Electrum wallet

This document explains how to connect a desktop Electrum Wallet to Bitcart.

Electrum wallet is recommended, as Bitcart is tightly integrated with it, providing the best user experience and speed.

1. Register an account in your Bitcart instance

2. ​Download and install Electrum Wallet

Electrum Wallet Setup

After the installation, open Electrum Wallet by clicking on the icon on your desktop.

Quick Setup

1. Create a new Electrum Wallet

2. In Electrum, Wallet > Information - copy the Master Public Key.

3. In Bitcart, Wallets > Create wallet > Paste the Extended Public Key in xpub field

Step by Step

The following setup guides you through setting up an entirely new Bech32 (SegWit) Wallet in Electrum. If you already have a wallet skip to the Extended Public Key copying.

Firstly, give your wallet a name, for example, Bitcart Wallet and click Next.

Enter your new wallet's name

Choose Standard wallet and proceed by clicking the Nextbutton.

Select wallet type

Since we're creating a brand-new wallet,choose Create a new seed and Next

Create a new seed

From the multiple choice menu, select SegWit and Next

Select Segwit

IMPORTANT NOTE: If you're a merchant, instead of SegWit (Bech32), it's recommended to use SegWit wrapped (P2SH) format. This guide explains how to create P2SH wallet in Electrum that's more suited for merchants, due to compatibility with legacy wallets customers use.

IMPORTANT NOTE 2: Write down your recovery words in the order you see them on the screen. Write them down a piece of paper and store it somewhere secure. Take your time and triple check each word. Do not store your seed in a digital format (photograph, text document). Whoever has the access to your seed can access your funds. Confirm that the seed has been properly backed up by re-entering it in the same order. Once the seed is validated, proceed to the next step.

Backup your seed!

It's highly recommended that you encrypt your wallet. Select a password that you can easily remember and mark make sure Encrypt Wallet File is marked. Proceed by clicking Next.

Encrypt your wallet!

When the wallet loads (it may take few moments), in the top menu, click on the Wallet and thenInformation .

See wallet information

Select and copy the Master Public Key. This is the public key from which Bitcart will derive addresses.

Copy the Master Public Key

Return to your Bitcart. Click on the Details button in the Wallets card and click on the New Wallet button. Enter your wallet name and Paste the Master Public Key from electrum to xpub field. Click Save.

Add new wallet

Configuring the Gap Limit in Electrum

In the top menu, click on the View and thenShow Console .

Show console

Enter following commands in Electrum console and press enter on your keyboard.

 wallet.change_gap_limit(100) 

If you are running a version older than Electrum 4, also enter the following command and press enter

wallet.storage.write()

Enter the commands here

Restart your Electrum and verify that the newly set gap limit is correct by entering in the console:

wallet.gap_limit

There's no good answer to how much you should set the gap limit to. Most merchants set 100-200. If you're a big merchants with high transaction volume, you can try with even higher gap limit.

For more details about the Gap Limit, check the FAQ.

Electrum and Bitcart are now connected. Any payments received to your Bitcart will be visible in Electrum, where you can further spend them.