet software installed to recover your funds from Coldcard.
Q: How do I transfer my recovered funds to another wallet?
A: Once your funds are recovered, you can transfer them to another wallet by sending them to the receiving address of the other wallet.
Q: How do I ensure the security of my backup seed words and passphrase?
A: It is important to keep your backup seed words and passphrase (if applicable) in a safe andsecure location, such as a safe or safety deposit box. You should also avoid storing them digitally or in a location that can be accessed by others.