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I would like to transfer my btc wallet to an electrum wallet. Syncing is taking to long.

RedGrittyBrick
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requim
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2 Answers2

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Follow this guide.

Summary:

  • Download Electrum and verify the signature to prove it was not modified in transit. Create a new Standard Wallet and choose "Create a new seed". Electrum will give you a seed phrase which you should write down on paper.

  • If using Bitcoin-Qt, click Window -> Console.

  • If your wallet is encrypted, use this command to decrypt it for 5 minutes (300 seconds):

walletpassphrase your-wallet-passphrase 300

If addresses with balance are known:

  • Use the dumpprivkey command to get the private key. Repeat for as many bitcoin addresses as have money in them.
dumpprivkey <your bitcoin address>

If addresses with balance are not known:

  • Use the dumpwallet command to get all private keys from the wallet.
dumpwallet path/to/exported-wallet.txt

  • In the Electrum window, click Wallet -> Private Keys -> Sweep. Paste the private keys from Bitcoin-Qt here. Check the resulting transaction is okay and click Broadcast to sweep from the addresses in Bitcoin Core to the Electrum wallet.

    • If the address generated from the private key is wrong, then on the Sweep Private keys dialog box in Electrum click the Info box in the upper-right. It will give instructions for prefixing your private key so that the correct address is generated. For example if your address starts with 3 then use p2wpkh-p2sh:[your-private-key].

Warning: Make sure the Electrum wallet is not a watch-only wallet. The Electrum window title bar should not say [watching-only].

Septem151
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    Worth noting that "sweeping" cost mining fees, it's actually transferring all the coins to the newly created Electrum wallet. – Chris Chen Jan 04 '20 at 15:42
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Turn off the syncing using the icons in the bottom right and send your coins using the send tab.

Abdussamad
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