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Author Topic: Importing trustwallet to Electrum advisable?  (Read 287 times)
o_e_l_e_o
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May 01, 2023, 07:46:20 AM
 #21

You cannot import ETH or "smart-chain" tokens into Electrum.  If you own any such assets you'll have to use other wallets for those tokens.
This is a good thing. You don't want to risk your valuable assets (bitcoin) in a wallet which is filled with junk code and other trash in order to support worthless shitcoins, and you certainly don't want to have valuable assets in a hot wallet that you are using to link to poorly written smart contracts, shady exchanges, and the like. Use a good open source wallet for your bitcoin, and keep your shitcoins somewhere else.

There is a new multi-coin that you may want to look into: Unstoppable.money.
Unstoppable is a reasonable choice. Note, however, that although almost all previous versions have been reproducible from the source code provided, the most recent version is not. This is unlikely to be a major concern, but it is worth noting. See https://walletscrutiny.com/android/io.horizontalsystems.bankwallet/ for more details (and click on "Show Older Reviews").
MainIbem (OP)
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May 03, 2023, 02:55:04 PM
 #22

Well I wouldn't have uploaded this here but at some point was getting confused and keep trying over and over before I got it right..



In this steps 1 I actually select import bitcoin address or private keys but on getting there I was lost I couldn't continue, I was only seeing it as a watch wallet meaning I can't do my transfer which I was hoping on all the reply's maybe someone would have mentioned it for me to process it. Usually I have never use this wallet before nd is just like learning a new thing from square 1.



After I clicked there that was when I saw the import options and then another thing holding me again, pasting seed phrase the next wasn't active..
I then have rush down this thread again to read some reply from few users and I saw where @OmegaStarScream said BIP39

1. Yes you can do that. Make sure to select BIP39 when importing the seed.
Then I quickly run back to click it. Thank you sir!





Here is when I have another challenge since non mentioned this for, so I was doing trial by error and finally I clicked on the native segwit then lastly below was the results I saw and my transactions shows up.
 


Reason I posted it back here for me to confirm from you guys if actually I did the right thing?
I know is very easy for you guys buh for me as someone who is trying to explore new wallet is a bit not clear for me so I have to post here for confirmation and as well to say thank you all at least I have learnt new thing @OmegaStarScream @Charles-Tim @khaled0111 @BitMaxz @BitcoinGirl.Club @o_e_l_e_o @DireWolfM14. Please confirm if is the right importation of wallet or is there any mistake I have made?

I wait for your feedback sir.
Although I didn't start the whole process from the first day, was little busy so just decided to carry out the importation today.

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hosseinimr93
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May 03, 2023, 03:34:59 PM
Last edit: May 03, 2023, 03:50:37 PM by hosseinimr93
 #23

Please confirm if is the right importation of wallet or is there any mistake I have made?
As transactions are shown in history tab, you have imported the wallet to electrum successfully.
Just note that as already mentioned, it would be better to create a new wallet and send all the fund to that. With importing your wallet from trustwallet to electrum, you don't make your wallet more secure.

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Z-tight
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May 03, 2023, 05:10:17 PM
Last edit: May 03, 2023, 05:27:48 PM by Z-tight
 #24

Please confirm if is the right importation of wallet or is there any mistake I have made?
Yes, your importation was done correctly, so it is now time to do away with the seed phrase and all associated with Trustwallet, by creating another wallet on Electrum with a new seed phrase and send all your funds into it.

It is easy to do so, just click create wallet->enter wallet name since it isn't the default wallet->standard wallet->create new seed, then you make two backups of your seed phrase and store it safely, once you have created this wallet, you can take any of the receiving address and send all your funds associated with Trust Wallet seed into it.

Electrum is open source and recommended, but it isn't just safe in and of itself, the user has to practice necessary operational security, so if your funds are big, generate your electrum seed phrase and keys on an air-gapped device and use another one for watching only. Even if you'll use electrum on an online device for small funds, you still have to be careful with links you click, websites you visit, etc.

DireWolfM14
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May 03, 2023, 05:20:46 PM
 #25

Here is when I have another challenge since non mentioned this for, so I was doing trial by error and finally I clicked on the native segwit then lastly below was the results I saw and my transactions shows up.

~

Reason I posted it back here for me to confirm from you guys if actually I did the right thing?

Yeah, the legacy/nested segwit/segwit address types can indeed create confusion, sorry I didn't think to mention it.  As long as you can see your transactions then you can rest assured that you imported the seed correctly.  It doesn't sound like you had multiple bitcoin accounts in your TrustWallet, so you don't have to worry about custom derivation paths.

I'm in agreement with hosseinimr93; importing the existing seed phrase into a new wallet client software doesn't do anything to make the seed phrase more secure.  If the seed was compromised by the old wallet, your funds are still vulnerable.  Now that you have control of the funds through your Electrum wallet, I suggest you use Electrum to create a new wallet with a new seed phrase, write the seed down on paper, make copies, secure the copies in safe places, then move your funds to the new wallet.

I want to stress again the importance of verifying your Electrum download.  Don't get complacent!  Many Electrum users have complained about being hacked in recent months.  Being that it's one of the most popular light clients for bitcoin, it's the one that most hackers attack.  

Good luck on your adventure with Electrum, it really is the best light client I've ever used.

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MainIbem (OP)
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May 03, 2023, 05:31:45 PM
Merited by DireWolfM14 (1)
 #26

Here is when I have another challenge since non mentioned this for, so I was doing trial by error and finally I clicked on the native segwit then lastly below was the results I saw and my transactions shows up.

~

Reason I posted it back here for me to confirm from you guys if actually I did the right thing?

Yeah, the legacy/nested segwit/segwit address types can indeed create confusion, sorry I didn't think to mention it.  As long as you can see your transactions then you can rest assured that you imported the seed correctly.  It doesn't sound like you had multiple bitcoin accounts in your TrustWallet, so you don't have to worry about custom derivation paths.

I'm in agreement with hosseinimr93; importing the existing seed phrase into a new wallet client software doesn't do anything to make the seed phrase more secure.  If the seed was compromised by the old wallet, your funds are still vulnerable.  Now that you have control of the funds through your Electrum wallet, I suggest you use Electrum to create a new wallet with a new seed phrase, write the seed down on paper, make copies, secure the copies in safe places, then move your funds to the new wallet.

I want to stress again the importance of verifying your Electrum download.  Don't get complacent!  Many Electrum users have complained about being hacked in recent months.  Being that it's one of the most popular light clients for bitcoin, it's the one that most hackers attack.  

Good luck on your adventure with Electrum, it really is the best light client I've ever used.

Okay..

Thank you sir, yes I understand though since I am not that too familiar with Electrum wallet I have to use the importation wallet for the main time, I have seen all the contribution and somehow I'm even scared to further use the old wallet but just as I said earlier I have to familiarize myself a bit with this new Electrum before I may finally change my mind to generate new address from the Electrum wallet.

From the rating above I believe I can now confidently import wallet to Electrum at least I have gained a new knowledge from you guys.. thank you ♥️♥️♥️

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