The latest Cobo Vault firmware version V1.7.0 (BTC-Only) & V1.8.0 (Multi-coin) supports the importing and creation of SLIP39 Shamir Backups.
Preparation:
1. Cobo Vault Essential or Pro upgraded to firmware version V1.7.0 (BTC-Only) & V1.8.0 (Multi-coin) or later.
2. Setup the Cobo Vault Essential or Pro. Get into the [Create/Import Vault] page and select “I’ve read…”.
Steps:
- Create a Vault with Shamir Backup
1. Click [Create Vault] > [Create a Vault with Shamir Backup].
2. Set the number of shares and treshold. Click [Confirm].
3. Read the security tips carefully and click [Confirm].
4. Custodians can start to back up the shares one by one. Click [Confirm] > [UNDERSTOOD] > write down the share and click [Recovery Phrase Saved] > [Next Step] > Verify the backup and click [Confirm] > [Confirm] > give the device to the next custodian.
5. When the last custodian completes the backup and clicks [Confirm], the Cobo Vault will start to create a Vault with the Shamir backup.
- Import a Vault with Shamir Backup
1. Click [Import Vault] > [Import a Vault with Shamir Backup].
2. Select recovery phrase length and click [Next].
3. Custodians can start to import shares one by one. Input share and click [Next share] > [Confirm].
4. When the last custodian completes the importing phase and clicks [Next share], the Cobo Vault will start to import a Vault with the Shamir backup.
If everything went fine, you should have the Vault loaded with a Shamir backup!
