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Author Topic: How to redeem Casascius using Electrum  (Read 660 times)
Pmalek
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May 07, 2022, 08:50:17 AM
 #61

I have done a transfer from Electrum to an Exchange.

However, it puts "Unconfirmed".
I guess it's because I haven't put enough but someone can explain what I have to do here ?
An unconfirmed status means that the transaction has been successfully broadcasted and it will now find it's way to the different mempools where it will wait to be picked up by miners and included into a block. This is true both for transactions paying 1 sat/vByte and 1000 sat/vByte for mining fees. Bitcoin transactions are not instant (in terms of confirmations) and your transactions can't get its first confirmation at least until the next block is mined. So don't worry about the unconfirmed status.

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Kakmakr
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May 13, 2022, 09:58:31 AM
 #62

Is there an alternative to Electrum ? Is it possible by example to use a wallet that is validated by the appstore ? By example, I have seen Trust Wallet but maybe there are other best alternative ?
You can never be absolutely sure, being "validated" by a company doesn't mean there can't be bugs in it or malware on your system.
There are many alternatives, but Electrum is often recommended. It also comes preinstalled on Tails, which makes offline signing much easier.

The thing is... Electrum comes pre-installed with Tails, but it is not the latest version. So if you update Tails on a "Persistent Volume" to the latest version of Electrum, then you effectively void the benefit of having a clean boot every time you use that "Persistent Volume"? (Asking, because I do not know)

I have swept many coins from Paper wallets to Electrum without any problems..... but I guess I have just been lucky. I am still looking for a program that can encrypt a "Private Key" offline and then when it goes online.... that program decrypt it and sweep the keys.  Roll Eyes

After I sweep a key... I quickly transfer the coins to another Bitcoin address.... because I am just paranoid.  Roll Eyes

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LoyceV
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May 13, 2022, 10:48:43 AM
 #63

The thing is... Electrum comes pre-installed with Tails, but it is not the latest version. So if you update Tails on a "Persistent Volume" to the latest version of Electrum, then you effectively void the benefit of having a clean boot every time you use that "Persistent Volume"?
To keep the private keys offline, it doesn't matter if you update Electrum before entering your seed phrase. But you'll have to make absolutely sure the system stays offline until you turn it off. A physical network cable is obvious, Wifi needs more attention. Note that creating seed words on a system that has been online could mean the seed is compromised already.

You probably don't have to update Electrum each time: a slightly different version number is okay for signing transactions.

Quote
I have swept many coins from Paper wallets to Electrum without any problems..... but I guess I have just been lucky.
Think of it as seed seat belts: I've used them many times, but never needed them. But I keep using them, for the one time they'll save me.

Quote
I am still looking for a program that can encrypt a "Private Key" offline and then when it goes online.... that program decrypt it and sweep the keys.  Roll Eyes
How about BIP38 encryption? Bitaddress encrypt and decrypt this (offline). No need to sweep the funds online, you can still sign offline.
If you use this, make sure to test recovering your private key before funding your address!

Quote
After I sweep a key... I quickly transfer the coins to another Bitcoin address.... because I am just paranoid.  Roll Eyes
If there's malware, you'll be too late.

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