Post
Topic
Board Hardware wallets
Re: Safest way to go from paper wallets to Trezor
by
bassmaster
on 22/04/2019, 18:06:20 UTC
Since you say it is a lot of bitcoin...

Electrum is the way to go.  Not Mycelium or another mobile wallet.

Here is a very high-level overview of the steps:

Creating the sweep transaction (online)

  • Setup the hardware wallet (backup the seed, etc)
  • Record the hardware wallet address it generated.
  • Load the paper wallet address into an online version of Electrum (Keep the private key away from that computer, just the ADDRESS)
  • Create a tx spending from the paper wallet address to the hardware wallet address.
  • Save the tx as a file to a USB stick.

Signing the transaction (offline)

  • Create a secure TailsOS on a second USB stick and boot into it. (make sure to select Networking => Offline from the welcome screen)
  • Load Electrum (it is pre-installed)
  • Create a new wallet from your private key (type the whole thing)
  • Import the unsigned tx and sign it with your private key
  • Save the signed transaction as a file back to the USB stick

Broadcast the signed transaction (online)

  • Rebot back to your online system
  • Load the signed transaction into Electrum
  • Broadcast it