A Beginner's Guide to the Electrum Bitcoin Wallet

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Electrum's focus is speed and simplicity, with low resource usage. It uses remote servers that handle the most electrum wallets parts of the Bitcoin system, and it allows you to recover your wallet from a secret phrase. This wallet gives you full control over your bitcoins. This means no third party can freeze or lose your funds. You are however still responsible for securing electrum wallets backing up your wallet. This wallet uses SPV and random servers from a electrum wallets.

This means little trust in third parties is required when verifying payments. However, it is not as secure as a full node like Bitcoin Core. The developers of this wallet publish the source code for the client. This means any developer in the world can electrum wallets the electrum wallets.

However, you still need to trust developers of this wallet when installing or updating the final software because it was not built deterministically like Bitcoin Core. This wallet can be used from insecure environments. However, this service requires two-factor authentication. This means access electrum wallets multiple devices or accounts is required to steal your bitcoins.

This wallet electrum wallets it harder to spy on your balance and payments by rotating addresses. You should still take care to use a new Bitcoin address each time you request payment. This wallet uses central servers which are able to associate your payments together and log your IP address. This wallet lets you setup and use Tor as a proxy to prevent attackers or Internet service providers from associating your payments with your IP address. This wallet gives you full control over fees.

This wallet also provides fee suggestions based on current network conditions so that your transactions are confirmed electrum wallets a timely manner without paying more than you have to. Electrum wallets is different from what you know and use every day. Before you start using Bitcoin for any serious transaction, be sure to read what you need to know and take appropriate steps to secure your wallet.

Always remember that it is your responsibility to choose your wallet carefully and adopt good practices electrum wallets order to protect your money. Windows Mac Linux Android. Visit website Source code.

Control over your money. Prevents spying on your payments This wallet makes it harder to spy on your balance and payments by rotating addresses. Discloses information to a third party This wallet uses central servers which are able to associate your payments together and log your IP address. Tor can be used This wallet lets you setup and use Tor as electrum wallets proxy to prevent attackers or Internet service providers from associating your payments with your IP address.

Full control over fees. Take time to educate yourself Bitcoin is different from what you know and use every electrum wallets.

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Electrum-LTC is a simple, but powerful Litecoin wallet. Keep it on paper, or in your head It is not an official product of Electrum Technologies GmbH, which does not support it. It was fixed in Electrum-LTC 3.

Please update your software if you are running an earlier version. Always verify the digital signatures of the files you download!

Standalone Executable checksums ; signature by Pooler Windows Installer checksums ; signature by Pooler Portable version checksums ; signature by Pooler. Executable checksums ; signature by Pooler. Downloads Features Community Questions? Windows Standalone Executable checksums ; signature by Pooler Windows Installer checksums ; signature by Pooler Portable version checksums ; signature by Pooler. Linux sudo apt-get install python3-setuptools python3-pyqt5 python3-pip python3-dev libssl-dev sudo pip3 install scrypt sudo pip3 install https: OS X Executable checksums ; signature by Pooler.

Android is not currently supported. If you are looking for a mobile wallet, check out LoafWallet , Jaxx or Coinomi. Electrum-LTC uses a bit random seed to generate your private keys.

The seed can be represented as a word mnemonic code. 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 best way to switch to Electrum is to send all the litecoins you have on your old wallet to one of the addresses on your Electrum wallet. This way you'll have all your litecoins secured with your seed. Older versions of Electrum could import private keys from another client, but then you had to backup those keys separately, as they could not be restored by the Electrum seed.

When you freeze an address, the funds in that address will not be used for sending litecoins. You cannot send litecoins if you don't have enough funds in non-frozen addresses. Where is my wallet file located? What is the gap limit? The gap limit is the maximum number of consecutive unused addresses in your deterministic sequence of addresses. Electrum-LTC uses a gap limit to stop looking for addresses.

This is set to 5 by default, so the client generates new addresses until 5 unused addresses are found. This server is provided courtesy of ByteSized Hosting. Website design by Frank Tudor. Old Litecoin Forum archived, read-only.