Topic: Help with wallet (Read 533 times)
Thank you for taking the time to help beginners
Okay, thank you very much for your help.
So I will keep only my seedphrase.
I thought it was something inside Electrum only,
but I found out it something built in the Bitcoin protocol.
So even if Electrum breaks, I can use another wallet.
So I will keep only my seedphrase.
I thought it was something inside Electrum only,
but I found out it something built in the Bitcoin protocol.
So even if Electrum breaks, I can use another wallet.
So, if I keep only the passphrase, can I get back my wallet
from another client (not Electrum) ?
Or I can deduce the private key from the passphrase ?
I understand that if I keep only my private key, it's enough
to access my coins with any wallet.
from another client (not Electrum) ?
Or I can deduce the private key from the passphrase ?
I understand that if I keep only my private key, it's enough
to access my coins with any wallet.
1) no, usually you can only use the seed (passphrase) to restore your wallet within electrum. This is because other wallets use different derivation paths.
2) yes, you can deduct the xprv from the seed, and in turn, you can derive all private keys from this xprv.
3) yes, your private keys are sufficient. However, most wallets (including electrum) create new private keys -> public keys -> addresses in order to use as a change address every time you create a transaction. Also, each time you generate a payment request, most wallets will generate a new private key/public key/address combination. If you only export/backup your current private keys, you won't be able to spend BTC that was sent to the new addresses that were generated afterwards.
This is why it makes more sense to save your seed phrase. When restoring your wallet using this seedphrase, electrum will be able to regenerate your xprv, and regenerate ALL funded private keys/public keys/addresses, not only the ones that were in use at the time of the backup
So, if I keep only the passphrase, can I get back my wallet
from another client (not Electrum) ?
Or I can deduce the private key from the passphrase ?
I understand that if I keep only my private key, it's enough
to access my coins with any wallet.
from another client (not Electrum) ?
Or I can deduce the private key from the passphrase ?
I understand that if I keep only my private key, it's enough
to access my coins with any wallet.
No you should to keep the private key in order to import your money in other wallet.
So, if I keep only the passphrase, can I get back my wallet
from another client (not Electrum) ?
Or I can deduce the private key from the passphrase ?
I understand that if I keep only my private key, it's enough
to access my coins with any wallet.
from another client (not Electrum) ?
Or I can deduce the private key from the passphrase ?
I understand that if I keep only my private key, it's enough
to access my coins with any wallet.
Is Jaxx safe for BTC Split?
I must say yes? But probably not safe to store your coins.Other question.
In Electrum wallet, I saved a key which is a sentence with words.
Is that the private key ? Is it specific to Electrum ?
I thought the private key was some kind of random string
They are the recovery phrase of your wallet which is 12-words, its not the private key rather but the two of them have the same purpose to secure your coins and in case of lost of your device or if it broke then you can recover back your coins using them. In Electrum wallet, I saved a key which is a sentence with words.
Is that the private key ? Is it specific to Electrum ?
I thought the private key was some kind of random string
Other question.
In Electrum wallet, I saved a key which is a sentence with words.
Is that the private key ? Is it specific to Electrum ?
I thought the private key was some kind of random string
In Electrum wallet, I saved a key which is a sentence with words.
Is that the private key ? Is it specific to Electrum ?
I thought the private key was some kind of random string
Thank you.
So in fact just need to keep keys... That's very good
The power of the blockchain
So in fact just need to keep keys... That's very good
The power of the blockchain
Hello I have a question about my wallet.
If I keep my private key and I break my computer,
can I download a wallet on another computer and
access my money ?
Thank you !
If I keep my private key and I break my computer,
can I download a wallet on another computer and
access my money ?
Thank you !
yes... As long as the wallet you pick on the new computer allows you to import private keys (like bitcoin core or electrum)
Hello I have a question about my wallet.
If I keep my private key and I break my computer,
can I download a wallet on another computer and
access my money ?
Thank you !
If I keep my private key and I break my computer,
can I download a wallet on another computer and
access my money ?
Thank you !
Is Jaxx safe for BTC Split?
And, when you google it , you will see that you have desktop wallets and online wallets . You need to see which one is best for you .
And after you've read the first two threads provided by the other members here and know the advantages and risks of each different kind of wallet you can go to this site to select a wallet that offers you what you need: https://bitcoin.org/en/choose-your-wallet
Note that while this is a great resource for selecting a wallet, it may not have every single option in their menu.
Good luck to you!
Note that while this is a great resource for selecting a wallet, it may not have every single option in their menu.
Good luck to you!
You can literally just Google what you're looking for, like seriously. Stop being lazy. There are probably hundreds of the same threads.
http://www.coindesk.com/information/how-to-store-your-bitcoins/
http://www.coindesk.com/information/how-to-store-your-bitcoins/
Hi, everybody
Where i can find information about wallet
Where i can find information about wallet
try to read the sticky posts at the top of the correct subforums. In your case:
https://bitcointalk.org/index.php?topic=1631151.0;topicseen
Now, it would be nice of you if you closed this topic, otherwise it'll soon be filled with useless discussions about which wallet is better, while everything is already discussed in the topic i posted just above this text.
Hi, everybody
Where i can find information about wallet
Where i can find information about wallet
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