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Author Topic: Question about bip32 seed  (Read 353 times)
Coin-Keeper
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July 13, 2021, 07:56:17 PM
Merited by pooya87 (2)
 #21

Another thing which wasn't mentioned above.  Even if Electrum disappeared from the internet you will always be able to download/find signed and verified Electrum versions, which will allow you to convert your SEED to something useable.

e.g. Using Electrum offline (air gap for safety) you can build a wallet easily from SEED.  Now you can open that air gap wallet and get the full PRIVATE key for any address you want to work with.  Once you have the full private key to any address you can literally move the coins using too many methods to comprehensively mention here.  No fears at all!!

BTC: 1PYSBbuKM3kW19xe9TXJQfq64rPhd8XorF
Staked and Verified: https://bitcointalk.org/index.php?topic=996318.msg17102755#msg17102755
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July 14, 2021, 02:43:05 AM
 #22

e.g. Using Electrum offline (air gap for safety) you can build a wallet easily from SEED.  Now you can open that air gap wallet and get the full PRIVATE key for any address you want to work with.  Once you have the full private key to any address you can literally move the coins using too many methods to comprehensively mention here.  No fears at all!!
An easier method (specially if you have a lot of used addresses) is to first recover the wallet from the seed phrase then go to the console and enter "getmasterprivate()" to get the master private key (xprv) with a quick search you can find the derivation path and you already know your address type.
This master key can be used in any other deterministic wallet to get the same addresses since there is no mnemonic to BIP32 seed conversion method that is specific to Electrum anymore.

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o_e_l_e_o
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July 14, 2021, 08:13:10 AM
 #23

Why do either of those and expose yourself to the risk of handling your raw private keys, potentially restoring them to a hot wallet, and therefore potentially exposing them to the internet and external attacks.

If you have Electrum running as an airgapped cold wallet, then better to just export the addresses you're interested in or your master public key, use something like coinb.in to create an unsigned transaction, and move it to your airgapped wallet to sign it.
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July 16, 2021, 09:16:25 PM
 #24

All of these last few posts are simply a method of making newer users "comfortable"  knowing that should Electrum disappear (and I am betting it never will) their coins will not be stuck in the blockchain.  It takes a while for new users to realize that there are not Electrum coins or Trezor coins, or whatever.  Once they spend some time reading and learning they will figure out how easy it is to move coins many different ways.

BTC: 1PYSBbuKM3kW19xe9TXJQfq64rPhd8XorF
Staked and Verified: https://bitcointalk.org/index.php?topic=996318.msg17102755#msg17102755
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