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Author Topic: Is it really safe to use Electrum?  (Read 3070 times)
ImHash
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April 05, 2017, 03:23:13 AM
 #21

You guys think hardware wallet materializes bitcoins? Electrum as to my knowledge is a lite client connected to one or several full nodes and besides it's a free software be grateful.
Packet sniffing? you need to first know what cryptography is, it's called crypto currency for a reason. any data incoming/outgoing with firewall layers protected and are heavily encrypted.

If you don't want to trust any third party then you could use bitaddress.org or any other similar service (coin.dance) in offline mode, generate an address and then save both address and the private key and send your bitcoins to those addresses and for further transfers import in blockchain.info first as a watch only and then when you click on a watch only address in send menu it will ask for private key.

And I think you can use the Core wallet as a lite wallet in latest version, without having to download the whole blockchain. (need confirming)

Also Electrum is a third party and free lite wallet either use it or don't.
sherlock_h
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April 05, 2017, 03:38:16 AM
 #22

I'm still studying their system, but it's probably a lot better than storing in exchanges or online wallets. If you do not already have a hardware wallet, that might be a good option until you get one.

What might be a good option until i get a hardware wallet ? Confusd??
Electrum and a few others desktop wallets. But as you said, I have to study this more deeply, to know which is the best.

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kolloh
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April 05, 2017, 04:10:24 AM
 #23

I'm still studying their system, but it's probably a lot better than storing in exchanges or online wallets. If you do not already have a hardware wallet, that might be a good option until you get one.

What might be a good option until i get a hardware wallet ? Confusd??
Electrum and a few others desktop wallets. But as you said, I have to study this more deeply, to know which is the best.

My favorite desktop wallet is Electrum. I definitely recommend using this until you get a hardware wallet. It also has the benefit of being compatible with a number of hardware wallets so you could choose to use it once you get a hardware wallet as well and you will already be familiar with it.
Dragonizer
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April 05, 2017, 11:00:00 AM
 #24

Has anyone on here used a Hard Wallet ?

I am seriously thinking about getting one....I have heard BAD storie about MultibitHD and it's ledger wallet although its looks VERY nice...

Is that the only two on the market ?

Cheers
DuddlyDoRight
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April 05, 2017, 12:45:59 PM
 #25

Some of it's end-users have looked through all their code and because the way peer servers work as someone described..

I have faith that one day this forum will get threads where people won't just repeat their previous posts or what others have already stated in the same thread. Also that people will stop acting like BTC is toy-money and start holding vendors accountable. Naive? Maybe.
jonald_fyookball
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April 09, 2017, 03:05:49 PM
 #26

if you don't have the time/expertise to review the code yourself, its good to know Electrum has been around a long time and has an excellent reputation.

dwieyani
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April 19, 2017, 03:53:32 AM
 #27

but I'm still learning from my friends to understand more about their system review.
hermanhs09
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April 19, 2017, 04:17:42 AM
 #28

How i can be sure that private keys not stored on centralized servers?


It is safe to use it.

Pretty sure that the code is open source, meaning that anyone can verify that it is legit.

I have used electrum for the past year. I have never regretted started using it last year because it is so easy to use and the design is clean as well for the graphic user interface. Use it man, you won't regret it Wink
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