- #Electrum wallet how to#
- #Electrum wallet install#
- #Electrum wallet windows 10#
- #Electrum wallet password#
- #Electrum wallet download#
You cannot send litecoins if you don't have enough funds in non-frozen addresses. When you freeze an address, the funds in that address will not be used for sending litecoins. What does it mean to "freeze" an address? This is set to 5 by default, so the client generates new addresses until 5 unused addresses are found. Electrum-LTC uses a gap limit to stop looking for addresses. The gap limit is the maximum number of consecutive unused addresses in your deterministic sequence of addresses. You do not need to perform regular backups, because your wallet can be recovered from the seed that you can memorize or write on paper. The seed can be represented as a 12-word mnemonic code. However, this is not needed for normal operation, even now that the Segwit soft fork has activated.Įlectrum-LTC uses a 128-bit random seed to generate your private keys. Support for native Segwit transactions is in the works. If you are looking for a mobile wallet, check out LoafWallet, Jaxx or Coinomi. Miners prioritize transactions that pay the highest fees.Is there a version of Electrum-LTC for Android?Īndroid is not currently supported. You will also have to choose your fee, which will determine the speed of the transaction. In “amount”, write how much you want to send In “description”, choose a description if you want to remember a specific payment later on In “pay to”, write the address to which you want to send Fill out the information (address, amount and fee) according to the desired transaction To make a payment request, you can change the description, requested amount and expiration date Step 2: To send coins, choose the “ send” tab. However, you can also do a transaction request on this tab. Part 2 - Receiving and sending coins Step 1: Now that you have your Electrum wallet set, click on the “ receive” tab and you will see your wallet address You can give this address to the person sending you funds. Step 7: Click next again, and you will have created your Electrum wallet! As there is no record of any transaction we will have something like the image below:Īs you see, you have 4 tabs for now, you can click “view” and select the others 3 tabs (coins, contacts and console) but for this tutorial, we’re only going to speak about the “send” and “receive” tabs So it is important to save your seed phrase somewhere safe)
#Electrum wallet password#
If you lose both your password and your seed, there is no way to recover your money. However, you can restore your wallet from its seed phrase and choose a new password if needed. (Attention, it is not possible to recover your password. Step 6: Click next, and write down your seedĬhoose a password and confirm it. The installer will create your seed (It is really important to save your seed!) For this, select the “restore wallet” option in the startup. Your wallet can be entirely recovered from its seed. (Example: "constant forest adore cookie green weave stop guy fur freeze giggle clock") The seed is a random phrase that is used to gain access to your private keys. Step 4: On “wallet” choose your wallet name, and click “ next” Step 5: You’ll have 4 options, if you already have a seed, public or private key or have a hardware device choose the correspondente option, if not, choose “ create a new seed” Step 3: Once the installation is complete, the installer will create an “ Electrum” shortcut.
#Electrum wallet download#
Step 2: When the download is complete, double click on the installer and follow the steps
#Electrum wallet windows 10#
For this tutorial, we’re going use the easy way, so choose your OS from the list and download the correct version (in our case, we have a Windows 10 Home 64-bit) Now you have 2 types of installation, Easy installation and Installation from Python sources.
#Electrum wallet install#
Part 1: Download and Install the Electrum wallet Step 1: Click here to go to the Electrum website, and scroll down until you see the button “ Download Electrum” (or click here ) In short, Electrum is a great tool for those that don’t want to host their own node. It allows the user to keep control of his private keys and to sign transactions locally without the need to download the blockchain. Startup times are instant because the wallet operates in conjunction with high-performance servers that handle the most complicated parts of the Bitcoin system such as downloading and syncing the blockchain, and broadcasting signed transactions to the network.Įlectrum is a great light solution for those that don't want to give up their security. Electrum’s focus is speed, low resource usage and simplifying Bitcoin.
#Electrum wallet how to#
Today, we're going to show you how to create a wallet using the Electrum wallet.
0 kommentar(er)
