HELP - Transferring STEEM from coinspot to ELECTRUM

HCP

legendary

Activity: 2086

Merit: 4361

You don't seem to understand that STEEM is a completely different cryptocurrency that runs on a completely separate network and blockchain to Bitcoin.

So an address on STEEM network is completely separate from BTC network... and would likely be generated using a different private key. Likewise, the same private key would generate different keys on STEEM and BTC.

ie.

Different Networks, same Address, different private keys
STEEM: thisIsMyAddress => privkey = sOmeRandomKeyFromSteem
BTC: thisIsMyAddress => privkey = completelyDifferentBTCRandomKey

Same private key, different networks, different addresses
Privkey: thisIsMyPrivKey => Steem: someRandomSteemAddress
Privkey: thisIsMyPrivKey => BTC: completelyDifferentBTCAddress

Looking at STEEM, it seems that wallet addresses are "plaintext"... ie. I created a wallet using "FreeWallet"... and it tells me that my deposit address is "freewallet.org", and you use the Memo: "059478706001"... to deposit to my account. I suspect this means that it would gladly accept a Bitcoin address like "1bItcOInAdDrEs5"... and send the STEEM to a STEEM wallet called "1bItcOInAdDrEs5". Undecided

TL;DR - You can't send STEEM to a BTC address. You can't send BTC to a STEEM address. Your STEEM is gone, you've sent it to a STEEM address that you don't have access to.

coiny1994

newbie

Activity: 6

Merit: 0

In electrum I went to receive and copy and pasted the address that was generated , hence i was sure that the steem was sent to me electrum wallet and was accessible by using my private key ?? Is this assumption wrong ? Can there be two of the same addresses Sad

?

BitcoinReseller

sr. member

Activity: 386

Merit: 252

Electrum has app for bitcoin cash to claim your free bitcoin cash.

you can find tutorial here :
https://bitcointalksearch.org/topic/claim-your-bitcoin-cash-balance-and-exchange-into-bitcoins-2078292

HCP

legendary

Activity: 2086

Merit: 4361

Electrum is BTC only. So, unless someone has forked the Electrum codebase and created a STEEM version which you downloaded and installed, then it sounds like you've sent your STEEM to a random address.

I can't actually find any record of a STEEM software wallet anywhere... It would appear you can only have a wallet on the Steemit website itself and/or at exchanges... Undecided

coiny1994

newbie

Activity: 6

Merit: 0

Hi Guys,
Im relatively new to cryptocurrency and have a few questions which I am quite concerned about...

- I purchased an amount of STEEM earlier from coinspot. I then created a desktop wallet using electrum. As I have read , I believe desktop wallets are relatively safer and I want to look after my own private keys and cryptocurrency. I opened my steam wallet on coinspot and put in the address from electrum to send the STEEM too my electrum wallet. The transaction seemed to go through however when I open up electrum nothing is showing Huh

Have I lost these STEEM ? Additionally, I am not even sure if electrum support STEEM. Can someone please advise ASAP what is going on or how I go about recovering these ?

Thank you !!!!

Topic: HELP - Transferring STEEM from coinspot to ELECTRUM (Read 297 times)