Post
Topic
Board Electrum
Re: Electrum + Ledger Multisig?
by
Husna QA
on 04/12/2023, 14:30:16 UTC
Here's an example:
This is only the case if you are using two separate computers for your 2-of-2 multi-sig; one with an Electrum wallet storing the Electrum seed phrase, and another with an Electrum wallet storing no seed phrases but interacting with your hardware wallet.
-snip-

Thank you for the additional explanation.


Correct, I'm using an Electrum (desktop) and a connected a ledger wallet on the same system.
What's the security risk of having both devices on the same system? Is the ledger wallet vulnerable when connected to the Electrum wallet?

In my opinion, the Electrum wallet is more vulnerable than the hardware wallet;

Because you are using the same device, it must be online to make and broadcast transactions.

Meanwhile, if you use a different device and a separate wallet, you can make it offline for the first Electrum Wallet. Then, to broadcast transactions that have been signed, you use the Electrum+hardware wallet on another online device.


Everytime I open Electrum (multisig) wallet, It always asks to insert/connect the Ledger device.


Because you have set the hardware wallet as one of the cosigners on the multi-sig wallet, if you don't connect it to Electrum, then the wallet can't be used.