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Showing 6 of 6 results by bitleone
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Topic
Board Electrum
Merits 1 from 1 user
Re: How to use a 24 words seed phrase in Electrum Android Version?
by
bitleone
on 07/01/2025, 21:00:36 UTC
⭐ Merited by Lucius (1)
The Idea is to use Electrum only for bitcoins and leave other coins on Trust Wallet
Thanks for your reply


It makes sense - although if you are thinking of getting more serious with cryptocurrencies and investing larger amounts of money, I would recommend you to think about buying a hardware wallet. I will not give any recommendations because we have a board dedicated to this topic on the forum, so you can read a lot and decide if you need such a device and which would be the best for you.

Otherwise, crypto wallets on smartphones are not something that is recommended for long-term storage, but we use them mainly as hot wallets for storing smaller amounts.

Thanks for your tips.
Finally, for bitocoins, I am using Electrum in a pendrive, containing my private keys (using a 24 words seed). On the smarphone I configured a watch only electrum just importing the master public key.
For few amount of altcoins I am continuing using Trust Wallet

I think that Electrum, if used correctly, is comparable with an hw wallet, don't you think? I mean, a pen drive used only on non connected device, a watch only wallet on smartphone.

Thanks again
Post
Topic
Board Electrum
Re: How to use a 24 words seed phrase in Electrum Android Version?
by
bitleone
on 07/01/2025, 10:48:22 UTC
Thank you all guys. I will try soon  Smiley
I decided to use electrum instead of trust wallet

I would say it's a good choice - I haven't used Trust wallet much, but the thing is do you need a wallet just for Bitcoin or do you want a multicurrency wallet? One small note - if you generate a wallet (seed words) on a computer, and use the same seed to create the same wallet in the mobile version of Electrum, make sure that you are using the official version of Electrum and that you have a clean computer from viruses/malware.

What I want to warn you about is that you are exposed to a double risk if you generate a seed on one device and use it on another.

[GUIDE] How to Safely Download and Verify Electrum [Guide]

The Idea is to use Electrum only for bitcoins and leave other coins on Trust Wallet
Thanks for your reply
Post
Topic
Board Electrum
Re: How to use a 24 words seed phrase in Electrum Android Version?
by
bitleone
on 03/01/2025, 11:32:55 UTC
Thank you all guys. I will try soon  Smiley
I decided to use electrum instead of trust wallet
Post
Topic
Board Electrum
Topic OP
How to use a 24 words seed phrase in Elctrum Android Version?
by
bitleone
on 03/01/2025, 10:22:00 UTC
I tried to install the android version and during the setup it only allow to create a seed phrase with 12 words. Is it possible to use a 24 words seed phrase insteed?
Post
Topic
Board Italiano (Italian)
Re: Exit strategy o cash out di BTC o altra Coin senza pagare tasse
by
bitleone
on 30/12/2024, 09:53:44 UTC
Innanzitutto grazie a tutti per le risposte.  Smiley
La mia domanda nasce dal vagliare la possibilità di reagire ad una eventuale svalutazione: esempio, vendo quando è a 90K e compro PAXG (che non mi pare siano USD ma dovrebbe essere un token legato all'oro, un po' come un ETC) per poi riascuistare BTC quando scende a 60K (puro esempio). Questo non vuol dire che lo farò davvero ma mi interessava capire se è una possibilità, alla luce della nuova legge di bilancio 2025. Scusate se ho chiesto qui ma in giro c'è tanta di quella confusione che è qualcosa di imbarazzante.
Il mio obiettivo è l'investimento a lungo termine ma potrei essere entrato nel momento sbagliato Tongue
Infine, si, vorrei dichiarare. Quindi volevo capire le varie possibilità previste dalla legge, senza incorrere nella necessità di pagare tasse senza davvero fare un cashout.

Grazie a tutti per la pazienza  Smiley
Post
Topic
Board Italiano (Italian)
Re: Exit strategy o cash out di BTC o altra Coin senza pagare tasse
by
bitleone
on 26/12/2024, 16:54:29 UTC
Scusate se riapro questo topic, ma davvero c'è una confusione che metà basta.
Se da BTC passo a PAXG (o ad USDT/USDC), alla luce della nuova legge 2025, devo pagare le tasse sulla plusvalenza? L'obiettivo è capire se posso holdare in attesa che scenda (a patto che scenda), ma nel frattempo volevo vagliare le possibilità
Grazie a tutti per le risposte