thank you very much. this makes sense.
I already did set up the nano as a new device, just to go through it once, and tie it to electrum (watch only - using hardware) but that's with new keys from the nano. (no coins in it)
so I will do the reset and follow your steps.
Topic: Keepkey, Multibit and moving to Ledger Nano S for BCH and fork asset access (Read 848 times)
October 19, 2017, 10:46:22 PM
October 19, 2017, 05:22:21 AM
you need to restore the seed to the nano... when the nano asks if you want to configure as a new device, select the button marked with an "X":
You will then be able to enter the KeepKey seed into the Nano which should effectively "clone" your KeepKey wallet into your Nano... you THEN use Electrum and select "use a hardware device"... it will detect your Nano and create a "watching only" wallet from the Nano's master public key.
This will ensure your seed is not exposed to any computer... it is completely entered (in a very long and tedious, but secure process) on the Nano itself.
NOTE: if you're unsure how to "reset" the Nano to get the "Configure as a new device?" message, (make sure you already have it's current seed safely written down if there are any coins on it
) and then simply insert an incorrect PIN 3 times...
You will then be able to enter the KeepKey seed into the Nano which should effectively "clone" your KeepKey wallet into your Nano... you THEN use Electrum and select "use a hardware device"... it will detect your Nano and create a "watching only" wallet from the Nano's master public key.
This will ensure your seed is not exposed to any computer... it is completely entered (in a very long and tedious, but secure process) on the Nano itself.
NOTE: if you're unsure how to "reset" the Nano to get the "Configure as a new device?" message, (make sure you already have it's current seed safely written down if there are any coins on it
) and then simply insert an incorrect PIN 3 times... October 18, 2017, 08:52:53 PM
so based on a video such as this: https://www.youtube.com/watch?v=LaijbTcxsv8 I can use my seed words to populate the Electrum software wallet with my balance, effectively recovering the keepkey to electrum.
but seems doing that and recovering to a new hardware-wallet tied electrum in one step isn't documented - maybe b/c the keys would be different being different hardware wallets? (ie: setting up a new nano = new seed words and by definition new private keys and public wallet addresses). this it's not actually possible?
when setting up electrum the choices, under standard wallet are:
1) create a new seed
2) I already have a seed
3) use public or private keys
4) use a hardware device
and I can't choose 2 and 4 at the same time
but seems doing that and recovering to a new hardware-wallet tied electrum in one step isn't documented - maybe b/c the keys would be different being different hardware wallets? (ie: setting up a new nano = new seed words and by definition new private keys and public wallet addresses). this it's not actually possible?
when setting up electrum the choices, under standard wallet are:
1) create a new seed
2) I already have a seed
3) use public or private keys
4) use a hardware device
and I can't choose 2 and 4 at the same time
October 18, 2017, 07:53:27 PM
so
1) I've got 2 primary keepkey hardware wallets. I have historically used multibitHD. it's been giving me fits (wallet rebuilds necessary every use, crashes) so much so that I had to use the Chrome plug-in to process a payment on a deadline. (I hate having the google borg aware of my use anything financial)
2) now one of my two keepkeys is acting up, it crashes MultibitHD 100% of the time, and only 1 out of 3 attempts to even use the Chrome plugin works. This is post firmware update last month. no errors on screen but I've submitted crash reports and emailed the multibit support page, and have gotten no answer.
3) at this point, I want to move my 2 wallets/balances to my new Ledger Nano S(es)
here is my question, I of course, have my 12 word recovery phrases.
A) am I better off setting up my other new hardware wallet(s) normally and transferring my balances:
i.) based on fees, not ideal, why pay fees to move my own money, and
ii.) based on any risk to being able to take advantage of my BCH (which should already exist) and soon to be available new forking coins, OR:
B) am I better off using my recovery words to 'recover' my current keepkey 'housed' keys directly into my Ledger Nano S, using Electrum, if at all possible
i.) I assume it would be fee-less, but
ii.) would it put my BCH plan at risk in any way, which I've yet to 'use'/transfer/etc
1) I've got 2 primary keepkey hardware wallets. I have historically used multibitHD. it's been giving me fits (wallet rebuilds necessary every use, crashes) so much so that I had to use the Chrome plug-in to process a payment on a deadline. (I hate having the google borg aware of my use anything financial)
2) now one of my two keepkeys is acting up, it crashes MultibitHD 100% of the time, and only 1 out of 3 attempts to even use the Chrome plugin works. This is post firmware update last month. no errors on screen but I've submitted crash reports and emailed the multibit support page, and have gotten no answer.
3) at this point, I want to move my 2 wallets/balances to my new Ledger Nano S(es)
here is my question, I of course, have my 12 word recovery phrases.
A) am I better off setting up my other new hardware wallet(s) normally and transferring my balances:
i.) based on fees, not ideal, why pay fees to move my own money, and
ii.) based on any risk to being able to take advantage of my BCH (which should already exist) and soon to be available new forking coins, OR:
B) am I better off using my recovery words to 'recover' my current keepkey 'housed' keys directly into my Ledger Nano S, using Electrum, if at all possible
i.) I assume it would be fee-less, but
ii.) would it put my BCH plan at risk in any way, which I've yet to 'use'/transfer/etc
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