Apps:Electrum

Trezor Wiki/User/User manual/Apps/ Electrum

Electrum is an open-source lightweight desktop wallet for Windows, Linux, MacOS and Android OS. Linux users have to install Python tools, but there is no need to install these on Windows and MacOS systems.

It is also possible to connect Electrum wallet to your own full node using Electrum Personal Server. For more information, see this GitHub page.

ImportantPlease keep in mind that we do not develop nor maintain third-party software, so we cannot guarantee their full functionality. However, your private keys are always safely protected by your Trezor device, no matter what third-party application you use it with.

How to install Electrum with Trezor device on Linux

For Linux (based on Ubuntu/Debian), it is necessary to install the python-trezor tools first. You will need Python3 installed.

1. Run:

sudo apt-get install python3-dev python3-pip cython3 libusb-1.0-0-dev libudev-dev
sudo pip3 install trezor[hidapi]

2. Now you can follow the installation guide for electrum on electrum.org.

See also this GitHub page for more information

Trezor user manual

1. To import your Trezor public account keys, connect your device, start Electrum and create a new wallet.

2. Choose Standard wallet.

3. Choose Use a hardware device.

4. Choose the type of addresses in your wallet account.

• legacy (p2pkh)

This account is the same as Legacy accounts in Trezor Wallet with addresses beginning with 1 which does not support SegWit.

• p2sh-segwit (p2wpkh-p2sh)

This account is the same as Standard accounts in Trezor Wallet with addresses beginning with 3 and SegWit support.

• native segwit (p2wpkh)

This account supports Bech32 standard and is not fully supported in Trezor Wallet yet, but it is supported by Trezor firmware.

5. After all your public keys are imported and the wallet transaction history is synced, you will be able to see the transactions history and all your account addresses.

Advanced features

Multisig

It is possible to use MultiSig in Electrum with Trezor device. For more information please see this blog.

Coin control

• Sending bitcoins

With Electrum wallet, it is possible to control which specific address to use if you want to send bitcoins.

• Change addresses

All change addresses that were generated and used by the account are visible.

• No limit for address creation

Electrum wallet doesn't have any specific limit for address creation under one account.

Recovering funds without Trezor device

In case your Trezor device gets lost or damaged, you can access your funds using your recovery seed and Electrum.

WarningThis should be used in emergency situations only. To keep your funds safe at all times, we recommend getting a new Trezor device to recover your funds (see Recovery) and not revealing your recovery seed to any third party. If you do decide to reveal your seed to a third party, send the funds to a new Trezor-secured account as soon as possible.

To recover your wallet in Electrum, follow these step:

1. Open Electrum and go to File > New/Restore.
2. Enter (any) name for your wallet.
3. Select "Standard Wallet".
4. Select "I already have a seed".
5. Enter your recovery seed. Separate the individual words using spaces (e.g. tree, all, hazard).
6. Click on Options and check "BIP39 Seed".
7. Unless you use a passphrase, do not check "Extend this seed with custom words". Click on Next.
8. If you used Trezor Wallet before, select p2sh-segwit (or legacy) account.
9. Set up a password or leave the fields empty.
10. Done.

NoteElectrum does not support multiple accounts per wallet. If you use multiple accounts, you need to import them individually. You need to change the derivation path for each account, e.g.:

• m/49'/0'/0' (first account)
• m/49'/0'/1' (second account)
• m/49'/0'/2' (third account)

Additional resources

• Electrum homepage https://electrum.org/
• Electrum GitHub https://github.com/spesmilo/electrum

Properties and Features

Wallet property		Description
Platform	✔	Windows, Linux, OSX, Android
Coin(s)	✔	Bitcoin
Languages	✔	English
Address Book	✔	Manage contact list of receiving and sending addresses
Labelling	✔	Add comments and labels to accounts and transactions

Trezor feature		Description
Basic Setup	✔	Generate new wallet with recovery seed, set PIN and label device
Safe Recovery	✔	Recover Trezor by safely entering your recovery seed (12, 18 or 24 words)
Simple transactions	✔	Sign transaction with Trezor and confirm address and amount on display
Multisig transactions	✔	Sign multisignature transaction with Trezor
Hidden Wallets	✔	User can access hidden wallets each behind arbitrary passphrase
Multiple Accounts	✔	Capable of creating and working with multiple accounts
Smart PIN Matrix	✔	Keylogger protection, displaying PIN matrix on Trezor's display
Watch-only mode	✔	Remembering account, generating new receiving address with Trezor disconnected
Show on Trezor	✔	Phishing protection, validation receiving address on Trezor
Change PIN	✔	User can change Trezor's PIN
Change Name	✔	User can change Trezor's name
Custom Homescreen	✔	User can upload personalized default screen
Update Firmware		Notify user and update firmware when a new version is available
Wipe device	✔	Erase private keys from Trezor
Sign Message	✔	Securely sign short text
Verify Message	✔	Securely verify short text
Fast Recovery	✔	Recover by directly loading seed into Trezor, fast but less safe way to recover wallet
Wallet Encryption		Wallet can be decrypted and opened using Trezor only
Sign in with Trezor		Trezor is used for online authentication without using username and password