Duration: 2 hrs

If you are already trading or want to start trading cryptocurrencies, why not learn the best practices when handling different payment scenarios? Trezor is the industry standard hardware wallet for storing popular cryptocurrencies. Using the Trezor seems straight forward but there might be other useful features of Trezor and tips that many people missed.

Having the confidence when dealing with cryptocurrencies and the knowledge on how to use them securely is no longer a bonus but a necessity. People make stupid mistakes with their crypto wallet and have sleepless night simply because it could worth a lot and yet so easy to lose it. A workshop on  how to use cryptocurrency securely will save you from many headaches in the future.

This is a 80% hands-on workshop focusing on knowing your Trezor hardware wallet other than just sending and receiving cryptocurrencies (Bitcoin and Ethereum).

Target audience:

This workshop is suitable for people who:

  • work in the Blockchain industry dealing with cryptocurrencies and need to know how to operate a hardware wallet.
  • want to learn the best practices when using cryptocurrencies and do not want surprises when sending and receiving them.
  • are holding a lot of crypto asset and do not yet know how to operate a hardware wallet confidently.
  • are one of the key holder of a multi-sig wallet and do not yet know how it works.

Objectives:

  • Know how to use a hardware wallet to send and receive Bitcoin.
  • Know how to use a multi-sig wallet.
  • Know how to use a hardware wallet to send and receive Ethereum.
  • Know how to prove who you are by signing a message.
  • Know how to participate in ICOs.

What to bring:

  • A Trezor hardware wallet (buy one if you don’t have).
  • Bring your own laptop (must have an available USB port for the hardware wallet). Your laptop must have the latest version of Google Chrome installed.
  • Writing materials.

Training materials:

  • Course notes.

Disclaimer:

  • The content provided in this workshop is not meant to be financial or investment advice.
  • The workshop is designed for cryptocurrency beginners. Technical information will be provided but the workshop will be kept as non-technical as possible. Participants who want to dwell deeper into the technical concepts of blockchain should look out for our advance blockchain courses instead.

About the Trainer:

Bernard Peh is a software architect with 20 years of experience in the IT industry. He is also the founder of Whale Tech and a blockchain consultant. He bought his first bitcoin in 2011 and is still actively involved in mining, crypto trading and writing Smart Contracts.

Workshop outline:

1. Introduction to Trezor

  • What is a hardware wallet?
  • The Number of coins that Trezor supports.
  • Q and A

2. Setting up Trezor

  • Plug Trezor into the usb port and follow setup instructions if not done.
  • Q and A

3. Sending and Receiving Altcoins with Trezor Online Wallet

4. Setting up MyEtherWallet (MEW)

5. Sending and Receiving Ether (Exercise)

  • In MEW, choose infura.io (ropsten network) and get some free ETH from http://faucet.ropsten.be:3001/
  • Set 1 Gwei as gas price and send 0.1 eth to 0xAd1Bf519929A55DE5f926477A7c065d3F52beCBF
  • In real Ethereum mainnet, its a good idea to refer to https://ethgasstation.info/ for gas price to set.
  • Assuming a tx fee is too low, how do you unstuck a tx?
  • Can you make another transaction while your previous transaction is still pending?
  • How can you track your account without logging into MEW?
  • Q and A

6. Participating in an ICO (Exercise)

  • How many ways to participate in an ICO?
  • Why you should not send ether to a Smart Contract from an exchange?
  • participate in the dummy ICO with the following information:
Crowdsale Contract Address: 0xB2f041E7dbcDB323018aac7694D2b9636c8F70C7
Token Contract Address: 0xE7A24745EA4267Ca06f2B7BF25F8F64Eb8838B54
Token Symbol: WHALE
Token Decimal: 18
  • How do you see your Token in MEW?
  • How do you see your Token in etherscan.io?
  • Q and A

7. Setting up Electrum

  • Why use Electrum?
  • Download the Electrum wallet and setup Trezor with segwit enabled.
  • Go through Electrum preferences.
  • Go through Trezor device settings in Electrum.
  • Q and A

8. Sending and Receiving Test Bitcoin with Trezor (Exercise)

9. Using a Multisig Wallet (Exercise)

10. Signing a Message

  • Proof yourself is the owner of a message “I am Satoshi”.
  • Q and A

11. Final Tips

  • How do you cancel your Bitcoin or Ethereum transaction?
  • What if your hardware wallet is stolen or lost?
  • What are the things to consider when buying a second hand hardware wallet?
  • Q and A

12. Conclusion

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