Electrum-AUDAX is a simple, but powerful AUDAX wallet. A 12-word security passphrase (or "seed") leaves intruders stranded and your peace of mind intact. Keep it on paper, or in your head...and never worry about losing your AUDAX to theft or hardware failure. No waiting, no lengthy blockchain downloads and no syncing to the network.
- Use instantly: Electrum doesn't download the blockchain or require your computer to sync with the network. Instead, it is maintained on a tamper-proof, remote server.
- Safe: Your unique twelve word pass-phrase and private keys are never sent to the AUDAX Electrum servers. All information received from the server is verified using Simplified Payment Verification (SPV).
- Forgiving: Never be concerned about losing your wallet! With your unique twelve-word seed, you can always recover and restore your wallet...even if you sustain the worst of hardware or software failures.
- Cold storage: Use AUDAX Electrum to generate and manage your secure offline wallets, enabling you to take some or all of your funds completely offline.
- Accessible: Export your private keys to other AUDAX clients, at your convenience.
- Add-ons: AUDAX Electrum supports third-party plugins: Multisig services, Hardware wallets, etc.
- Multisig: Split the permission to spend your coins between several wallets.
- No Lock-In: You can export your private keys and use them in the AUDAX Core wallet.
- Two factor authentication: Be safe from malware Use two-factor authentication.
Frequently Asked Questions
- What is the Seed?
- AUDAX Electrum uses a 128-bit random seed to generate your private keys. The seed can be represented as a 12-word mnemonic code. You do not need to perform regular backups, because your wallet can be recovered from the seed that you can memorize or write on paper.
- What is the gap limit?
- The gap limit is the maximum number of consecutive unused addresses in your deterministic sequence of addresses. AUDAX Electrum uses a gap limit to stop looking for addresses. This is set to 5 by default, so the client generates new addresses until 5 unused addresses are found.
- What does it mean to "freeze" an address?
- When you freeze an address, the funds in that address will not be used for sending AUDAX. You cannot send AUDAX if you don't have enough funds in non-frozen addresses.
- What should I do with my old AUDAX addresses and wallet when switching to AUDAX Electrum?
- The best way to switch to Electrum is to send all the AUDAX you have on your old wallet to one of the addresses on your Electrum wallet. This way you'll have all your AUDAX secured with your seed. You could import the private keys from your old client, but in that case you would have to backup those keys separately, as they won't become part of your Electrum seed.
- Where is my wallet file located?
- A default wallet file called default_wallet is created under the /wallets folder when you first run the application. On Windows, this folder is located in \Users\YourUserName\AppData\Roaming\Local\electrum-audax. On all other operating systems, it is located in ~/.electrum-audax.
- What is a blockchain?
- A blockchain is long record of every single transaction ever made. Each AUDAX traded for a good or service is marked on the ledger with a transaction id and the origination and target wallet addresses.
Join the AUDAX Conversation
The AUDAX community is a vibrant, respectful and open environment; we are united in the vision of working towards attaining global adoption of cryptocurrency in everyday commerce. We invite you to join our community today - join the AUDAX conversation!