Topic: ELECTRUM: How to create multiple offline wallets each with a different address? (Read 607 times)
November 05, 2017, 03:59:19 AM
Thanks guys! I'm all set!
November 03, 2017, 03:02:37 PM
Hey OP You can read this thread, it explains how to create multiple wallets from one seed, Also i will recommend you to go through all of it as you don't want to mess up anything while doing this. Good luck! https://bitcointalksearch.org/topic/m.19403711
Thanks for posting that link. BTW - I created a few sample wallets with the latest Electrum version and SEED extension is still working just fine. OP - just make sure you use a good solid passphrase (not to be confused with the wallet encryption password that conceals your SEED behind encryption). Remember, in this use case the extension passphrase is EQUALLY important as the SEED. BOTH are needed to do a restore!
November 03, 2017, 12:58:43 AM
Hey OP You can read this thread, it explains how to create multiple wallets from one seed, Also i will recommend you to go through all of it as you don't want to mess up anything while doing this. Good luck! https://bitcointalksearch.org/topic/m.19403711
November 02, 2017, 03:05:55 PM
When you create a wallet you get an endless number of addresses in Electrum. The seed, that you should copy and keep, gives you every time the same addresses.
If you want an other wallet you can create a new one or more, getting an other seed and getting new addresses.
You can save them in the same directory and use as many addresses as you want.
One seed creates one wallet with many addresses, you can't have two different wallets with the same seed.
I hope I've helped you.
If you want an other wallet you can create a new one or more, getting an other seed and getting new addresses.
You can save them in the same directory and use as many addresses as you want.
One seed creates one wallet with many addresses, you can't have two different wallets with the same seed.
I hope I've helped you.
Wallet =/= Address.
When you create a HD wallet (the one that has a seed), you already own more than 1 address. Every time you use your current address shown in the "Receive" tab, your wallet will give you a new one that is linked to the same wallet (keep in mind that all previous used address are still yours and can be reused). There is no need to create more than 1 wallet.
Just go to the "Addresses" tab (if it's not showing: View -> Show Addresses) and you will see every address your wallet has.
When you create a HD wallet (the one that has a seed), you already own more than 1 address. Every time you use your current address shown in the "Receive" tab, your wallet will give you a new one that is linked to the same wallet (keep in mind that all previous used address are still yours and can be reused). There is no need to create more than 1 wallet.
Just go to the "Addresses" tab (if it's not showing: View -> Show Addresses) and you will see every address your wallet has.
But as referenced above you can accomplish that with ONE SEED list plus individual passwords using the BIP procedure. Its easier to have ONE seed and multiple passwords than to have completely different SEED lists for numerous wallets. You might mathematically attempt to demonstrate that unique lists are more secure, but if the passwords are lengthy neither will be broken schemes!
Yes, I have been told that you can accomplish this with ONE SEED + multiple passwords, each password corresponding to one address and one offline wallet. I would really really be grateful if you could show me how to do this? Please let me know! Thanks.
November 02, 2017, 01:36:25 PM
When you create a wallet you get an endless number of addresses in Electrum. The seed, that you should copy and keep, gives you every time the same addresses.
If you want an other wallet you can create a new one or more, getting an other seed and getting new addresses.
You can save them in the same directory and use as many addresses as you want.
One seed creates one wallet with many addresses, you can't have two different wallets with the same seed.
I hope I've helped you.
If you want an other wallet you can create a new one or more, getting an other seed and getting new addresses.
You can save them in the same directory and use as many addresses as you want.
One seed creates one wallet with many addresses, you can't have two different wallets with the same seed.
I hope I've helped you.
Wallet =/= Address.
When you create a HD wallet (the one that has a seed), you already own more than 1 address. Every time you use your current address shown in the "Receive" tab, your wallet will give you a new one that is linked to the same wallet (keep in mind that all previous used address are still yours and can be reused). There is no need to create more than 1 wallet.
Just go to the "Addresses" tab (if it's not showing: View -> Show Addresses) and you will see every address your wallet has.
When you create a HD wallet (the one that has a seed), you already own more than 1 address. Every time you use your current address shown in the "Receive" tab, your wallet will give you a new one that is linked to the same wallet (keep in mind that all previous used address are still yours and can be reused). There is no need to create more than 1 wallet.
Just go to the "Addresses" tab (if it's not showing: View -> Show Addresses) and you will see every address your wallet has.
But as referenced above you can accomplish that with ONE SEED list plus individual passwords using the BIP procedure. Its easier to have ONE seed and multiple passwords than to have completely different SEED lists for numerous wallets. You might mathematically attempt to demonstrate that unique lists are more secure, but if the passwords are lengthy neither will be broken schemes!
November 02, 2017, 01:29:16 PM
When you create a wallet you get an endless number of addresses in Electrum. The seed, that you should copy and keep, gives you every time the same addresses.
If you want an other wallet you can create a new one or more, getting an other seed and getting new addresses.
You can save them in the same directory and use as many addresses as you want.
One seed creates one wallet with many addresses, you can't have two different wallets with the same seed.
I hope I've helped you.
If you want an other wallet you can create a new one or more, getting an other seed and getting new addresses.
You can save them in the same directory and use as many addresses as you want.
One seed creates one wallet with many addresses, you can't have two different wallets with the same seed.
I hope I've helped you.
Wallet =/= Address.
When you create a HD wallet (the one that has a seed), you already own more than 1 address. Every time you use your current address shown in the "Receive" tab, your wallet will give you a new one that is linked to the same wallet (keep in mind that all previous used address are still yours and can be reused). There is no need to create more than 1 wallet.
Just go to the "Addresses" tab (if it's not showing: View -> Show Addresses) and you will see every address your wallet has.
When you create a HD wallet (the one that has a seed), you already own more than 1 address. Every time you use your current address shown in the "Receive" tab, your wallet will give you a new one that is linked to the same wallet (keep in mind that all previous used address are still yours and can be reused). There is no need to create more than 1 wallet.
Just go to the "Addresses" tab (if it's not showing: View -> Show Addresses) and you will see every address your wallet has.
November 02, 2017, 01:10:27 PM
You have one solution that is quite easy. Using Electrum in a SEED + password scenario you can create virtually unlimited separate wallets. Electrum already supports that BIP. I use a similar process with my Trezors. Caveat: to restore and protect these wallets you need the SEED AND the associated password. It takes both to recover or access the addresses contained in the wallet file. I am NOT talking about the password you set on a generic wallet file to hide the SEED behind encryption. All the wallets created using this scheme have different MPK's and private keys. They appear totally different because they are! If this is something you want to examine just ask here, and one of us can throw up the simple how to.
STRESSING though: if you use this approach it takes BOTH seed and password to access and recover these wallets. Easy stuff and secure!! Could be the answer you are looking for.
STRESSING though: if you use this approach it takes BOTH seed and password to access and recover these wallets. Easy stuff and secure!! Could be the answer you are looking for.
November 02, 2017, 11:52:15 AM
I get that, I know I can see all my addresses from the addresses tab. BUT, what I would like to do is have 1 address correspond to 1 Encrypted Offline Wallet (which I store on a flash drive). So for example, lets say I have 3 Bitcoins in total. I want to store 2 of those bitcoins on one encrypted offline wallet with one address, and store the other 1 bitcoin on another encrypted offline wallet with its own address. So that for example when I want to send the 1 bitcoin, I won't have to expose the other 2 to the online environment, so that they remain safe. I know this is possible but I just can't figure out how!!! ugh.
November 02, 2017, 11:08:34 AM
Wallet =/= Address.
When you create a HD wallet (the one that has a seed), you already own more than 1 address. Every time you use your current address shown in the "Receive" tab, your wallet will give you a new one that is linked to the same wallet (keep in mind that all previous used address are still yours and can be reused). There is no need to create more than 1 wallet.
Just go to the "Addresses" tab (if it's not showing: View -> Show Addresses) and you will see every address your wallet has.
When you create a HD wallet (the one that has a seed), you already own more than 1 address. Every time you use your current address shown in the "Receive" tab, your wallet will give you a new one that is linked to the same wallet (keep in mind that all previous used address are still yours and can be reused). There is no need to create more than 1 wallet.
Just go to the "Addresses" tab (if it's not showing: View -> Show Addresses) and you will see every address your wallet has.
November 02, 2017, 09:55:38 AM
So I've actually been using Electrum for a while, I basically created a wallet, got a seed, and then stored the encrypted wallet offline. A friend brought it to my attention that I should make multiple offline wallets with different addresses but all coming from the same seed... So i tried doing that but when you use the same seed it always gives you the same address even if you create a new encryption password/new wallet... So my question is, how exactly do I create multiple offline wallets (each corresponding to a different receiving address) but all coming from the same seed?? Please help! Also, I use Linux mint, so keep that it mind when giving me instructions. Much appreciated.
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