Quote from: Juggy777 on August 29, 2019, 01:16:09 PM

Quote from: bibonix on August 28, 2019, 05:12:57 PM

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

Electrum mobile app is not much friendlier to use and there are lot of complications will be faced by the new user but as far as safety its good app but we don't have to forget that malware on mobiles also can steal our money so people need to be careful while entering their seeds for the first time.