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Title: Changing wallet type from standard to multisig or 2fa Post by: LandmineLt on August 27, 2015, 03:24:36 PM I have a question, I am new to Electrum and currently posses some BTC in my newly created standard Electrum wallet. I would like to enhance the security by utilizing multisig or 2FA before sending this BTC to a marketplace wallet. Am I able to 'upgrade' my regular standard wallet to a multisig or 2fa wallet? or would I need to create 2 new multisig wallets and then transfer the BTC from my standard wallet to multisig wallet? I assume you are able to transfer funds between different wallet types correct?
Title: Re: Changing wallet type from standard to multisig or 2fa Post by: RustyNomad on August 28, 2015, 06:21:03 AM I'm speaking under correction but from what I know you will have to create a new wallet.
One obvious point of switching to a multi-signature wallet is that all your addresses change to multi-signature addresses starting with a number 3. So if you want to go with multi-signature you will have to create a new wallet. No way you can use your old addresses in a multi-signature wallet. Title: Re: Changing wallet type from standard to multisig or 2fa Post by: Abdussamad on August 29, 2015, 09:05:18 AM or would I need to create 2 new multisig wallets and then transfer the BTC from my standard wallet to multisig wallet? ^ This. Quote I assume you are able to transfer funds between different wallet types correct? It'll be an on-chain transfer like any other bitcoin transaction. There is no internal electrum-2-electrum transfer if that's what you are thinking. |