INSTALL AND CONFIGURE COINOMI WALLET
Install and configure Coinomi Waller for using it on our ATM
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What is the Private Key and the Public Key?
The Private Key is the code that allows you to manage the funds of your wallet and NOT MUST be shared with anyone. To be clear, it is as if it were your password to access your IBAN account.
The Public Key is the address you need to receive your funds and can be easily shared with anyone (as a sort of IBAN).
1. Once installed on your Coinomi mobile device the first time you start it (see fig. Below) choose the option you are interested in “Create New Wallet” if you want to install a new wallet, “Restore wallet” if you have to recover it. In this guide we will choose “Create New Wallet”.
2. Write down the recovery phrase, it will be very important in case your SmartPhone is lost and you need to fully recover the value kept by Coinomi. Then make a copy of the SEED and store it in a safe place.
3. Confirm the words of recovery
4. Now enter a password for the daily use of the application, it is an additional security step in case someone takes possession of the device, open Coinom and try to spend the cryptocurrencies
5. Now you are operational. Your Coinomi is ready for use. Select the Coin (s) you are interested in, the one you want to manage with your Coinomi (you can also choose more than one). Then click on Finish.
What is the Private Key and the Public Key?
The Private Key is the code that allows you to manage the funds of your wallet and NOT MUST be shared with anyone. To be clear, it is as if it were your password to access your IBAN account.
The Public Key is the address you need to receive your funds and can be easily shared with anyone (as a sort of IBAN).
1. Once installed on your Coinomi mobile device the first time you start it (see fig. Below) choose the option you are interested in “Create New Wallet” if you want to install a new wallet, “Restore wallet” if you have to recover it. In this guide we will choose “Create New Wallet”.
2. Write down the recovery phrase, it will be very important in case your SmartPhone is lost and you need to fully recover the value kept by Coinomi. Then make a copy of the SEED and store it in a safe place.
3. Confirm the words of recovery
4. Now enter a password for the daily use of the application, it is an additional security step in case someone takes possession of the device, open Coinom and try to spend the cryptocurrencies
5. Now you are operational. Your Coinomi is ready for use. Select the Coin (s) you are interested in, the one you want to manage with your Coinomi (you can also choose more than one). Then click on Finish.
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