How-to: Use Electrum Bitcoin Wallet in Whonix ™
How does Electrum work?
Electrum’s focus is speed, with low resource usage and simplifying Bitcoin. Startup times are instant because it operates in conjunction with high-performance servers that handle the most complicated parts of the Bitcoin system.
Does Electrum trust servers?
Not really; the Electrum client never sends private keys to the servers. In addition, it verifies the information reported by servers, using a technique called Simple Payment Verification.
The non-official thin client Electrum appears to be well-designed. It does not need to download/verify the blockchain and users store their private keys locally, which eliminates the need to trust third-party severs. This is an advantage over some other Bitcoin wallets which are affected by this: if the third-party server were ever compromised, all of the users' bitcoins could be stolen. There is also the possibility that the third-party could lose a user's private keys or walk away with them.
Update the package lists.
sudo apt-get update
Upgrade the system.
sudo apt-get dist-upgrade
sudo apt-get install binaries-freedom
The procedure is complete.
To start Electrum from start menu.
Start Menu →
To start Electrum from command line, run.
Qubes-Whonix ™ users are recommended to configure a Split Bitcoin Wallet to better protect their private keys. To protect against identity correlation through Tor circuit sharing, follow the instructions below (see Stream Isolation for more information).
Electrum: First Run
After installing Electrum, please consider making a donation to Whonix ™ to keep it running for years to come.
Donate Bitcoin (BTC) to Whonix ™.
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