True, they make money on every move. The only real useful service is that through an exchange, you can convert your cryptocurrencies into fiat money or into another cryptocurrency.
I have actually created a #2 Electrum wallet and transferred back the BTC I had on my exchange account, it worked. Thanks to all of you who helped me.
It's a bit out of topic, but I have read that the BCH is sort of manipulated/"doctored" by one or a couple of owners/miners, and this is a little worrying for its future. Is the huge market cap (and circulating supply) a sort of fake reality that can vanish tomorrow ?
Topic: How to transfer my Electrum private key to Electron Cash wallet ? (Read 612 times)
August 20, 2017, 03:29:29 PM
Yeah you need to put your BTC into a new electrum wallet anyway so there really isn't any point to using the exchange. You're just paying extra transaction fees for no reason.
August 20, 2017, 02:07:58 PM
Thank you very much indeed for your prompt reply.
I have done that.
Now my Electron wallet indicates - if I convert properly the mBCC in BCH - that I have a number of BCH equal to the number of BTC that I had before the fork.
Can I now safely transfer back my BTC from my exchange platform account to my Electrum wallet ?
I have done that.
Now my Electron wallet indicates - if I convert properly the mBCC in BCH - that I have a number of BCH equal to the number of BTC that I had before the fork.
Can I now safely transfer back my BTC from my exchange platform account to my Electrum wallet ?
Yes, you should be able to transfer BTC back from your exchange into your Electrum wallet, but I would recommend using a new Electrum wallet with a new seed. You don't want to reuse the same wallet that you imported into Electon Cash for security reasons.
August 20, 2017, 12:17:22 PM
Thank you very much indeed for your prompt reply.
I have done that.
Now my Electron wallet indicates - if I convert properly the mBCC in BCH - that I have a number of BCH equal to the number of BTC that I had before the fork.
Can I now safely transfer back my BTC from my exchange platform account to my Electrum wallet ?
I have done that.
Now my Electron wallet indicates - if I convert properly the mBCC in BCH - that I have a number of BCH equal to the number of BTC that I had before the fork.
Can I now safely transfer back my BTC from my exchange platform account to my Electrum wallet ?
August 20, 2017, 12:11:42 PM
Hello
I am in the process of creating a Electron Cash wallet so as to claim my BCH. I have emptied my Electrum Wallet. But I am confused on how to do the transfer of the private key -or is it the seed only ?...
In Electrum when using "Export key", where will the key be exported ? To a directory in my computer, or will Electrum ask for a destination address like the ones used for BTC payment or transfers ? I suppose the latter ?
If so, do I have to create the Electron Cash wallet first, and then take a "receive" address from it, that I will enter in Electrum ?
Or is it only the seed that should be used (the thirteen words), and if so, how ?
I am a bit lost, and I would be grateful if someone could explain. Thank you !
I am in the process of creating a Electron Cash wallet so as to claim my BCH. I have emptied my Electrum Wallet. But I am confused on how to do the transfer of the private key -or is it the seed only ?...
In Electrum when using "Export key", where will the key be exported ? To a directory in my computer, or will Electrum ask for a destination address like the ones used for BTC payment or transfers ? I suppose the latter ?
If so, do I have to create the Electron Cash wallet first, and then take a "receive" address from it, that I will enter in Electrum ?
Or is it only the seed that should be used (the thirteen words), and if so, how ?
I am a bit lost, and I would be grateful if someone could explain. Thank you !
Using the seed is the recommended method as that will ensure that all your addresses are transferred to the other wallet.
Just go through the process of creating a new wallet in Electron Cash and indicate you already have the seed. Then use the existing seed for your old BTC wallet.
August 20, 2017, 11:54:31 AM
Hello
I am in the process of creating a Electron Cash wallet so as to claim my BCH. I have emptied my Electrum Wallet. But I am confused on how to do the transfer of the private key -or is it the seed only ?...
In Electrum when using "Export key", where will the key be exported ? To a directory in my computer, or will Electrum ask for a destination address like the ones used for BTC payment or transfers ? I suppose the latter ?
If so, do I have to create the Electron Cash wallet first, and then take a "receive" address from it, that I will enter in Electrum ?
Or is it only the seed that should be used (the thirteen words), and if so, how ?
I am a bit lost, and I would be grateful if someone could explain. Thank you !
I am in the process of creating a Electron Cash wallet so as to claim my BCH. I have emptied my Electrum Wallet. But I am confused on how to do the transfer of the private key -or is it the seed only ?...
In Electrum when using "Export key", where will the key be exported ? To a directory in my computer, or will Electrum ask for a destination address like the ones used for BTC payment or transfers ? I suppose the latter ?
If so, do I have to create the Electron Cash wallet first, and then take a "receive" address from it, that I will enter in Electrum ?
Or is it only the seed that should be used (the thirteen words), and if so, how ?
I am a bit lost, and I would be grateful if someone could explain. Thank you !
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