SPARROW WALLET: Manage Your Bitcoin (Hot, Cold and Multisig)
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- Опубліковано 16 жов 2024
- Sparrow wallet allows you to utilize Bitcoin in a variety of different ways on desktop, including creating hot wallets, cold wallets using hardware devices, and multisig vaults. The unique interface offers greater transparency when understanding the movement of your coins, and allows for easy connection to your Bitcoin node.
Relevant tutorials:
Blue Wallet
• How To Get A Bitcoin W...
Trezor
• Trezor Model T - How T...
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Ledger
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Coldcard
• Coldcard Bitcoin Hardw...
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Umbrel Node
• Umbrel: How To Run A B...
myNode
• myNode: How To Run A B...
Bitcoin Fees
• BITCOIN TRANSACTION FE...
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I can actually feel the warmth of Ben's hand as he holds mine while I go through these steps setting up a wallet with Sparrow. Best tutorialer in the space bar none
Haha this is a fantastic comment
TIMESTAMPS:
0:00 - 4:48 - Intro/Sponsors
4:48 - 21:28 - Hot Wallet Setup
21:28 - 25:04 - Cold Wallet Setup (Trezor)
25:04 - 46:24 - Multi Sig (Ledger, Cobo, & Coldcard)
46:24 - 49:50 - Additional Notes
49:50 - 55:18 - Connect Your Node (Umbrel & MyNode)
55:18 - 56:38 - Outro
These Sparrow videos could probably use a refresh after 2.5 years
I just switched from a Trezor to a Coldcard. The Trezor was idiot-proof - a doddle to set up & use, but the Coldcard is mind-bogglingly complicated to a non-techie like me. It is on a whole different level, and I am having to navigate a lot of stuff I've never even heard of! I would be lost without your helpful tutorials - thank you!
Great video thanks again. Inspired by your videos I have set up my own node on Umbrel, connected my Sparrow wallet and sent BTC from my Sparrow wallet to my Umbrel BTC wallet ready to start setting up channels on Lighting. So much more to learn but I think the first steps have been made. I would encourage everyone to have a go at this. I have no prior commputer skills and have never written a line of code and I managed. Its very doable.
Sparrow looks amazing actually. Maybe a good upgrade from Electrum? UI wise anyways.
Another great video, Ben! It brings up something I’ve been wondering about. Have you ever done a video about “gpg” for verifying the wallet you download? If not, I think that would be a great thing to do.
Great tutorial! Think I’m ditching Specter for Sparrow - looks so slick
I just found this wonderful video explaining absolutely everything I needed to know. EVERYTHING!!!!! I don't understand what kind of idiot could have given an excellent master class a thumbs down. Thank you very much for making the explanation so clear.
Could you explain what/why there is a (1 warning below) on your Cold Card when sending the psbt.... thanks for the excellent videos!!!
Your delivery in explaining all this is clear and concise,so thanks a lot, really helpful.
Great vid, with multisig is airgapped really going to make a difference ? To reconstruct the vault do you still need all 3 seed phrases ? In case you lose 2 devices.
Thanks Ben, helpful to see Sparrow working in action. I would have preferred to see you verify the receiving address on each device when demonstrating multisig rather than trusting the address that Sparrow Wallet generated. It's vital not to rely on the address that a software wallet generates and to always verify the same address is showing on the hardware wallets.
Just sent my first multsig transaction with a Trezor + ColdCard + Specter Desktop setup. Signed with my Coldcard + Trezor. Truly a magical experience seeing this all work together.
And thank you BTC Sessions! Couldn't have done it without you!
Ben which is your main wallet and why?
Insanely helpful. Thanks Ben. Noob question... what would happen if I set up Sparrow wallet on one computer, but then get a new computer? Is there a way to re-activate that same wallet on the new computer? Just kind of confused and don't want to get a multisig wallet lost or something.
Loved how comprehensive this tutorial was. Here after Ledger wallet ephed up. Cheers. 👍👏
Great content as always. Do I need to have Bitcoin core finished downloading before I start up my lightning node.
The last piece of infomation to adjust sats on fee is very useful
A very nice discovery this channel, personally I find it very educational in the explanations, I mean also in the language, clean precise, clear very understandable, truly sincere compliments!
If I may I would like to ask you a fairly specific question and it would be: if for example you have a Linux Debian PC with a wallet with all the labels of the movements and you wanted to copy the exact same wallet on another Linux PC, without losing anything of the labels and data, clearly using the same version of Sparrow, would it be possible? and if so, what would be the folder or file to make a copy of to then put on the new PC?
Best regards and thank you!!
Thanks so much for your videos!
I followed your tutorial and set up my Trezor wallet through Sparrow however the balance on Sparrow reads 0? There is some btc on that trezor. Any idea how to link it thoroughly?
I've watched and come back to this video multiple times - thank you Ben!
May I ask an unrelated question? If I have a BlueWallet Vault with two sigs (here comes the perhaps non pertinent part), what happens if BlueWallet goes bust and stop service? How do I access my vault?
Hi Ben,
Great video - thank you!
One quick question: Is there any way of VERIFYING the receive address on the multisig wallet, on your Coldcard?
On Coldcard single sig, you can look-up the receive (and change) addresses and verify it matches what you're seeing on Sparrow. I can't find a way on Coldcard multisig.
Any help appreciated.
Do you need to set up the connection for each wallet or just once and all your wallets are connected once you set this up
@BTCSessions Would you ideally be using a clean install of whatever OS you are on to use Sparrow (e.g. MacOS on a separate flash drive)? Or do you feel comfortable using it on your daily drive machine?
Hi BTC Session, amazing tutorial but i do have one question about setting up a multisig wallet. I already have a singlesig sparrow wallet created using coldcard, if i want to make a multisig sparrow wallet using the same coldcard will it affect my previously created singlesig wallet?
Great video thanks. Question,: I developed a habit to the LIVE mobile interface where I could view my bitcoin. Is there any mobile interface I can use with Sparrow to see my BTC on mobile? Thanks!
Question for both Ben and Craig:
I've been scheming up a way to privately create a similar wallet as Casa uses in their 2/3 and 3/5, but with Sparrow and Blue Wallet. I'd appreciate your thoughts on how this may integrate. I notice in fact that you have even directly integrated the bluewallet vault coordination import/export feature, which is handy. Let's walk through the 2/3. I would create the first key on blue wallet/sparrow as a hot wallet and not back up the seed (seedless rotatable key for convenience). Either desktop or mobile offline signing would be possible with that key immediately. Then as normal import xpubs of the two hd keys. Export this coordinator setup to all wallets/bluewallet vault/sparrow. Backup those hd keys on steel. One key goes to deposit box as recovery key/inheritance key. One key goes in the safe.
Now the trick is, can you setup the transaction on Sparrow, then visit your recovery key and sign it using bluewallet on mobile (offline signing), and return to Sparrow to import that psbt from the remote coldcard? It's almost like transporting your signature, and then broadcasting later on another device.
This could then be ramped up to a 3 of 5, with multiple locations. The idea being that Sparrow is where you construct transactions, but bluewallet is taken to each location to collect signatures. Import all signatures from bluewallet to Sparrow, and broadcast.
Is this possible/interoperable?
Love the software. It's very clean, and I like that all the information is available clearly.
Looking forward to connecting to my Umbrel node. Great presentation. Explanation of your mistakes were the most useful regarding fees.
I assume there's no issue in using a hardware device with an existing wallet to create a multisig?
What information do Sparrow receive when you plug a wallet? The public key? And how is the multi sig adress generated?
Hey is Sparrow wallet still being used? How does Xverse and Ordinals wallet compare to Sparrow?
Great video. Question about addresses designated as change addresses in Sparrow Wallet. If I have sats in an address designated in Sparrow Wallet as a change address and just wanted to store sats only in that one change address, I can, right?
Can you plz do a show on sparrow wallet multisig? would love to learn! Thanks for all you do!
Nice video but I'm super confused about a few things.. if somebody found your seed phrase how would they know which wallet you had your btc on to steal? Like it could be on sparrow/ wasabi/ electrum or wherever? Because if you lose you cold card for example you can retrieve your funds with another device? But if someone looking to steal how would they know where? Just don't get this whole concept I'm new to this..
Great video, thanks!! Is there a way to see Sparrow wallet balance on an iPhone without sacrificing privacy? Thanks!
Hi Ben, I have a ledger nano s and cold card already setup. I want to create a multi-sig vault using Sparrow
What happens to the btc/eth already on the ledger nano s? Do I need to empty the ledger first?
No, the multi-sig wallet will be a new wallet.
Both your Ledger Nano S and Cold Card will still be able to open their own separate wallets.
After making a single sig wallet in Sparrow can you convert it to multisig or do you have to create another wallet that is multisig?
I f I already have a singlesig wallet set up with Coldcard, can i still use it for multisig?
Can you send your btc from sparrow on your laptop to cold store it on an old phone? This is helpful but i see you are moving it from one phone to another, i am trying to figure out how to move it from laptop to old phone. Thanks! Cheers!
Thank you for the excellent tutorial video. One thing I have not quite wrapped my head around is the creation of the hardware wallet and the seed phrase. So, if someone was to create a wallet using trezor suite, they would have to record a seed phrase. However, when I watch your video here I see that no seed phrase is associated with the cold wallet creation in sparrow. Do you only ever need one seed phrase for multiple wallets if you use the same trezor? Thank you for the great content and any time to answer this question.
Hey great question!
So for this video all these devices already have been set up with seed phrases. No need to create new ones if the device is already initialized and you just want to use it with different software - the backup remains the same. Most hardware devices are compatible with many different pieces of software.
Wallets like sparrow are simply another way to interact with the same Bitcoin network. Think of it like an internet browser. You can use Chrome, Safari, Firefox, Internet Explorer... But they all connect to the same internet 😁
@@BTCSessions hey Ben! Bonjour de Montréal . Tell me : easy question ... do we have different 12-24 passwords on each wallets ?? Cold card , ledger , this wallet ...?
Thanks for doing this - big time saver for many I assume. The exported txt file, how does the Coldcard store that? If you switch to a fresh Coldcard, and set it up with the same seed, you will need that same txt file again I assume? You can export it again from Sparrow at any time of course. But in Sparrow, it's not enough to backup my seed, right? I assume I will also need to keep a backup of each wallet? Feels a bit intransparent compared to just putting one metal plate in a safe.
So what is your first choice of all this btc wallets, wasabi, sparrow, blue..... ? thanks
If I buy a new hardware wallet and send all of my
BTC onto it from my previous hardware wallet, Would I still inherit those UTXO's or would I have one single UTXO from that transaction?
if you pay attention and coin-select each transfer, you'd inherit the UTXOs
This is great. Waiting on the new Umbrel 1.0 to be released. Will use this to setup with Sparrow. Thank you.
great content, always clear and useful!! I have a question : while creating the multisig wallet, in the Keystores section the key imported for the 3 devices is a xpub. Why is that? I believed that keys used for multisig wallets were Zpub or Xpub
Great video. I have a question. I set up my Coldcard wallet and linked it to Sparrow Wallet originally by plugging it directly to my computer, but I now want to use the SD card to do partially signed transactions. Is it worth resetting it and making a new wallet without plugging it in at all, or is it fine if I just use the SD card going forward?
Hi Ben! Can I use one of my coldcards for both a signer of a multisig wallet and also use it for another singlesig wallet for smaller amounts? Not sure if it needs to be dedicated to multisig only?
When I imported 2nd account from Ledger nano HW receive addresses were different than in ledger live. Can you explain why is that and how can I trust Sparrow? Thanks
Quick qn! what happens to the multisig setup if sparrow dies/closes down etc for whatever reason?
good content, I'm going to test the multisig, I have a question, what would be necessary to save to be able to replicate the multisig wallet on another computer?
How can a multisig wallet be created with three keys where one of the keys is always required along with one of the other two keys?
Are the 12 mnemonic words the only thing I need to recover all my assets in the sparrow wallet in another computer? Do I need to export the wallet or record the passphrase etc?
Hi, there is a further option which is taproot. Would you suggest it for privacy?
Why do airgapped devices need this extra information on them for multisig? That's a part of multisig I don't understand yet. The ledger/bitbox only needs to get connected for example.
Good Q - there's a few things to understand here.
1. A multisig takes bits of info from all signing devices and combines them to create what is effectively an entirely different wallet.
2. When you use a wired device, it communicates with the computer in real time. This means it can see the multisig setup, and that its private key is a part of it, thus able to sign transactions.
3. Air gapped devices have no way of knowing they're part of a multisig unless you tell them (by scanning a QR code or using an SD card). If they are unaware, you basically are saying "hey sign this transaction!" and the wallet is saying "I don't know what this is, because this address does not belong to the private key I hold".
I hope this makes sense!
can you show how to do a transaction from a legacy paper wallet to this one?
Hey. Thank you so much for you video. I’m stuck with my coins mixed in Sparrow but only the first round. I have configured to withdraw to a cold wallet after 4 mixes but none of the utxo are being remixed, stuck at 1. Can someone help me there?
Good Evening, very simply described. Wish, I had seen your video before. I got an issue brother, wishing a fruitful suggestion from you. I didn't broadcast a transaction, instead did sign it exactly as you have shown in your video at 2oth minute. Now, how to cancel the transaction please. I got stuck over here.
If one connects their trezor wallet to sparrow, will transactions made on the sparrow/trezor wallet also reflect on trezor suite?
Please Help, I'm trying to connect my Blockstream Jade to Sparrow. I am going through Tor using my Bitcoin Node (Electrum). I have rebooted 2 time and still get the same ERROR message...
Could not open client or get fingerprint information: could not open port "COM4": PermissionError(13, 'Access is denied.', None,5)
Your videos have been a tremendous help!
Hey Ben. Long shot here but is there any reason why I can’t see my utxo in sparrow if I see the correct fingerprint in “settings”? I exported xpub from coldcard, not seeing transactions or utxo (there’s only 1)… I can see the funds on mempool in my address, I can see them in green wallet (created wallet on jade, recovered on coldcard). I exported from jade to sparrow as well and do not see any transactions (should be 3) and no utxo (should be one). I want to understand sparrow before I start moving real value.
One simple check you should do: there's a switch down in the bottom right to ensure you're connected to the bitcoin network. is that on? Should be either yellow, blue, or green depending on if you're running your own node, etc. Sounds silly, but the amount of times I've accidentally done this is embarrassing :)
lol, thanks for the quick response! yeah I did connect my own electrum server via umbrel, and because it didn't work I tried a couple public servers as well. test connection worked for all of them including electrum. still no transactions or utxo. maybe I should test a hot wallet on sparrow and see what happens? is there any other reason why I wouldn't see my info that you can think of? on a side note, thank you for all the tutorials, its an immeasurable value to the community and you're killing it dude! @@BTCSessions
Ben, thanks for the awesome teaching! Greatly appreciated dude!
Hey Ben, if you lose a hardware wallet that is part of a multi sig: will restoring your sear to a new hardware wallet also bring back all of your multi sig settings?
i think so. can anyone confirm this?
i just confirmed and it works after seed word restoration
Thanks Ben for another useful clean review. This wallet seems to have great features. Question: do you think it can be trusted already, given that it's still recent and maybe its code wasn't thoroughly audited yet?
Given you're likely to use hardware wallets with it, you should be ok as long as you check your device as your "beacon of truth" when doing transactions. Double check addresses, fees, etc to make sure they are correct. Every hardware device goes by the assumption that your computer is compromised and protects against that 😁
@@BTCSessions you're absolutely right, thanks. And assuming one isn't running a node, do you think sparrow provides more or less privacy than electrum connected to the blockstream server?
Is it possible to import a Trezor wallet with funds already on it into Sparrow? I've been trying but it seems it only creates new wallets on the Trezor
When sending after i click "Broadcast Transaction " The bar where it says signatures keeps loading... my crypto never sends..Does anyone know what the problem could be ????????????
What an excellent & exceptional channel you have build
Great video, thanks. And the wallet looks fantastic.
Amazingly clear as always, thx Sessions!
Invaluable tutorial, thank you kindly for your time sir.
Can someone tell me the website/URL to download sparrow wallet?
So question, if I use multi sig and use seed to pull up on another wallet does multi sig still in play or can someone steal my coins with seed and not need my multi sig wallets. Does multi sig carry over to blockchain
Hopefully I understood your question correctly - I'll do my best to answer!
So you can use the individual keys of a multisig to create any other single sig wallet you like. If someone gets that ONE key, they can't compromise the multisig wallet at all.
In order to actually access your multisig, a person would need your wallet configuration file (basically the map to your digital vault) and the minimum number of keys required to unlock it.
@@BTCSessions thank you for the reply, what I meant was if lets say you have 50.00 in whatever coin on electrum , sparrow, any other wallet ( those seem hot) but multi sig. Then electrum sparrow or whatever go down. I restore or hacker restore anywhere else. Does the multi sig follow? Can a hacker if gets seed steel funds on any other wallet they try to restore or does the multi sig get written on blockchain and follow the seed to any instance of being restored anywhere or does the multi sig only live on electrum or sparrow where I set it up. If it only lives on electrum than it does no good if it doesn't follow seed to any other wallet trying to recover seed. Thanks
Hey may I ask one qusetion?
I used one wallet sent 0.01250821BTC to my ledger X,
I been charged 0.0001895 BTC as fee for this Transaction , it's quite high,and that is the lowest options from that wallet
when I checked "view in explorer" I saw this
"This transaction could save 42% on fees by upgrading to native SegWit-Bech32 or 31% by upgrading to SegWit-P2SH"
May I ask how to lower the fees ?
Thank you .
Fantastic explanation and demo! Thank you so much!
Super! Amazing! Thank you!
You know for us simple people you should start with downloading and setting up the sparrow app. Because that alone is a whole rigamaroe.
Hi,
Thanks much for the videos. Very helpful and high quality content.
Is it possible to create a shared multisig wallet, where people approving transactions are in different geographical locations and using different computers?
Electrum has a plugin for that is is called Cosigner Pool, if I remember correctly.
Do I need to run my own node in order to download and use Sparrow?
No
Thank you so much for sharing this! You've helped so much.
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potentials
Guys, i really don't know which to go for, foundation passport or coldcard. One is relatively new but super handy whereas the latter one has a good reputation over the years.
I would go with cold card, did you already decide?
Thanks for this video!
"...nor will your words be good if you don't remember your password..." If you forget your password you should be able to recover your wallet/import into a new wallet with your words (seed phrase). So this does not make sense to me.
Can you do a coldcard mk4 vid please mate ... as slow and simple as possible 😁
Yes sir
Well done...
Nice Info man!
Thanks!
the video starts at 5:00 you are welcome
Fantastic!!
Liked!
what happened to your voice on minute 28??? 🤣
👍👍👍👍👍👍👍👍👍👍
Unfortunately this wallet is way too complicated for beginners. Developpers need to work on simplicity otherwise there's no need for any more wallets out there.
This is 100% not a beginner wallet - it is made specifically for power users of Bitcoin.
There are many good Bitcoin wallets that focus on simplicity - Blue Wallet is a good example. Sparrow focuses on deep visibility into the Bitcoin protocol to serve the needs of those who need to see the details. Bitcoin has no undo function, and the best way to avoid a potentially life changing mistake is to understand what you are doing before you do it. Visibility leads to confidence leads to fewer mistakes.
@Yoriichi technically, Specter might be a little less secure because it’s browser based. Still better than most other options tho
Wtf was that bluewalletfee
There's a fake account with a similar name and profile pic that is spamming the comments
I know, it's constant. I've blocked/reported so many of them already but it's impossible to keep up. If you see comments like that, it's super helpful if you can report them. Thanks for the heads up!
Way too complicated
11 ads... really!
Informative YT video on a niche area, ads allow him to monetize. I’d assume you’ve watched shows with commercials and happily let those go by and you learned nothing from the show.
Something to think about. Cheers!
@@RobDevery certainly, I made no claims to your inherent rights. Good on you, Rob.