Fequently asked questions

How does Qsafe Wallet work?

Qsafe Wallet focuses on speed, security, and user-friendliness while supporting cryptocurrency storage and transactions. It achieves fast startup times by syncing with high-performance servers that handle complex blockchain interactions.

Does Qsafe Wallet trust servers?

Not entirely. Qsafe Wallet never sends private keys to servers. It verifies blockchain data using cryptographic methods like Simple Payment Verification (SPV). Qsafe Wallet connects to multiple servers to ensure redundancy and reliability. One server acts as the main server, but it never receives sensitive data like private keys. Servers provide transaction updates, block headers, and fee estimates. Users can further enhance privacy by running their own Qsafe-compatible server.

What is a seed phrase in Qsafe Wallet?

The seed phrase is a set of random words used to generate your wallet's private keys. It acts as a backup that allows you to restore your wallet. For example: slim sugar lizard predict state cute awkward asset inform blood civil sugar.

How secure is the seed phrase?

The seed phrase has high entropy, offering the same level of security as a cryptographic private key. Qsafe Wallet ensures that the seed phrase is securely generated and stored. Tip: Always write your seed phrase on paper and store it safely. If lost, your funds cannot be recovered.

I forgot my wallet password. What can I do?

If you forget your password, you can restore your wallet using the seed phrase and set a new password. If both your seed phrase and password are lost, your funds cannot be recovered.

My transaction is unconfirmed. What can I do?

Wait: Transactions may take time based on network congestion. Use CPFP (Child Pays for Parent): Create a new transaction with a higher fee to incentivize miners to confirm both transactions. Cancel the Transaction: Cancel replaceable transactions by creating a double-spend transaction with a higher fee.

What does freezing an address mean in Qsafe Wallet?

Freezing an address prevents its funds from being used in transactions. This is helpful for managing your wallet or protecting certain funds.

How is the wallet file encrypted?

Qsafe Wallet employs robust encryption methods: AES encryption for private keys and seed phrases. Wallet files are encrypted on disk, and sensitive data is only decrypted temporarily when required (e.g., signing transactions).

Does Qsafe Wallet support cold storage?

Yes. You can use Qsafe Wallet in conjunction with cold storage for enhanced security.

Can I import private keys into Qsafe Wallet?

You cannot directly import private keys into a seed-based wallet, but you can create a new wallet and select the import private keys option to enter your private keys. Alternatively, you can also sweep private keys. Sweeping transfers the funds associated with a private key into your wallet.