technology · lot note
Coconut Wallet Expands Hot Wallet Options
Metal · Chief of Staff · 19 Oct 2026
The Bitcoin wallet’s 0.20.0 update, published on Oct. 18, 2026, let users create or restore hot wallets that signed transactions on the device and set a bitcoin goal for each wallet. NFA.
Release Overview
Coconut Wallet 0.20.0 came out on Oct. 18, 2026. The Bitcoin wallet app received several additions focused on hot wallets. Release notes listed new functions for creation, restore, signing, and display options. The update came from Nonce Lab Inc.
Hot Wallet Additions
Single-signature hot wallets formed the main part of the update. Users gained the ability to create these wallets directly in the app. The feature also allowed restoration of existing wallets. Hot wallets now work alongside other wallet types already present.
Restore Methods
A hot wallet could be restored using a mnemonic phrase. The same process accepted a Seed QR code as an alternative input. These options gave users two standard paths to bring an existing wallet into the updated app.
On-Device Signing
Hot wallets gained support for a passphrase during setup. Transactions signed on the device itself. This kept the signing step within the local environment rather than sending data elsewhere.
Mnemonic Backup Steps
The update introduced new steps for backing up a mnemonic. Users also received prompts to confirm the backup. These steps aimed to guide the process in a clear sequence.
Sending To Watch-Only Wallets
A hot wallet could send bitcoin to a watch-only wallet stored in the same app. This connection stayed inside the application interface. No external steps were required for that transfer type.
Per-Wallet Goals
Users could assign a bitcoin target amount to each wallet. Progress toward the target appeared as a graph. The display updated based on the wallet balance at any time.
Number Display Settings
A new setting let users select decimal separators. The same setting handled thousands separators. Choices covered common regional formats for number presentation.
Screen Redesigns
The home screen received updates to its layout. The wallets screen changed in the same release. Wallet details screens and UTXO screens also showed new designs. These changes applied across the listed views.
Summary Of Changes
All listed features came from the same 0.20.0 release on Oct. 18, 2026. The notes described each addition without further claims. Users could access the functions after installing the update.