Pine, previously known as Payla, a self-custodial bitcoin iOS wallet, has recently issued a warning on their website stating, “This project is not actively developed. Use with caution.” This announcement has raised concerns among users about the future of the Pine wallet.
In addition to the warning on their website, the Pine team also updated their README file on Github on August 9, 2024, further indicating that the wallet may be shut down in the near future. It is advisable for users to consider migrating to another wallet, such as Coin Wallet, to safeguard their funds and assets.
For users looking to migrate from Pine to another wallet, such as Coin Wallet, here is a step-by-step guide to assist you through the process:
1. Backup Your Wallet: Before initiating the migration process, make sure to backup your Pine wallet to ensure that you have a copy of your private keys and seed phrase.
2. Create an Account with Coin Wallet: Visit the Coin Wallet website and create an account. Make sure to securely store your login credentials and backup your wallet information.
3. Transfer Your Funds: Once you have set up your Coin Wallet account, transfer your funds from Pine to Coin Wallet. Follow the instructions provided by both wallets to complete the transfer successfully.
4. Update Your Payment Information: If you have any recurring payments or subscriptions linked to your Pine wallet, make sure to update your payment information with the new wallet details.
5. Contact Support: If you encounter any issues during the migration process or require assistance, feel free to reach out to the support team at support@coin.space for help.
By following these steps, you can smoothly transition from Pine to Coin Wallet and continue managing your bitcoin assets securely. It is essential to stay informed about the status of the Pine wallet and take proactive measures to safeguard your funds in light of the recent warnings issued by the Pine team.
