Hi thanks for your reply
So just to be clear the seller can always have access to the address? So a buyer should not use it to store coins and the seller can maybe take these coins?
So the best thing to do would be to create a new electrum wallet, but use the restore option........ then put the private key instead of the seed in restore function?
Also electrum 2.5.4 does not have an import button.... only a sweep button? how can you import the private key then?
Hope someone can explain....
Thanks
You are correct
The seller can always steal your coins, or lose the private keys to a hacker, or sell the private keys to somebody... Never hold any funds on addresses generated with a private key that is compromised (this includes bought private keys, web wallets, vanity addresses that weren't generated with the split key method).
About electrum: if i'm not mistaking, you can import private keys when you setup electrum for the first time. If electrum is already installed, go to file -> new -> restore a wallet or import keys
Since i've never done this before, i'm not sure what happens to your existing wallet... maybe Shorena can shed some light onto that?