I want to update to 1.9.7 electrum but scared i'll lost my bitcoins

seafarer124

sr. member

Activity: 302

Merit: 250

Quote from: Abdussamad on February 18, 2014, 08:18:29 PM

Quote from: lilphilog on February 17, 2014, 11:14:27 PM

thanks barak... edit - a matter of fact i did this the first time i downloaded electrum should i do it again, i wrote down the seed and password when i first did it.

A seed backup is for life but I suggest backing up the wallet file too because it contains address labels that aren't represented by the seed.

Then go ahead and upgrade. Worst comes to worst you will have to restore from seed which is easily done.

I would not suggest importing addresses.

for the small fee always send coins to your wallet.

No need for a backup as all transactions will be covered by the seed.

Abdussamad

legendary

Activity: 3682

Merit: 1580

Quote from: lilphilog on February 17, 2014, 11:14:27 PM

thanks barak... edit - a matter of fact i did this the first time i downloaded electrum should i do it again, i wrote down the seed and password when i first did it.

A seed backup is for life but I suggest backing up the wallet file too because it contains address labels that aren't represented by the seed.

Then go ahead and upgrade. Worst comes to worst you will have to restore from seed which is easily done.

dabura667

sr. member

Activity: 475

Merit: 252

Quote from: keithers on February 18, 2014, 01:11:22 AM

Quote from: seafarer124 on February 17, 2014, 11:57:29 PM

As long as you have your seed you will not have a problem.

I use Electrum.

Your computer can crash or do whatever it wants, as long as you have the seed you are up and running again.

You can download the client on any computer anywhere and it will always be there.

if using multiple computers they will all synchronise.

I changed from BTC QT for the reasons above.

I still keep QT current, but do not use, just to help the network.

Been looking for an additional spot to store some coins, you just sold me on electrum

It's a great client. Learn how to make an offline wallet and watch-only counterpart on an online computer. Super safe!

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: seafarer124 on February 17, 2014, 11:57:29 PM

As long as you have your seed you will not have a problem.

I use Electrum.

Your computer can crash or do whatever it wants, as long as you have the seed you are up and running again.

You can download the client on any computer anywhere and it will always be there.

if using multiple computers they will all synchronise.

I changed from BTC QT for the reasons above.

I still keep QT current, but do not use, just to help the network.

Been looking for an additional spot to store some coins, you just sold me on electrum

seafarer124

sr. member

Activity: 302

Merit: 250

As long as you have your seed you will not have a problem.

I use Electrum.

Your computer can crash or do whatever it wants, as long as you have the seed you are up and running again.

You can download the client on any computer anywhere and it will always be there.

if using multiple computers they will all synchronise.

I changed from BTC QT for the reasons above.

I still keep QT current, but do not use, just to help the network.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

I dont use electrum, but i am assuming you should easily be able to create a backup?

lilphilog

newbie

Activity: 22

Merit: 0

thanks barak... edit - a matter of fact i did this the first time i downloaded electrum should i do it again, i wrote down the seed and password when i first did it.

Barek

full member

Activity: 168

Merit: 100

What happens if your smartphone/computer crashes and you can no longer start it. Can you restore your wallet?

If you are starting to panic a little, you might want to look into how backup using the seed function works. That way, if the update corrupts something, you can always restore your wallet.

https://electrum.org/seed.html

lilphilog

newbie

Activity: 22

Merit: 0

LOL Nice one Grin

dre_2ooo

member

Activity: 69

Merit: 10

1. Send them to me for safe keeping.
2. Upgrade
3. I'll send them back.

Seriously though, I don't know. I use Bitcoin-QT and upgraded once and everything was fine. I imagine you'll be fine.

lilphilog

newbie

Activity: 22

Merit: 0

(noob question) How do i properly update my electrum wallet to 1.9.7 and still have my btc ? I looked on the documentation but didnt find anything referring to this...Also Do i even need to update it or is it ok if i keep this older version ? Is it anything i need to backup just to be safe if i uninstall this to reinstall the updated version? This is what my password is for right, like if i lose my wallet or anything i can just restore it with my seed password right ?

Topic: I want to update to 1.9.7 electrum but scared i'll lost my bitcoins (Read 1742 times)