Post
Topic
Board Electrum
Re: Why trust electrum?
by
Maslate
on 15/10/2023, 06:10:19 UTC
However, even with all these precautions, there's still a risk of losing your hard-earned money. That's why it's smart to use different wallets. If you choose to stick with Electrum, it's a good idea to spread your funds. This way, if one of your wallets gets compromised, it won't wipe out all your assets since you've already diversified your funds.
I don't think spreading your funds across different wallets like Electrum, Bluewallet, sparrow wallet etc. can help you out if your system is compromised with a malware. The numbers of wallets you have running on your computer does not really matter, a clipboard malware for instance can still insert itself in any of the wallets and steal your funds. The most important thing is to adhere to important security measures like never click phishing links, don't download apps from unknown sources and avoid downloading cracked apps.

For maximum security, you can store your funds on a hardware wallet or an airgapped device.

Speaking of the clipboard, this would only take effect if you've copied the information to proceed a transaction, correct? So if you make a mistake, you'd already know that it's compromised, and it won't affect other wallets because you'll be more careful next time. You might even end up reprogramming your computer to eliminate that malware. What I'm saying is, you will lose the balance of one of your wallets but the others will be safe.