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Author Topic: MULTIBIT CLASSIC HELPPPP  (Read 565 times)
mikemstanley (OP)
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November 02, 2017, 05:07:38 PM
 #1

Hey, i need help with exporting my private key from multibit classic to electrum. I havent touched my btc for years and having checked it recently i am now aware that multibit is no longer supported. https://www.youtube.com/watch?v=LaijbTcxsv8   They provide this video on how to export the private key but they say not to password protect it? Is it safe to do it like this ? as im not sure why they dont say you should password protect the private key? would appreciate your help!
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November 03, 2017, 12:40:50 PM
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If you password protect the export file... It will be encrypted with AES256 encryption and you won't be able to open it with a text editor to copy/paste your keys into Electrum... In fact, nothing will be able to read that export file except a decryption app like OpenSSL.

You certainly won't be able to import the encrypted file into any known crypto wallet.

Exporting your private keys is not entirely without risk. It would be advisable to disconnect all networks and do what you can to make sure your PC is free from viruses/Trojans/malware etc. before exporting...

Maybe even consider using a Linux Live CD and the Linux version of MBC with your MBC wallet to lower the odds of the keys being stolen, if your main OS might be compromised?

Personally, I'd also recommend that you "sweep" the keys rather than import... Yes, it'll cost a transaction fee, but it'll put your coins into a new wallet with unexposed private keys and with the added backup protection of the 12 word seed!

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