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. When you freeze an address, the funds in that address will not be used for sending litecoins. 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. Support for native Segwit transactions is in the works. 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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