The history screen displays all the history of your Litecoin transactions. Navigating your Electrum Wallet (Section by Section) History Screen Electrum will generate your addresses, Once done > select nextįinally, your wallet is now ready to use!.Ensure that you select the “Encrypt wallet file” box > Select next.Choose a strong password to encrypt your wallet keys.Confirm your seed by verifying the seed > select next.We recommend you to write it down on a piece of paper and store it in a very safe place. This is nothing but your password to recover the wallet in case of certain failure. When it asks you “Do you want to create a new seed, or restore a wallet using an existing seed,” > select “Create a new seed” > Select nextĮlectrum Litecoin wallet creates a 12-word “wallet generation” seed.When it asks you “what kind of wallet do you want to create” > select “Standard wallet” > Select next.Name your wallet > select the place you want to save your wallet > Select next.When it asks you “how do you want to connect to a server” > select “Auto Connect” > Select next.Once the Electrum software finishes downloading > run the software > proceed via the installation process.The Electrum LTC software will download a.Below are the steps to follow for setting up an Electrum wallet. To get started with trading Litecoin, the initial step is to set up a Litecoin wallet. Do not download software updates from sources other than and. To prevent user exposure, versions older than 3.3 can no longer connect to public servers, and must be upgraded. Versions of Electrum and Electrum-LTC older than 3.3.3 are vulnerable to a phishing attack, where malicious servers are able to display a message asking users to download a fake version of Electrum. Please Update Your Software If You Are Running An Earlier Version. The Vulnerability Was Found In Electrum And Electrum-LTC. It Is Not An Official Product Of Electrum Technologies GmbH, Which Does Not Support It. There are two NOTICES to considerĮlectrum-LTC Is A Community-Maintained Port Of Electrum, The Bitcoin Wallet, To Litecoin. Support: Export your private keys to other Bitcoin clients. Ubiquitous: User can use the same wallet on separate systems, they synchronize it automatically. No downtimes: The Electrum Litecoin is not bound to a particular server it switches immediately if your server goes down. Broadcast them from a machine that does not hold your keys. Servers work on SSL authentication.Ĭold Storage: A Sign transaction is now possible from a system that remains offline. Low trust: Any detail received from the servers is validated using SPV. Instantly accessible on: The client does not download the blockchain, instead uses a specialized server’s network that index the blockchain. Safety: Your private keys and seed are encrypted on your hard drive. Platforms Available: Windows, Linux, Mac OS Following are some aspects of the wallet: Like its predecessor Electrum – Bitcoin wallet, the open-source wallet is available on GitHub and anyone can review or upgrade the code.Įstablished: Electrum is an open source which was initially released in November 2011. In your deterministic sequence of addresses.Įlectrum-LTC uses a gap limit to stop looking for addresses.Electrum LTC Wallet is a desktop-based cryptocurrency wallet that supports Litecoin. What is the gap limit? The gap limit is the maximum number of consecutive unused addresses On all other operating systems, it is located in ~/.electrum-ltc. On Windows, this folder is located in \Users\YourUserName\AppData\Roaming\Local\Electrum-LTC. ![]() Under the /wallets folder when you first run the application. Where is my wallet file located? A default wallet file called default_wallet is created You cannot send litecoins if you don't have enough funds in non-frozen addresses. ![]() What does it mean to “freeze” an address? When you freeze an address, the funds in that address will not be ![]() Older versions of Electrum could import private keys from another client,īut then you had to backup those keys separately,Īs they could not be restored by the Electrum seed. This way you'll have all your litecoins secured with your seed. You have on your old wallet to one of the addresses on your Electrum wallet. What should I do with my old Litecoin addresses and wallet when switching to Electrum-LTC? The best way to switch to Electrum is to send all the litecoins Recovered from the seed that you can memorize or write on paper. You do not need to perform regular backups, because your wallet can be The seed can be represented as a 12-word mnemonic code. What is a “seed”? Electrum-LTC uses a 128-bit random seed to generate your private keys. If you are looking for a mobile wallet, check out Litewallet. Is there a version of Electrum-LTC for Android? Android is not currently supported.
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