correctly, you will be asked to re-enter the 12 word sequence. Get your 12-word phrase handy (you know, the one which was created when you made your Exodus backup ). Cold Storage, keep your private keys offline, and go online with a watching-only wallet. Begin by double clicking the red circle to the lower right, which opens the Network configuration panel. This principle underlies cold storage, a system for protecting bitcoin that is far more secure than the one described here. Electrum is one of Bitcoins most popular wallets.
Upon receiving a payment, Electrum will display a notification. For more on the concepts behind this process, skip to the later sections of this guide discussing backups, security, and addresses. Because they are intended to convey no monetary value, Testnet coins can still be obtained from faucets at no cost. The fee is the product of two terms: the transaction length, in bytes; and the market fee density. Electrum is fast, because it uses servers that index the Bitcoin blockchain. See this list of Testnet servers. Access your wallets seed through the seed icon in the lower right of the main screen, or by choosing Seed from the Wallet menu. Your wallet is never down.
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