How to use electrum bitcoin wallet
The guide teaches users how to transfer their coins to Electrum bitcoin wallet, which has lower security but a faster startup time. It's a somewhat common situation that users don't open their wallet for months or years, after which they come back to find it will take them hours to have be able to use Bitcoin Core.
Another example is where the block files on hard disk have become corrupted requiring parts of the blockchain to be downloaded and verified again.
Before reading this page, users should note that directly manipulating ECDSA private keys is dangerous and can result in losing bitcoins [1] [2]. This guide is for the impatient or time-stressed, it is recommended that users of Bitcoin Core simply wait out the blockchain synchronization.
There are many benefits to running a Full node including trustlessness, security and privacy which lightweight wallets cannot match. Download Electrum , verify the signature to prove it was not modified in transit. Create a new normal wallet not watch-only! Write down the mnemonic recovery seed on paper.
Use the dumpprivkey command to get the private key. Repeat for as many bitcoin addresses as have money in them. Another example is where the block files on hard disk have become corrupted requiring parts of the blockchain to be downloaded and verified again. Before reading this page, users should note that directly manipulating ECDSA private keys is dangerous and can result in losing bitcoins [1] [2]. This guide is for the impatient or time-stressed, it is recommended that users of Bitcoin Core simply wait out the blockchain synchronization.
There are many benefits to running a Full node including trustlessness, security and privacy which lightweight wallets cannot match. Download Electrum , verify the signature to prove it was not modified in transit. Create a new normal wallet not watch-only! Write down the mnemonic recovery seed on paper. Use the dumpprivkey command to get the private key. Repeat for as many bitcoin addresses as have money in them.
Paste the private keys from Bitcoin-Qt here. Check the resulting transaction is okay and click Broadcast to sweep from the addresses in Bitcoin Core to the Electrum wallet.