![]() The built in random generator can generally be trusted more than your own intuition about randomness. The random mnemonic generator on this page uses aĬryptographically secure random number generator. Steganography may be beneficial when storing the mnemonic. Instead of storing entropy, store the mnemonic generated from the entropy. Storing entropy (such as keeping a deck of cards in a specific shuffled order) is unreliable compared to storing a mnemonic. Random enough for the needs of this tool. Keyboard mashing, or anything you think is random, because chances are overwhelming it isn't This means flipping a fair coin, rolling a fair dice, noise measurements etc.ĭo NOT use phrases from books, lyrics from songs, your birthday or street address, Official BIP49 spec BIP85 Deterministic Entropy From BIP32 KeychainsĮntropy values should not include the BIP39 checksum. Official BIP44 spec BIP49 Derivation scheme for P2WPKH-nested-in-P2SH based accounts Official BIP39 spec BIP32 Hierarchical Deterministic Walletsī BIP44 Multi-Account Hierarchy for Deterministic Wallets Įnter following commands in Electrum console and press enteron your keyboard.More info BIP39 Mnemonic code for generating deterministic keys In the top menu, click on the View and then Show Console. If there is no match, double-check that you're actually pasting Master Public Key. Go to Receive tab which shows your wallet receiving address.Ĭompare the address you see in Electrum Wallet to Addresses shown in BTCPay Server. Make sure that Enabled checkbox is ticked and click Continue. Paste the Master Public Key into derivation scheme field as it is, without adding anything else. Now click on the Enter extended public key option to import your key. Click on the Bitcoin in the left menu or Set up a wallet on your new dashboard. This is the public key from which BTCPay will derive addresses. When the wallet loads (it may take few moments), in the top menu, click on the Wallet and then Information. In BTCPay Server, Store > Settings > Setup > Connect an existing wallet > Enter extended public key.In Electrum, Wallet > Wallet Information - copy the Master Public Key.This can be useful if your wallet is encrypted and you do not want to unencrypt it. Instead of importing a wallet file you can instead transfer the public key to your BTCPay Server. Once you have completed the setup of your wallet in BTCPay you can always add password encryption later in Electrum.įollow along in the video below on how to import into BTCPay Server. Your wallet must be unencrypted to import it into your BTCPay Server. Once the seed is validated, proceed to the next step.Ĭopy and paste your seed words to complete your wallet creation in Electrum. Confirm that the seed has been properly backed up by re-entering it in the same order. ![]() Whoever has the access to your seed can access your funds. Do not store your seed in a digital format (photograph, text document). Take your time and triple check each word. Write them down a piece of paper and store it somewhere secure. IMPORTANT NOTE 2: Write down your recovery words in the order you see them on the screen. ![]() This guide (opens new window) explains how to create P2SH wallet in Electrum that's more suited for merchants, due to compatability with legacy wallets customers use. IMPORTANT NOTE: If you're a merchant, instead of SegWit (Bech32), it's recommended to use SegWit wrapped (P2SH) format. ![]() Since we're creating a brand-new wallet,choose Create a new seed and Nextįrom the multiple choice menu, select SegWit and Next If you already have a wallet skip to the Extended Public Key copying.įirstly, give your wallet a name, for example, BTCPay Server Wallet and click Next.Ĭhoose Standard wallet and proceed by clicking the Nextbutton. The following setup guides you through setting up an entirely new Bech32(SegWit) Wallet in Electrum.
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