Cold Wallet Tutorial using Tails, Electrum and MEW

4 months ago
39

In this tutorial I will show how to build your own secure offline wallet, also known as cold storage. We will use Tails, a secure operating system which you boot from a flash drive. Tails gives you a fresh and pristine offline environment for doing sensitive and confidential work. All you need are two spare USB sticks and a computer.

0:00 - Why airgapped wallets? Why Tails over hardware wallets?
1:44 - How does this work in practice?
2:32 - Get Tails and MyEtherWallet
2:59 - Verify signatures (using Linux, optional step)
6:23 - Prepare USB sticks (using Linux)
7:51 - Start Tails OS
9:11 - Create a Keepass database
12:26 - Create an offline Bitcoin wallet with Electrum
14:26 - Create an offline Ethereum wallet with MyEtherWallet
16:22 - Track your Bitcoin wallet (online), receive money
17:24 - Track your Ethereum wallet (online), receive money
17:54 - Send Bitcoin
19:53 - Send Ethereum

Links mentioned in this video:

* https://tails.net/install/index.en.html
* https://github.com/MyEtherWallet/MyEtherWallet/releases
* https://raw.githubusercontent.com/MyEtherWallet/MyEtherWallet/77282475d75dd628f6c999c87f9c5dd3d44d8665/MEW-PUP-KEY-GPG
* https://electrum.org/#download
* https://etherscan.io/
* https://www.myetherwallet.com/tools?tool=offline

Commands for importing and verifying keys:

gpg --import ~/Downloads/tails-signing.key
gpg --import ~/Downloads/MEW-PUP-KEY-GPG
gpg --edit-key tails@boum.org
gpg --edit-key support@myetherwallet.com

gpg --verify ~/Downloads/tails-amd64-6.5.img.sig
gpg --verify ~/Downloads/MyEtherWallet-v6.9.10-Offline.zip.sig

Tails pubkey fingerprint: A490 D0F4 D311 A415 3E2B B7CA DBB8 02B2 58AC D84F
MyEtherWallet pubkey fingerprint: 2FCA 4A1E 3AF4 278F 7AD3 B763 7F05 9C0F 7B9A 12F0

Commands used for writing Tails to the USB stick:

sudo dmesg -w
sudo dd if=~/Downloads/tails-amd64-6.5.img of=/dev/sdb status=progress bs=1M

=== Support this channel ===

* Donate trough Patreon: https://patreon.com/WealthAllocator
* Donate Bitcoin: bc1qh8emwj2y7gq7ecarvkyf4uclt9grhfzg384yje
* Donate Ethereum: 0xEFad3B0A4cF9e75dF46EE86564358bE4324e0E5b

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