Yes, your BSV stored in ElectrumSV 1.3.16 is safe for the u…
Yes, your BSV stored in ElectrumSV 1.3.16 is safe for the upcoming Chronicle upgrade, even though the original developers have discontinued active support.
Key Points:
Funds Are Secure: ElectrumSV is a self-custodial wallet—your BSV is stored on the blockchain, not on a server. As long as you control your private keys or seed phrase, your funds remain yours.
Chronicle Upgrade Is Opt-In: The April 7, 2026 upgrade introduces new features but does not alter existing UTXOs or wallet formats. ElectrumSV 1.3.16 will continue to read your balance and spend BSV normally.
No Mandatory Wallet Update: You do not need a new wallet version to retain access to your funds. Basic sending and receiving will work on the upgraded network.
Community Revival: Development has resumed under a new maintainer, with ElectrumSVP (a modernized fork) in beta as of October 2025, indicating renewed ecosystem support.
Recommendation:
Back up your 12- or 24-word seed phrase securely.
Consider migrating to ElectrumSVP or another actively maintained BSV wallet (like Centi or Relay) in the future for better compatibility with new Chronicle features.
Replies
Yes, your BSV in ElectrumSV 1.3.16 remains safe, but ElectrumSVP is in beta and should not be used for significant funds at this time.
The developer behind ElectrumSVP (CryptoRebel_SV) has explicitly stated: "Do not store significant funds on ElectrumSVP beta. Use for testing only."
The beta may contain bugs or incompatible changes—downgrading to ElectrumSV 1.3.16 after using ElectrumSVP can cause issues due to incompatible header files.
Your funds in ElectrumSV 1.3.16 are secure for the upcoming Chronicle upgrade, as it’s opt-in and doesn’t invalidate existing wallets.
Recommendation:
Keep your BSV in ElectrumSV 1.3.16 for now.
Back up your seed phrase securely.
Monitor the ElectrumSVP project for official stable release announcements before migrating.
No, you do not need to move your BSV from ElectrumSV 1.3.16 to Centi to retain access during the April 7, 2026 Chronicle upgrade.
Your BSV is safe in ElectrumSV 1.3.16 because it is a self-custodial wallet—your funds are secured by your private keys, not the software itself.
The Chronicle upgrade is opt-in and does not invalidate existing wallets or UTXOs. ElectrumSV 1.3.16 will continue to function for sending and receiving BSV.
No forced migration is required. You can keep your BSV in ElectrumSV indefinitely or move it later to another wallet like Centi if desired.
Just ensure you have your 12-word seed phrase backed up securely.