This seed allows an exchange to be fully recovered, which also means that only this information is sufficient to move or just steal all the deposited bitcoin of this exchange on the blockchain.Įlectrum generates a seed of 12 words from a list of 2048 english words. In the next step, we opt for the option to create a "New Seed".
You can give the wallet any name you want, then press "Next" and select the option "Standard wallet". To do this, open the program and create a new standard wallet. The first step is to create a new wallet with Electrum on your offline system. Create Electrum standard wallet in offline system
Electrum seed manual#
On TAILS, Electrum is pre-installed by default, so you don't need to do any manual installation here.Ģ. After booting you should make sure that network connections are disabled. Detailed instructions for the TAILS installation can be found here. You can copy the live operating system to a USB stick and boot it from any computer. If you want to be absolutely sure that your offline PC is not infected by a keylogger or trojan that spies on you when you create the wallet, we recommend using a live operating system, such as TAILS. To verify the authenticity of the software, you can optionally verify the signature of the installation file with Kleopatra.
Electrum seed install#
You can download the program using your online PC here, transfer the installation file to your offline PC using a USB stick and install it there. Option 1: Offline PCįirst, the latest version of Electrum must be installed on the offline system. (1x Seedor Starter Set - for a standard back-up 😊)Īs an offline system, you can use a PC that is used exclusively offline or set up a temporary live operating system using the TAILS software.1x PC or cell phone with internet connection (online system).1x offline PC (alternatively via Tails).However, it is also possible to create a secure Bitcoin cold storage without using a hardware wallet using the open-source software Electrum. Private keys are stored exclusively on the hardware wallet and used to sign transactions. Hardware wallets such as Bitbox, Ledger, Trezor , oder Coldcard are a very user-friendly option for creating a cold storage. Bitcoin cold storage is therefore particularly suitable for storing larger amounts that you want to secure for a longer period of time and do not want to move.
This prevents unauthorized access to the Bitcoin through hacker attacks or viruses or malware in the system. With cold storage, the private keys are stored offline and never come into direct contact with the Internet. Cold Storage is considered one of the most secure storage methods for Bitcoin.
0 kommentar(er)
