Recover LTC from Bitcoin Address on Hardware Wallet. Run Electrum from Source, Bypass Path Isolation

The process in this video is secure and doesn't involve compromising your seed phrase through entering it in to a software wallet. (If you have a hardware wallet that locks you in to vendor supplied software like a Safepal, Ellipal, etc, then my suggestion is to buy yourself a Ledger Nano S: http://bit.ly/2EWIw2q

There are still plenty of altcoins that will accept a Bitcoin P2SH-Segwit address as a valid destination and plenty of exchanges that allow this for things like Litecoin...

A video that runs through how to recover Litecoin that has been sent to a Bitcoin address using a variety of hardware wallets. It also looks at running Electrum from source, useful in situations where there might be issues with the current "official" release that have either been fixed in the main Github repository. (Or are trivially easy to fix) This also look a bit at some of the security issues that are inherent in multi-coin wallets and forks. (As well as help folk make sense of some of the dramas around path isolation that occurred earlier in the year)

Ledger Donjon Article: https://donjon.ledger.com/lsb/014/

Major Topics
00:00 – Introduction
01:45 – Running Electrum (and forks) from source
08:20 – Recovery Summary (Addresses & Derivation Paths)
08:40 – Recovery with ColdCard or Keepkey
10:49 – Recovery with a Ledger Nano (S or X)
12:40 – Trezor Model T
15:50 – Trezor One (Part 1, demonstrates situation where increasing gap limit is required)
19:22 – Bitbox02 (This is the “Universal process”)
23:03 – Trezor One (Part 2, making use of the Universal process)
25:42 – Discussion around security implications & risks of multi-coin wallets and claiming forks.

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If this was helpful, feel free to send me a tip:
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BTC: 37hiiSB1Poj6Shs8WawPS2HjT2jzHkFSQi
LTC: MRWnUcsyofisVp5GvX7nxMog5caneycKZ6
ETH: 0xCe41d43349E1c8C53E02631650E236d94A899a95

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Building Electrum
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1. Download and install Python 3: https://www.python.org/
2. Download the source code and unzip.
a. Electrum Repo: https://github.com/spesmilo/electrum
b. Electrum-LTC Repo: https://github.com/pooler/electrum-ltc
3. Install dependencies
a. pip3 install -r ./contrib/requirements/requirements.txt
b. pip3 install -r ./contrib/requirements/requirements-hw.txt
c. pip3 install pyqt5
4. download and install a libsecp256k1 dll
a. You can download a pre-build dll here: https://github.com/3rdIteration/libsecp256k1-LazyBuilds
b. and I placed it in the folder GitHub\electrum-ltc\electrum_ltc)
5. Run python via “Python run electrum)

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If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.

For your first purcahse, just stick with CoinBase: https://www.coinbase.com/join/5691c9d0a4c3a05dfa000151

For Trading, just start with Binance: https://www.binance.com/?ref=18111926

By sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)

Don't have a hardware wallet?
Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc)
Get a Ledger: https://shop.ledger.com/?r=5243ecbb8427&tracker=youtube
(If you are just starting out, I would just recommend a Ledger Nano S)

#bitcoin #btc #ethereum #eth #cryptocurrency #crypto #ledger #trezor #security

Видео Recover LTC from Bitcoin Address on Hardware Wallet. Run Electrum from Source, Bypass Path Isolation канала Crypto Guide