Wallet security

Change password

To change the wallet’s password, select the Wallet > Password option from the main menu, or click on the lock icon in the lower right of the main window. Enter and confirm a new secure password. Should you forget your wallets’ password, all is not lost. Your wallet can be restored in its entirety using the backup procedure described here.


In GoByte Electrum, a seed is a complete backup of all addresses and transactions. Access your wallet’s seed through the seed icon in the lower right of the main screen, or the Wallet > Seed main menu option. When prompted, enter the secure password you chose when setting up the GoByte Electrum wallet.


Displaying the wallet recovery seed in GoByte Electrum

Hand-copy the twelve words found in the box to a piece of paper and store it in a safe location. Remember, anyone who finds your seed can spend all of the funds in your wallet.


Viewing the recovery seed

Alternatively, a backup file can be saved using the File > Save Copy main menu option. This file stores the wallet’s encrypted seed along with any imported addresses. Restoring this backup will require the wallet password.


The only thing needed to recover a GoByte Electrum wallet on another computer is its seed. You can test wallet recovery with your current installation of GoByte Electrum by selecting the File > New/Restore menu item. A dialog will appear asking you to name your new wallet. Enter a name, select Standard wallet as the wallet type and then choose I already have a seed.


Restoring a wallet from an existing seed

Next, copy the twelve word seed into the text field.


Entering the recovery seed

If your seed was entered correctly, GoByte Electrum gives you the option to add a password for your wallet. After restoring your wallet, GoByte Electrum will list any existing transactions from this wallet. This process may take a few minutes, and the transactions may appear as Not Verified. This problem disappears after restarting the program.


Unverified transactions after recovery

To restore a wallet file without using the recovery seed, copy the file to the application data folder according to your operating system:

  • Linux: Open Files, select Go > Go to folder, copy the path ~/.electrum-gobyte and paste it into the dialog box.
  • macOS: Open Finder, select Go > Go to Folder, copy the path ~/.electrum-gobyte and paste it into the dialog box.
  • Windows: Open Explorer, copy the path %APPDATA%\Electrum-GBX and paste it in to the address bar.