How to Set Up a Hardware Wallet for Cold Storage

Move meaningful holdings offline so a compromised computer can't drain them. Initialize a hardware wallet the safe way.

Steps

1. Buy the device direct from the manufacturer or an authorized reseller — never used, never from a marketplace listing.
2. Initialize the device and let it generate a new seed phrase on the device screen.
3. Write the seed phrase on the card provided (or metal backup) — never type it into a computer, phone, or cloud note.
4. Set a strong device PIN.
5. Install the vendor's companion app and pair the device.
6. Send a small test amount first, confirm receipt, then move the rest.
7. Store the seed backup somewhere secure and offline, separate from the device.