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4/29/2020

Bitcoin: Multisig Wallet, Electrum with LedgerNano and Keepkey

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Multi signature wallet with Electrum
https://electrum.org/

Download wallet from 
https://electrum.org/#download

There is a single point of failure of using HW wallet. 
This tutorial is for 3 cosigner with 2 signature
3 Cosigner = Electrum wallet/ LedgerNano/ Keepkey

Therefore one HW can be backup of the other. 
​
Start the app and you will see the screen below
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You can choose the degree of security here. 
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Create a new seed (1: Electrum wallet co-signer)
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Cosigner with hardware device (2:LedgerNano 3: KeepKey)
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You will be asked for a password (If you set) for the Cosigner 1: Electrum wallet
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Below is if you chose Ledger to cosign
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This is for Keepkey to Cosign. You should be familiar if you have used KeepKey before otherwise it looks like this below. 
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Done!

​I found multisig with 2 hot wallets here.
https://www.youtube.com/watch?v=QMl522DA-oo
Thank you to the Youtube channel "Hodl Hodl".

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