Passphrase is added to your seed phrase and make your wallet generate completely different addresses. Passphrase can be any combination of words and characters.
Password is used for encrypting your wallet file locally.
When you generate a wallet on electrum, it gives you a seed phrase including 12 words. The seed phrase can be extended with a passphrase (extra words or characters).
To add a passphrase, you should click on "options" and check "extend this seed with custom words".
In the case you want to recover your wallet using your seed phrase, you need your passphrase (if there's any) too. You don't need your password when recovering the wallet using the seed phrase.
Topic: Questions to Electrum - page 2. (Read 309 times)
So is it not an good advice to use extra words as an passphrase? It an extra security to the wallet, isn’t it?
It is a good idea to set a passphrase as long as you have a reliable backup strategy. You should not keep your seed and passphrase together.
Some people and shops using Lightning because it’s cheaper and faster. If i have to restore the wallet (maybe lost) with the seed, will everything be restored, even all Lightning-nodes and payments?
You can't restore your Lightning channels from your seed. You have to use the built-in backup functionality (File -> Save backup).
By the way, if you want to learn more about Lightning support in Electrum, visit Electrum Lightning Network walkthrough.
If i restore the wallet, can i saftly change the seed/pin so that the wallet cannot be compromised from others, someone who found it?
You cannot change your seed and passphrase (13th word). You can change your wallet password which only encrypts your wallet file. You should generate a new seed and move your coins if your wallet is compromised.
After reading in some posts here i need some knowledge about your vocabulary. It’s sometimes like Martian.
I’ve read the word “seed / phrase” and “passphrase” and “extra words”and “pin” and “General-pin” and “key” in different context and it seam to me many newbies are a LITTLE BIT confused about that.
“Charles-Tim said: But hope you did not include extra word (passphrase)?”
So is it not an good advice to use extra words as an passphrase? It an extra security to the wallet, isn’t it?
Some people and shops using Lightning because it’s cheaper and faster. If i have to restore the wallet (maybe lost) with the seed, will everything be restored, even all Lightning-nodes and payments?
If i restore the wallet, can i safely change the seed/pin so that the wallet cannot be compromised from others, someone who found it?
So i want to study the basics before start here. Thanks a lot for your answers!
I’ve read the word “seed / phrase” and “passphrase” and “extra words”and “pin” and “General-pin” and “key” in different context and it seam to me many newbies are a LITTLE BIT confused about that.
“Charles-Tim said: But hope you did not include extra word (passphrase)?”
So is it not an good advice to use extra words as an passphrase? It an extra security to the wallet, isn’t it?
Some people and shops using Lightning because it’s cheaper and faster. If i have to restore the wallet (maybe lost) with the seed, will everything be restored, even all Lightning-nodes and payments?
If i restore the wallet, can i safely change the seed/pin so that the wallet cannot be compromised from others, someone who found it?
So i want to study the basics before start here. Thanks a lot for your answers!
Jump to: