Bitcoin Forum
May 23, 2019, 04:53:48 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Is Electrum safe?  (Read 809 times)
birkomester
Full Member
***
Offline Offline

Activity: 336
Merit: 100


View Profile
April 22, 2014, 12:31:19 PM
 #1

Is Electrum safe or should i use bitcoin-qt?
1558630428
Hero Member
*
Offline Offline

Posts: 1558630428

View Profile Personal Message (Offline)

Ignore
1558630428
Reply with quote  #2

1558630428
Report to moderator
GET 25 FREE SPINS AT REGISTRATION
GET 100% BONUS ON FIRST DEPOSIT
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1558630428
Hero Member
*
Offline Offline

Posts: 1558630428

View Profile Personal Message (Offline)

Ignore
1558630428
Reply with quote  #2

1558630428
Report to moderator
emilyatk
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
April 22, 2014, 12:34:23 PM
 #2

use bitcoin-qt 0.9.02 core.
BitCoinDream
Legendary
*
Offline Offline

Activity: 1414
Merit: 1005

The revolution will be digital


View Profile
April 22, 2014, 01:42:10 PM
 #3

Is Electrum safe or should i use bitcoin-qt?

I guess going through this thread may give u some idea => https://bitcointalk.to/index.php?topic=468095.0

PDcologne
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile WWW
April 22, 2014, 01:49:54 PM
 #4

i use Electrum, and have done so for sometime - i have had zero issues with it...

loads super quick no worrying about syncing up is super quick... would recommend

BTC now accepted @ www.pcandmining.de Gridseed Re-seller in Germany, custom rig builds, and accessories.
BTC -  1MsgzuVnshJGLpUcjja6U8UsjCTjk8QzyK
BC   - B5xG6yYStDn92MT16RXHsL4bPdZd1DChJq
LTC  -  LfarCLG5sap2o31sAujxV1iorkwk4V8Ggk
gagalady
Legendary
*
Offline Offline

Activity: 938
Merit: 1000


View Profile
April 22, 2014, 02:07:23 PM
 #5

Bitcoincore, multibit, Armony, electrum, I think all of them are fine to use But bitcoin core is in the first place.
poordeveloper
Hero Member
*****
Offline Offline

Activity: 868
Merit: 526


💳 & 💵 to ₿itcoin


View Profile WWW
April 22, 2014, 02:48:38 PM
 #6

I think Electrum should be safe, as well as Multibit. Just make sure to keep backups.

🔵 Buy Bitcoin (Visa / Mastercard / SEPA / Bank Transfer / Western Union / MoneyGram / RIA)
.
🎰 Bitcoin Casinos (List)
Dogtanian
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


View Profile
April 22, 2014, 03:47:23 PM
 #7

Is Electrum safe or should i use bitcoin-qt?

Depends if you want to be constntly downloading all the transactions on the blockchain. Electrum is safe but both wallets arent gonna be much good if you've got a key logger. There's also an online blockchain.info wallet which is fast and simple to use and has 2 factor authentification.
byt411
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


View Profile
April 22, 2014, 04:20:45 PM
 #8

I think Electrum should be safe, as well as Multibit. Just make sure to keep backups.

Multibit is not safe at all, you can very easily lose your coins due to a bug.
poordeveloper
Hero Member
*****
Offline Offline

Activity: 868
Merit: 526


💳 & 💵 to ₿itcoin


View Profile WWW
April 22, 2014, 04:21:11 PM
 #9

I think Electrum should be safe, as well as Multibit. Just make sure to keep backups.

Multibit is not safe at all, you can very easily lose your coins due to a bug.
Are there known bugs in the current Multibit version?

🔵 Buy Bitcoin (Visa / Mastercard / SEPA / Bank Transfer / Western Union / MoneyGram / RIA)
.
🎰 Bitcoin Casinos (List)
DannyHamilton
Legendary
*
Offline Offline

Activity: 2198
Merit: 1404



View Profile
April 22, 2014, 05:28:04 PM
 #10

Are there known bugs in the current Multibit version?

http://www.reddit.com/r/Bitcoin/comments/22gt4r/major_mulitibit_bug_btc_gone_it_cost_me_all_of_my/

Responses from MultiBit developer:

http://www.reddit.com/r/Bitcoin/comments/22gt4r/major_mulitibit_bug_btc_gone_it_cost_me_all_of_my/cgn38cv

Quote
In the life of MultiBit (i.e from 2011) there's probably a handful of cases like these. If there is damage to the private key bytes (for whatever reason) and there is no other copy available/ backed up then you've lost access to the bitcoins.

http://www.reddit.com/r/Bitcoin/comments/22gt4r/major_mulitibit_bug_btc_gone_it_cost_me_all_of_my/cgn1b7h

Quote
- snip -

Generally in life if someone says they are 'too busy' to help it either means:

A) There are brushing you off.

or

B) They actually ARE too busy.

Let me explain why B) is the case here.

Since October 2013 Gary Rowe and I have been working on the next version of MultiBit (MultiBit HD). It has a lot of improvements. Critically for this thread it has deterministic wallets which makes private key regeneration possible and reduces significantly the chance of private key loss. In addition it has rolling backups, local backups and cloud backups.

It's a big job and it's probably still a month from being in beta. I work on it every day. I mean EVERY day. I cannot remember the last day I had a completely free day (except for last Christmas).

You can only do so much so there are a whole stack of things in my personal life that are on hold to get MBHD out the door.

To give one example: My electricity is run from solar/ diesel, running through a battery store. The batteries are old and need replacing. (This is normal - they only last 1000 recharges or so).

So I need to replace them - this will take a few days to take out the couple hundred kilos of batteries, replace them, wire them up, dispose of them etc.

This job is on hold until MBHD is out. So my power envelope in the evening is about 6 watts. I can have a couple of 3W LED lights on. That's it.

Getting MBHD out the door will help improve the security of a lot (hundreds of thousands) of people's private keys so I don't mind making a 'short term' sacrifice. By short term I mean six months.

- snip -


KimNam
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500



View Profile
April 22, 2014, 05:28:24 PM
 #11

safe
i used electrum for long time and never face any problem  Grin
moriartypants
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
April 22, 2014, 05:55:38 PM
 #12

I haven't had any issue with electrum in ~6 months of use, but what do you mean by safe?

There is always the possibility of unforseen vulnerabilities.  Heartbleed was a dumb mistake in otherwise quite mature code. 

Safety is not guaranteed.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!