This article will help you create a new wallet for bitcoin, bitcoin cash or litecoin using their version of the Electrum software and then how to sign a message using the wallet’s private keys.
If you already have an Electrum wallet created, you can skip to the Sign a message with your wallet address section.
Creating an Electrum wallet
First of all, you need to download the appropriate wallet software for your operating system:
Bitcoin cash: https://electroncash.org
This example will use the Windows version of the software, but the other versions will be very similar.
Once you have downloaded and installed the software, open up Electrum, the following steps may vary slightly between different versions of these wallets and their updates.
You will be presented with the following window. If you’re not, just select
The wallet name here is just a file name and can be anything you wish. Click
Next after choosing a name.
In the next screen choose
Standard wallet and click
In the next screen choose
Create a new seed.
If asked in the next screen choose
The next screen will show you 12 words. These are your seed words and you should record them in a safe place – they are the ultimate keys to your wallet. Once you have done this, click
On the next screen, you must re-enter your seed words in order to confirm. Do this and click
The next screen will let you choose a password for the wallet. This will be required every time you open this wallet on Electrum and is a good idea to use regardless of how safe you think your device is.
Now you are done. You have created a wallet in Electrum.
To generate a wallet address to send your cryptocurrency to, click the
Receive tab. You may need to click the
New Address button if your address doesn’t display immediately.
Sign a message with your wallet address
Certain jurisdictions require that customers prove they own a wallet address before we can allow crypto withdrawals to them. One way to prove ownership is to sign a message of our choosing. To initiate this, login to your Independent Reserve account, go to the accounts page and click the
add button in the
Verified addresses section.
In the following screen enter your wallet address and click
add button. Select BTC as the currency, and enter your wallet address in the
In the next screen you will be presented with a line of text you need to sign. Click the copy icon to copy the text to your clipboard.
Next we need to sign this message. Open up your Electrum wallet, click on the
Tools menu, and select
In the following window paste the text into the
Message text box, and put the wallet address you want to verify in the
Address field (it should be the same address in the message).
Sign button and some text should appear in the
Create a support message on your Independent Reserve account.
Crypto Address Verification and copy in both your
Address and the
If we can verify the signature, then we can verify the address and you will be able to withdraw to it.
If you have any issues, please contact our support team.