Electrum and 1st of August.

[Eternu]

Hi all,

I have all my BTC on Electrum since 2013.
Now this hardfork is coming and I'm not sure what to do.

Please can you tell me if I should quickly download BTC core wallet and transfer all BTC there or should I just leave all BTC on Electrum ?

Thank you very much for help

Than you are in same dilemma like i am. I have some small part of my bitcoins on some other wallet. I was also thinking what is going to happen with my money on that other wallet, and therefor i have come to an conclusion that either i will transfer that money to blockchain, or i will take and change to fiat.

[SVK]

Electrum wallet - I just have icon on my desktop.
I have copied electrum.dat to USB but I'm not sure if that is what you mean.?

Offline ?

I don't want to be pain but sadly I'm a bit clueless

offline aka cold storage: http://docs.electrum.org/en/latest/coldstorage.html

two things you need to back uo
1. seed: http://docs.electrum.org/en/latest/faq.html#what-is-the-seed
2. wallet file: http://docs.electrum.org/en/latest/faq.html#where-is-my-wallet-file-located

you can and should write down the seed on piece of paper.

I'm still on Electrum 1.6.1 should I update it to newer version or old one is good enough ?

Thank you very much for your help

wow, that is OLD
be careful when upgrading. make sure to back up your wallet file and seed first and also read this link: http://docs.electrum.org/en/latest/faq.html#how-to-upgrade-electrum
then upgrade. the wallet has changed since version 1.x and you may encounter some troubles. so it is best to have these 2 backups just in case.

I bought BTC in 2013 and guy said to me to use Electrum to store them.
So I downloaded Electrum and didn't fidle with it since.

I'm mining ALT coins and all that stuff but I have stopped doing anything BTC related since Habannero boards stopped being profitable.

I have seed (random words) stored on USB drive.
I have Electrum.dat on the same USB drive.
Is this good enough backup before updating ?

What issues can I encounter ?

I'm going to read that article about upgrading.

I really appreciate your help

There is a new version of Electrum releasing this week. Maybe wait for that one?

I will do that then

Would you recommend any website for them paper wallets ?

[SVK]

Hi all,

I have all my BTC on Electrum since 2013.
Now this hardfork is coming and I'm not sure what to do.

Please can you tell me if I should quickly download BTC core wallet and transfer all BTC there or should I just leave all BTC on Electrum ?

Thank you very much for help

Than you are in same dilemma like i am. I have some small part of my bitcoins on some other wallet. I was also thinking what is going to happen with my money on that other wallet, and therefor i have come to an conclusion that either i will transfer that money to blockchain, or i will take and change to fiat.

I have feck all coins in comparison to early adopters but would not like to lose that little I have

[Minecache]

Electrum wallet - I just have icon on my desktop.
I have copied electrum.dat to USB but I'm not sure if that is what you mean.?

Offline ?

I don't want to be pain but sadly I'm a bit clueless

offline aka cold storage: http://docs.electrum.org/en/latest/coldstorage.html

two things you need to back uo
1. seed: http://docs.electrum.org/en/latest/faq.html#what-is-the-seed
2. wallet file: http://docs.electrum.org/en/latest/faq.html#where-is-my-wallet-file-located

you can and should write down the seed on piece of paper.

I'm still on Electrum 1.6.1 should I update it to newer version or old one is good enough ?

Thank you very much for your help

wow, that is OLD
be careful when upgrading. make sure to back up your wallet file and seed first and also read this link: http://docs.electrum.org/en/latest/faq.html#how-to-upgrade-electrum
then upgrade. the wallet has changed since version 1.x and you may encounter some troubles. so it is best to have these 2 backups just in case.

I bought BTC in 2013 and guy said to me to use Electrum to store them.
So I downloaded Electrum and didn't fidle with it since.

I'm mining ALT coins and all that stuff but I have stopped doing anything BTC related since Habannero boards stopped being profitable.

I have seed (random words) stored on USB drive.
I have Electrum.dat on the same USB drive.
Is this good enough backup before updating ?

What issues can I encounter ?

I'm going to read that article about upgrading.

I really appreciate your help

There is a new version of Electrum releasing this week. Maybe wait for that one?

I will do that then

Would you recommend any website for them paper wallets ?

https://www.bitaddress.org/

[SVK]

Electrum wallet - I just have icon on my desktop.
I have copied electrum.dat to USB but I'm not sure if that is what you mean.?

Offline ?

I don't want to be pain but sadly I'm a bit clueless

offline aka cold storage: http://docs.electrum.org/en/latest/coldstorage.html

two things you need to back uo
1. seed: http://docs.electrum.org/en/latest/faq.html#what-is-the-seed
2. wallet file: http://docs.electrum.org/en/latest/faq.html#where-is-my-wallet-file-located

you can and should write down the seed on piece of paper.

I'm still on Electrum 1.6.1 should I update it to newer version or old one is good enough ?

Thank you very much for your help

wow, that is OLD
be careful when upgrading. make sure to back up your wallet file and seed first and also read this link: http://docs.electrum.org/en/latest/faq.html#how-to-upgrade-electrum
then upgrade. the wallet has changed since version 1.x and you may encounter some troubles. so it is best to have these 2 backups just in case.

I bought BTC in 2013 and guy said to me to use Electrum to store them.
So I downloaded Electrum and didn't fidle with it since.

I'm mining ALT coins and all that stuff but I have stopped doing anything BTC related since Habannero boards stopped being profitable.

I have seed (random words) stored on USB drive.
I have Electrum.dat on the same USB drive.
Is this good enough backup before updating ?

What issues can I encounter ?

I'm going to read that article about upgrading.

I really appreciate your help

There is a new version of Electrum releasing this week. Maybe wait for that one?

I will do that then

Would you recommend any website for them paper wallets ?

https://www.bitaddress.org/

Thank you

Had a look and it created QR code.

So the QR codes in Electrum are private keys I should print on paper to be safe ?

Thank you

[xFiber]

I'm also holding the majority of my coins in my electrum wallet as well. Normally there shouldn't be anything to worry about really. However it isn't certain that bitcoin will split. Bitcoin will only split if there isn't a majority for segwit2x, but I have confidence that won't happen.

[Mahanton]

This explains most things that you need to know: http://docs.electrum.org/en/latest/hardfork.html

Thank you very much for your help.

I have stumbled across that article and my head exploded that's why I went on here to ask.

I have zero clue what is that guy talking about. Splitting coins ?
I'm not confident enough to start splitting anything. I can cut apple in two half's but not bitcoin

He is talking about command lines but I'm using Windows 7

Who the fuck fell on his head and came up with idea to split bitcoin ? WTF ?

Would it be best if I change all BTC into cash ?
(unfortunately I'm not verified on any exchange so I will not be able to take money out)

The best advice would be to leave your coins untouched until everything has settled down and the dev updates the wallets to include easy chain splitting. I use Electrum too and this is my plan.

Thank you very much

That's one of the best options
I didn't touch it since 2013 but now Bitcoin is gone from August 1 I'm not sure.

It's sad to see bitcoin going as it was interesting ride for couple of years but I guess nothing lasts forever.

Nothing do last forever and bitcoin could possibly be gone but you cant be sure if there would be a split or not on this upcoming August 1, Storing them on electrum is just fine as long you know its secure and if your quiet hesitated then paper wallet or hardware wallet would be the best choice.If you dont actively touching this coins then its the best option.

[SVK]

I'm also holding the majority of my coins in my electrum wallet as well. Normally there shouldn't be anything to worry about really. However it isn't certain that bitcoin will split. Bitcoin will only split if there isn't a majority for segwit2x, but I have confidence that won't happen.

when you right click on address in electrum it gives you option to see QR code.

Is that a private key I need ?

[SVK]

This explains most things that you need to know: http://docs.electrum.org/en/latest/hardfork.html

Thank you very much for your help.

I have stumbled across that article and my head exploded that's why I went on here to ask.

I have zero clue what is that guy talking about. Splitting coins ?
I'm not confident enough to start splitting anything. I can cut apple in two half's but not bitcoin

He is talking about command lines but I'm using Windows 7

Who the fuck fell on his head and came up with idea to split bitcoin ? WTF ?

Would it be best if I change all BTC into cash ?
(unfortunately I'm not verified on any exchange so I will not be able to take money out)

The best advice would be to leave your coins untouched until everything has settled down and the dev updates the wallets to include easy chain splitting. I use Electrum too and this is my plan.

Thank you very much

That's one of the best options
I didn't touch it since 2013 but now Bitcoin is gone from August 1 I'm not sure.

It's sad to see bitcoin going as it was interesting ride for couple of years but I guess nothing lasts forever.

Nothing do last forever and bitcoin could possibly be gone but you cant be sure if there would be a split or not on this upcoming August 1, Storing them on electrum is just fine as long you know its secure and if your quiet hesitated then paper wallet or hardware wallet would be the best choice.If you dont actively touching this coins then its the best option.

Electrum is able to display QR code.
Is that QR code the private key I have to print with printer to be safe ?

I'm not willing to transfer anything anywhere (lost couple BTC thanks to scammer before)

[BitcoinHodler]

QR code is just a bunch of dots on a square, it is not necessarily your private key. think of QR as barcode but instead of 1 dimension it has 2.

make sure you are using the QR code of your "private key" not QR code of your public key, or bitcoin address or anything else if you want to back up. for example in bitaddress.org the QR code on the left is your bitcoin address in base58 and the QR on the right is the private key.

p.s. private key starts with 5 or L or K

[SVK]

QR code is just a bunch of dots on a square, it is not necessarily your private key. think of QR as barcode but instead of 1 dimension it has 2.

make sure you are using the QR code of your "private key" not QR code of your public key, or bitcoin address or anything else if you want to back up. for example in bitaddress.org the QR code on the left is your bitcoin address in base58 and the QR on the right is the private key.

p.s. private key starts with 5 or L or K

Thank you so much

QR in electrum starts with 1 so that is only public key.?

Would you know how to get private key from electrum ?
I'm worried to send BTC to some random generator :/

[Minecache]

Electrum wallet - I just have icon on my desktop.
I have copied electrum.dat to USB but I'm not sure if that is what you mean.?

Offline ?

I don't want to be pain but sadly I'm a bit clueless

offline aka cold storage: http://docs.electrum.org/en/latest/coldstorage.html

two things you need to back uo
1. seed: http://docs.electrum.org/en/latest/faq.html#what-is-the-seed
2. wallet file: http://docs.electrum.org/en/latest/faq.html#where-is-my-wallet-file-located

you can and should write down the seed on piece of paper.

I'm still on Electrum 1.6.1 should I update it to newer version or old one is good enough ?

Thank you very much for your help

wow, that is OLD
be careful when upgrading. make sure to back up your wallet file and seed first and also read this link: http://docs.electrum.org/en/latest/faq.html#how-to-upgrade-electrum
then upgrade. the wallet has changed since version 1.x and you may encounter some troubles. so it is best to have these 2 backups just in case.

I bought BTC in 2013 and guy said to me to use Electrum to store them.
So I downloaded Electrum and didn't fidle with it since.

I'm mining ALT coins and all that stuff but I have stopped doing anything BTC related since Habannero boards stopped being profitable.

I have seed (random words) stored on USB drive.
I have Electrum.dat on the same USB drive.
Is this good enough backup before updating ?

What issues can I encounter ?

I'm going to read that article about upgrading.

I really appreciate your help

There is a new version of Electrum releasing this week. Maybe wait for that one?

I will do that then

Would you recommend any website for them paper wallets ?

https://www.bitaddress.org/

Thank you

Had a look and it created QR code.

So the QR codes in Electrum are private keys I should print on paper to be safe ?

Thank you

I don't know what you are looking at. To be 100% certain you would be best to try spending some Bitcoin using what you think is the private key.

[BitcoinHodler]

QR code is just a bunch of dots on a square, it is not necessarily your private key. think of QR as barcode but instead of 1 dimension it has 2.

make sure you are using the QR code of your "private key" not QR code of your public key, or bitcoin address or anything else if you want to back up. for example in bitaddress.org the QR code on the left is your bitcoin address in base58 and the QR on the right is the private key.

p.s. private key starts with 5 or L or K

Thank you so much

QR in electrum starts with 1 so that is only public key.?

Would you know how to get private key from electrum ?
I'm worried to send BTC to some random generator :/

if it starts with 1 then it most probably is your bitcoin address like the one you see in my profile for example.

and i've read the previous comments and it seems like your wallet is old so that must be the reason you don't see the private key option when you right click on an address like this:


you can also do this:


but and as someone else already mentioned, you just need the seed. your seed is your private keys.
IF you have not imported any keys in your current wallet then all the private keys that you are seeing right now can be easily derived from that seed. that is how deterministic (or HD) wallets work.

good luck.

[jtipt]

No need to do anything. Just make sure your coins are safe in your Electrum wallet and offline if possible. There s no proof there will be BTC fork at all, we can only wait ATM.

Yes exactly, I don't know what many people are 100% convinced that there will be a hard fork on 1st August. I am hoping for hard fork not to happen. Well as far as where the coins are safer then it doesn't really matter electrum or core both are probably equal safe, electrum has its policy of handling and fork and even if it's not electrum but some other wallet, some way or other the dev of the wallet will make the process simpler after the fork, if fork happens.

[Kprawn]

Do not panic and just move all your coins to some sort of cold storage where you have full control over your private keys. This is necessary for you

to be able to choose what coins you will be using in the future. { You should have coins on both forks, if it splits } There will also be exchanges

that will be supporting coins from both chains. { Like after Ethereum DAO split } 

[Juggy777]

Hi all,

I have all my BTC on Electrum since 2013.
Now this hardfork is coming and I'm not sure what to do.

Please can you tell me if I should quickly download BTC core wallet and transfer all BTC there or should I just leave all BTC on Electrum ?

Thank you very much for help

Welll you are not alone to have this kind of fear, going forward to August 1st many shall have this question, personally I have been using coinbase.com without any issues for so long, but now due to August 1st I decided to movie out of it to electrum. As far the wallet it's absolutely secured until you don't give away your seed or private keys. Just keep it lock and forget about it, that's the best idea, prior to fears of a hard folk, currently it's feels like there won't be any hard folk as of such.

[Reid]

If you are really having a hard to time to decide then maybe the best option would be to sell.
Although I dont recommend but it is hard to find answers for a person who is in too much doubt.
I also use electrum and I would prefer just letting it be for myself decision.

[TrumpD]

if are not trading just create a paper wallet and move all ur BTC into it. and wait to see what's gonna happen.

Never traded BTC I'm just hoarder holder

What is paper wallet(heard about it before but never investigated further) ?

Thank you

You can generate paper wallets here - https://www.bitaddress.org. Clean your computer and make sure it is not compromised by a key logger and its like. Create your new wallet, send the coins to your paper wallet address, print it out, delete the file and close the browser. Keep the paper safe. I advice making an extra copy and storing them in different locations.

[freebutcaged]

What is it with you people and this imaginary 1st of Aug fork?

When will any of you learn?

It's not a hard fork, it's an user activated soft fork, those little eyes pricks are bluffing for this same reason> make you panic and when people panic they

Will do stupid things such as selling their old stash, you just save address with it's key and go to another star system and come back, you'll find your coins

In the same condition as before you left this planet.

[Minecache]

What is it with you people and this imaginary 1st of Aug fork?

When will any of you learn?

It's not a hard fork, it's an user activated soft fork, those little eyes pricks are bluffing for this same reason> make you panic and when people panic they

Will do stupid things such as selling their old stash, you just save address with it's key and go to another star system and come back, you'll find your coins

In the same condition as before you left this planet.

I don't know but I think that the original poster needs to calm down a bit.