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Author Topic: Electrum problem  (Read 279 times)
pogona
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August 05, 2022, 08:58:26 AM
Merited by OmegaStarScream (3)
 #1

Hi people,

I am a verry big noob when it comes to bitcoin.
So i bouht some bitcoin, an startet a wallen named wallet_1.
Dropped al my coin to a specifi address on that wallet and worked, al my ballance was theren.
Then i noticed the wallet was read-only for some kind of reason so accidentally  deleted the adress....
Now what?

Blokchain says:

This address has transacted 5 times on the Bitcoin blockchain. It has received a total of 0.00670692 BTC ($154.98) and has sent a total of 0.00111431 BTC ($25.75). The current value of this address is 0.00559261 BTC ($129.23)

How can i retreive them?

Thanks in advance
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ranochigo
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August 05, 2022, 09:00:08 AM
 #2

It should not become a watch-only wallet without the user doing something to it.

How did you create the wallet? Do you remember having to type in your address into Electrum or were you given a 12 word phrase?

OmegaStarScream
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August 05, 2022, 09:00:22 AM
 #3

Did you create a standard wallet where you were given a seed, or did you just import your addresses from somewhere else? If the latter, then there's no way to retrieve your funds sadly, not from Electrum anyway.

Charles-Tim
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August 05, 2022, 09:04:28 AM
 #4

You are having a watch-only wallet because you import the master public key or the addresses. To spend your coin, import your seed phrase or private key instead.

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pogona
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August 05, 2022, 09:09:43 AM
 #5

Did you create a standard wallet where you were given a seed, or did you just import your addresses from somewhere else? If the latter, then there's no way to retrieve your funds sadly, not from Electrum anyway.
Id did receive the seed an saved them, but when loaded its doesnt load my bct
OmegaStarScream
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August 05, 2022, 09:13:09 AM
 #6

Id did receive the seed an saved them, but when loaded its doesnt load my bct

Okay so you restored the wallet using the seed, and you still can't see the bitcoin you have. But can you see the address you used for receiving funds in your addresses tab? If not, then you must've imported it from somewhere else.

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August 05, 2022, 09:21:59 AM
 #7

It has received a total of 0.00670692 BTC ($154.98) and has sent a total of 0.00111431 BTC ($25.75).
Are you the one who sent this 1.11431 mBTC (last year)? I'm using the units Electrum uses.

Id did receive the seed an saved them
Did you receive the seed from someone else, or did you create it in Electrum by yourself?

Charles-Tim
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August 05, 2022, 09:26:04 AM
 #8

Id did receive the seed an saved them, but when loaded its doesnt load my bct
Is the seed 12 to 24 words?

Or started from 1, 3 or bc1? These are bitcoin addresses and if you import it on Electrum, it will create you a watch-only wallet. You can not spend from watch-only wallet.

What character starts what you import on Electrum? Just the first character, not all. Or are they 12 to 24 words?

.BEST..CHANGE.███████████████
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nc50lc
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August 05, 2022, 10:59:06 AM
 #9

Id did receive the seed an saved them, but when loaded its doesnt load my bct
So i bouht some bitcoin, an startet a wallen named wallet_1.
"wallet_1" is the default wallet name of the second wallet that you've created, perhaps that seed phrase is only for the first wallet "default_wallet".
The question is, where did "wallet_1" came from?

Then i noticed the wallet was read-only for some kind of reason so accidentally  deleted the adress....
An address can't be deleted even from an imported wallet.
And the only reason that a wallet is labeled "watching-only" is if it's created by importing address(es) or 'master public key'.

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August 05, 2022, 11:10:18 AM
 #10

It looks like we're missing part of the story here...
@OP, the usual (normal) workflow of creating and funding an electrum wallet should go like this:

  • Download the wallet software from electrum.org
  • Verify the signature of the wallet software
  • starting the wallet software for the first time should take you into the wizard that allows you to create a new wallet automatically
  • in the wizard => chose a name for your new wallet
  • in the wizard => option "standard wallet" should be chosen in your case.. (at least, i don't think you have a hardware wallet, and 2FA costs money per transaction)
  • in the wizard => option "create a new seed"
  • in the wizard => you should have written down the seed on a sturdy piece of paper, defenatly not in the cloud
  • in the wizard => you should have confirmed your seed
  • in the wizard => you should have chosen a strong password
  • now your wallet should have opened

Can you confirm that this is what you did? If you deviated from this list, could you tell us what you did different?
A "normal" wallet can not become a "watch only wallet" just like that... And a watch only wallet cannot be converted into a normal wallet... Something must have happened...

pogona
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August 05, 2022, 08:51:01 PM
 #11

Id did receive the seed an saved them, but when loaded its doesnt load my bct

Okay so you restored the wallet using the seed, and you still can't see the bitcoin you have. But can you see the address you used for receiving funds in your addresses tab? If not, then you must've imported it from somewhere else.

how can i check?
hosseinimr93
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August 05, 2022, 09:00:06 PM
 #12

how can i check?
You can see all your addresses in "Addresses" tab. (If you don't see "Addresses" tab, click on "View" and then select "Show addresses".

OP, it's still unclear how you created your wallet. The wallet can't become watch-only suddenly and it's impossible to create a watch-only wallet by importing a seed phrase.
And please answer the question asked by LoyceV, above. Did you generate the seed phrase by yourself?

pogona
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August 06, 2022, 12:08:19 AM
Last edit: August 06, 2022, 10:03:36 AM by mprep
 #13

You are having a watch-only wallet because you import the master public key or the addresses. To spend your coin, import your seed phrase or private key instead.
Sounds right.
However, i dont remember the adress...




how can i check?
You can see all your addresses in "Addresses" tab. (If you don't see "Addresses" tab, click on "View" and then select "Show addresses".

OP, it's still unclear how you created your wallet. The wallet can't become watch-only suddenly and it's impossible to create a watch-only wallet by importing a seed phrase.
And please answer the question asked by LoyceV, above. Did you generate the seed phrase by yourself?


i did not, just removed the wallet because i thought it useless...



Id did receive the seed an saved them, but when loaded its doesnt load my bct
Is the seed 12 to 24 words?

Or started from 1, 3 or bc1? These are bitcoin addresses and if you import it on Electrum, it will create you a watch-only wallet. You can not spend from watch-only wallet.

What character starts what you import on Electrum? Just the first character, not all. Or are they 12 to 24 words?
12 words and my adress begind with 1 (17KZyipZidggyoTfjdWG4QePxbKzdNEhLk)


[moderator's note: consecutive posts merged]
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August 06, 2022, 05:00:28 AM
 #14

Since *you* deleted the address from the wallet and not the software itself, you should be able to restore it by creating a new wallet via "restoring the seed phrase".

pogona
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August 06, 2022, 06:00:44 AM
 #15

Okay just imported the addresses i found in block chain.
Coins are back.
Now it's read-only how send them to another adress?
Charles-Tim
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August 06, 2022, 06:31:16 AM
 #16

Okay just imported the addresses I found in the blockchain
Coins are back.
NOW it's read-only how send them to another address?
As has been explained above, you can not spend from the watch-only wallet. You have to import the 12-word seed phrase. Create a 'standard wallet' by clicking on the standard wallet and importing your electrum wallet seed phrase, instead of importing the address you can not spend from as it is a watch-only wallet. If you import the seed phrase and you see zero balance, that means you do not have the seed phrase of that wallet.

.BEST..CHANGE.███████████████
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LoyceV
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August 06, 2022, 07:53:20 AM
 #17

"wallet_1" is the default wallet name of the second wallet that you've created, perhaps that seed phrase is only for the first wallet "default_wallet".
This makes sense.

Did you generate the seed phrase by yourself?
i did not
I'm not sure if you misunderstood the question: if you didn't generate the seed phrase, who did?

Quote
just removed the wallet because i thought it useless...
If you don't have the seed phrase, your only other chance to regain access to your Bitcoins is if you can recover the wallet from your computer. You'll need recovery software for that, and the more your use your hard drive, the smaller the chance of finding it back.

Lucius
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August 06, 2022, 10:01:14 AM
 #18

The OP admitted that he did not create the wallet with the seed, so to me this all seems like that classic scam in which someone bought Bitcoin, but in fact he bought an address that shows him the balance in a watch-only wallet. I think that there are a lot of Bitcoin owners who think they own it, but only when they want to spend it do they realize that something is wrong.

pogona
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August 06, 2022, 11:18:00 AM
 #19

The OP admitted that he did not create the wallet with the seed, so to me this all seems like that classic scam in which someone bought Bitcoin, but in fact he bought an address that shows him the balance in a watch-only wallet. I think that there are a lot of Bitcoin owners who think they own it, but only when they want to spend it do they realize that something is wrong.

That's a bold statement.
I bought it from a leading  company.
I'll share your 2 cents, see what they have too say
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August 06, 2022, 12:43:20 PM
 #20

That's a bold statement.
I bought it from a leading  company.
I'll share your 2 cents, see what they have too say

You bought something that you obviously don't understand, because otherwise this situation wouldn't have happened to you. Your public address by itself means nothing, in order to be able to control the Bitcoin you bought, you need to have a private key from that address - and you stated that you did not generate the seed (Electrum), so I ask a logical question - did you buy Bitcoin, or did you buy a Bitcoin address?

As for the "leading company", even if it is legitimate, their responsibility for what they sold you ends once the Bitcoin is in your (non-custodial) wallet.

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