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I have some fund in Multibit, a wallet that has now become almost unusable. I do not want to risk transferring all my bitcoins to another non-Multibit wallet because my last transaction is still stuck in "sending" mode weeks after I sent some bitcoin.

So I am wondering if it is possible to sign up with another wallet provider and somehow recover my Multibit funds directly from the blockchain.

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Yes you can, depending on what version of multibit you have, you can do the following :

  • Installed Electrum (Linux) and used restore option. Used my 12 Multibit HD words and created a new wallet. It is empty. Checked Multibit and the funds are still here. What am I doing wrong? – elmclose Jun 5 '17 at 9:59
  • Ok correction. Seems like you ran into HD wallet compatibility issue due to different derviation paths. Check the mnemonic compatibility sheet here bitcointalk.org/index.php?topic=1000544.0. You can try with Mycelium. – dark knight Jun 5 '17 at 10:17
  • I checked the link and it looks as if it is a work in progress. I will try Myceilium and report the result. Let us suppose Multibit is not compromised but simply stops supporting its customers. What happens to the funds? Is blockchain network robust enough to allow wallet holders to recover their funds (in another wallet such as Mycelium) bypassing Multibit altogether? – elmclose Jun 6 '17 at 8:01
  • Both multibit/mycelium is open source and not a website. They use SPV to interact with blockchain network – dark knight Jun 7 '17 at 9:45
  • @darkknight: I think you may be able to answer this question: bitcoin.stackexchange.com/q/54447/5406 Could you please take a look? – Murch Jun 13 '17 at 4:13

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