Bitcoin Forum
May 08, 2024, 12:53:34 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Bitcoin > Development & Technical Discussion > Wallet software > Electrum > Changing wallet type from standard to multisig or 2fa
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Changing wallet type from standard to multisig or 2fa  (Read 1417 times)
LandmineLt (OP)
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
August 27, 2015, 03:24:36 PM
 #1
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?
1715129614
Hero Member
*
Offline Offline

Posts: 1715129614

View Profile Personal Message (Offline)

Ignore
1715129614
1715129614
Reply with quote  #2
1715129614
Report to moderator
1715129614
Hero Member
*
Offline Offline

Posts: 1715129614

View Profile Personal Message (Offline)

Ignore
1715129614
1715129614
Reply with quote  #2
1715129614
Report to moderator
1715129614
Hero Member
*
Offline Offline

Posts: 1715129614

View Profile Personal Message (Offline)

Ignore
1715129614
1715129614
Reply with quote  #2
1715129614
Report to moderator
How can the Bitcoin system be changed?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715129614
Hero Member
*
Offline Offline

Posts: 1715129614

View Profile Personal Message (Offline)

Ignore
1715129614
1715129614
Reply with quote  #2
1715129614
Report to moderator
1715129614
Hero Member
*
Offline Offline

Posts: 1715129614

View Profile Personal Message (Offline)

Ignore
1715129614
1715129614
Reply with quote  #2
1715129614
Report to moderator
1715129614
Hero Member
*
Offline Offline

Posts: 1715129614

View Profile Personal Message (Offline)

Ignore
1715129614
1715129614
Reply with quote  #2
1715129614
Report to moderator
RustyNomad
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250



View Profile WWW
August 28, 2015, 06:21:03 AM
 #2
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.
Abdussamad
Legendary
*
Offline Offline

Activity: 3612
Merit: 1564



View Profile
August 29, 2015, 09:05:18 AM
 #3
Quote from: LandmineLt on August 27, 2015, 03:24:36 PM
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.
Pages: [1]
  Print  
Bitcoin Forum > Bitcoin > Development & Technical Discussion > Wallet software > Electrum > Changing wallet type from standard to multisig or 2fa
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!