I've installed Electrum - what do I need to do to keep is safe?

kenneho

newbie

Activity: 39

Merit: 0

Quote from: kolloh on July 25, 2017, 12:03:06 AM

The seed is enough to restore the wallet if anything happens. The only other thing you should do is make sure your PC is free of malware and don't download anything shady. For even more protection, you can use a hardware wallet in combination with Electrum so that the seeds aren't stored on the same device.

I ordered Ledger Nano S a few weeks back, but it isn't scheduled to ship until a couple of months from now. When I get that I'll move my funds to that instead of Electrum.

Coin-Keeper

hero member

Activity: 761

Merit: 606

Quote

The best way to use Electrum is with Trezor though.

That is my personal choice as well. Cold wallets are also great for security, but I needed mobility so my Trezor(s) filled in that piece for me.

BitcoinNewsMagazine

legendary

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If you are using Windows Malwarebytes is well worth the $40 for real time protection. The best way to use Electrum is with Trezor though.

kolloh

legendary

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The seed is enough to restore the wallet if anything happens. The only other thing you should do is make sure your PC is free of malware and don't download anything shady. For even more protection, you can use a hardware wallet in combination with Electrum so that the seeds aren't stored on the same device.

HCP

legendary

Activity: 2086

Merit: 4361

Quote from: 6Asmodeus6 on July 24, 2017, 06:50:49 AM

You can save your private keys too just in case.If you have done all this in a secure computer that doesn't have any malware or anything than you are safe.

Honestly, it is pointless saving the private keys... as soon as a new address is generated (basically after the OP receives their first payment), the backup of private keys is out of date. Additionally, exposing private keys is an unnecessary risk if they already have the seed safely backed up/stored away offline.

As Abdussamad said... seed+encrypted wallet file = all you need.

6Asmodeus6

full member

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You can save your private keys too just in case.If you have done all this in a secure computer that doesn't have any malware or anything than you are safe.

Abdussamad

legendary

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you don't have to do anything else.

kenneho

newbie

Activity: 39

Merit: 0

Hi.

I've installed Electrum, stored the seed somewhere safe, and created a password so that the wallet is encrypted. What else do I need to do before starting to use it - backup keys or something?

Regards,
kenneho

Topic: I've installed Electrum - what do I need to do to keep is safe? (Read 450 times)