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Author Topic: Electrum knows my seeds?  (Read 226 times)
gishab56
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August 07, 2017, 12:50:57 AM
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hello

3 months ago, i made a Electrum wallet and let it to make my seeds itself from default option. Should i made another wallet with my words? Is my bitcoin safe?

Is it possible electerum sends seeds to a certain server for the DeveloperS?
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TryNinja
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August 07, 2017, 01:00:40 AM
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3 months ago, i made a Electrum wallet and let it to make my seeds itself from default option. Should i made another wallet with my words? Is my bitcoin safe?

Is it possible electerum sends seeds to a certain server for the DeveloperS?
No. The way Electrum generates your seed is 100% safe and no one other than you will be able to see it.

You also shouldn't "create a seed" by your own. This is called a "brain wallet" and it can be way dangerous than a normal one generated by the software.

"Brain Wallets Are Not Secure and ‘No One Should Use Them,’ Says Study"
https://news.bitcoin.com/brain-wallets-not-secure-no-one-use-says-study/

kolloh
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August 07, 2017, 01:52:53 AM
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Yep, the seed is safe within Electrum so you don't need to worry about that. Just be sure that you encrypt your wallet with a password so it isn't stored in plaintext on the computer.

For the best level of security, a hardware wallet used with Electrum is your best option. The seed isn't visible to Electrum in this case as it is stored on the hardware device.
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August 07, 2017, 07:06:57 PM
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Great answer above this post.  BTW -  If you have had an Electrum wallet with unencrypted SEED online for 3 months I would suggest a new wallet.  It might be that your coin count is somewhat low and an adversary could just wait until you place a sizeable coin count on the "ledgers".  Sounds a little "tin foil hat-ish" but I have seen some crap over the years.  I don't like any wallet with keys online (my take on all this), and prefer either a cold wallet two computer approach or a hardware wallet.  BTC is over 3K now!

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