I had thought that if attacker were to get your files, they in essence he has also gotten your seed word and password as well. Thanks for the enlightenment. This makes me feel more confident in Electrum then all other wallet platforms.
Topic: Electrum is most safe? (Read 766 times)
I had thought that if attacker were to get your files, they in essence he has also gotten your seed word and password as well. Thanks for the enlightenment. This makes me feel more confident in Electrum then all other wallet platforms.
Electrum is as safe as it can get but you need to make it safer.
for example you have to use a strong password to encrypt your wallet.
also if you are using it on an online computer you are still susceptible to keyloggers and other forms of stealing your password and/or private keys.
for example you have to use a strong password to encrypt your wallet.
also if you are using it on an online computer you are still susceptible to keyloggers and other forms of stealing your password and/or private keys.
People who lose bitcoin to a thief from a desktop wallet are usually victims of bitcoin trojans that capture your password from keystrokes. That is where hardware wallets come in.
Yes, an attacker would either need your seed or your password if said attacker were to somehow get ahold of your electrum file. This attacker would however have access to your xpubkey which includes all your addresses, past and present. With your xpubkey, and one of your private keys, an attacker could potentially calculate all your private keys.
It is also possible, even probable for an attacker to attempt to brute force your password if they gained access to your wallet file, so I would recommend that you move any Bitcoin held in your wallet if you discover that your wallet file might have been compromised.
It is also possible, even probable for an attacker to attempt to brute force your password if they gained access to your wallet file, so I would recommend that you move any Bitcoin held in your wallet if you discover that your wallet file might have been compromised.
Just wanted to say that even if the hacker gets hold of your electrum files its very unlikely for him to brute force your password if you have a strong one like this:
*((Xtream2000thousanddates11!))* with a password like that it takes more than 546 years with brute force attack to find it. Still I agree with the idea to move funds to another wallet which is safer but electrum for me is the most safe of wallets.
Yes, an attacker would either need your seed or your password if said attacker were to somehow get ahold of your electrum file. This attacker would however have access to your xpubkey which includes all your addresses, past and present. With your xpubkey, and one of your private keys, an attacker could potentially calculate all your private keys.
It is also possible, even probable for an attacker to attempt to brute force your password if they gained access to your wallet file, so I would recommend that you move any Bitcoin held in your wallet if you discover that your wallet file might have been compromised.
It is also possible, even probable for an attacker to attempt to brute force your password if they gained access to your wallet file, so I would recommend that you move any Bitcoin held in your wallet if you discover that your wallet file might have been compromised.
In that if someone got your important files, they will still need your password and/or seed phrase? Am I correct?
Yes.
Of course that will change if you have backed up your private keys and forgot to keep it somewhere safe.
In that if someone got your important files, they will still need your password and/or seed phrase? Am I correct?
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