Bitcoin cold wallet usb
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Every system running on the Internet may have a security vulnerability. That's why it's still good to be careful. However, I believe that it can be quite useful as a cold wallet if used carefully. You can use dd or etcher or any of the Rufus software for this. Then the system is started via USB memory. At the first boot, the basic language-keyboard settings are taken and configured and the live system is started in this way.
The method I use will be to create a KVM-qemu virtual machine on the host I use, and select and add the USB memory connected to the host machine with the virt-manager visual interface from the hardware list and start it from the boot menu on this device. Installation in a virtual machine is not recommended by tails.
You can even detect that tails OS is running on the virtual machine and you will see a warning message. However, there will be no harm in doing the first installation in this way. The system works on USB but is still a live system. Make persistent and encryption For this feature, it can be used by encrypting the part that the system does not fill on the USB memory with the configure persistent volume option from the application menu.
This section can be used with this password when you set a password and start the new system, but you can use this section as a live system without opening it. Cold-wallet configuration TailsOS comes with an electrum bitcoin wallet installed. To use this wallet, the Bitcoin client must be activated from the configuration persistent volume application, so that the configurations and other data of this application can be saved in the persistent partition.
A reboot is then required. The necessary configurations can now be made by opening the Electrum wallet. Electrum wallet is a very common wallet application. It can be installed on any machine, but in this way, it will provide a safer use. First, the wallet must be given a name. Many options are available in the next menu. If you have a standard, 2-factor authentication, multi-signature, or previously prepared wallet, you can import it. I will create a standard wallet. In the next option, it is necessary to create a new seed.
This is an algorithm that generates the private key. It generates a list of 12 words and this list represents your private key for you. You must record these words in order. Do not share these words with anyone In the next step, it asks you to enter these words in order. It then asks you for a password to re-encrypt your wallet. You can see the public key and other information of the wallet from the "Wallet information" tab. Now you can start using it It is necessary to use different wallets for other cryptocurrencies and tokens.
For this, you can download and download different wallets and install them on the system. It routes network traffic through VPN and Tor. Likewise, this is a Debian-based distribution. Whonix consists of two parts: One runs only Tor and acts as a gateway, called the Whonix-Gateway. The other part, called Whonix-Workstation, is on a completely isolated network. Next click the 'Wallet' menu and choose 'Master Public Keys'.
You'll need this to create an online 'watching' wallet in the next step so you can view your balance. Either write down the master key carefully or scan it using a QR code app on your phone. Create watching wallet Close down Electrum and use the icon at the bottom-right to shut down the machine. Ignore the warning about your session being 'non-persistent' as you've saved your wallet data to the USB stick.
Be sure to remove the 'Black' USB drive and put it somewhere safe. Reboot the machine and choose the second boot option: cold-online blue. Now you need to insert another new USB drive, which we'll name 'Blue'. This will be used to store your watching wallet settings. Once the desktop loads click the Electrum icon at the very bottom left of the screen once again. On the install wizard this time choose 'Restore a wallet or import keys' and click 'Next'. On the following screen enter the master public key you generated earlier.
Click 'Next' and then 'Next' again to choose servers automatically. Create a transaction When you launch Electrum, you'll see a warning message reminding you that this is a 'watching wallet'. In other words, while you can see your balance and any transactions that have been made, it can't send money by itself. If you do want to make a payment, click the 'Send' tab and enter the recipient's payment address in the 'Pay To' field. Electrum will generate the transaction data for you.
Electrum will confirm the transaction has been saved. Sign transaction Shut down your machine. Choose the first option: cold-offline green from Bitkey's boot menu. Once the desktop loads, click the Electrum icon once again and enter the passphrase you chose earlier. Choose 'Open', then at the new window click 'Sign'. Re-enter your wallet password. Next click 'Save'. Save the newly signed transaction file e. Electrum will confirm that the transaction's been saved. Restart and choose the second option: cold-online blue.
Once the desktop loads, open Electrum once again and click the 'Tools' menu. Electrum will now display the transaction. Click 'Broadcast' to send the authorized transaction to the Bitcoin network. Finally click 'Close'. Your transaction will appear as 'Unconfirmed'. Depending on the transaction fee you paid it may take several hours to be fully validated. You can get around this issue by going to the 'Tools' menu and choosing 'Plugins'.
The most useful option you can choose is 'Exchange Rates'. Mark the checkbox then click 'Settings' to choose both an exchange rate API such as 'CoinDesk' and your chosen fiat currency such as Euros. By default Electrum expresses your Bitcoin balance in mBtc millibitcoins. One MilliBit is equal to 0. This makes working with smaller sums of money easier.
If you want to change this setting, go to the 'Tools' menu. Click on 'Preferences' then the 'Appearance Tab'.
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