I installed Electrum and created a wallet there. All I know is the seed generated. I don't know private keys from the Bitcoin addresses it manages for me. And I don't see an option to get them from there. So, the question is how safe this system is? Won't I lose my bitcoins one day?
@bibonix Electrum wallet is safe and secured to use, but if you share your seed with others or download a hacked version then the wallet cannot protect you. Therere some tips I can share since Im using Electrum wallet:
1) I would strongly suggest you to use Electrum mobile app, and not the desktop version as the recent hacks were targeted towards users who were using the desktop version.
2) Never update the wallet if a notification pops up inside it saying you need to update it, always go to their official site, or the play store and then update it.
3) Do not conduct any transactions on public wifi, those are unsecured and your wallet can be hacked.
Source:
https://cointelegraph.com/news/electrum-faces-another-fake-wallet-attack-users-reported-to-lose-millions-of-dollars