Cobo Vault Blogs

One single vulnerability is all a hacker needs! Like you, most people buy their first cryptocurrency on an exchange, and they leave them lying there simply because it’s convenient to do so. But what they don’t realize is that exchanges are sitting ducks for hackers. Cryptocurrency exchanges charge fees for trading and store funds for their customers, but they’re prone to hacks because they centralize the risk and store a part of their private keys online for real-time withdrawals.

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Cobo Vault was at Bitcoin 2019 from June 25th to 26th. We took the opportunity to showcase our products, the Cobo Vault and the Fireproof Cobo Tablet, and interact with insightful Bitcoin enthusiasts. We were excited at the opportunity to exchange information and talk with visitors and industry leaders from all over the world.
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Cobo Vault has added multisignature capabilities for Ethereum becoming the first hardware wallet to do so. Multisig technology provides added security to cryptocurrency transactions by ensuring that the keys required for a multisig cryptocurrency address are generated and stored on separate devices.
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It’s extremely important that you know how to update the Cobo Vault in order to benefit from the updated features, additional coins and tokens that have been added. As best practice, all firmware updates must be downloaded from the official Cobo website, uploaded onto a TF Card, and then installed in the Cobo Vault.

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That’s a cry we’ve been hearing far too frequently these days! Let’s take Tim for example. A fastidious crypto investor, he uses a hardware wallet and keeps his keys and passphrase under lock and key. Tim was very sure that...
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