Secure Your Bitcoin: A Step-by-Step Guide to Setting Up a Single-Signature Wallet on Bitcoin Safe

🔒 Are you looking for a secure and user-friendly way to manage your Bitcoin? Look no further! Bitcoin-Safe offers a fantastic solution, especially for sovereign individuals and private groups and organizations looking to save Bitcoin anonymously.

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! However, you can use any of the supported hardware wallets listed here. Let’s dive in!

🔐 Connect a Trezor
📥 Receive test
📤 Send test
✅ Done

1. Download and Install Bitcoin-Safe {00:10}

Navigate to the Bitcoin-Safe download page (bitcoin-safe.org).
Download the software compatible with your operating system (Mac OS, Windows, or Linux).
The software supports multiple languages.
Install the downloaded software on your computer.
Run the installed Bitcoin-Safe application.

2. Wallet Setup {00:28}

Choose Single Signature: {00:35} Click the “Choose Single Signature” button within the Bitcoin-Safe application.
Name Your Wallet: {00:38} Enter a name for your wallet (e.g., “Trezor”). Click “OK”.
Hardware Signer Options: {00:49} If you don’t have a hardware wallet, you can purchase one through the provided link, which directs you to the official website of various hardware wallet providers. Click “Next.”
Label Your Device: {01:01} Write your signer’s name on a sticker and attach it to your hardware device. Click “Next.”

3. Connecting Your Trezor Hardware Wallet {01:12}

Select Trezor: Click the “Trezor” tab from the list of hardware signers (Jade, BitBox, etc.).
Enlarge Instructions (Optional): {01:23} If the instructions are unclear, click the “Enlarge” button.
Connect Your Trezor: {01:27} Connect your Trezor hardware wallet to your computer using a USB cable.
Follow On-Screen Instructions:
- Click the “USB” button in the Bitcoin-Safe application. {01:36}
- Enter your device name.
- Seed Generation/Unlock: {01:45} If you haven’t set up your Trezor before, follow the on-screen instructions to generate a seed. If you have already set up your PIN and seed, unlock your Trezor device.
- Follow the instructions in the pop-up window within the Bitcoin-Safe application.
Next Step: {02:08} Click “Next Step” to continue.
Device Description (Optional): {02:12} Add a description for your device in the provided field (e.g., “Trezor”).
Connect via USB: {02:24} Click the “USB” button again to connect.
Successful Connection: {02:31} A green check mark will appear, and your xPub (extended public key) information will be displayed.

4. Saving Your Wallet {02:44}

Save Wallet Prompt: {02:48} After clicking “Next Step,” a pop-up window will appear, prompting you to save your wallet file.
Wallet Name: Keep the suggested name (e.g., “Trezor”) or choose a different name.
Save Location: Choose a secure location to save the wallet file.
Password Protection: {02:57} Create a strong password for your wallet.
Confirm Password: Enter your password twice to confirm. Store your password securely.
Print Recovery Sheet: {03:07} Click “Print Recovery Sheet.”
- Important: Follow the instructions on the recovery sheet carefully. Never take a picture of your seed words, save them on your phone, or type them into a computer. Keep your seed phrase safe and secure.

5. Receive Test {03:23}

Coin Categories (Optional): Some users may have coin categories displayed on the left.
QR Code Addresses: You’ll see two QR code addresses: one for coins from a KYC (Know Your Customer) exchange and one for private sources.
Small Test Transaction: {03:38} Send a small amount of Bitcoin to one of the addresses. Do not send a large amount until all test transactions are successful.
Check if Received: {03:51} After the transfer, click “Check if Received.” It may take a few seconds for the transaction to be detected.
Balance Confirmation: {04:05} A pop-up window will appear showing the received balance. Click “OK” to proceed.

6. Send Test {04:18}

Importance of Send Test: Even after a successful receive test, a send test is crucial to ensure your wallet can properly sign and broadcast transactions.
Create Transaction: {04:38} Create a transaction sending the funds back to your own address or another address you control.
Transaction Fee: {04:43} Adjust the transaction fee using the scroll bar on the right. Choose an appropriate fee (e.g., 1 sat/vB).
Create Transaction: Click “Create Transaction.”
Prepare Hardware Signer: {04:53} Unlock your Trezor device.
USB Connection: {05:00} Click “USB” in the Bitcoin-Safe application.
Signing: {05:04} You’ll see the transaction details displayed on your Trezor screen. Double-check that the transaction fee and recipient address are correct.
Confirm on Trezor: Swipe up on the Trezor and hold to sign the transaction.
Wallet Details: {05:22} After signing, the wallet details, including the recipient address and amount, will be displayed in the Bitcoin-Safe application.
Send: {05:33} Click “Send” in the Bitcoin-Safe application.

7. Completion and Backup {05:37}

Confirmation: The information pop-up confirms that all send tests are done successfully.
Seed Backup: {05:48} Store your wallet backup with our PDF template in a very secure location. Never share it with anyone.
Sync and Chat (Optional): {05:54} You can enable the Sync&Chat feature to back up your coin categories, address labels, and transaction labels in the cloud, all encrypted securely in nostr relays.

8. Conclusion {06:11}

Congratulations! You’ve successfully set up a single-signature wallet on Bitcoin-Safe. By following these steps, you’ve taken a significant step towards securing your Bitcoin. Remember to prioritize the security of your seed phrase and password.

Ready to take control of your Bitcoin savings? Download Bitcoin-Safe today and start securing your future! Check the comprehensive list of all fully supported hardware signers compatible with Bitcoin-Safe.