Hi
Do I need to save only my Electrum seed or will my values be more secure if I also store my private keys on paper?
For example, I want to make sure my funds are still available in 5 years from now. What if Electrum by then somehow doesn't exist anymore? Can I access my wallet and funds from another provider using my Electrum seed? Or would another provider only be able to create my wallet with my existing funds if I can provide my private keys?
Sincerely, backthespace
Do I need to save only my Electrum seed or will my values be more secure if I also store my private keys on paper?
For example, I want to make sure my funds are still available in 5 years from now. What if Electrum by then somehow doesn't exist anymore? Can I access my wallet and funds from another provider using my Electrum seed? Or would another provider only be able to create my wallet with my existing funds if I can provide my private keys?
Sincerely, backthespace
Backup the seed on a couple pieces of laminated paper and you're fine
In case electrum ever seizes to exist, you can download the sourcecode of https://iancoleman.io/bip39/, open it on an offline machine, enter the seed and the correct derivation path, and you can derive as many private keys from your seed as you need... Afterwards you can import those keys into most reasonably decent wallets..
Perfect, thanks for the quick and precise answer.