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Need Help Recovering LTC

Open Volvigo opened this issue 8 years ago • 5 comments

Hi guys, I am relatively new to online currencies and really screwed up when trying my hand at it for the first time. So I bought LTC off of coinbase and then tried moving my LTC to an electrum wallet. After moving the LTC to the wallet I realized that I had moved my LTC into a BTC type of electrum wallet. So, after spending a bit trying to figure out that I finally moved it to a 2-of-3 type of multisig, electrum LTC wallet but here is where the really problem starts. I lost my seed to my 2-of-3 wallet, also I cannot send any currency from said wallet because I was really excited when I saw I had my LTC back that I forgot to make a second wallet for signatures. I do not know if there is any way to retrieve my LTC back, I am still currently in full control of the LTC just unable to access the wallet seed and spend and of my coins. Thanks in advance for all the help.

Volvigo avatar Nov 10 '17 18:11 Volvigo

Could you maybe describe the steps you took in more detail? I'm having a hard time trying to understand what exactly happened.

pooler avatar Nov 13 '17 13:11 pooler

So basically I bought LTC off of coinbase and then transferred the LTC from coinbase to an electrum btc wallet (here's the transaction code if it matters - c36bef2a69fa4fd14abbe98cd4f21763d9f78efccc4c20f708cb33a2774bf13a) and then realized i fucked up big time sending it to a BTC wallet because I was not able to send the currency anywhere else and sweeping did not seem to work so I followed these steps "Two-factor authentication is a service provided by TrustedCoin (see here), and they do not support Litecoin, which is why this option isn't present in Electrum-LTC. Now, the problem is that 2FA seeds are a special variety that isn't supported by Electrum-LTC (for the reason above). It should still be possible to recover the coins, I'm just not entirely sure how without writing ad-hoc code. Here is what I would try. First of all, in Electrum for Bitcoin, make a new wallet restoring from your 2FA seed, and when asked select to disable TrustedCoin. Do not enter a password. Then, close Electrum and open the wallet file you just created in a text editor. You will find 3 xpub and 2 xprv addresses. Open Electrum-LTC and create a new multi-sig wallet with a 2-of-3 scheme. Use the first xprv address and the other two xpub addresses. This should give you a wallet with the right addresses."

And I think where I made the mistake was that the wallet I made was in Electrum-LTC instead of in Electrum-BTC before ever restoring my seed in Electrum-BTC as said in the instructions "in Electrum for Bitcoin, make a new wallet restoring from your 2FA seed, and when asked select to disable TrustedCoin. Do not enter a password." So i now have a wallet in electrum-LTC which has my currency on it but I am only in control of 1 of the signatures. I hope i explained things better and if i did not feel free to ask more questions and help will be greatly appreciated.

Volvigo avatar Nov 14 '17 01:11 Volvigo

So, you sent litecoins to an address (beginning with 3) which was part of a 2FA wallet created with Electrum (for Bitcoin). Is that correct? You should have mentioned that the wallet was 2FA in your original post, because plain multisig is a different wallet type.

I am still not sure I understand what your problem is, though. If you think you made a mistake following the recovery procedure outlined in #68, why can't you just start over?

pooler avatar Nov 14 '17 10:11 pooler

Ill try that and see how it goes

Volvigo avatar Nov 17 '17 00:11 Volvigo