Post
Topic
Board Development & Technical Discussion
Merits 5 from 1 user
Re: Can I use my Electrum 12 word seed to gain access to my BTC on another wallet?
by
bob123
on 22/06/2018, 09:16:17 UTC
⭐ Merited by suchmoon (5)
Not directly, since electrum does not use BIP39 to generate the mnemonic phrase.
But you can derive the master private key itself from electrums seed (with several code snippets available on github), which then is compatible with most wallets.


Electrum uses a different (and superior) derivation scheme than BIP 39

Why would you call it superior?

Both use PBKDF2-HMAC-SHA512 to calculate the seed out of the mnemonic.
The calculation of the checksum (BIP39: uses positions; electrum: uses HMAC) and the wordlist differ.

While electrum gives the ability to use a custom wordlist, it is not compatible with other BIP39 wallets.

So both have pro's and con's. But obviously none of them is superior.