Jan 02, · Bitcoin Discussion General discussion about the Bitcoin ecosystem that doesn't fit better elsewhere. News, the Bitcoin community, innovations, the general environment, etc. Discussion of specific Bitcoin-related services usually belongs in other sections. Transfer the wallet from your phone to a electrum client on your PC then run this ruby script with your best guess. As you managed to install electrum on your phone I guess you are a bit tech savvy. Electrum is one of the most popular Bitcoin wallets. Electrum is fast, secure and easy to use. It suits the needs of a wide spectrum of users.
Bitcointalk electrum walletElectrum - Desktop - Linux - Choose your wallet - Bitcoin
The interface is fairly plain and simple. You have 3 menus — History, Send and Receive. Nothing flashy or distracting. Straight to the point. In the bottom right corner, you can see 4 icons: A lock which lets you change your password, a Preferences option, a menu which allows you to see your seed words and a light which indicates the status of the wallet — Green means working properly.
On the bottom left corner, you can see your current BTC balance. Below you can write a text description , then you put in the amount you want to send and regulate the fee which will affect how soon the receiver will get his BTC. These vital few step operations form a nice backup option of Electrum, which is accomplishable in several steps. The software provides a passphrase of 12 words for safety reasons.
Bear in mind, you need to execute just one backup. When having a backup of Electrum, simply restore it and operate with your assets right away.
In case you restore from a seed or backup, make sure the wallet is empty. This is a necessity, because the restoring process overwrites the existing keys with the ones from the restored seed.
If not backed up, the previous seed and funds will be lost. For more detailed information on the terms backup and restore cryptocurrency visit the homepage. Creating a reputable password is the key to strongly encrypt your funds. If you ever decide to restore your wallet for some reason, you can manage to do it via your pass phrase. If the wallet offers no pass phrase, then you have to possess a backup file of it to restore the software.
This must be made right after installing the wallet and keeped safe, exactly as your passphrase — multiple copies, on different devices, hidden in several locations.
Have you thought of combining a cold and a hot wallet? Maybe using the offline one to store your coins and the online wallet to operate with them? If you buy a Ledger hardware wallet then you can easily set up the Electrum software and use them both. Step 1: Download and install the Electrum wallet from their official website. Your device will sync with the software and you can continue using the Electrum wallet. What about Linux users?
There are some additional commands to fulfill during the setup process like libraries, if needed. Here they are:. For the purpose of signing a transaction, you have to validate it on your Ledger device to get it broadcasted in the network. Now, I would like to present you the full list of security and privacy features, so keep reading. Let me start by saying, that the setup is fairly hard for a newbie to manage single-handedly. Another frequent setback about Electrum is the freezing software.
This happens when you try to execute a large number of transactions at the same time. It is advisable to send smaller amounts of BTC to one of your addresses desired wallets for verification.
Talking about other wallets makes me think of the import of private keys from other BTC wallets. What you can do here is to swap them. Last but not least one advice, make sure you have your password and seed safe. In case of losing or forgetting them, your Electrum account is unreachable. Electrum is really active in supporting every user.
The users have created a fast responding community reachable at Bitcointalk. One small clarification here, for the forum with questions and support you will have to register. Nothing too complicated. Reddit is one more community forum for such purposes. Electrum had a moment of vulnerability in It was software related bug in the the source code. This vulnerability in the code was fixed in early There you will see the full list.
Electrum is one of the first invented wallets in the crypto world. Ever since the first day, different developers have contributed to its source code, thanks to the open source character of the product.
In the world of crypto, laying hands on every new piece of information is essential. This way you will be able to react on time in case of threat or useful advantage. The team behind Electrum knows that and stays active on several social channels:. Wallet Type:. Back to top. Check the table below and make an informed decision: Pros. Are You Interested in the Electrum Wallet? Download Here. Is Electrum Safe? Security One of the most wanted factors, when choosing a wallet is the protection level it offers.
Tor Network Using his feature gives you the opportunity to perform anonymous and free of surveillance internet operations. Is Electrum the Wallet For You? Transaction Fees With Electrum, the software sets transaction fees automatically, but you can still change them depending on the urgency of your transactions or in other words, how fast you need them to go through. Conclusion The easy and not time-consuming setup process makes Electrum one of the most used and secure wallets for managing Bitcoin.
Download Now. Electrum for Windows logo Windows. Electrum for Linux logo Linux. Electrum for Mac logo MacOS.
Interface Overview The interface is fairly plain and simple. Hint: Always check the addresses several times. Sending is irreversible and not refundable. Electrum's focus is speed and simplicity, with low resource usage. It uses remote servers that handle the most complicated parts of the Bitcoin system, and it allows you to recover your wallet from a secret phrase.
This wallet gives you full control over your bitcoins. This means no third party can freeze or lose your funds. You are however still responsible for securing and backing up your wallet. This wallet uses SPV and random servers from a list. This means little trust in third parties is required when verifying payments. However, it is not as secure as a full node like Bitcoin Core.
This wallet is open-source and built deterministically. This means any developer in the world can audit the code and make sure the final software isn't hiding any secrets. This wallet can be used from insecure environments. However, this service requires two-factor authentication. This means access to multiple devices or accounts is required to steal your bitcoins. This wallet makes it harder to spy on your balance and payments by rotating addresses.
You should still take care to use a new Bitcoin address each time you request payment. This wallet uses central servers which are able to associate your payments together and log your IP address. This wallet lets you setup and use Tor as a proxy to prevent attackers or Internet service providers from associating your payments with your IP address.
This wallet gives you full control over fees. This wallet also provides fee suggestions based on current network conditions so that your transactions are confirmed in a timely manner without paying more than you have to. Make a donation. Electrum Electrum's focus is speed and simplicity, with low resource usage. Two-factor authentication 2FA is a way to add additional security to your wallet. The first 'factor' is your password for your wallet. The second 'factor' is a verification code retrieved via text message or from an app on a mobile device.
It likely requires relying on the availability of a third party to provide the service. Bech32 is a special address format made possible by SegWit see the feature description for SegWit for more info. This address format is also known as 'bc1 addresses'. Some bitcoin wallets and services do not yet support sending or receiving to Bech32 addresses.