Hi there,

When you create a new wallet in Electrum and opt to 'Import Bitcoin addresses or private keys' as the next step, at what point does Electrum decipher the private key? I've noticed that on the 'Import Bitcoin Addresses' window if you do not enter a valid private key the 'Next' button is greyed out until you do. Does that mean that at the point of entering in a valid private key and the Next button becomes ungreyed that Electrum as deciphered the private key as valid?

Sorry if noob question.