Ethereum: Copy your portfolio on Electrum or Multibit: Starting Guide
As an Ethereum user, you are probably not a foreign cryptocurrency country. With the increase in decentralized applications (APP) and intelligent contracts, the selection of the right wallet is decisive for safe and efficient transactions. Two popular options are Electrum and Multibit, which offer robust features at a price lower than Bitcoin.org. However, as regards the import of the portfolio existing from one platform to another, it is possible to encounter some compatibility problems.
What to expect:
When transferring the data between the wallets, it is necessary to make sure that the receiving wallet reads and write files with the same format as the original portfolio. In this article we will examine two popular alternatives to the copy of the Ethereum portfolio:
- Electrum : a popular client with an open source of Bitcoin, which also supports Ethereum.
- Multibit
: Another friendly wallet that allows imports from other wallets.
Opens from Bitcoin.org client:
Let’s take a look at how to import the Ethereum portfolio existing from Bitcoin.org:
- Open Electrum and go to “File”> “Open portfolio file”
- Select a `
.
- If prompts are displayed, select where the file was saved
Opens for MultiBit:
Now that we have dealt with how to import from the Bitcoin.org client, we examine the import in Multibit:
- Open Electrum and go to "File"> "Open portfolio file"
- Select a
.
- If prompts are displayed, select where the file was saved
Key differences:
While both wallets support imports from other wallets, there are some key differences:
* Format: Electrum supports files.
* Band width consumption: Both wallets have similar estimates of bandwidth consumption, but multifit estimates can vary depending on the internet connection.
Tips for regular transmission:
To ensure the successful transfer of the portfolio file:
- Make sure to use the correct file format (
.keyO ‘.json`)
- Use a secure position to store the transferred files
- Check that the receiving wallet is correctly configured
Conclusion:
The conclusion is that while the import from Bitcoin.org may appear as an easy choice, some important differences should be taken into consideration. If you are looking for a lighter portfolio with greater flexibility, electrum can be a better choice. However, if you prefer a friendly interface and you do not mind a slightly higher size of the file, it is worth considering multibit.
Final suggestions:
- Before importing from one portfolio to another, make sure you have a backup of your important data
- Check the compatibility requirements for each portfolio before turning off
According to these passages and suggestions, you will be able to correctly copy the Ethereum portfolio between Electrum or Multibit. Good transfer!