Crypto Key Management and Hardware Wallets: Bonus Livestream Session
aantonop aantonop
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 Published On Streamed live on May 23, 2020

Everyone knows security matters, especially for crypto keys. But it's one of the hardest things to figure out for yourself. Key management is one of the questions I get asked most often, by newbies and not-so-newbies. This session is 100% about answering your questions about cryptocurrency and cryptoasset key management and hardware wallets.

In this session, I discuss derivation paths, bitcoin wallet security, Ethereum staking with hardware wallets, secure storage, the electrum wallet, and much more.

Chapters
0:00 Crypto key management & hardware wallet livestream begins!
3:53 - How to cross the border and escape a govt while concealing your BTC, memorize your 12-word seed like your life depends on it.
6:11 - Derivation paths and how they work / what they do.
16:30 - Derivation paths and his project to create an Electrum plugin to scan for lost coins on an unknown path and a grant he has available for developers.
19:41 - Passphrase or 25th word and its use/goal / best practices.
23:00 - Hardware Security Modules and companies using them for custodians.
26:48 - Entropy / Mnemonics / and checksums.
28:40 - Thoughts on hardware wallet features, what they should do in the future / open source?
33:00 - 25th word/passphrase side and best practices
38:45 - Staking ETH and is it possible with a hardware wallet?
41:30 - Creating offline private keys/wallets. BIP39 and crypto hardware wallets.
48:00 - The best way to advance secure storage / personal guardians/shards of mnemonic seed phrase. Crypto steel backup.
51:30 - What to use, what is best besides a hardware wallet if I have no access or can't afford one.
57:00 - How long will older hardware wallets be usable/relevant. What happens if the company doesn't support them in the future. Seed backup methods Crypto Steel. Fun fact: aantonop's 2013 Trezor still works today after being washed.
59:00 - Can wallet makers program the device firmware to steal the seed phrases and be able to steal our coins.
1:00:30 - Is it a good idea to store most of my crypto in non custodial wallets on my phone vs a hardware wallet?
1:02:00 - What does Electrum do? You recommend it, but also warn against hot wallets. Could you explain?
1:06:45 - When initializing a HW wallet, how is the random seed generated?
1:09:00 - Can you steal keys from a completely reset phone?
1:15:00 - Cold storage... electrum on tails.. store my seed on metal... avoiding using a hardware wallet?
1:19:30 - Is it safe to backup an encrypted electrum wallet file on a cloud service like google drive or dropbox?
1:22:30 - Does updating a hardware wallet for safety and security matters?
1:25:00 - Can you steal a seed from a hardware wallet after deleting the mnemonic seed phrase from it?
1:26:45 - Can somebody ever generate the same private key as me?

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About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com

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