Thank you for your replies and feedback at least I have been able to understand that I can't use other currency other than bitcoin. For rest I think I am not too familiar with forks.
Then lastly I have to lock this thread hoping the information gotten from here are enough for me.
Topic: Does Electrum support any other currency apart from btc? (Read 150 times)
As the above members have pointed out, bitcoin is the only cryptocurrency that Electrum supports. However, addresses generated by Electrum are supposed to accept forked coins, but you will need an appropriate wallet to be able to manage those forked coins.
Electrum is an open source wallet and if you have the required skills then you can edit the codes to create a forked app which is able to handle forked coins (electron as an example).
Electrum is an open source wallet and if you have the required skills then you can edit the codes to create a forked app which is able to handle forked coins (electron as an example).
In addition to the above posts, there is another currency that supports Electrum(Not the fork of Electrum.)
It also supports tBTC when you enable testnet on Electrum but this coin has no value it usually use only for testing and development.
If you want to test something want to learn how to use it you can get free tBTC from this testnet faucet list.
Testnet faucet list.It also supports tBTC when you enable testnet on Electrum but this coin has no value it usually use only for testing and development.
If you want to test something want to learn how to use it you can get free tBTC from this testnet faucet list.
https://bitcointalksearch.org/topic/testnet-bitcoin-activate-experience-it-but-dont-trade-and-get-scammed-5215716
~snip~
It makes me sad to say but Trezor/Ledger or Metamask are your best bet in this case.
It makes me sad to say but Trezor/Ledger or Metamask are your best bet in this case.
I would just add that when it comes to altcoins there are also free desktop & mobile wallets that are probably less secure than the hardware wallets you mention, but still in the light of recent events for someone who has a couple of hundred dollars worth of altcoins it is not worth buying HW.
Of course, I'm talking about multicurrency wallets like Coinomi, Trust wallet or Mycelium that have their drawbacks - but they are still completely free unlike the HW you mention, and whose security policy makes less and less sense.
According to how the topic says I was mean to know what other currencies can be stored on Electrum wallet apart from bitcoin, I was glancing through the forum and lots of post I founds out happens to be only directly on btc so I haven't seen people talking of other coin to be stored over there. So please is it possible to store other coin there and is it safe?
Don't mind my question if it looks so childish or silly to you, but I believe we are here to learn and educates those who don't know about wallets and its configurations.
Short answer: You can't store altcoins on official Electrum.Don't mind my question if it looks so childish or silly to you, but I believe we are here to learn and educates those who don't know about wallets and its configurations.
Long answer: Your best bet is to find out if any altcoin, that you want to use, has an official wallet. For example, Litecoin and Monero have official wallets afaik.
But almost 99% of altcoins don't have official wallets, so, unfortunately, you don't have as good comfort as you have with Bitcoin. A lot of altcoins officially suggest you to use Ledger/Trezor or other 3rd party hardware/software wallets and/or centralized exchanges.
It makes me sad to say but Trezor/Ledger or Metamask are your best bet in this case.
IIRC I've used very briefly forks of Electrum for Bitcoin's fork coins Bitcoin Cash and Bitcoin SV to redeem those fork coins (sold for more real bitcoins, I don't care about the forked shitcoins).
Electron Cash looks very much like the original Electrum. Can't say anything if you can trust this wallet. As I don't trust the inventors of Bitcoin Cash, Electron Cash inherits my distrust.
ElectrumSV was also some shitty experience, mainly because I distrust this total shitcoin even more than BCH.
I used those fork wallets in a carefully separated temporary OS setup. I wouldn't want those to come any near my real stuff.
Electron Cash looks very much like the original Electrum. Can't say anything if you can trust this wallet. As I don't trust the inventors of Bitcoin Cash, Electron Cash inherits my distrust.
ElectrumSV was also some shitty experience, mainly because I distrust this total shitcoin even more than BCH.
I used those fork wallets in a carefully separated temporary OS setup. I wouldn't want those to come any near my real stuff.
So please is it possible to store other coin there and is it safe?
By now, you have found out that Electrum is a bitcoin-only software wallet. If you are interested in altcoins, you will have to look elsewhere.When we are on the subject of security, it depends on several factors. A wallet can't be safe if the person handling it has poor knowledge of internet safety. If you don't know how to protect yourself from malware, phishing, scamming, etc., chances are you'll give the bad guys the essentials to steal your coins. You are the most important element of your wallet's security.
Electrum can function as a hot or cold wallet. A hot wallet is connected to the internet, while a cold wallet should be installed on a cleanly formatted OS that has not and should never in the future have internet access. The latter is obviously the safer option if set up correctly.
In addition to the above posts, there is another currency that supports Electrum(Not the fork of Electrum.)
It also supports tBTC when you enable testnet on Electrum but this coin has no value it usually use only for testing and development.
If you want to test something want to learn how to use it you can get free tBTC from this testnet faucet list.
BTC for the mainet, while tBTC for the testnet. Everything is still about bitcoin, but tBTC is not a real bitcoin. tBTC is not another currency, it is only just used to know how bitcoin transaction is, using the testnet version. I believe you know this, but I just want to point out that tBTC is still all about bitcoin, but not the real bitcoin.It also supports tBTC when you enable testnet on Electrum but this coin has no value it usually use only for testing and development.
If you want to test something want to learn how to use it you can get free tBTC from this testnet faucet list.
But to use tBTC you need a separate program in Windows OS or you need a separate command which is --testnet for CLI and thus it is a separate currency with a separate program just like a hard fork.
The official electrum wallet is developed mainly for bitcoin and all forks for other altcoins are not of the same quality or number of reviews and therefore you cannot trust it exactly as you trust electrium. For altcoin it is better to manage them using HW.
If you install Electrum on your computer, the testnet version will also be installed along. Although, no the same wallet, they are both different but installed at the same time. The official electrum wallet is developed mainly for bitcoin and all forks for other altcoins are not of the same quality or number of reviews and therefore you cannot trust it exactly as you trust electrium. For altcoin it is better to manage them using HW.
In addition to the above posts, there is another currency that supports Electrum(Not the fork of Electrum.)
It also supports tBTC when you enable testnet on Electrum but this coin has no value it usually use only for testing and development.
If you want to test something want to learn how to use it you can get free tBTC from this testnet faucet list.
But to use tBTC you need a separate program in Windows OS or you need a separate command which is --testnet for CLI and thus it is a separate currency with a separate program just like a hard fork.It also supports tBTC when you enable testnet on Electrum but this coin has no value it usually use only for testing and development.
If you want to test something want to learn how to use it you can get free tBTC from this testnet faucet list.
The official electrum wallet is developed mainly for bitcoin and all forks for other altcoins are not of the same quality or number of reviews and therefore you cannot trust it exactly as you trust electrium. For altcoin it is better to manage them using HW.
In addition to the above posts, there is another currency that supports Electrum(Not the fork of Electrum.)
It also supports tBTC when you enable testnet on Electrum but this coin has no value it usually use only for testing and development.
If you want to test something want to learn how to use it you can get free tBTC from this testnet faucet list.
It also supports tBTC when you enable testnet on Electrum but this coin has no value it usually use only for testing and development.
If you want to test something want to learn how to use it you can get free tBTC from this testnet faucet list.
Just like what OmegStarScream pointed out there are only forks of electrum for alticoin storage here is a GitHub link to get a forked electrum for LTC.
But be rest assured that this forks do not have associate with the original electrum. So do not place your trust on them based on the security guaranteed by the main electrum
But be rest assured that this forks do not have associate with the original electrum. So do not place your trust on them based on the security guaranteed by the main electrum
Electrum's wallet from the official site cannot be used for anything else other than BTC but since it is open source, there are some other projects/developers who forked it and are now using it for their own coin: BCH, Dash, Verge, Litecoin, etc.
According to how the topic says I was mean to know what other currencies can be stored on Electrum wallet apart from bitcoin, I was glancing through the forum and lots of post I founds out happens to be only directly on btc so I haven't seen people talking of other coin to be stored over there. So please is it possible to store other coin there and is it safe?
Don't mind my question if it looks so childish or silly to you, but I believe we are here to learn and educates those who don't know about wallets and its configurations.
Don't mind my question if it looks so childish or silly to you, but I believe we are here to learn and educates those who don't know about wallets and its configurations.
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