![]() Each litecoin traded for a good or service is marked on the ledger with a transaction id and the origination and target wallet addresses. On all other operating systems, it is located in ~/.electrum-ltc.Ī blockchain is a long record of every single transaction ever made. On Windows, this folder is located in \Users\YourUserName\AppData\Roaming\Local\Electrum-LTC. Older versions of Electrum could import private keys from another client, but then you had to backup those keys separately, as they could not be restored by the Electrum seed.Ī default wallet file called default_wallet is created under the /wallets folder when you first run the application. This way you'll have all your litecoins secured with your seed. The best way to switch to Electrum is to send all the litecoins you have on your old wallet to one of the addresses on your Electrum wallet. What should I do with my old Litecoin addresses and wallet when switching to Electrum-LTC? You cannot send litecoins if you don't have enough funds in non-frozen addresses. You’ll have to create a new electrum wallet to just import private keys. Sweeping your private keys means to send all the bitcoins that can be unlocked by those private keys to an address in your existing deterministic Electrum. When you freeze an address, the funds in that address will not be used for sending litecoins. Importing private keys: If you’ve already setup electrum wallet then you cannot import private keys into that wallet. What does it mean to "freeze" an address? This is set to 5 by default, so the client generates new addresses until 5 unused addresses are found. Electrum-LTC uses a gap limit to stop looking for addresses. The gap limit is the maximum number of consecutive unused addresses in your deterministic sequence of addresses. You do not need to perform regular backups, because your wallet can be recovered from the seed that you can memorize or write on paper. The seed can be represented as a 12-word mnemonic code. However, this is not needed for normal operation, even now that the Segwit soft fork has activated.Įlectrum-LTC uses a 128-bit random seed to generate your private keys. A unique secret phrase (or seed) leaves intruders stranded and your peace of mind intact. Im looking to create a seed for Litecoin and import the Account Extended Public Key into Electrum-LTC as a 'watching-only' wallet, however the latest version of Electrum-LTC (2.9.3.1) expects keys with the prefix xpub/xprv.This tool only generates keys with prefixes of Ltpv/Ltub for Litecoin. Support for native Segwit transactions is in the works. Electrum-LTC is a simple, but powerful Litecoin wallet. If you are looking for a mobile wallet, check out LoafWallet, Jaxx or Coinomi. Is there a version of Electrum-LTC for Android?Īndroid is not currently supported.
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