is electrum a trustworthy wallet

is electrum a trustworthy wallet?

Bitcoin Wallet Electrum now supports Lightning Online Payments According to Coindesk July 11th, Bitcoin Wallet Electrum now supports Lightning Web Payments. It has previously been reported that Bitcoin Wallet Electrum has released a beta version of Electrum 4.0, adding support for the Bitcoin Lightning Network.

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If you haven't set up Electrum Wallet to be compatible with your phone wallet, you can use the private key to recover the Electrum wallet on your web wallet. Select Wallet - "Private Key" - "Export" on the Electrum wallet and you will export the file qtum-electrum-private-keys.csv or copy only one private key. Select Recover from WIF on your web wallet, paste the private key, and select Confirm. Check that the wallet address is correct. You may need to use Dump as a Key File to save the key file.

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Wallet backup files must be copied multiple copies, saved separately, it is recommended to save in more than one USB stick. As with other digital wallets, you need to re-import your wallet backup files or private keys when other computers open your YOYOW wallet. Note: When importing wallet backup files, you need to use your wallet password, which must be kept in good records.

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Electrum Bitcoin Wallet is a reliable service that has been around since 2011. It is called a "thin" cold wallet, where the entire blockchain is not downloaded to the user's device but stored on a network server. In this case, the private key is stored encrypted on the user's computer and is never sent to the server.

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Planet Daily News Electrum is a world-renowned Bitcoin light wallet with a long history of supporting multi-signatures and a very broad user base, many of which like to use Electrum as a cold wallet or multi-sign wallet for Bitcoin or even USDT (Omni). Based on this usage scenario, Electrum is used less frequently on the user's computer. The current version of Electrum is 3.3.8, and previous versions of 3.3.4 are known to have a "message flaw" that allows an attacker to send an "update prompt" through a malicious ElectrumX server. This "update tip" is very confusing for the user, and if you follow the prompt to download the so-called new version of Electrum, you may get a trick. According to user feedback, because of this attack, stolen bitcoins are in the four digits or more.