How to transfer btc from one Electrum wallet to another

[pinkpajama99]

I want to move my BTC in electrum to a different wallet in electrum.  On Coinbase it just lets you transfer but I don't see this option.

I'm doing this because I'm trying to get the BCC I got with the fork in my wallet and I read I have to move btc to a new wallet with a new seed and then somehow (I'm not sure) move the BCC to the original bitcoin.

I did read in one place that to get BCC I should move all my BTC off my computer, or use another computer which I don't have access to.  But I saw another article by the same place that just moving them will work, vs them being stolen.

Anyway help with either or both problems?

https://electrum.org/bcc.txt


https://www.electroncash.org/    This is electron. SAFE one to use    But you need a 2nd computer.  Android.

https://electrum.org/bcc2.txt

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[TryNinja]

It's not mandatory. I myself did everything in the same computer and didn't lose anything. Some people don't trust the Electron Cash, so they prefer to use a device isolated from their private keys. If you are too paranoid, you can use a different PC or at least use a Virtual Machine.

And yes, it's better if you split your coins between two addresses, one with BCH and another with BTC.

[HCP]

In Electrum:

1. Make sure you have the "old" seed for the wallet that contained your BTC on Aug 1st when the fork happened. (Wallet -> Seed), you need this later.
2. Select "File -> New/Restore -> Standard Wallet -> give the wallet a new/different name -> Create a new seed".
3. Write this seed down, it is going to be your NEW BTC wallet <-- VERY IMPORTANT!
4. Finish the seed confirmation process and wait for Electrum to finish creating your new wallet.
5. Get a "receive" address from this new wallet.
6. From your "old" BTC wallet, send all your BTC to the receive address from the new wallet.
7. Once you have confirmed all your BTC has been safely transferred to the new wallet, you can move onto getting the BCH


Getting BCH in ElectronCash:

8. Install ElectronCash from here: www.electroncash.org
9. Create a new wallet in ElectronCash using your OLD Electrum seed from Step #1 above. "Standard Wallet -> I already have a seed". You should see your "old" BTC addresses but with BCH balance.
10. Do whatever you want with your BCH, send it to an exchange, keep it, sell it, send it to me etc

[vladman]

In Electrum:

6. From your "old" BTC wallet, send all your BTC to the receive address from the new wallet.

Hi, sorry to revive this slightly old topic, just regarding step 6. is this transfer fee-free?

Many thanks!

[TryNinja]

In Electrum:

6. From your "old" BTC wallet, send all your BTC to the receive address from the new wallet.

Hi, sorry to revive this slightly old topic, just regarding step 6. is this transfer fee-free?

Many thanks!

It's a normal on-chain transaction after all, so it requires a fee.

[vladman]

It's a normal on-chain transaction after all, so it requires a fee.

Thank you! I've been wondering about this for a while, is there any way of avoiding transfer fees, when doing stuff like this, and effectively moving your own coins between different (or even the same, as in this case, Electrum-to-Electrum) wallets?

[HCP]

If you are moving Bitcoin from one address to another, it can only be achieved using an "on-chain" transaction... And therefore will require a transaction fee.

You can of course "import" private keys, to get access to coins from a different wallet, but this does not move them.

[vladman]

Thank you all.

[jerry0]

It's not mandatory. I myself did everything in the same computer and didn't lose anything. Some people don't trust the Electron Cash, so they prefer to use a device isolated from their private keys. If you are too paranoid, you can use a different PC or at least use a Virtual Machine.

And yes, it's better if you split your coins between two addresses, one with BCH and another with BTC.

So you claimed your bitcoin cash on the same computer?  Did you move your btc from your original electrum wallet to a different electrum wallet before you did this?


I haven't read much people who did this on the same computer.

[TryNinja]

So you claimed your bitcoin cash on the same computer?

Yes.

Did you move your btc from your original electrum wallet to a different electrum wallet before you did this?

No. I just imported my Electrum wallet in Electron Cash and sent my BCH to Bittrex. I've been using the same address to receive/send Bitcoins since then.

[jerry0]

Hi there so just to make sure of this, once you did this, you got bch on your electron cash.  You then sent that bch to bittrex.  Did you then delete electron cash from your computer or you still have it there?  Did you sold all your bch for usd or something else on bittrex?


So basically you did every step as the steps mentioned except you did all this on the same computer etc?  How many other people have done this?  I would have thought you would at least moved from bitcoin to another address on electrum before you downloaded electron cash on your computer.

[HCP]

I forget if I moved my BTC first... I think I sent it to a hardware wallet first... then I just copied the Electrum wallet over to ElectronCash and sent the BCH to my hardware wallet. Copying the wallet file is maybe a little safer than typing your seed in... it avoids keyloggers capturing your wallet seed.

I did something simliar with Bitcoin Core and Bitcoin ABC... Transferred BTC first, then loaded wallet up in ABC and transferred BCH out.

It was all done on the same computer.

[TryNinja]

Hi there so just to make sure of this, once you did this, you got bch on your electron cash.  You then sent that bch to bittrex.  Did you then delete electron cash from your computer or you still have it there?  Did you sold all your bch for usd or something else on bittrex?

After sending my BCH to Bittrex, I sold it all for Bitcoin and moved them to the same address where I took the BCH from. And yes, I kept Electron Cash (still have it installed).

So basically you did every step as the steps mentioned except you did all this on the same computer etc?  How many other people have done this?  I would have thought you would at least moved from bitcoin to another address on electrum before you downloaded electron cash on your computer.

As I said in a previous post, it's not mandatory. Bitcoin Cash has replay protection and I trust Electron Cash to not steal my coins. Of course, if you want to be 10000% safe, there is no problems on moving your Bitcoins to a different wallet before importing your old wallet in Electron Cash.

[jerry0]

Hi there thanks for the response.  Do you have any plans to buy anymore bitcoin cash or not?

Also im curious but for your electrum wallet where you use bitcoin, do you use the same address for all your transactions?  Or do you only use one once and then use another etc?


And has anyone here besides tryninja did this on the same computer?  Because i do not have another computer and i do want to claim my bitcoin cash but haven't done so.

[jerry0]

What would the safest way to do this on the same computer?  First send all the btc to a different electrum wallet address?  And by that, i mean a new address where it has a new 12 word phrase etc? Then send all the btc there?  Then download eletroncash, put the old electrum 12 word phrase there... then claim the bitcoin cash.  Then sell it on bittrex for bitcoin or usd or any other coin... and then use the new electrum address from here on out and make sure to write that new 12 word phrase down?


The other thing i thought would be sending all the btc to blockchain and then just creating a new electrum address with a new 12 word phrase after claiming the bitcoin cash.  Thoughts on this?


Also how much are the fees to send btc now?  I recalled back then it was very cheap, then it cost a few dollars... is it a lot more now?

[TryNinja]

Hi there thanks for the response.  Do you have any plans to buy anymore bitcoin cash or not?

No.

Also im curious but for your electrum wallet where you use bitcoin, do you use the same address for all your transactions?  Or do you only use one once and then use another etc?

I have a staked address that I use publicly to receive my signature campaign payments and other payments, and a HD cold-storage wallet (multiple addresses derived from a seed) where I keep most of my holdings safe;

What would the safest way to do this on the same computer?  First send all the btc to a different electrum wallet address?  And by that, i mean a new address where it has a new 12 word phrase etc? Then send all the btc there?  Then download eletroncash, put the old electrum 12 word phrase there... then claim the bitcoin cash.  Then sell it on bittrex for bitcoin or usd or any other coin... and then use the new electrum address from here on out and make sure to write that new 12 word phrase down?

Yes. That's exactly what I recommend you to do.

The other thing i thought would be sending all the btc to blockchain and then just creating a new electrum address with a new 12 word phrase after claiming the bitcoin cash.  Thoughts on this?

Do you mean sending your coins to a Blockchain wallet temporarily, claiming your BCH and then move your coins from the Blockchain wallet o a new Electrum wallet? You can do that aswell.

Also how much are the fees to send btc now?  I recalled back then it was very cheap, then it cost a few dollars... is it a lot more now?

I suggest you to always check https://blockchain.info/unconfirmed-transactions and see if the Bitcoin network is congested. Right now, there are ~40k unconfirmed transactions, so you can easily choose a low fee (20~80 sat/byte) and use a transaction accelerator such as Antpool's free accelerator[1] for faster confirmation. I do that all the time and I always see my transaction getting confirmed in the same day.

[1] https://www.antpool.com/user/prioritiseTransaction.htm?m=savePrioritiseTx

[jerry0]

Hi thanks for your response.


Yes i meant sending coins to blockchain temporarily.  Then download electron cash.  Put the 12 word phrase on electron cash... claim bitcoin cash.  But after this step, should i immediately sell it on bittrex for bitcoin or usd or another coin?  Then once i do that, i have btc or usd or another coin on bittrex.  Then i create a new electrum address where it has a new 12 word phrase.  Then i send the btc from blockchain to that address.  Then i send the btc from bittrex to the new electrum address.  If i do it this way, is it 100 percent safe since i no longer would be using the old electrum with the 12 word phrase?


By the way where are you located from that you use bittrex?  And do you use bittrex a lot such as daytrading?  Or you only use it very little such as claiming your bitcoin cash and probably just buy and sell very little?  I have not used bittrex yet but i did create an account.

[HCP]

Yes i meant sending coins to blockchain temporarily.  Then download electron cash.  Put the 12 word phrase on electron cash... claim bitcoin cash.  But after this step, should i immediately sell it on bittrex for bitcoin or usd or another coin?  Then once i do that, i have btc or usd or another coin on bittrex.  Then i create a new electrum address where it has a new 12 word phrase.  Then i send the btc from blockchain to that address.  Then i send the btc from bittrex to the new electrum address.  If i do it this way, is it 100 percent safe since i no longer would be using the old electrum with the 12 word phrase?

Why would you send it to a b.info wallet first? You're just going to end up with an extra transaction, which means ANOTHER fee + probability that b.info screws up your transaction with a stupid low fee and it gets stuck Additionally, I don't think b.info allows for RBF? But that may have changed since I last used it.

If you're going to end up using Electrum anyway, why not just create the "new" wallet with new seed... then send your BTC straight there? You realise you can have multiple wallets with Electrum at the same time right? You can even have them open at the same time

As for selling or hodling your BCH... well, that's up to you... if you think BCH is going to drop, probably better to sell... it you think it is going to rise, maybe hodl... if you think it's going to hold steady at current values, then you don't have to do anything

What it is actually going to do? well... no-one really knows... it's basically just a guessing game

[jerry0]

Well i figure i need a place to hold my bitcoin in case something happens to my electrum.  What is rbf?

Okay so when i create a new wallet with new seed with electrum, aren't i still going to have to pay a transaction fee though to get my btc to that new one like with blockchain?  Yes i heard you can have multiple wallets on electrum but i never tried this.  So if anything happens with the old wallet, then there is no issue because the btc would be moved to the new electrum wallet right? 

[HCP]

Well i figure i need a place to hold my bitcoin in case something happens to my electrum.  What is rbf?

"Replace-By-Fee"... it is a system that lets you increase the fee on a transaction after it has been sent... useful if you send with a fee that is too low and your transaction doesn't confirm for a while.

Okay so when i create a new wallet with new seed with electrum, aren't i still going to have to pay a transaction fee though to get my btc to that new one like with blockchain? 

Yes... but Old Electrum -> New Electrum = Transaction fee... whereas Old Electrum -> B.info -> New Electrum = TWO transaction fee's

Yes i heard you can have multiple wallets on electrum but i never tried this.  So if anything happens with the old wallet, then there is no issue because the btc would be moved to the new electrum wallet right? 

Yes... the whole point is to move the BTC onto new private keys that are completely separate from the current ones... so if the current ones are compromised (seed or wallet+password is leaked by putting seed/private keys into fake wallet software or whatever etc), then your BTC is nice and safe because it is already sitting on a new wallet with different private keys/seed