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Author Topic: Electrum fee  (Read 176 times)
goldenpay
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February 21, 2017, 11:11:26 PM
 #1

want to try electrum, but what is the fee ? anyone tell me ?

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February 22, 2017, 12:16:40 AM
 #2

want to try electrum, but what is the fee ? anyone tell me ?
The only cost to use electrum is about 70 mb worth of disk space on your hard drive that the program will take up.

It is otherwise entirely free to use electrum.

goldenpay
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February 22, 2017, 12:33:50 AM
 #3

want to try electrum, but what is the fee ? anyone tell me ?
The only cost to use electrum is about 70 mb worth of disk space on your hard drive that the program will take up.

It is otherwise entirely free to use electrum.

this is cool, will try it, tnx for reply

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February 22, 2017, 01:39:58 AM
 #4

want to try electrum, but what is the fee ? anyone tell me ?
The only cost to use electrum is about 70 mb worth of disk space on your hard drive that the program will take up.

It is otherwise entirely free to use electrum.

Well there still is the standard Bitcoin transaction fees if you intend to send btc, but those would be the same regardless of which client you choose to use.
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February 22, 2017, 11:04:22 AM
 #5

itis really good and very easy to use Grin

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February 28, 2017, 07:30:07 PM
 #6

quick question regarding any wallet.
When using Electrum or any other wallet to create your address and keys, How can you be sure that the software doesnt store or send your key somewhere?
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February 28, 2017, 07:44:42 PM
 #7

quick question regarding any wallet.
When using Electrum or any other wallet to create your address and keys, How can you be sure that the software doesnt store or send your key somewhere?


The best way to be 100% certain is to create a cold storage electrum wallet to hold your Bitcoins on a computer that you never connect to the internet. The tutorial at this link explains how to do it.

http://docs.electrum.org/en/latest/coldstorage.html

You also create a watching only wallet using only your Bitcoin addresses (not your private keys). You let that connect to the internet to see your balances and transactions. When you want to send Bitcoins you create the transaction in the online wallet, sign it in your offline wallet, then broadcast it in your online wallet.

The main reason people create cold wallets is in case their computer gets infected with a virus, not any distrust in the safety of electrum's code.

Electrum's code is open source, and the community would soon notice if it was changed to do anything malicious with your private keys. It's constantly being reviewed by programmers in the community.
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February 28, 2017, 08:16:04 PM
 #8

Electrum is as safe as your PC is. If you install it after a clean install of your Windows, then chances are you are going to have a good experience especially if you have a good antivirus like Avira Pro. Electrum is safe until proven otherwise, I have not heard a hack story so far for the electrum wallet. All problems or at least the majority of them are because of users misuse or user errors.

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kolloh
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March 01, 2017, 01:36:19 AM
 #9

And if you want to be even safer, use a hardware wallet such as Ledger Nano S in combination with Electrum. If you do this, then Electrum won't even have access to your private keys.
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