Hello Everyone ,
For added protection, I want to use my Trezor to set up a multi-signature wallet, however I could use some advice from experts. I am somewhat knowledgeable about multi-sig and its advantages in terms of shielding money from a single point of failure. I’m not entirely sure how to set this up with Trezor and other compatible wallets, though.
My research indicates that in order to completely activate and maintain a multi-signature arrangement with Trezor, I might need to use an external wallet interface, such as Electrum or Sparrow Wallet. Does anyone know if this is true? Which wallet interface, in terms of usability, compatibility, and security, would you suggest?
Additionally, I want to know if it’s feasible to build up a multi-signature system that allows me to use a variety of hardware wallets (such as Trezor with Ledger, for example). Does anyone know anything about this kind of setup? Are there any obstacles or security issues I should be mindful of if I choose this path?
Finally, any general guidance on best practices would be greatly appreciated. For instance, is it safer to store the Trezor devices in the same place or should I keep them apart? I would appreciate any advice on how to safely store several keys or how to backup the multi-signature wallet recovery procedure.
Thanks in advance for your help and support.