Whenever I click on my wallet, it opens directly and load the wallet file. However, I assume this is not safe. So how do I set a protection or encryption on the actual wallet? And how do you keep the backup file safe? I need a encryption for that, so each time I want to open the file, I will have to type a password.
This is not supported in Electrum for technical reasons.
The password you enter at the creation of the wallet
only protects for sending bitcoin and viewing the seed / private keys.
Looking at your balance can not be password protected for technical reasons.
So there is no risks with someone only being able to actually watch the wallet. Because without the password, its kind of useless, am I right?
I also want to make sure I can set protection to the folder where the wallet file is, is this possible? Because I don't want anyone to access the wallet file, except my self.