How to Install Electrum Bitcoin Wallet on Ubuntu 16.04
To Install Electrum Bitcoin Wallet on Ubuntu 16.04
Electrum bitcoin wallet is free and open source bitcoin wallet software released under the MIT license, available for Linux, Windows, OS X and Android. It is so simple to install Electrum Bitcoin Wallet on Linux. This tutorial is going to show you how to install and use Electrum Bitcoin wallet on Linux Ubuntu 16.04.
To Install Electrum Bitcoin Wallet
Make sure you install all the necessary dependencies by making use of the following command.
root@linuxhelp:~# apt-get install python3-setuptools python3-pyqt5 python3-pip
Reading package lists... Done
Building dependency tree
Reading state information... Done
The following additional packages will be installed:
libpython3-dev libpython3.5 libpython3.5-dev libpython3.5-minimal libpython3.5-stdlib libqt5clucene5 libqt5designer5 libqt5help5
python3-dev python3-sip python3-wheel python3.5 python3.5-dev python3.5-minimal
Suggested packages:
python3-pyqt5-dbg python-setuptools-doc python3.5-venv python3.5-doc binfmt-support
The following NEW packages will be installed:
libpython3-dev libpython3.5-dev libqt5clucene5 libqt5designer5 libqt5help5 python3-dev python3-pip python3-pyqt5
python3-setuptools python3-sip python3-wheel python3.5-dev
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Setting up python3-pyqt5 (5.5.1+dfsg-3ubuntu4) ...
Setting up python3-setuptools (20.7.0-1) ...
Setting up python3-wheel (0.29.0-1) ...
Processing triggers for libc-bin (2.23-0ubuntu3) ...
Once it is done, make use of pip to install Electrum bitcoin wallet.
root@linuxhelp:~# pip3 install https://download.electrum.org/3.0.6/Electrum-3.0.6.tar.gz
Collecting https://download.electrum.org/3.0.6/Electrum-3.0.6.tar.gz
Downloading https://download.electrum.org/3.0.6/Electrum-3.0.6.tar.gz (2.6MB)
100% |████████████████████████████████| 2.6MB 267kB/s
Collecting pyaes> =0.1a1 (from Electrum===3.0.6)
Downloading pyaes-1.6.1.tar.gz
Collecting ecdsa> =0.9 (from Electrum===3.0.6)
Downloading ecdsa-0.13-py2.py3-none-any.whl (86kB)
100% |████████████████████████████████| 92kB 392kB/s
Collecting pbkdf2 (from Electrum===3.0.6)
Downloading pbkdf2-1.3.tar.gz
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Successfully installed Electrum-3.0.6 PySocks-1.6.8 dnspython-1.15.0 ecdsa-0.13 jsonrpclib-pelix-0.3.1 pbkdf2-1.3 protobuf-3.5.1 pyaes-1.6.1 qrcode-5.3
Note: You can download latest version from official sight
Once that’ s done, start Electrum by typing in electrum command in terminal or from your app launcher.
Upon the first launch, a setup wizard appears. The first question lets you choose the way of connecting to a server.
Next, select the type of wallet you want. Here Standard wallet is chosen.
Note the following:
- Standard wallet is the most common type.
- Wallet with two factor authentication provides stronger security.
- Multi-sign wallet is a wallet that requires multiple person to authorize a bitcoin payment.
- Watch bitcoin address allows you to monitor the balance of the address but it doesn’ t allow you to spend the bitcoins
Then, select create a new seed if you never used Electrum bitcoin wallet before.
In the next step, you will see your private and unique seed. Copy it to your system clipboard and also save it at a secure place.
Then paste your seed in the next window.
After that, you can optionally encrypt your wallet keys with a password
Now you shall have a new Electrum bitcoin address
With this, the installation of Electrum Bitcoin Wallet on Ubuntu 16.04 comes to an end.
#pip3 install https://download.electrum.org/3.0.6/Electrum-3.0.6.tar.gz
Standard wallet is the most common type.
Wallet with two factor authentication provides stronger security.
Multi-sign wallet is a wallet that requires multiple person to authorize a bitcoin payment.