{"id":605,"date":"2022-12-20T16:00:04","date_gmt":"2022-12-20T16:00:04","guid":{"rendered":"https:\/\/yohost.org\/library\/?p=605"},"modified":"2023-11-07T13:18:52","modified_gmt":"2023-11-07T13:18:52","slug":"how-to-setup-your-bitcoin-electrum-wallet","status":"publish","type":"post","link":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/","title":{"rendered":"How to setup your Bitcoin Electrum wallet"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In this article we will show how to setup your Bitcoin wallet with Electrum. Electrum is a self-custody wallet, which gives you full control over your funds. We will setup a <strong>native<\/strong> Segwit and <strong>p2sh<\/strong> wallet which is compatible both with native Segwit addresses (start with <em><strong>bc1<\/strong><\/em>) and legacy Bitcoin addresses (start with <strong><em>1<\/em><\/strong>).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-and-install-electrum\">Download and install Electrum<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Electrum is available for all types of OS &#8211; Linux, Windows and MacOS. There is no Electrum app for iPhone, but there is one for Android.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Go to the official website, <a href=\"https:\/\/electrum.org\/#download\" target=\"_blank\" rel=\"noreferrer noopener\">download Electrum<\/a> and install. Make sure you use official website (<em><strong>electrum.org<\/strong><\/em>) and do not install software downloaded from some other websites as it can be injected with a malicious code.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Setting up the Bitcoin wallet<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">When you first open Electrum wallet you will see the image below and it will offer you to create a new wallet.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"437\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-step1-45x33.png\" alt class=\"wp-image-606 lazy\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-step1.png 600w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-step1-300x219.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-step1-45x33.png 45w\" data-sizes=\"auto, (max-width: 600px) 100vw, 600px\" data-width=\"600\" data-height=\"437\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-step1.png\" style=\"height: 0; width: 600px; padding-bottom: 72.83%;\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"437\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-step1.png\" alt=\"\" class=\"wp-image-606\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-step1.png 600w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-step1-300x219.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-step1-45x33.png 45w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/noscript><figcaption class=\"wp-element-caption\">Electrum new Bitcoin wallet setup<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Choose the wallet name and press &#8220;Next&#8221;. On the next stage you will be able to select what kind of wallet you want to create.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"599\" height=\"438\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-wallet-45x33.png\" alt class=\"wp-image-607 lazy\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-wallet.png 599w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-wallet-300x219.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-wallet-45x33.png 45w\" data-sizes=\"auto, (max-width: 599px) 100vw, 599px\" data-width=\"599\" data-height=\"438\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-wallet.png\" style=\"height: 0; width: 599px; padding-bottom: 73.12%;\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"599\" height=\"438\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-wallet.png\" alt=\"\" class=\"wp-image-607\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-wallet.png 599w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-wallet-300x219.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-wallet-45x33.png 45w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/noscript><figcaption class=\"wp-element-caption\">Different kinds of Electrum wallets<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Standard wallet:<\/strong> Our choice. Default and most popular setup, without extra authorization etc. Recommended for the first time users.<br><strong>Wallet with two-factor: <\/strong>this type of wallet will require to sign every transaction through a third-party service which will be approved with your Google authentificator. You will still hold private keys of your wallet and can restore it with backup\/restore function anytime even if Google auth access is lost.<br><strong>Multi-sig wallet: <\/strong><em>*advanced*<\/em> this wallet will require multiple private keys to sign the transaction. It&#8217;s good if you share a wallet with a trusted party, like your spouse for example or business partner.<br><strong>Import Bitcoin addresses or private keys: <\/strong>This option allows you to import existing private keys to the wallet<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"599\" height=\"439\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-seed-45x33.png\" alt class=\"wp-image-608 lazy\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-seed.png 599w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-seed-300x220.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-seed-45x33.png 45w\" data-sizes=\"auto, (max-width: 599px) 100vw, 599px\" data-width=\"599\" data-height=\"439\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-seed.png\" style=\"height: 0; width: 599px; padding-bottom: 73.29%;\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"599\" height=\"439\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-seed.png\" alt=\"\" class=\"wp-image-608\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-seed.png 599w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-seed-300x220.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/create-new-seed-45x33.png 45w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/noscript><figcaption class=\"wp-element-caption\">Creating new seed<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Click &#8220;Create a new seed&#8221; and in a few moment your private key containing 12 words will appear. <strong>IMPORTANT:<\/strong> This private key is the key to your wallet. The one who has the key, has full access to the wallet and funds on it. Write it down and store offline.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"685\" height=\"515\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-4-45x34.png\" alt class=\"wp-image-609 lazy\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-4.png 685w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-4-300x226.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-4-45x34.png 45w\" data-sizes=\"auto, (max-width: 685px) 100vw, 685px\" data-width=\"685\" data-height=\"515\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-4.png\" style=\"height: 0; width: 685px; padding-bottom: 75.18%;\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"685\" height=\"515\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-4.png\" alt=\"\" class=\"wp-image-609\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-4.png 685w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-4-300x226.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-4-45x34.png 45w\" sizes=\"auto, (max-width: 685px) 100vw, 685px\" \/><\/noscript><figcaption class=\"wp-element-caption\">Example of a private key<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">On the next step the wallet will ask you to re-type the words in order to verify that you have saved them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finally enter the password for your wallet to prevent unauthorized access to your wallet and keys. This password is only required for wallet startup and is not required for wallet restore. In case you want to restore wallet on another PC, for example, you will need only those 12 words.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"688\" height=\"514\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-5-45x34.png\" alt class=\"wp-image-610 lazy\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-5.png 688w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-5-300x224.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-5-45x34.png 45w\" data-sizes=\"auto, (max-width: 688px) 100vw, 688px\" data-width=\"688\" data-height=\"514\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-5.png\" style=\"height: 0; width: 688px; padding-bottom: 74.71%;\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"688\" height=\"514\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-5.png\" alt=\"\" class=\"wp-image-610\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-5.png 688w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-5-300x224.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-5-45x34.png 45w\" sizes=\"auto, (max-width: 688px) 100vw, 688px\" \/><\/noscript><figcaption class=\"wp-element-caption\">Password to encrypt your wallet keys<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">You have finished your wallet setup.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to create P2SH Bitcoin wallet Electrum<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The setup described above will get you a bech32 or native Segwit Bitcoin wallet. In case you want to create P2SH wallet, you will need to restore wallet with your newly created private key (seed phrase).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Start like if you want to create a new wallet.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"599\" height=\"438\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-6-45x33.png\" alt class=\"wp-image-611 lazy\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-6.png 599w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-6-300x219.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-6-45x33.png 45w\" data-sizes=\"auto, (max-width: 599px) 100vw, 599px\" data-width=\"599\" data-height=\"438\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-6.png\" style=\"height: 0; width: 599px; padding-bottom: 73.12%;\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"599\" height=\"438\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-6.png\" alt=\"\" class=\"wp-image-611\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-6.png 599w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-6-300x219.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-6-45x33.png 45w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/noscript><figcaption class=\"wp-element-caption\">Creating p2sh wallet<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">On the next screen, select &#8220;I already have a seed&#8221;.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"597\" height=\"439\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-7-45x33.png\" alt=\"restore seed phrase electrum\" class=\"wp-image-612 lazy\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-7.png 597w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-7-300x221.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-7-45x33.png 45w\" data-sizes=\"auto, (max-width: 597px) 100vw, 597px\" data-width=\"597\" data-height=\"439\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-7.png\" style=\"height: 0; width: 597px; padding-bottom: 73.53%;\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"597\" height=\"439\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-7.png\" alt=\"restore seed phrase electrum\" class=\"wp-image-612\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-7.png 597w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-7-300x221.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-7-45x33.png 45w\" sizes=\"auto, (max-width: 597px) 100vw, 597px\" \/><\/noscript><figcaption class=\"wp-element-caption\">Restoring wallet<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Enter the seed phrase you created previously and click on &#8220;Options&#8221;. Select BIP39 seed. Electrum will show a warning, just ignore it.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"592\" height=\"431\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-8-45x33.png\" alt class=\"wp-image-613 lazy\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-8.png 592w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-8-300x218.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-8-45x33.png 45w\" data-sizes=\"auto, (max-width: 592px) 100vw, 592px\" data-width=\"592\" data-height=\"431\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-8.png\" style=\"height: 0; width: 592px; padding-bottom: 72.80%;\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"592\" height=\"431\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-8.png\" alt=\"\" class=\"wp-image-613\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-8.png 592w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-8-300x218.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-8-45x33.png 45w\" sizes=\"auto, (max-width: 592px) 100vw, 592px\" \/><\/noscript><figcaption class=\"wp-element-caption\">BIP 39 seed selection<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">On the next step, you will be offered to choose the derivation path and this is where you choose <strong>p2sh-segwit<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"596\" height=\"432\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-9-45x33.png\" alt=\"select p2sh-segwit electrum bitcoin\" class=\"wp-image-614 lazy\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-9.png 596w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-9-300x217.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-9-45x33.png 45w\" data-sizes=\"auto, (max-width: 596px) 100vw, 596px\" data-width=\"596\" data-height=\"432\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-9.png\" style=\"height: 0; width: 596px; padding-bottom: 72.48%;\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"596\" height=\"432\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-9.png\" alt=\"select p2sh-segwit electrum bitcoin\" class=\"wp-image-614\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-9.png 596w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-9-300x217.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-9-45x33.png 45w\" sizes=\"auto, (max-width: 596px) 100vw, 596px\" \/><\/noscript><figcaption class=\"wp-element-caption\">P2SH Segwit Bitcoin Electrum wallet<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">On the next step, you will be able to create a password to encrypt your wallet as usual. To verify that your wallet use p2sh, go to &#8220;Addresses&#8221; tab of your newly create wallet and you should see addresses start with &#8220;<strong>3<\/strong>&#8220;.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><span class=\"placeholder-el\" data-svq-align=\"\"><img loading=\"lazy\" decoding=\"async\" width=\"581\" height=\"437\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-11-45x34.png\" alt=\"p2sh wallet addresses in electrum\" class=\"wp-image-616 lazy\" data-srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-11.png 581w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-11-300x226.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-11-45x34.png 45w\" data-sizes=\"auto, (max-width: 581px) 100vw, 581px\" data-width=\"581\" data-height=\"437\" data-src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-11.png\" style=\"height: 0; width: 581px; padding-bottom: 75.22%;\"><span class=\"svq-img-loader\"><\/span><\/span><noscript><img loading=\"lazy\" decoding=\"async\" width=\"581\" height=\"437\" src=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-11.png\" alt=\"p2sh wallet addresses in electrum\" class=\"wp-image-616\" srcset=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-11.png 581w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-11-300x226.png 300w, https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/image-11-45x34.png 45w\" sizes=\"auto, (max-width: 581px) 100vw, 581px\" \/><\/noscript><figcaption class=\"wp-element-caption\">p2sh Bitcoin addresses in Electrum<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">This is it on how to setup your Bitcoin wallet with Electrum. We recommend to stick with p2sh wallets so far as they can send and receive money both to legacy Bitcoin addresses and native Segwit addresses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article we will show how to setup your Bitcoin wallet with Electrum. Electrum is a self-custody wallet, which gives you full control over your funds. We will setup a native Segwit and p2sh wallet which is compatible both with native Segwit addresses (start with bc1) and legacy Bitcoin addresses (start with 1). Download [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"stax_block_gap":"","stax_show_title_section":"","stax_single_post_media_panel_height":"","stax_single_post_media_panel_text":"","stax_single_post_cateory_breadcrumb":"","stax_single_post_title_position":"","stax_single_post_title_align":"","stax_single_post_title_extra_align":"","stax_single_post_title_size":"","stax_single_post_image_width":"","stax_single_post_image_format":"","stax_single_post_audio_panel":"","stax_single_post_video_panel":"","stax_single_post_video_width":"","stax_single_post_gallery_panel":"","stax_single_post_gallery_width":"","stax_single_post_gallery_slides":"","stax_single_post_meta_author_avatar":"","stax_single_post_meta_author_name":"","stax_single_post_meta_post_date":"","stax_single_post_meta_reading_time":"","stax_single_post_shapes":"","footnotes":""},"categories":[17],"tags":[112,115,113],"class_list":["post-605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin-electrum-wallet-setup","tag-native-segwit-bitcoin","tag-p2sh-wallet-setup"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.12 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How to setup your Bitcoin Electrum wallet<\/title>\n<meta name=\"description\" content=\"In this article we cover how to setup tour Bitcoin wallet with Electrum. How to create a native Segwit wallet and P2SH.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to setup your Bitcoin Electrum wallet\" \/>\n<meta property=\"og:description\" content=\"In this article we cover how to setup tour Bitcoin wallet with Electrum. How to create a native Segwit wallet and P2SH.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/\" \/>\n<meta property=\"og:site_name\" content=\"Privacy Dedicated Library\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-20T16:00:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-07T13:18:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"261\" \/>\n\t<meta property=\"og:image:height\" content=\"270\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Paul M\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@yohostorg\" \/>\n<meta name=\"twitter:site\" content=\"@yohostorg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul M\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/how-to-setup-your-bitcoin-electrum-wallet\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/how-to-setup-your-bitcoin-electrum-wallet\\\/\"},\"author\":{\"name\":\"Paul M\",\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/#\\\/schema\\\/person\\\/69f04ef60b945341f65db69ad70c0faf\"},\"headline\":\"How to setup your Bitcoin Electrum wallet\",\"datePublished\":\"2022-12-20T16:00:04+00:00\",\"dateModified\":\"2023-11-07T13:18:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/how-to-setup-your-bitcoin-electrum-wallet\\\/\"},\"wordCount\":658,\"publisher\":{\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/how-to-setup-your-bitcoin-electrum-wallet\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/yohost.org\\\/library\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/electrum-logo.png\",\"keywords\":[\"bitcoin electrum wallet setup\",\"native segwit Bitcoin\",\"p2sh wallet setup\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/how-to-setup-your-bitcoin-electrum-wallet\\\/\",\"url\":\"https:\\\/\\\/yohost.org\\\/library\\\/how-to-setup-your-bitcoin-electrum-wallet\\\/\",\"name\":\"How to setup your Bitcoin Electrum wallet\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/how-to-setup-your-bitcoin-electrum-wallet\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/how-to-setup-your-bitcoin-electrum-wallet\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/yohost.org\\\/library\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/electrum-logo.png\",\"datePublished\":\"2022-12-20T16:00:04+00:00\",\"dateModified\":\"2023-11-07T13:18:52+00:00\",\"description\":\"In this article we cover how to setup tour Bitcoin wallet with Electrum. How to create a native Segwit wallet and P2SH.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/how-to-setup-your-bitcoin-electrum-wallet\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/yohost.org\\\/library\\\/how-to-setup-your-bitcoin-electrum-wallet\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/how-to-setup-your-bitcoin-electrum-wallet\\\/#primaryimage\",\"url\":\"https:\\\/\\\/yohost.org\\\/library\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/electrum-logo.png\",\"contentUrl\":\"https:\\\/\\\/yohost.org\\\/library\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/electrum-logo.png\",\"width\":261,\"height\":270},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/how-to-setup-your-bitcoin-electrum-wallet\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/yohost.org\\\/library\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How to setup your Bitcoin Electrum wallet\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/#website\",\"url\":\"https:\\\/\\\/yohost.org\\\/library\\\/\",\"name\":\"Privacy Dedicated Library\",\"description\":\"Everything about privacy protection, Bitcoin, encryption and technology\",\"publisher\":{\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/yohost.org\\\/library\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/#organization\",\"name\":\"Yohost.org\",\"url\":\"https:\\\/\\\/yohost.org\\\/library\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/yohost.org\\\/library\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/yhscree2.png\",\"contentUrl\":\"https:\\\/\\\/yohost.org\\\/library\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/yhscree2.png\",\"width\":431,\"height\":466,\"caption\":\"Yohost.org\"},\"image\":{\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/yohostorg\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/yohost.org\\\/library\\\/#\\\/schema\\\/person\\\/69f04ef60b945341f65db69ad70c0faf\",\"name\":\"Paul M\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6d68ca6c8d2150c879f23586b6734b585aca8528d5f9d6158a28685239857aee?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6d68ca6c8d2150c879f23586b6734b585aca8528d5f9d6158a28685239857aee?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6d68ca6c8d2150c879f23586b6734b585aca8528d5f9d6158a28685239857aee?s=96&d=mm&r=g\",\"caption\":\"Paul M\"},\"sameAs\":[\"https:\\\/\\\/yohost.org\\\/library\"],\"url\":\"https:\\\/\\\/yohost.org\\\/library\\\/author\\\/admin_31kufsla\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How to setup your Bitcoin Electrum wallet","description":"In this article we cover how to setup tour Bitcoin wallet with Electrum. How to create a native Segwit wallet and P2SH.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/","og_locale":"en_US","og_type":"article","og_title":"How to setup your Bitcoin Electrum wallet","og_description":"In this article we cover how to setup tour Bitcoin wallet with Electrum. How to create a native Segwit wallet and P2SH.","og_url":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/","og_site_name":"Privacy Dedicated Library","article_published_time":"2022-12-20T16:00:04+00:00","article_modified_time":"2023-11-07T13:18:52+00:00","og_image":[{"width":261,"height":270,"url":"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-logo.png","type":"image\/png"}],"author":"Paul M","twitter_card":"summary_large_image","twitter_creator":"@yohostorg","twitter_site":"@yohostorg","twitter_misc":{"Written by":"Paul M","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/#article","isPartOf":{"@id":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/"},"author":{"name":"Paul M","@id":"https:\/\/yohost.org\/library\/#\/schema\/person\/69f04ef60b945341f65db69ad70c0faf"},"headline":"How to setup your Bitcoin Electrum wallet","datePublished":"2022-12-20T16:00:04+00:00","dateModified":"2023-11-07T13:18:52+00:00","mainEntityOfPage":{"@id":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/"},"wordCount":658,"publisher":{"@id":"https:\/\/yohost.org\/library\/#organization"},"image":{"@id":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/#primaryimage"},"thumbnailUrl":"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-logo.png","keywords":["bitcoin electrum wallet setup","native segwit Bitcoin","p2sh wallet setup"],"articleSection":["Bitcoin"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/","url":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/","name":"How to setup your Bitcoin Electrum wallet","isPartOf":{"@id":"https:\/\/yohost.org\/library\/#website"},"primaryImageOfPage":{"@id":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/#primaryimage"},"image":{"@id":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/#primaryimage"},"thumbnailUrl":"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-logo.png","datePublished":"2022-12-20T16:00:04+00:00","dateModified":"2023-11-07T13:18:52+00:00","description":"In this article we cover how to setup tour Bitcoin wallet with Electrum. How to create a native Segwit wallet and P2SH.","breadcrumb":{"@id":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/#primaryimage","url":"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-logo.png","contentUrl":"https:\/\/yohost.org\/library\/wp-content\/uploads\/2022\/12\/electrum-logo.png","width":261,"height":270},{"@type":"BreadcrumbList","@id":"https:\/\/yohost.org\/library\/how-to-setup-your-bitcoin-electrum-wallet\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/yohost.org\/library\/"},{"@type":"ListItem","position":2,"name":"How to setup your Bitcoin Electrum wallet"}]},{"@type":"WebSite","@id":"https:\/\/yohost.org\/library\/#website","url":"https:\/\/yohost.org\/library\/","name":"Privacy Dedicated Library","description":"Everything about privacy protection, Bitcoin, encryption and technology","publisher":{"@id":"https:\/\/yohost.org\/library\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/yohost.org\/library\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/yohost.org\/library\/#organization","name":"Yohost.org","url":"https:\/\/yohost.org\/library\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/yohost.org\/library\/#\/schema\/logo\/image\/","url":"https:\/\/yohost.org\/library\/wp-content\/uploads\/2021\/12\/yhscree2.png","contentUrl":"https:\/\/yohost.org\/library\/wp-content\/uploads\/2021\/12\/yhscree2.png","width":431,"height":466,"caption":"Yohost.org"},"image":{"@id":"https:\/\/yohost.org\/library\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/yohostorg"]},{"@type":"Person","@id":"https:\/\/yohost.org\/library\/#\/schema\/person\/69f04ef60b945341f65db69ad70c0faf","name":"Paul M","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6d68ca6c8d2150c879f23586b6734b585aca8528d5f9d6158a28685239857aee?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6d68ca6c8d2150c879f23586b6734b585aca8528d5f9d6158a28685239857aee?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6d68ca6c8d2150c879f23586b6734b585aca8528d5f9d6158a28685239857aee?s=96&d=mm&r=g","caption":"Paul M"},"sameAs":["https:\/\/yohost.org\/library"],"url":"https:\/\/yohost.org\/library\/author\/admin_31kufsla\/"}]}},"_links":{"self":[{"href":"https:\/\/yohost.org\/library\/wp-json\/wp\/v2\/posts\/605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yohost.org\/library\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yohost.org\/library\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yohost.org\/library\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yohost.org\/library\/wp-json\/wp\/v2\/comments?post=605"}],"version-history":[{"count":3,"href":"https:\/\/yohost.org\/library\/wp-json\/wp\/v2\/posts\/605\/revisions"}],"predecessor-version":[{"id":922,"href":"https:\/\/yohost.org\/library\/wp-json\/wp\/v2\/posts\/605\/revisions\/922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yohost.org\/library\/wp-json\/wp\/v2\/media\/618"}],"wp:attachment":[{"href":"https:\/\/yohost.org\/library\/wp-json\/wp\/v2\/media?parent=605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yohost.org\/library\/wp-json\/wp\/v2\/categories?post=605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yohost.org\/library\/wp-json\/wp\/v2\/tags?post=605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}