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Description
Understanding our wallet is crucial for you, and here we will share key information about Magnum. As a light wallet, Magnum ensures that we do not collect or retain users' private keys, backup files, or any personal data. This type of wallet is considered one of the safest and most reliable methods for managing cryptocurrencies. Throughout your session, you maintain complete control over your private keys, which remain securely on your device. They are encrypted and stored in the local storage of your browser, providing an additional layer of security. All interactions with the blockchain are facilitated through an encrypted SSL connection, ensuring that your transactions remain confidential. To enhance security, Magnum utilizes a backup file that contains your encrypted private keys, which you must download and keep in a safe location. This backup allows you to access your wallets across different devices or browsers. However, to decrypt this backup, you will need to enter the passphrase you created. It is important to note that if you lose or forget this passphrase, we will not be able to recover your backup file or private key. Therefore, keeping your passphrase secure is of utmost importance.
Description
Create an Emergency Kit that includes your private keys and output descriptors, specifically tailored for advanced scripts such as multisig, lightning, and taproot. This kit serves as a backup to ensure you can still access your wallet if you switch devices. To enhance security, utilize a randomly-generated code that you can jot down on paper. Additionally, remember to include your email, password, and recovery code for added protection. While your Emergency Kit contains both keys necessary for transactions, only one key is stored on your phone, ensuring your funds remain secure. Since two keys are required for spending, the money is safe even if your phone is lost. It's advisable to lock your wallet until you acquire a new phone and restore your funds. Muun operates as a fully self-custodial wallet, which means you maintain complete control over your bitcoin assets, and no one else, including Muun, has access to your money. Therefore, exporting your Emergency Kit with the private keys and output descriptors is crucial for situations where Muun may not be accessible. This kit is specifically designed to accommodate the latest bitcoin scripts, reinforcing the importance of comprehensive security in your financial management. By taking these precautions, you can ensure that your cryptocurrency remains protected and accessible.
API Access
Has API
API Access
Has API
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Magnum Wallet
Website
magnumwallet.link/
Vendor Details
Company Name
Muun
Country
United States
Website
muun.com