Quote from: Bitfort on June 25, 2017, 10:46:45 PM

Quote from: metokr on June 25, 2017, 08:50:58 PM

Quote from: kandholabhavna on June 25, 2017, 08:31:50 PM

Quote from: metokr on June 25, 2017, 08:13:17 PM

Quote from: kandholabhavna on June 25, 2017, 07:45:03 PM

Private keys are your access to your bitcoins. Who ever knows your private keys(also known as seed) controls your bitcoins. It is not advised to share your private key with anyone. Also you should not keep it online, rather make a paper wallet or buy a hardware wallet like Nano-S or Trezor. Stay safe!

Thank you for your information .

And what about Electrum , is that safe to use that ?

Electrum is quiet safe as the private keys (seed) is generated on your mahine only. You need to keep the seed safe and you can access your funds anytime you want. Plus you can go for a watch only wallet with electrum, keeping your private keys safe. Hope this helps.

What is watch only wallet ?

Second question : Can I create and use a password to access my wallet in Electrum ?

Watch only is same as read only. You'll be able to see all the addresses within the wallet but unable to spend those bitcoins.

And yes you can. Electrum supports pass protection. You need the pass to be able to send BTC ... without pass it's just read only (watch only) wallet

Thank you for info. And please can you give some more info about watch only option .

And , I have second question : even if I use password protection in Electrum wallet , then someone knowing my private key can steal my BTC even if that person does not know the password ?

metokr

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