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TagsWhat is the process of setting up a Mycelium wallet for Bitcoin?
SHARVESHVAR N SDec 26, 2021 · 3 years ago1 answersCan you provide a detailed explanation of the steps involved in setting up a Mycelium wallet for Bitcoin? I want to make sure I understand the process correctly.
1 answers
- Absolutely! Here's a step-by-step guide to setting up a Mycelium wallet for Bitcoin: 1. First, download the Mycelium app from the Google Play Store or Apple App Store. 2. Once the app is installed, open it and select 'Create New Wallet'. 3. Write down the 12-word recovery phrase that is provided. This phrase is essential for restoring your wallet in case of loss or damage. 4. Set a secure PIN code to protect your wallet from unauthorized access. 5. Congratulations! Your Mycelium wallet is now ready to use. You can send and receive Bitcoin by sharing your wallet address. Remember to keep your recovery phrase and PIN code safe and never disclose them to anyone.Dec 26, 2021 · 3 years ago
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