Magnify Wallet - Cold Storage
Developing of crypto industry cleared out many complex problems which are simple with a glance but substantially these problems are very unacceptable for customers. The main idea of MAGNIFY WALLET is to solve crypto assets security problems and make platform where user can manage his/her crypto capital comfortably, make activities easier and smarter, trade with unprecedented low fees.
Cold Storage – Magnify Paranoia is a unique MAGNIFY product. It is a software, multicurrency crypto wallet, with a very high safety threshold.
How it works
1. Download the application to a USB flash drive;
2. Disconnect the computer from the Internet;
3. Enter and confirm your PIN code (we recommend setting 4-8 characters). If the PIN is entered incorrectly, after three attempts the device will be blocked, and the attacker cannot gain access to your wallets and crypto-currencies;
4. Set up a two-step authentication (authenticator) factor. 2-step verification provides additional protection for your data. Even if the scammer steals your device and personal PIN, he will not be able to log into your account without a special code that is sent only to your mobile phone;
5. 12-24 words of a written down secret phrase will be created when using Safe. This phrase is a key to security. Without it, it will be impossible to restore access to your funds.
You can generate an ADDRESS / PRIVATE KEY for a selected crypto currency. After receiving PRIVATE KEY, all information about it will be encoded. Data never leaves the device and interacts solely with applications to convey a transaction confirmation. After which, you will then have everything that is required to use the crypto currency purse: Addresses of your purses which can be given to other people, the ability to receive and send any crypto currency, using the appropriate buttons and functions in the installed program, a transaction history and address book.
Finally, COLD STORAGE provides one more secure option for transferring assets with one button.
