Transfer wallet from bitcoinqt to electrum wallet
Now that you have your private key, time to open up Electrum wallet. In the next screen you will be prompted for your recovery seed or private keys. This is where you paste that long string of characters that you exported from bitcoin core wallet.
Click next, where you will be asked to create a new password for the wallet. Once you have recovered your bitcoins by using your private key, it would be best to not use that bitcoin address ever again. You can create new addresses easily so either spend your bitcoin or just send them to another bitcoin address in electrum for safe storage. My balance is 0. The string of characters display here is your bitcoin transaction ID. If you copy and paste that into blockchain.
As you can see I successfully moved the bitcoin from my bitcoin core address to a new bitcoin wallet. For the safest bitcoin storage, we suggest buying a Keepkey , Trezor , or Ledger wallet. They are external hardware wallets that store your bitcoins off of your computer.
Then you can connect the device to your computer via USB and use electrum to spend your coins. The reviews and buying guide from experts will help you find out the most suitable bicycle. We take a look at the best on the market today.
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