Electrum client - it is safe ? What if servers crash ?

Peter882

hero member

Activity: 543

Merit: 500

Quote from: taxik on December 01, 2013, 04:54:40 AM

will bitcoin-qt work with wallet from electrum?

Nope. It doesn't work that way.

taxik

newbie

Activity: 45

Merit: 0

is backuping wallet in %appdata%\Electrum\wallets enough ? Will bitcoin-qt work with wallet from electrum?

Thanks again

Minnlo

hero member

Activity: 868

Merit: 1000

Quote from: taxik on December 01, 2013, 03:54:27 AM

Hello,

i have question about Electrum. I am using that and its really fast, but question is, what if Electrum servers crash. Will be my coins in safe, or i will lost them? I heard, Electrum is offline client which only connects to server with blockchain, nothing more, but if i don´t need backup my Wallet, how i will restore wallet if servers crash? I know its very unlikely, but what IF? Is there any way how to backup Electrum Wallet?

Thanks

When you first setup your wallet, you are given a seed, and you can recover everything from it.

Even if Electrum dies one day, you can still export your private keys, and import them to bitcoin-qt or any other wallet.

taxik

newbie

Activity: 45

Merit: 0

Hello,

i have question about Electrum. I am using that and its really fast, but question is, what if Electrum servers crash. Will be my coins in safe, or i will lost them? I heard, Electrum is offline client which only connects to server with blockchain, nothing more, but if i don´t need backup my Wallet, how i will restore wallet if servers crash? I know its very unlikely, but what IF? Is there any way how to backup Electrum Wallet?

Thanks

Topic: Electrum client - it is safe ? What if servers crash ? (Read 604 times)