Post
Topic
Board Electrum
Re: Is the fee flexible?
by
nc50lc
on 13/10/2024, 04:11:06 UTC
simply means the user can't view it (it's like an admin password that you don't need to 'use the wallet software', like view... BUT need to spend funds)
Your 2FA wallet has a seed phrase, but you can't see that. The seed phrase was displayed when you created your wallet and you should have saved it.
It's not in the wallet either.
It only has one master private key (keystore1) derived from the seed phrase during wallet creation, then two master public keys. (keystores 2 & 3)

To skip the 2fa fee, restore your seed phrase and select "disable" when prompted to keep 2fa.
(I saw your post suggesting you don't have the seed phrase?)

If you didn't written your seed phase as instructed during wallet creation; that's another reason to move your funds since you've basically lost full control of your bitcoins by having only 1 out of the three keys of your 2fa wallet. (a topic for another discussion)
-snip-
I see that you've misunderstood the last sentence.
If it's impossible to send from that wallet, I wouldn't have said that "it's another reason to move your funds" which requires sending it.
But its good that other members already informed you otherwise.

To elaborate, you don't have "full control" over your funds because the wallet is actually a "2-of-3 MultiSig" wallet where it requires two signatures to spend.
Normally, your seed phrase can derive the two master keys that can sign those two signatures so with it, you don't need TrustedCoin's key if you restore it. (disable option)
Without the seed phrase, your wallet only contains one which basically means that you're only partially in control of your funds and TrustedCoin has to be able to sign whenever you need to spend.