I think they are panicking. An employee has misappropriated funds and as a result they can't meet their obligations. The reason they haven't shut down the site yet is because they are not all dishonest. They are looking to salvage the situation as best they can.

You could put in a feature request on github.

do the following:

edit sorry my bad.

he's already installed it using pip3.

@OP open up a terminal and type:

If electrum doesn't run copy what it outputs in the terminal (ctrl+shift+c) and paste it on a pastebin site like pastebin.com. Then share the link with us here.

Try this except run it with sudo: https://www.reddit.com/r/Electrum/comments/8y7o9z/electrum_will_not_start/e29k9wv/

Then do the sudo pip3 install again.

If that doesn't work pastebin the pip.log file it creates and share the link here.

The money has been sent. It is not your fault that the recipient was using a dodgy wallet. You have done your bit and now they owe you whatever you were getting in exchange for that money transfer.

Also this forum is only for electrum related issues. Your issue has nothing to do with electrum.

By master key do you mean an xprv or do you have the seed words? The seed words are 12 or more random English words.

to display the seed go to wallet menu  > seed. to restore you don't need to use a different machine. you can begin the process on the same machine via file > new/restore, enter a unique name for the new wallet file and then copy on-screen prompts for the rest. to switch wallets use file > recently open or file > open.

they've increased the fees on fiat withdrawals to 15%. that's why the btc price is so much higher. fees went from 7-9-15%

You have a few options:

1. You could export all the private keys of addresses that have already been generated by the wallet. Wallet menu > private key >export will do that. But as you use your wallet it'll derive new addresses from the seed so your backup will quickly go stale.

2. Another approach is to simply archive a copy of electrum along with the seed backup. Even if electrum development stops in future and all copies of the software disappear from the interwebz you will have what you need to derive address specific private keys from your seed.

3. Finally you can archive the extended private key and note down the derivation path electrum uses. The assumption here is that there will be bip32 wallets in future that can make sense of your xprv. I wouldn't do this if you're using anything other than a p2pkh wallet (with addresses beginning with 1) because the chances of other wallets supporting your yprv/zprv etc. are lower. If you want to do this then go to view menu > show console, switch to console tab and then type getmasterprivate(). The derivation path for p2pkh wallets is m/n/i where n is 0 for the external chain and 1 for change addresses while i is the address index (first address in chain starts at 0, second is at 1 and so on).

IMO 2 is the best option.

Some basic linux proficiency is required. When they say <insertsomethinghere> you should have the good sense to omit the <> symbols. Try this:



Also bitcoind has to be synchronized. Has it downloaded all 180GB of the blockchain?

Price on wex is 12.5% higher than on finex. Anyone know what's going on?

ok but bip44 wallets don't expect that part to be hardened. there is no hardening below the account level.

also you obviously can't generate hardened addresses using just the xpub on the server.

hodl addresses work on testnet. i speak from experience using coinb.in

as for electrum i mention it because in order to generate a hodl address you'll need to supply the public key of one of your legacy addresses, acquire testnet bitcoins from a faucet and then send those to the hodl address. for all that you can use an electrum testnet wallet. you're still going to have to use coinb.in to sign the transaction spending from the hodl address.

The derivation path is way out there. Instead of 2147.. something you should use 0. That part can only be 0 for external addresses and 1 for change addresses.

m/44'/0'/0'/0/i where i is in the index of the address (first is 0, second is 1 and so on).

The above is for mainnet address. If you want to generate testnet addresses then the purpose must be changed to 1 and you have to change the version bit in the addresses as well. So the derivation path for testnet is:

m/44'/1'/0'/0/i


More info about bip44 here: https://github.com/bitcoin/bips/blob/master/bip-0044.mediawiki#Path_levels

I wrote this for people in your situation. See if it helps.

no it doesn't make any difference if you hash with sha512sum or sha256sum. in fact you need not hash it at all. just enter whatever random bits you have into the seed entry field. like i said before electrum will let you put anything in there if you check the bip39 option. you can even click on the little folder icon in the corner to load the entropy/seed from a file.

as for backups you can always rely on soft copy backup of the electrum wallet via file menu > save copy. a wallet file backup will include the derived xpriv so everything you need is in there.

if you want to create a p2sh segwit wallet i have a guide here for it.

Salmen did you know coinb.in has testnet support: https://coinb.in/#settings

You can test hodl addresses on testnet instead. Electrum has testnet support so you can use that as well.

electrum doesn't follow bip44 either. however you can grab the xpriv from the wallet file and use that in that tool. you'll have to adjust the derivation path though. why you would go through all this trouble idk. much better to not mess with private keys at all but if you absolutely must do so restore from seed in electrum and use that to export your private keys.