How to store Aurora (AURORA) coins

To securely store Aurora (AURORA) coins, utilize a hardware wallet such as the Ledger Nano X, Trezor Model T, or SafePal S1, which provide offline storage and enhanced security against hacking and theft.

Dec 14, 2024 at 11:40 pm

How to Store Aurora (AURORA) Coins: A Comprehensive Guide

Aurora (AURORA) is the native token of the Aurora blockchain, a Layer 1 blockchain platform compatible with the Ethereum Virtual Machine (EVM). As an ERC-20 token, AURORA can be stored on a variety of wallets, both hardware and software. This guide will provide detailed instructions on how to store AURORA coins safely and securely.

Step 1: Choose a Hardware Wallet

Hardware wallets are physical devices designed to store cryptocurrencies offline, providing enhanced security against hacking and theft. They are considered the most secure method of storing crypto assets. Here are some recommended hardware wallets that support AURORA:

• Ledger Nano X: A popular hardware wallet with support for a wide range of cryptocurrencies, including AURORA. It features a user-friendly interface and high-security standards.
• Trezor Model T: Another reputable hardware wallet known for its robust security and advanced features. It offers support for multiple cryptocurrencies, including AURORA.
• SafePal S1: A more affordable hardware wallet with basic but effective security features. It is suitable for users who prioritize cost over advanced functionality.

Step 2: Set Up Your Hardware Wallet

Once you have selected a hardware wallet, follow the manufacturer's instructions to set it up. This typically involves initializing the device, creating a seed phrase (a set of recovery words), and setting a PIN for security. Make sure to keep your seed phrase safe and secure, as it can be used to recover your wallet if it is lost or damaged.

Step 3: Install the Aurora Wallet App

To interact with AURORA coins on your hardware wallet, you will need to install the Aurora Wallet app. This app is designed specifically for storing and managing AURORA tokens and can be downloaded from the official Aurora website.

Step 4: Connect Your Hardware Wallet to the Aurora Wallet App

Connect your hardware wallet to the Aurora Wallet app using the provided USB cable. The app will automatically detect your wallet and establish a secure connection. You may need to enter your PIN or confirm the connection on your hardware wallet's display.

Step 5: Create an Aurora Wallet Account

Once you have connected your hardware wallet to the Aurora Wallet app, you can create an Aurora wallet account. This account will serve as a gateway to send, receive, and store AURORA tokens. Follow the on-screen instructions to create a secure password for your wallet.

Step 6: Deposit AURORA Coins to Your Wallet

To deposit AURORA coins to your hardware wallet, you need to provide a recipient address. Open the Aurora Wallet app and navigate to the "Receive" section. A unique QR code and receiving address will be displayed. Scan the QR code or copy the address and send your AURORA coins from an exchange or another wallet to this address.

Step 7: Store AURORA Coins Securely

Once your AURORA coins have been deposited to your hardware wallet, they will be stored securely offline. Keep your hardware wallet in a safe location and ensure that your PIN and seed phrase are kept confidential. Avoid storing large amounts of AURORA coins on a software wallet or exchange, as these platforms are more susceptible to hacking and exploits.

Step 8: Back Up Your Hardware Wallet

It is essential to back up your hardware wallet regularly. This involves creating a backup file of your seed phrase or recovery words. Store your backup in a secure location separate from your hardware wallet. If your hardware wallet is lost or damaged, you can use your backup to recover your wallet and access your AURORA coins.