1. Download the Cobo Wallet App:
Visit the official Cobo website and download the Cobo Wallet app for your device. The app is available for both iOS and Android platforms.
2. Install the App:
Install the Cobo Wallet app on your smartphone or tablet. Once installed, open the app to begin the setup process.
3. Create a New Wallet:
Launch the Cobo Wallet app and select the option to create a new wallet. You will be prompted to set a secure password for your wallet. Make sure to choose a strong, unique password that you can remember.
4. Backup Your Recovery Phrase:
Cobo Wallet will generate a 12 or 24-word recovery phrase. Write down this phrase and store it in a secure location. This recovery phrase is crucial for restoring access to your wallet if you lose your device or forget your password. Do not share this phrase with anyone.
5. Confirm Your Recovery Phrase:
To ensure you have accurately recorded your recovery phrase, Cobo Wallet will ask you to confirm it by selecting the words in the correct order.
1. Explore Supported Cryptocurrencies:
Cobo Wallet supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many others. Browse the list of supported assets within the app.
2. Add Cryptocurrencies to Your Wallet:
To add a cryptocurrency, go to the "Assets" section and select the option to add a new asset. Choose the desired cryptocurrency from the list and follow the prompts to add it to your wallet.
3. View Your Portfolio:
In the "Assets" section, you can view your entire cryptocurrency portfolio, including balances and transaction history for each supported asset.
1. Cold Storage:
For enhanced security, Cobo Wallet offers cold storage solutions that keep your private keys offline and away from potential online threats.
2. Multi-Signature Technology:
Cobo Wallet uses multi-signature technology to ensure that transactions require multiple approvals, adding an extra layer of security.
3. Institutional Custody:
Cobo Wallet provides specialized custody solutions for institutional investors, including secure storage, risk management, and compliance services.
1. In-App Trading:
Cobo Wallet allows you to trade cryptocurrencies directly within the app. Use the trading feature to buy, sell, or exchange various digital assets.
2. Staking Services:
Take advantage of Cobo Wallet's staking services to earn rewards on your crypto holdings. Stake supported assets and participate in network governance and consensus processes.