Lost my Electrum seed, are my Bitcoins gone?ĭon’t lose hope until unless you have your password. Now here is another scenario: What happens if you lost your electrum seed but know your wallet password. Related Guide: How to restore Monero wallet from mnemonic seed That’s it! Electrum will generate all your previous wallet address and restore its funds. Also remember to note down the password this time or else you’ll have to follow these steps and create a new wallet from seed again. Now you’ll be asked to set a password for your new wallet which is a wallet encryption so make sure to set a strong password. Following is a step by step guide to restore your Bitcoin electrum wallet from seed.ĥ. So what happens if you forget this password? There is one option and that is setting up a new wallet from the seed word. Whenever you wish to access wallet or send coins to another address or when exporting private keys you’ll be asked to enter the wallet password which you set during the installation process. This password is mandatory step and it is an extra layer of protection to your electrum wallet. When you setup Electrum wallet you’ll be asked to choose a wallet type, once it’s done the wallet will generate a seed for you, after which you’ll be asked to set a password. Forget my Electrum password, but I have the wallet seed Okay! Here are some common scenarios that users of Electrum wallet face when they forget their password or didn’t save their wallet file or seed word. Learn the difference between recovery phrase, passphrase and password This is why everyone recommends you to store your wallet seed in a secure location. Yes! If you lose your password then you can recover your wallet using seed but if you lose your seed word then all is gone. “I lost my wallet password but I have the seed is it possible to recover wallet?”. We’ve seen users on forum asking questions like: “I lost my electrum wallet seed are my Bitcoins gone?”. Even if you forget to write down this seed initially you can find it later on in your wallet by entering your password but what if you forget your password. It is a client side functionality and is only available for you. This seed word is not saved anywhere on electrum servers. It is a master key that helps to recover your Electrum wallet completely. Remember that seed is not a private key of your wallet address. Example of seed word: “ buyer category snap balcony letter banner rest pool cake boil owner plug“. It is a 12 word mnemonic seed that is used to generate your wallet private keys. In addition to that let’s also see how to find your Electrum wallet seed word and how to restore wallet from seed.Īlso read: Generating and using own custom mnemonic seed Electrum wallet seed word:Įlectrum wallet creates a seed word for you when you initially setup your wallet. This beginners guide is all about giving a basic understanding of wallet seed and explaining how important the seed word is. Due to its simplicity most users advise beginners to use Electrum wallet but they are not given much awareness about the wallet seed. Not just secure, but compared to QT wallet Electrum is fast, simple and uses less resources. In your deterministic sequence of addresses.Įlectrum-LTC uses a gap limit to stop looking for addresses.Electrum wallet for Bitcoin is one of the most reputable and secure wallet available for Desktop and Mobile. What is the gap limit? The gap limit is the maximum number of consecutive unused addresses On all other operating systems, it is located in ~/.electrum-ltc. On Windows, this folder is located in \Users\YourUserName\AppData\Roaming\Local\Electrum-LTC. Under the /wallets folder when you first run the application. Where is my wallet file located? A default wallet file called default_wallet is created You cannot send litecoins if you don't have enough funds in non-frozen addresses. What does it mean to “freeze” an address? When you freeze an address, the funds in that address will not be Older versions of Electrum could import private keys from another client,īut then you had to backup those keys separately,Īs they could not be restored by the Electrum seed. This way you'll have all your litecoins secured with your seed. You have on your old wallet to one of the addresses on your Electrum wallet. What should I do with my old Litecoin addresses and wallet when switching to Electrum-LTC? The best way to switch to Electrum is to send all the litecoins Recovered from the seed that you can memorize or write on paper. You do not need to perform regular backups, because your wallet can be The seed can be represented as a 12-word mnemonic code. What is a “seed”? Electrum-LTC uses a 128-bit random seed to generate your private keys. If you are looking for a mobile wallet, check out Litewallet. Is there a version of Electrum-LTC for Android? Android is not currently supported.
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