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1  Bitcoin / Electrum / Re: Is the fee flexible? on: October 12, 2024, 07:02:28 PM


The fee is for 20 outgoing transactions so you will face no additional fee during the next 19 sends. But yeah if you don't want the 2fa protection and want to avoid paying trustedcoin you can just restore from seed and disable 2fa. Go to file menu > new/restore to get started on that.

How would this work, exactly?

After receiving 4 transactions, I send 1 outoing one. I pay extra 1.25mbtc (roughly). And for the next 19 outgoing transactions I only pay miner's fee, no 2fa fee?

Yes that's correct.

Quote
Only outgoing transactions count for the purpose of this Trusted Coin's additional (2fa) fee, right?

Does the above count as 1 of 20 transactions? 4 of 20? 5 of 20?

1 of 20.

I'd like to add that you're not supposed to store the seed mnemonic digitally. That rules out screenshots and copying to a text file. You're supposed to write it down using pen and paper.

Paid 1.25 mbtc as expected to Trusted Coin.

Now, I would appreciate if someone knowledgeable told me just one thing:

If I change NOTHING in my set up (I still don't have my seed phrase) and just use password and 2FA.
And I collect 5-6 more payments over the next few weeks/months.

And then I send those payments in one lump sump to another bitcoin address.

Will there be a fee of 1.25 mbtc? If not, when should I worry about it again? How much have I just 'prepaid'?

https://imgur.com/a/2pfvFFR

https://imgur.com/a/UHjnYrT

No there won't be any additional fees. Like I said above you prepaid for 20 outgoing transactions.

However it isn't safe to use your 2fa wallet because in the event your phone gets stolen or lost you won't be able to generate the one time password from google authenticator to be able to spend your bitcoins. So to avoid losses you should create a new standard wallet by going to file menu > new/restore and then simply send all your bitcoins to a receive address in the new wallet. You can switch wallet files by going to file > open or recently open. Be sure to write down the new wallet's seed words!

2  Bitcoin / Electrum / Re: Is the fee flexible? on: October 11, 2024, 07:40:31 PM
I'm pretty sure there was no mention of a FEE during wallet selection process. Of course it's on me, the user, to RTFM and be prepared for the consequences if I don't.

Calling my thread here 'crying' is a little too much IMHO. It's almost the same as calling TrustedCoin's little 2fa trick 'a scam'.
How do you think it's a trick and trustedcoin is scam?

During wallet creation or adding 2FA in your wallet it's always gives you a note that they will charge a small fee everytime you make any transaction. You might be ignoring the note and using 2FA carelessly.

And I think the other reason why you had the high fee of almost 1mbtc it's because of the current congestion. Why are you blaming too much the TrustedCoin? You can wait a day or two until the current recommended fee drops, and I believe you can still get a lower fee until the congestion is gone.

Do you believe the 'additional fee' that TrustedCoin charges, will drop along with reduced congestion?

I don't think it will (just intuition). The miners' fee will decrease but the problem is TC want to charge me 20% of my wallet balance. Not 1%, not 5%. 'Small fee' - yeah right.

The fee is for 20 outgoing transactions so you will face no additional fee during the next 19 sends. But yeah if you don't want the 2fa protection and want to avoid paying trustedcoin you can just restore from seed and disable 2fa. Go to file menu > new/restore to get started on that.
3  Bitcoin / Electrum / Re: How to withdraw from wallet? on: September 17, 2024, 06:59:04 PM
Thank you so much for everyones reply!!

I think part of the issue is i have the electrum app on my mobile device and when checking the settings it is a watch only wallet.. i want to enter the btc addresses to send manually but in the app it doesnt allow that.

I downloaded the electrum application on my windows device but i dont have the secret phase as it was on my old phone.
I do have the master public key but dont have the wallet file to upload on my computer

Are there any suggestions of how to open the wallet & change it to not watch only to proceed on my computer?
Or to get the wallet file / secret key?

Appreciate all of your support!

You need the secret phrase which is better known as the seed mnemonic. Without it you can't spend from your wallet. Did you not write it down when you originally created the wallet?
4  Bitcoin / Electrum / Re: Electrum Wallet & Malware Bytes on: September 15, 2024, 11:32:53 PM
This is a false positive. Coin mining malware connects to electrum servers too so that's why anti-malware software goes off when any program connects to an electrum server.
5  Bitcoin / Electrum / Re: Didn't receive funds in my electrum wallet using xpub on: September 12, 2024, 06:31:29 PM
I tried to import the seed phrase in legacy format as well but still there are no transaction showing (the addresses start with 1 but none of them matches with the address money sent to)

How did you manage to import the seed in legacy format? The seed mnemonic encodes the script type of the addresses i.e whether they are native segwit or not so electrum does not even give you the option to choose the script type.

Everything is working perfectly except the btc thingy. Is there any possibility to recover the btc?

Try what zaguru12 said above and create an imported private key wallet. To do this go to the addresses tab (view > check addresses if it does not appear) and right click on the first address and choose "private key" to view the private key. Copy it to a text document along with the private keys of the first 5-6 addresses. One private key per line.

The private keys will begin with "p2wpkh". Change it to "p2pkh". Then create an imported private key wallet as per this guide below:

https://bitcoinelectrum.com/importing-your-private-keys-into-electrum/
6  Bitcoin / Electrum / Re: Electrum seeds and wallets on: August 29, 2024, 04:58:52 PM
Yes, of course in the case of the blue wallet, it works. I imported a wallet created from electrum with 12 words and it opened without any problems. But when I tried to open one with the 12 words plus the extra one, it didn't work anymore.

hosseinimr93 explained above that you have to select an option in bluewallet when using a seed extension/passphrase with your seed:

If you want to import a seed phrase with extended words (also known as passphrase) in bluewallet, you must check "Passphrase". You didn't check that option and bluewallet didn't ask your passphrase.
Take note that bluewallet can't know whether you have extended your seed phrase with passphrase or not and it generates the wallet from any valid seed phrase you enter.
7  Bitcoin / Electrum / Re: Completing transfer into cold wallet on: June 25, 2024, 07:20:59 AM
You can't expect the cold wallet to show you any transactions. It's offline so it doesn't know about any of your transactions.

Create a watch only wallet on an online device if you want to see transactions. Grab the master public key of the cold wallet using the wallet menu > information window. Then on an online device install electrum and create a deterministic watch only wallet as per this guide:

https://bitcoinelectrum.com/creating-a-watch-only-wallet/

To spend from your cold wallet see this guide:

https://bitcoinelectrum.com/creating-a-cold-storage-wallet-in-electrum/
8  Bitcoin / Electrum / Re: Why Can't I Bump A Transaction? on: June 22, 2024, 07:30:07 AM
The high fee warning usually means the OP entered the wrong amount because he confused mbtc with btc. OP you should change the unit of account to btc under tools > preferences> units tab > base unit option.
9  Bitcoin / Electrum / Re: I Downloaded Electrum [Standard] Version, What Am I Missing? on: June 17, 2024, 08:53:16 AM
To increase the fee you right click on the transaction on the history tab and choose "increase fee" from the menu that appears.
10  Bitcoin / Electrum / Re: Confused with wallet recovery on: June 09, 2024, 09:39:08 PM
I filed a bug report:

https://github.com/spesmilo/electrum/issues/9088

Good job nc50lc.
11  Bitcoin / Electrum / Re: Confused with wallet recovery on: June 08, 2024, 10:53:50 PM
So I clicked the check box to add extra words but I never got prompted to input them. Am I missing something?

You get prompted to enter them in the very next step. If you're not seeing it then we have to wonder about your electrum install. What version of electrum are you using? Check your browser history for the exact download URL and share that with us. That is because there are many fake versions out there.
12  Bitcoin / Electrum / Re: Electrum 2 out of 3 multi-sig wallet needs only one signature on: May 02, 2024, 09:16:22 AM
Wallet C was probably created with 2 out of 3 seeds so it can generate all the required signatures all on its own. Wallet menu > information will probably tell you how many seeds it has.
13  Bitcoin / Electrum / Re: Another Electrum newbie with easy question... on: April 15, 2024, 06:51:07 AM
Could be that you have a 2fa wallet and 2fa fees account for the difference you see there
14  Bitcoin / Electrum / Re: Help with an unverified Transaction on: April 15, 2024, 06:49:47 AM
For some reason I can't get Electrum to work on my iPhone....


Electrum does not have an iphone version. There were some reports of a fake electrum version on the apple app store. That is coin stealing malware. Did you install that?
15  Bitcoin / Electrum / Re: Transaction from Electrum didn't appear on my Binance account on: April 03, 2024, 05:10:52 PM
Electrum doesn't really allow you to choose the derivation path for wallets created using an electrum seed. It automatically chooses an appropriate derivation path. So there is no need to document that.
16  Bitcoin / Electrum / Re: Restoring wallet doesn't restore coins on: March 27, 2024, 06:52:29 PM
Thank you all, I see no transactions at all in the history tab...

Do you see a green orb in the bottom right?

Quote
and I've tried to investigate with the wallet address, but I am not sure where I can find the associated wallet address to search with in a blockchain investigation website.


Go to view menu and make sure "addresses" is checked. Then switch to addresses tab to see all the addresses in your wallet. Your wallet has many addresses not just one.
17  Bitcoin / Electrum / Re: Restoring wallet doesn't restore coins on: March 26, 2024, 01:13:20 PM
See here for things you can try:

https://bitcoinelectrum.com/frequently-asked-questions/#why-does-restoring-my-wallet-from-seed-lead-to-a-different-wallet
18  Bitcoin / Electrum / Re: BTC funds dissapeared from my Electrum Wallet on: March 16, 2024, 01:01:57 PM
So we get back to the seed phrase... How that happened, it's still a mistery. I mean I'm more frustrated right now that I have no clue how it happened rather that I have lost all the funds...
I can imagine how frustrating this is for you, but did you back up your seed phrase on paper? There are people who back up their seed phrase on paper and store it in locations around their house, only for the seed phrase to be exposed somehow and the funds stolen, is this something that can possibly be put into consideration as one of the ways your funds stolen.

he says he stored the seed words in a text file on his server. one should never store the seed like that.
19  Bitcoin / Electrum / Re: Transaction from Electrum didn't appear on my Binance account on: March 13, 2024, 01:53:37 PM
That guide is too old. To spend from the multisig wallet go to the send tab of one of the cosigners and create a transaction spending some bitcoin. Then click on pay and set a suitable fee in the window that pops up and click on ok. A transaction preview window will now appear with details about the transaction. Click on share > copy to clipboard in the bottom left of that window. Then close the window and go open the other cosigner wallet file using the file menu. Go to tools menu > load transaction > from text, paste in the transaction and click on load transaction. The transaction preview window will appear again. Check that the fee and output addresses and amounts are what you expect and click on sign. Then click on broadcast.
20  Bitcoin / Electrum / Re: Electrum - recover wallet on: March 11, 2024, 12:41:57 PM
If restoring leads to an empty wallet then see this faq:

https://bitcoinelectrum.com/frequently-asked-questions/#why-does-restoring-my-wallet-from-seed-lead-to-a-different-wallet
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