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Take note that any online device is always prone to hacking and it's recommended that the wallet is offline and your private keys never connect to the interent. That's why I recommended to import your private keys on an offline (preferably to be air-gapped) device and sign your transaction there. This doesn't mean you can't use an online device and sweep your private keys.
An offline device means to me something like a Trezor.. How can a transaction be signed on an offline device and why that is needed? Thank's in advance for additional help! |
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Why sweeping the private key of a paper wallet isn't a good idea?
A paper wallet should be always offline. Otherwise, you would defeat the purpose of a paper wallet. Since you can only sweep your private key into an online wallet and there is no way to sweep a private key into an offline wallet, it's better to import your private key into an airgapped device, sign the transaction offline and don't use the sweep feature. This is assuming you have created your paper wallet on an airgapped device in the correct way. If you didn't do so, you have already defeated the purpose of a paper wallet and your so-called paper wallet isn't really a paper wallet. My paper wallet was made by Bitcoin ATM machine. In general, are you concerned that I could loose my funds during sweeping the paper wallet into Electrum (preinstalled on Tails) or are you more concerned about privacy? Thank you! |
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I intend to sweep funds from a paper-wallet
It's not a good idea to sweep the private key of your paper wallet. Instead, you should import your private key on an offline device (preferably to be airgapped) and then send the fund to any address you want. Since you can't sweep your private key if the wallet is offline and your wallet has to be online, that would defeat the purpose a paper wallet. Why sweeping the private key of a paper wallet isn't a good idea? |
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Hello I intend to sweep funds from a paper-wallet and other funds from an old BRD-wallet (12 words known) into Electrum (preinstalled on Tails). 1. Do I have to care something about during start/setup of Electrum (Tails) if I inted to make a donation to https://grapheneos.org/donate(there are different addresses listed/suggested at https://grapheneos.org/donate and I don't know which address-type to use) ? 2. Sometimes in the future I will be required to show simple Bitcoin tasks to an audience. That means a transaction (of about 5 USD) to a person of the audience should be confirmed withhin about 5-10 minutes. Should i use Bech32m (Taproot) addresses for such a demo? Thank's in advance! |
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In an answer of a topic which does not really relate to my question, the following is written: The best way to maintain privacy is by running your own full node and also using different address for different transactions. If you run your own node and then point electrum server towards it then your privacy might be protected and you won’t depend on other nodes for information and also you can use Tor or VPN to hide your IP too if you’re connected to other nodes
It is worth mentioning also that running your own node or personal electrum server should be connected with Tor for privacy reason. Connecting it with IP is not private enough as your Internet network provider can still see some information about you and that you are using Bitcoin Core. Question: How does it work to connect to my own fullnode without IP? Copy the the transaction physically to the full node, e.g. by using an USB stick? |
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Hello in a thread with an other subject, a person pasted the follwing statement: I don't know why some member mention mixer when OP mainly ask about wallet. But OP and reader should take note that not all mixers are equally good and usually mixed coin can't be deposited into centralized exchange.
Why is that the case? Does a mixer try to follow the entire way of Bitcoin funds, and if the "path" is intransparent, mixing is not performed? |
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Hello,
1.
Is it recommended to generate a new seed after importing funds (with the help of the 12 word phrase from BRD wallet)
to Electurm?
2.
The same, if funds from a paper wallet are sweeped to Electrum?
Thank you!
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Hello,
for the case there should be a power outage, will the entire blockchain be downloaded again or only the changes (since the outage)?
Thank you!
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Hello
is there a way in Electrum to show the amount of a transaction in USD or in an other currency before confirming the transaction?
The same with the fees.
Thank you!
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Hello,
to my knowledge a large Bitcoin transaction does consume more "space" on the blockchain than a small BTC transaction.
Why that?
Thanks!
PS
I do know that hasing is used, e.g. to verify the integrity of a file.
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Hello
does it make a difference if the sender tranfers BTC funds to my Wallet address or to my Public Key?
Thank's in advance!
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Hello Is there a possibility to copy/paste the wallet address to the clip-board in order to copy it afterwards to an SMS? (or even better if the SMS app would be started automatically  I do know that SMS is not really secure, but better than email and i think it will certainly be ok for my needs... Thank you! |
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Hello
what infos do I need from the "payer" in order to be able to start a Child-Pays-For-Parent (CPFP)?
Thank you!
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Hi,
is it possible to have Electrum returned change back to the paper wallet?
Thanks!
PS
I heard that this is not a good idea when it comes to privacy.
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Hello forum
for the case I would loose my hardware-wallet, is it enough to restore the 12 word seed to an other hardware-wallet,
or do i need to transfer my Satoshis to an other address asap as well?
Thank's a lot!
Joe
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Hello forum,
I started sometimes ago with the BRD wallet on Android (yes wrote down the 12 word seed:)
and now I intend to switch to Electrum (on Tails).
Now I heard that those 12 word seeds are not necessarily "compatible" with other wallets?
Is this really the case?
Thank's
Joe
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Hello forum in one of my former posts, a user metioned that "I should stay away form Electrum if i want any privacy" What's the reason about this statement? And is there really an open source alternative? Thank's a lot! Joe https://bitcointalk.org/index.php?topic=5359941.msg57935920#msg57935920->It will work. Or else, you can also use both within the same instance, and changing ->your Tor circuit everytime you change your wallet. I would advice you to stay away ->from Electrum if you want any privacy though. |
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Hello forum,
I heard that spending different outputs together should be avoided, if anonymity is an issue and using entirey different wallets
is a way to do that :-)
Would it be ok boot Tails and to start Electrum (without persistence), "restore" funds by entering the 12 word seed, make transactions, than
reboot Tails restore my other 12 word seed for my second "bitcoin profile" and so long?
Of course this is not very comfortable, but for for my needs probaby ok:)
Thank's a lot!
Joe
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Hello
What is the most comfortable approach to share my bitcoin-address - maybe by QR-code - to somebody who wants to transfer
Bitcoin funds to my Electrum-wallet (on Tails (without persistence) ?
Thank's a lot for any feedback!
Joe
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Hello forum,
Is showing unspent outputs among multiple Bitcoin addresses an important wallet feature? Why?
Thank's a lot!
Joe
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