Guided Singlesig Wallet Setup

🔒 Setting up a secure Bitcoin Safe wallet is the best way to protect your funds from exchange failures, hacks, and theft. In this tutorial, we’ll walk you through the entire process with Trezor step-by-step!

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Why Choose Bitcoin Safe?

Bitcoin-Safe is presented as a desktop software to help sovereign individuals and private groups and organizations manage bitcoin wallet. It’s designed with simplicity and security in mind and ioffer a unique set of features that make it a great option for both beginners and experienced Bitcoin users. Here’s why it stands out:

Guided Tutorial

The video above provides a step-by-step guide on setting up a single signature Bitcoin wallet on Bitcoin-Safe using a Trezor hardware wallet, including receiving and sending test transactions. These tutorials below will guide you through setting up a secure Bitcoin-Safe wallet using any of the hardware wallet supported by Bitcoin-Safe.

9. Frequently Asked Questions

What are the initial steps to set up a Bitcoin-Safe wallet using a Trezor hardware wallet? [00:00] First, download the Bitcoin-Safe software for your operating system (Mac OS, Windows, or Linux) from the download page. After installation, run the software and click the ‘Choose single signature’ button [00:35] to begin setting up your wallet with a Trezor hardware wallet. You will then be prompted to name your wallet [00:38].

How do I connect my Trezor hardware signer to the Bitcoin-Safe software? [01:23] After selecting the Trezor tab, connect your Trezor hardware signer to your desktop using a USB cable. Follow the on-screen instructions to generate a seed or unlock your Trezor if you’ve already set up a PIN and seed [01:47]. Once connected successfully, a green check mark will appear, along with your xpub information [02:31].

What steps are involved in saving and securing the wallet file? [02:48] After connecting your Trezor, a pop-up window will appear, prompting you to save your wallet file. Choose a name for the wallet and create a strong password [02:57]. Confirm the password, store it safely, and then print the recovery sheet [03:01]. Remember to keep your seed words safe and secure and never share them with anyone [03:12].

Why is it important to perform both receive and send tests, and how are they conducted? [03:23] It’s important to perform both receive and send tests to ensure your wallet can both accept funds and properly sign and broadcast transactions [04:22]. To perform a receive test, send a small amount of Bitcoin to one of the provided addresses and click ‘Check if received’ [03:40]. For the send test, create a transaction sending funds to your own address, adjust the transaction fee, and sign the transaction using your Trezor [04:38].

What is the sync and share feature, and how do I use it to back up my wallet data? [05:54] The sync and share feature backs up your coin categories, address labels, and transaction labels in the cloud. To enable it, navigate to the settings and follow the prompts. To restore your label backups, make sure to save the insect key on your computer [06:01].