Topic: Stuck on Electrum withdrawal (Read 151 times)
Instead of selecting standard wallet in the first step you have to select "wallet with two factor authentication". If you managed to restore it as a standard wallet then that means you used a seed for a standard single sig wallet not a 2fa wallet. Look for the seed for your 2fa wallet.
I have created a standard wallet and imported my seedphrase into it but my bitcoin is not reflecting in the new wallet.
I entered the correct seed.
This can't be true because if you selected "Standard->I already have a seed", it'll not accept a 2fa-SegWit seed phrase (the Next button will not work).The only way that it will proceed is if you've selected "BIP39 seed" in the seed type drop-down menu but that'll derive the wrong addresses.
Or if the entered seed phrase is actually for standard Electrum wallet which will show under the text box where you type your seed phrase.
@Maestro75, if you entered the correct seed and if you did not have an extra word (passphrase), and if the wallet synced successfully, you should see your balance. The process is pretty simple, but in case you made a mistake somewhere @Husna QA made a tutorial with pictures.
Remove 2FA in Electrum and use Standard Wallet instead.
Remove 2FA in Electrum and use Standard Wallet instead.
I entered the correct seed. I do not have an idea why it did not show in the new wallet. I will read up the thread link you sent later today. It is going to be a very busy day.
I have created a standard wallet and imported my seedphrase into it but my bitcoin is not reflecting in the new wallet.
You probably entered a wrong seed phrase.No I did not. I entered the seed correctly. But I will check other suggestions made here later.
Thank you everyone who responded for quickly doing so. I have created a standard wallet and imported my seedphrase into it but my bitcoin is not reflecting in the new wallet. I can only see my bitcoin in the wallet with the 2fA. How do I now make my bitcoin appear in the new wallet which is a standard wallet?
You can’t simply make your 2FA wallet standard rather you might have to create a new standard wallet and send the coins there instead, what I think you have done is import the wrong seed phrase. This is a 2FA wallet and any other way of importing the wallet will give a wallet.
I even doubt it can be imported as a new standard Wallet because of the multi sig format it is created for. But let’s say you can import the same seed phrase as a standard wallet it will definitely be a new or different wallet but still
Same seed phrase. It will be like importing a wallet originally created with passphrase without the passphrase which is a new wallet entirely
I have created a standard wallet and imported my seedphrase into it but my bitcoin is not reflecting in the new wallet.
You probably entered a wrong seed phrase. What did you do exactly?
If you select standard wallet and then import your 2FA seed phrase, electrum will not allow you to click on "Next" at all.
As I said, you can't make your 2FA wallet standard at all. You can only disable 2FA.
@Maestro75, if you entered the correct seed and if you did not have an extra word (passphrase), and if the wallet synced successfully, you should see your balance. The process is pretty simple, but in case you made a mistake somewhere @Husna QA made a tutorial with pictures.
Remove 2FA in Electrum and use Standard Wallet instead.
Remove 2FA in Electrum and use Standard Wallet instead.
Thank you everyone who responded for quickly doing so. I have created a standard wallet and imported my seedphrase into it but my bitcoin is not reflecting in the new wallet. I can only see my bitcoin in the wallet with the 2fA. How do I now make my bitcoin appear in the new wallet which is a standard wallet?
So your option (as mentioned at the bottom) is to restore your wallet using the seedphrase and get rid of the 2FA (your wallet will become a standard one)
With disabling 2FA, you don't make your wallet standard. If you have a 2FA wallet and you disable 2FA, your wallet will be still a multi-signature wallet. Electrum standard wallet is a single-signature wallet.
To OP:
If you disable 2FA, you will no longer be charged the trustedcoin fee, but your transactions will be still more expensive than a standard wallet because they will be larger in size.
A year ago (when Bitcoin price was about $60K), i mentioned their fee is too high and haven't changed since January 2021[1]. It's 2025 now and they still haven't changed their fee. At this point, i feel this service become rip-off. 0.00125BTC (or about $128) could be spend to buy hardware wallet instead.
[1] https://bitcointalksearch.org/topic/m.63965004
[1] https://bitcointalksearch.org/topic/m.63965004
Agreed. Even if the price was half of what it is right now. In the long run, it's best to buy a hardware wallet. Costs around the same thing, and you can do as many transactions as you would like, with no extra fees.
Electrum 2FA uses Trustedcoin as a third-party service, which charges you a fee. See their FAQ: https://trustedcoin.com/#/faq
So your option (as mentioned at the bottom) is to restore your wallet using the seedphrase and get rid of the 2FA (your wallet will become a standard one)
So your option (as mentioned at the bottom) is to restore your wallet using the seedphrase and get rid of the 2FA (your wallet will become a standard one)
A year ago (when Bitcoin price was about $60K), i mentioned their fee is too high and haven't changed since January 2021[1]. It's 2025 now and they still haven't changed their fee. At this point, i feel this service become rip-off. 0.00125BTC (or about $128) could be spend to buy hardware wallet instead.
[1] https://bitcointalksearch.org/topic/m.63965004
Electrum 2FA uses Trustedcoin as a third-party service, which charges you a fee. See their FAQ: https://trustedcoin.com/#/faq
So your option (as mentioned at the bottom) is to restore your wallet using the seedphrase and get rid of the 2FA (your wallet will become a standard one)
This is new for me, but I feel like the service fee is kinda pointless since anyone can take advantage over the 2FA.So your option (as mentioned at the bottom) is to restore your wallet using the seedphrase and get rid of the 2FA (your wallet will become a standard one)
I can enable 2FA in order to make people can't send the coins if they don't have any access with my 2FA, but if I want to send my coins, I will import my seed phrase and send it without need to pay extra fees.
That's what I'm thinking about since I have never enable the 2FA.
Right but if you're adding 2FA, it's because you don't want unauthorized access to your wallet without you approving it from another device. If you restore your wallet and make it "standard" wallet then you're going to lose that protection and if you're willing to do that, you might as well just use a standard wallet since the start.
Electrum 2FA uses Trustedcoin as a third-party service, which charges you a fee. See their FAQ: https://trustedcoin.com/#/faq
So your option (as mentioned at the bottom) is to restore your wallet using the seedphrase and get rid of the 2FA (your wallet will become a standard one)
This is new for me, but I feel like the service fee is kinda pointless since anyone can take advantage over the 2FA.So your option (as mentioned at the bottom) is to restore your wallet using the seedphrase and get rid of the 2FA (your wallet will become a standard one)
I can enable 2FA in order to make people can't send the coins if they don't have any access with my 2FA, but if I want to send my coins, I will import my seed phrase and send it without need to pay extra fees.
That's what I'm thinking about since I have never enable the 2FA.
Electrum 2FA uses Trustedcoin as a third-party service, which charges you a fee. See their FAQ: https://trustedcoin.com/#/faq
So your option (as mentioned at the bottom) is to restore your wallet using the seedphrase and get rid of the 2FA (your wallet will become a standard one)
So your option (as mentioned at the bottom) is to restore your wallet using the seedphrase and get rid of the 2FA (your wallet will become a standard one)
Am in a state of confusion and I need urgent help please. Here is the problem. I wanted to send a fraction of my bitcoin to an exchange yesterday and I found out that the wallet am sending from has two different withdrawal fees to be paid because I chose 2fA on it when I was setting it up. It is an Electrum wallet and am not used to how electrum wallet works. The first fee, the one I marked in white is what I find as the fee from the mempool and which the other wallet am using that is not Electrum has. I do not know what that extra fee which I marked in blue is doing there. It is around $124. How can I get my bitcoin sent out without paying the second fee which is too high? Please someone help out on this.
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