Frequently Asked Questions How does Electrum work? My transaction has been unconfirmed for a long time. Can I import private keys from other Bitcoin clients? Can I sweep private keys from backup my bitcoin wallet Bitcoin clients?
Where is my wallet file located? Can I do bulk payments with Electrum? Can Electrum create and sign raw transactions? Electrum freezes when I try to send bitcoins. How can I pre-generate new addresses? The seed is a random phrase that is used to generate your private keys. Your wallet can be entirely recovered from its seed.
The seed phrase created by Electrum has 132 bits of entropy. It is not possible to recover your password. However, you can restore your wallet from its seed phrase and choose a new password. If you lose both your password and your seed, there is no way to recover your money. This feature is enabled by default in recent versions of Electrum.