Having applied for access to the new Proton Bitcoin Wallet they emailed me today saying I now have access.
So here's my experience so far-
It opens easily and has a 12 word seed.
I tried using that seed to create an Electrum wallet but Electrum did not recognise the seed phrase- so not sure why that was. Proton claims their wallet can be used to open any wallet using the same BIP39 mnemonic and 12 or 24 seed words...so not sure why Electrum could not create a wallet using Protons 12 word seed phrase?
The Proton wallet links the user to buy Bitcoin via two secondary merchants so I decided to try the one that offered the best price- Banxa.
You move from the proton website to the Banxa website for this.
I entered the name address and ID they requested an then paid via a credit card and payment was accepted.
The link showed payment confirmed and ID approved but then about an hour later an email was sent from Banxa saying the transaction was cancelled and they would refund my credit card.
No explanation why.
Have not tested the wallet for transactions as there is nothing in it but it seems ok so far with a fairly intuitive layout but the service from Banxa was of a below average standard IMO.
146 sats \ 2 replies \ @DrStacker 21 Aug
Electrum uses a different wordlist. Did you check the button below where you enter the seed phrase, that you will use a BIP39 seed phrase? It should let you enter any seed phrase, of any length, and any characters you enter after that. Then it has the option to scan for existing wallets using that seed phrase across a few derivation paths.
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16 sats \ 1 reply \ @Solomonsatoshi OP 21 Aug
You are right- I have just done as you suggest. Never noticed the 'options' box before but as you say it gives options to choose BIP39 and so I choose that and it created an Electrum wallet based on protonwallets seed. Thank you.
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21 sats \ 0 replies \ @DrStacker 23 Aug
No problem, glad it worked out for you!
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0 sats \ 0 replies \ @Athena 21 Aug
Thanks for sharing your experience.
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0 sats \ 0 replies \ @brihuang 21 Aug freebie
I'm a user of all of Proton's products and this one has me very excited. I also had some weird issues importing a previous BTC wallet into Proton so I ended up making a new one.
Sending to another Proton user via email address is going to be a game-changer for me! I wonder if they would consider adding Lightning in the future