The first and second nodes in a wireless network estimate first and second channel response. The first node quantizes the first channel response to produce a first bit sequence, and a feed-forward message, which is transmit as a feed-forward message to the second node. The second node quantizes the second channel response using the feed-forward message to produce and an estimate of the first bit sequence, a second bit sequence and a feed-back message, which is transmitted to the first node. Then, the first and second nodes delete bits in the respective bit sequences using the feed-back and feed-forward message to generate first and second private keys with low bit mismatch rate.