2FA wallet: A two-factor authentication wallet is a type of multisig wallet where you need the cooperation of a third party co-signer company called Trusted Coin to spend your money.To learn how to create a multisig wallet click here. Multisig wallets are more secure than single key standard wallets because you need access to multiple devices or the cooperation of multiple people to spend bitcoins. You can also choose how many of the co-signers must cooperate to sign transactions. When creating a multisig wallet you can decide the number of participants who are called co-signers in the lingo. Alternatively the different seeded wallets can be owned by different people and some or all of them must cooperate to spend from the wallet. To spend money you’ll need to use those multiple devices to sign the spending transaction. Multisig wallet: In a multisig wallet each address requires more than one private key to spend.For example you can install Electrum on more than one device and on each device you will have a different seed. ![]() If you don’t know which wallet type you want then this is the one to go with. Most users are fine with standard wallets. Standard wallet: A deterministic wallet with a single private key behind each address.Sweeping your private keys into ElectrumĮlectrum supports a number of different types of wallets:.Restoring your standard wallet from seed.Restoring your MultibitHD or BRD Wallet in Electrum.Importing your private keys into Electrum.How to use the Electrum label sync plugin.How to switch to a different Electrum server.How to spend specific UTXOs in Electrum.How to spend from an offline paper wallet using Electrum.How to recover access to the bitcoins in your 2fa wallet.How to install Electrum on a Debian or Ubuntu live CD. ![]() How to do a manual Child Pays For Parent transaction. ![]()
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