How Do You Add Money To Bitcoin
2021年4月7日Register here: http://gg.gg/oyhap
A lot of people have gone through our training on how to make their first purchase of Bitcoin, and then how to use that Bitcoin to buy other specific altcoins.
*How Do You Deposit Money Into Bitcoin
*How To Add Money To Bitcoin
*How Do You Add Money To Bitcoin
But there is one last piece to this puzzle missing.
And that is how to add Bitcoin to your offline or hardware wallet.
Users can use PayPal to send money, receive money and make online purchases anywhere in the world. In addition to all the existing services, now you can also use PayPal to buy bitcoins on Paxful. Paxful makes the process of purchasing BTC with PayPal whole lot simpler. Pay with PayPal to have bitcoin in your Paxful wallet in less than an hour. The Bitcoin network holds and transfers a token called Bitcoin. What you are looking for is someone who is willing to sell you Bitcoin in exchange for some of the fiat currency in your bank account. This is fundamentally different than transferring money from a bank account to a bitcoin address.
This step is extremely important.
When you first buy any sort of cryptocurrency, you most likely are using an exchange to do so.
There are other ways to purchase Bitcoin, like using a Bitcoin ATM machine, but 99% of people will be using an exchange to get their hands on this digital gold.
But there is a risk to this.The Risk Of Leaving Your Bitcoin On An Exchange
The risk is that you are leaving your Bitcoin open to attacks from hackers and thieves.
What you must understand is that when you sign up to an exchange, your account is associated with cryptocurrency public addresses.
This means that you have your own destination that you can share with others to send and receive Bitcoin and other cryptocurrencies.
How to find your public address is pretty much the same for every exchange, so if you know how to find it on one, you’ll easily be able to find it on any other one.
So, as an example, here is how you find your Bitcoin public address on Binance:
You go to the top right corner and hover over “Funds.”
Then click “Balances”.
This then brings you to a page of all of the cryptocurrencies available for purchase on the exchange.
Assuming we want to know our Bitcoin public address, type in “Bitcoin” in the search bar.
Then click “deposit”.
Here is where your Bitcoin public address is.
If you bought Bitcoin through Binance, this is where your Bitcoin would be sent.
If you also bought Bitcoin on another exchange – let’s say Coinbase – and wanted to send it to Binance so you could purchase another cryptocurrency with it, this is the address you would copy and paste to do so.
But there is a problem with this.
The problem is that you only have access to this address: your PUBLIC address.
But you DO NOT have access to your PRIVATE address.
This is why you NEVER want to leave your cryptocurrencies on ANY exchange.
Think of your private address as the password to your bank account – if someone knows what it is, they can simply login in and drain your account.
I’m not saying that anyone at Binance has access to your private key, but what I AM saying is that your private key is stored online.
And YOU don’t even have access to it.How Do You Deposit Money Into Bitcoin
And this is a huge problem.
You should never store your Bitcoin, altcoins, or any other cryptocurrency in a wallet that stores its private key online.
Especially not an exchange wallet.
So what you have to do is deposit your Bitcoins into an offline (hardware) wallet.
The first step in doing so is to actually get yourself a hardware wallet.Bitcoin Hardware Wallets That Are Safe To Deposit Your Funds
The 3 most popular, highly-praised hardware wallets in terms of safety in adding Bitcoin to are:How To Add Money To Bitcoin
These wallets are top of the line and are the highest-security hardware wallets money can buy.What Information Do I Need To Add Bitcoin To My Hardware Wallet?
Okay, so now you bought a hardware wallet.
Great!
The next step to secure your Bitcoin is to add it to your hardware wallet public address.
The wallet that I personally use is the Ledger Nano S.
So I will use this as an example.
Now, before we get into how to actually do this, let’s understand one thing:
Sending and receiving Bitcoin between wallet addresses is universally the same process.
What I mean by this is that depositing your Bitcoin from your Kucoin exchange wallet to your Trezor wallet is the same process as depositing Bitcoin from your Cex.io wallet to your KeepKey wallet, which is the same process as depositing your Bitcoin from your Coinbase wallet to your Ledger Nano S wallet.
This is because, in every instance, all you need are the same two pieces of information:
*Your login credentials
*The public address of the destination wallet
If you have both of these things, you can successfully add Bitcoin from your online wallet to your offline wallet.Funding Your Bitcoin Account And Adding It To Your Wallet – The Entire Process
Now it’s time to figure this whole process out.
How do I go from having my money in hand, to buying Bitcoin with it, and then adding that Bitcoin to my wallet?
This is how you do it.
For this example, I’m going to use one of the most popular exchanges and one of the most popular hardware wallets.
We will be taking our Bitcoin from our online Coinbase wallet, and depositing it into our offline Ledger Nano S wallet.1. Buy Bitcoin On Coinbase.
So, obviously, the first thing you have to do is actually buy the Bitcoin.
There are many places you can buy Bitcoin from, but for the purposes of this example, let’s say we use Coinbase.
We actually have a full, step-by-step walkthrough of exactly how to buy Bitcoin on Coinbase.
We will continue on, assuming you have gone and read this article.2. Locate Your Ledger Nano S Public Address.
Now that we have actually made our Bitcoin purchase, it is now time to take it off of the exchange and place it in our safe, offline wallet.
To do this, we must find the public address of our hardware wallet.How Do You Add Money To Bitcoin
For the Ledger Nano S, this how you find it:
Go to the Ledger Wallet website and download the Ledger Wallet Bitcoin & Altcoins.
Then, plug in your Ledger Nano S.
When you plug the Ledger Nano S into your computer, this screen will show up:
Here, it will ask you if your Bitcoin address is Segwit or Legacy.
For fear of going too far down the rabbit hole here, simply select “I don’t know” for now.
We will explain the difference between Segwit and Legacy addresses in a future article.
Next you will see this screen.
Click “receive.”
Here, it will display your public Bitcoin address.
This is the wallet address that you will be adding your Bitcoin to.3. Fund Your Wallet By Depositing The Bitcoin To This Public Address
Now that you have the public address of your destination offline wallet, you have to go to Coinbase and send the Bitcoin to it.
Note that I have bought $100 worth of Bitcoin in order to show you how this transaction works (a little less because of the transaction fees and volatility).
On your Coinbase dashboard, go to “Accounts”.
You’ll see the total amount of Bitcoin in your Coinbase wallet on the left.
We want to send the Bitcoin from this wallet to our Ledger Nano S wallet.
Click “send”.
Here is where you copy and paste your Ledger Nano S public address.
Keep in mind that, as I said, this process is the same for all exchanges.
You simply find the specific cryptocurrency you are trying to fund your offline wallet with, and then click either “send” or “withdraw”.
Most exchanges actually saw “withdraw”.
But the option is the same.
Two areas typically pop up when you do this:
*The destination public address
*The amount you are sending
That’s all the information your have to put it.
You just need to know the public address of the wallet you are funding, and the amount you wish to send.
In this case, I’m just going to send the entire amount.
Click “continue”.4. Confirm This Transaction Via Email
Depending on the exchange, there may be a verification email sent to you in order to confirm this transaction.
This is simply an added security feature in order to make sure it is actually you that is sending the money.
Once you find this email and click “confirm”, the transaction is final.
Now all you have to do is wait for the funds to be added to your wallet!
This can take anywhere from a couple minutes up to an hour.
So don’t freak out or stress if you don’t see your wallet funded right away!
The funds are on their way and will be deposited shortly.
If you prefer video, here is a great video detailing the steps of transferring bitcoin between wallets:Adding Bitcoin To Your Wallet: Closing Remarks
And that’s it!
You have officially sent, received, and successfully funded your Bitcoin wallet!
That wasn’t so hard, was it?
Admittedly, I was on the edge of my seat the first time I did it, too.
With this whole world being so new to me at the time, it took a while for me to actually summon the courage to actively send my Bitcoin from one place to another.
But after the first few times, I got used to it.
And you will, too!
Just be sure to take your time and follow this guide step-by-step.
Before you know it, you will have safely added your Bitcoin to your offline wallet!
Good luck!Bitcoin Core Tutorial With Pictures
If you want to follow along with this bitcoin core tutorial you should download bitcoin core and let it synchronize first. When you start Bitcoin Core it will take a long time to synchronize with the Bitcoin network because the software has to download the entire blockchain, which contains over five years of global transaction history. Once you are synced the program will know the balance of every bitcoin address in existence and can verify when you send or receive bitcoins in real time.
Don’t have any bitcoin yet? Get started with Bittrex.com, the leading cryptocurrency exchange since 2014.
You can find a download for the Bitcoin Core Wallet on Bitcoin.org
Once your wallet is synced it should look something like this:
The first thing you should do is Encrypt your wallet. Encrypting your wallet will password protect all of your bitcoin addresses. If you do not encrypt your wallet, anyone with access to your computer can take your bitcoins. There is no recovery process for this password so don’t forget it or all your bitcoins may be lost forever. Once you have completed all the steps Bitcoin Core will have to restart to complete the process.
Once you have Encrypted your wallet, you should backup your wallet file on an external hard drive or USB flash drive. Your wallet file (wallet.dat) stores the data for all of your public & private keys. If you lose this data, you will lose the bitcoin in all of those bitcoin addresses. Anytime you create a new bitcoin address or send bitcoins to someone, Bitcoin Core will add that new information to your wallet.dat file so it is best practice to backup your wallet file regularly.
Now that you are backed up, click under File and go to ‘receiving addresses’. This contains a list of your public keys, they appear as a long string of characters. Most bitcoin addresses start with a 1, but multisig wallets may generate bitcoin addresses that start with a 3 but you don’t need to learn multi-signature for this bitcoin core tutorial.
Here is the Bitcoin Address (public key) that Bitcoin Core generated for me: 1Q3tcw3zkFgwF5Tf1XFX9teZHqk4dqhdGn
At this point you are ready to accept bitcoin. You can share this address with anyone you want to receive money from. I’m going to send myself 0.01 bitcoin from a different wallet, not shown in this bitcoin core tutorial. Depending on the sending wallet the transaction will appear instantly or it may take a few minutes. In this case it took about 15 seconds to show up, and a little notification popped up to let me know to check my Bitcoin Core wallet.
The transaction will appear as pending until Bitcoin Miners confirm the transaction. To confirm a transaction, miners have to find a new block which happens roughly every 10 minutes. Most wallets accept a transaction after 3-6 block confirmations, so the funds are completely available after 30-60 minutes. Some wallets will let you spend the bitcoins after only 1 confirmation, but it is best practice to wait for at least 3 blocks. You can track the progress in from the transactions tab. I know transaction is from a trusted source (me) so I don’t have to wait for any confirmations to move forward with the bitcoin core tutorial. Note: You do not need to leave Bitcoin Core open until the bitcoin is available, miners will confirm the transaction for you even if you close the program.
If you use bitcoin regularly it can be difficult to keep track of your transaction history by seeing only public keys, so you may want to create a new bitcoin address for different purposes and label them. Go back to your receiving addresses and create a new address with a label. You can create as many new addresses as you want. Some people choose to create a new address for every bitcoin transaction.
Now that you have created a new address, backup your wallet file again to make sure the bitcoins in ALL of your public keys are protected.
Okay lets send 0.01 to this new address: 13BBBdLXWf3V97w1JYXbdSnxJWDhT5vsAT
As you can see the transaction comes in labeled instead of the random generated string. This makes it very easy to accept bitcoin as payment, simply by generating a new labeled address anytime you want to accept bitcoin. You can also see that the first bitcoin transaction has been confirmed and the 0.01 bitcoin is available to be spend after only a few minutes. If you are a merchant or service provider that is accepting bitcoin, you can use the Request tab to ask for a specific amount of bitcoin. This will generate a QR code that people with a mobile phone wallet can scan to quickly send the desired bitcoin to your wallet.
You should use specific information so that later you can look back and know where you got that bitcoin from. Click request payment and the QR code will be generated.
Anyone who scans this QR code can now send money to your bitcoin core wallet. By default it will tell them to send 0.015 bitcoin. If you want to accept any number of bitcoins to go back to the request payment tab and create a new payment request but leave the ‘Amount’ portion blank. It will generate a QR code that scans directly to a public key. If you save or print out the QR code, you can shutdown your bitcoin core wallet and accept bitcoin anywhere in the world simply by showing people the QR code image. You can check the balance of your bitcoin address from any computer without opening the bitcoin core wallet and verify any bitcoin transaction that you are expecting from somebody simply by knowing the public key. The simplest way is to go to blockchain.info and search your bitcoin public key. Here is a direct link to check my balance:
If you loaded up your wallet for this bitcoin core tutorial, take a moment to find something you want to buy with bitcoin. Spendabit.co is a great place to start. When you checkout the receiving party will give you their bitcoin address and the total that you need to send. Go to the send tab in Bitcoin Core, and fill in the information. Label the transaction with what you purchased or who you sent the money to.
Once you click send you will be prompted for your password. This is where you enter the password that you encrypted your wallet with.
Most wallets will ask you to confirm your transaction details once more before it sends. They will also notify you of applicable transaction fees and the total bitcoin that will be deducted from your wallet balance. The transaction fees go directly to the bitcoin miners who work hard to keep the bitcoin network strong. You can choose not to pay a fee, but if you do they may push your transaction aside and not process it. To ensure your payment is sent quickly, pay the small fee, I’m doing it just for this bitcoin core tutorial. Right now a bitcoin transaction only costs about $0.03 USD. For that small fee you can send any amount of bitcoin to any person in the world any time you want.
Now that you have sent some bitcoin, lets check the transaction progress. Go to you transaction page right click on the payment that you just sent. Copy the Transaction ID, then go to blockchain.info and do a search for it. Here is a link to mine: https://blockchain.info/tx/e15f2c37fb69e96f91f550feb00108f997616085b1d5b2ab9ae3660c777a5e98
Now you can see all the details of the transaction and confirm that is has been processed. You can send this link as proof that you have paid someone what you owed.
One thing you must remember from this bitcoin core tutorial is the Change Address. A change address is a newly generated bitcoin address that holds the remainder of your bitcoins after you process a transaction. This is why you have to backup your wallet again after you send bitcoins. If my wallet was corrupted and I had to restore it from an old backup, my new balance would be 0.00 BTC instead of 0.0049 because the old backup doesn’t contain the private key for my new change address. That money could be lost forever – backup your wallets.
Register here: http://gg.gg/oyhap
https://diarynote.indered.space
A lot of people have gone through our training on how to make their first purchase of Bitcoin, and then how to use that Bitcoin to buy other specific altcoins.
*How Do You Deposit Money Into Bitcoin
*How To Add Money To Bitcoin
*How Do You Add Money To Bitcoin
But there is one last piece to this puzzle missing.
And that is how to add Bitcoin to your offline or hardware wallet.
Users can use PayPal to send money, receive money and make online purchases anywhere in the world. In addition to all the existing services, now you can also use PayPal to buy bitcoins on Paxful. Paxful makes the process of purchasing BTC with PayPal whole lot simpler. Pay with PayPal to have bitcoin in your Paxful wallet in less than an hour. The Bitcoin network holds and transfers a token called Bitcoin. What you are looking for is someone who is willing to sell you Bitcoin in exchange for some of the fiat currency in your bank account. This is fundamentally different than transferring money from a bank account to a bitcoin address.
This step is extremely important.
When you first buy any sort of cryptocurrency, you most likely are using an exchange to do so.
There are other ways to purchase Bitcoin, like using a Bitcoin ATM machine, but 99% of people will be using an exchange to get their hands on this digital gold.
But there is a risk to this.The Risk Of Leaving Your Bitcoin On An Exchange
The risk is that you are leaving your Bitcoin open to attacks from hackers and thieves.
What you must understand is that when you sign up to an exchange, your account is associated with cryptocurrency public addresses.
This means that you have your own destination that you can share with others to send and receive Bitcoin and other cryptocurrencies.
How to find your public address is pretty much the same for every exchange, so if you know how to find it on one, you’ll easily be able to find it on any other one.
So, as an example, here is how you find your Bitcoin public address on Binance:
You go to the top right corner and hover over “Funds.”
Then click “Balances”.
This then brings you to a page of all of the cryptocurrencies available for purchase on the exchange.
Assuming we want to know our Bitcoin public address, type in “Bitcoin” in the search bar.
Then click “deposit”.
Here is where your Bitcoin public address is.
If you bought Bitcoin through Binance, this is where your Bitcoin would be sent.
If you also bought Bitcoin on another exchange – let’s say Coinbase – and wanted to send it to Binance so you could purchase another cryptocurrency with it, this is the address you would copy and paste to do so.
But there is a problem with this.
The problem is that you only have access to this address: your PUBLIC address.
But you DO NOT have access to your PRIVATE address.
This is why you NEVER want to leave your cryptocurrencies on ANY exchange.
Think of your private address as the password to your bank account – if someone knows what it is, they can simply login in and drain your account.
I’m not saying that anyone at Binance has access to your private key, but what I AM saying is that your private key is stored online.
And YOU don’t even have access to it.How Do You Deposit Money Into Bitcoin
And this is a huge problem.
You should never store your Bitcoin, altcoins, or any other cryptocurrency in a wallet that stores its private key online.
Especially not an exchange wallet.
So what you have to do is deposit your Bitcoins into an offline (hardware) wallet.
The first step in doing so is to actually get yourself a hardware wallet.Bitcoin Hardware Wallets That Are Safe To Deposit Your Funds
The 3 most popular, highly-praised hardware wallets in terms of safety in adding Bitcoin to are:How To Add Money To Bitcoin
These wallets are top of the line and are the highest-security hardware wallets money can buy.What Information Do I Need To Add Bitcoin To My Hardware Wallet?
Okay, so now you bought a hardware wallet.
Great!
The next step to secure your Bitcoin is to add it to your hardware wallet public address.
The wallet that I personally use is the Ledger Nano S.
So I will use this as an example.
Now, before we get into how to actually do this, let’s understand one thing:
Sending and receiving Bitcoin between wallet addresses is universally the same process.
What I mean by this is that depositing your Bitcoin from your Kucoin exchange wallet to your Trezor wallet is the same process as depositing Bitcoin from your Cex.io wallet to your KeepKey wallet, which is the same process as depositing your Bitcoin from your Coinbase wallet to your Ledger Nano S wallet.
This is because, in every instance, all you need are the same two pieces of information:
*Your login credentials
*The public address of the destination wallet
If you have both of these things, you can successfully add Bitcoin from your online wallet to your offline wallet.Funding Your Bitcoin Account And Adding It To Your Wallet – The Entire Process
Now it’s time to figure this whole process out.
How do I go from having my money in hand, to buying Bitcoin with it, and then adding that Bitcoin to my wallet?
This is how you do it.
For this example, I’m going to use one of the most popular exchanges and one of the most popular hardware wallets.
We will be taking our Bitcoin from our online Coinbase wallet, and depositing it into our offline Ledger Nano S wallet.1. Buy Bitcoin On Coinbase.
So, obviously, the first thing you have to do is actually buy the Bitcoin.
There are many places you can buy Bitcoin from, but for the purposes of this example, let’s say we use Coinbase.
We actually have a full, step-by-step walkthrough of exactly how to buy Bitcoin on Coinbase.
We will continue on, assuming you have gone and read this article.2. Locate Your Ledger Nano S Public Address.
Now that we have actually made our Bitcoin purchase, it is now time to take it off of the exchange and place it in our safe, offline wallet.
To do this, we must find the public address of our hardware wallet.How Do You Add Money To Bitcoin
For the Ledger Nano S, this how you find it:
Go to the Ledger Wallet website and download the Ledger Wallet Bitcoin & Altcoins.
Then, plug in your Ledger Nano S.
When you plug the Ledger Nano S into your computer, this screen will show up:
Here, it will ask you if your Bitcoin address is Segwit or Legacy.
For fear of going too far down the rabbit hole here, simply select “I don’t know” for now.
We will explain the difference between Segwit and Legacy addresses in a future article.
Next you will see this screen.
Click “receive.”
Here, it will display your public Bitcoin address.
This is the wallet address that you will be adding your Bitcoin to.3. Fund Your Wallet By Depositing The Bitcoin To This Public Address
Now that you have the public address of your destination offline wallet, you have to go to Coinbase and send the Bitcoin to it.
Note that I have bought $100 worth of Bitcoin in order to show you how this transaction works (a little less because of the transaction fees and volatility).
On your Coinbase dashboard, go to “Accounts”.
You’ll see the total amount of Bitcoin in your Coinbase wallet on the left.
We want to send the Bitcoin from this wallet to our Ledger Nano S wallet.
Click “send”.
Here is where you copy and paste your Ledger Nano S public address.
Keep in mind that, as I said, this process is the same for all exchanges.
You simply find the specific cryptocurrency you are trying to fund your offline wallet with, and then click either “send” or “withdraw”.
Most exchanges actually saw “withdraw”.
But the option is the same.
Two areas typically pop up when you do this:
*The destination public address
*The amount you are sending
That’s all the information your have to put it.
You just need to know the public address of the wallet you are funding, and the amount you wish to send.
In this case, I’m just going to send the entire amount.
Click “continue”.4. Confirm This Transaction Via Email
Depending on the exchange, there may be a verification email sent to you in order to confirm this transaction.
This is simply an added security feature in order to make sure it is actually you that is sending the money.
Once you find this email and click “confirm”, the transaction is final.
Now all you have to do is wait for the funds to be added to your wallet!
This can take anywhere from a couple minutes up to an hour.
So don’t freak out or stress if you don’t see your wallet funded right away!
The funds are on their way and will be deposited shortly.
If you prefer video, here is a great video detailing the steps of transferring bitcoin between wallets:Adding Bitcoin To Your Wallet: Closing Remarks
And that’s it!
You have officially sent, received, and successfully funded your Bitcoin wallet!
That wasn’t so hard, was it?
Admittedly, I was on the edge of my seat the first time I did it, too.
With this whole world being so new to me at the time, it took a while for me to actually summon the courage to actively send my Bitcoin from one place to another.
But after the first few times, I got used to it.
And you will, too!
Just be sure to take your time and follow this guide step-by-step.
Before you know it, you will have safely added your Bitcoin to your offline wallet!
Good luck!Bitcoin Core Tutorial With Pictures
If you want to follow along with this bitcoin core tutorial you should download bitcoin core and let it synchronize first. When you start Bitcoin Core it will take a long time to synchronize with the Bitcoin network because the software has to download the entire blockchain, which contains over five years of global transaction history. Once you are synced the program will know the balance of every bitcoin address in existence and can verify when you send or receive bitcoins in real time.
Don’t have any bitcoin yet? Get started with Bittrex.com, the leading cryptocurrency exchange since 2014.
You can find a download for the Bitcoin Core Wallet on Bitcoin.org
Once your wallet is synced it should look something like this:
The first thing you should do is Encrypt your wallet. Encrypting your wallet will password protect all of your bitcoin addresses. If you do not encrypt your wallet, anyone with access to your computer can take your bitcoins. There is no recovery process for this password so don’t forget it or all your bitcoins may be lost forever. Once you have completed all the steps Bitcoin Core will have to restart to complete the process.
Once you have Encrypted your wallet, you should backup your wallet file on an external hard drive or USB flash drive. Your wallet file (wallet.dat) stores the data for all of your public & private keys. If you lose this data, you will lose the bitcoin in all of those bitcoin addresses. Anytime you create a new bitcoin address or send bitcoins to someone, Bitcoin Core will add that new information to your wallet.dat file so it is best practice to backup your wallet file regularly.
Now that you are backed up, click under File and go to ‘receiving addresses’. This contains a list of your public keys, they appear as a long string of characters. Most bitcoin addresses start with a 1, but multisig wallets may generate bitcoin addresses that start with a 3 but you don’t need to learn multi-signature for this bitcoin core tutorial.
Here is the Bitcoin Address (public key) that Bitcoin Core generated for me: 1Q3tcw3zkFgwF5Tf1XFX9teZHqk4dqhdGn
At this point you are ready to accept bitcoin. You can share this address with anyone you want to receive money from. I’m going to send myself 0.01 bitcoin from a different wallet, not shown in this bitcoin core tutorial. Depending on the sending wallet the transaction will appear instantly or it may take a few minutes. In this case it took about 15 seconds to show up, and a little notification popped up to let me know to check my Bitcoin Core wallet.
The transaction will appear as pending until Bitcoin Miners confirm the transaction. To confirm a transaction, miners have to find a new block which happens roughly every 10 minutes. Most wallets accept a transaction after 3-6 block confirmations, so the funds are completely available after 30-60 minutes. Some wallets will let you spend the bitcoins after only 1 confirmation, but it is best practice to wait for at least 3 blocks. You can track the progress in from the transactions tab. I know transaction is from a trusted source (me) so I don’t have to wait for any confirmations to move forward with the bitcoin core tutorial. Note: You do not need to leave Bitcoin Core open until the bitcoin is available, miners will confirm the transaction for you even if you close the program.
If you use bitcoin regularly it can be difficult to keep track of your transaction history by seeing only public keys, so you may want to create a new bitcoin address for different purposes and label them. Go back to your receiving addresses and create a new address with a label. You can create as many new addresses as you want. Some people choose to create a new address for every bitcoin transaction.
Now that you have created a new address, backup your wallet file again to make sure the bitcoins in ALL of your public keys are protected.
Okay lets send 0.01 to this new address: 13BBBdLXWf3V97w1JYXbdSnxJWDhT5vsAT
As you can see the transaction comes in labeled instead of the random generated string. This makes it very easy to accept bitcoin as payment, simply by generating a new labeled address anytime you want to accept bitcoin. You can also see that the first bitcoin transaction has been confirmed and the 0.01 bitcoin is available to be spend after only a few minutes. If you are a merchant or service provider that is accepting bitcoin, you can use the Request tab to ask for a specific amount of bitcoin. This will generate a QR code that people with a mobile phone wallet can scan to quickly send the desired bitcoin to your wallet.
You should use specific information so that later you can look back and know where you got that bitcoin from. Click request payment and the QR code will be generated.
Anyone who scans this QR code can now send money to your bitcoin core wallet. By default it will tell them to send 0.015 bitcoin. If you want to accept any number of bitcoins to go back to the request payment tab and create a new payment request but leave the ‘Amount’ portion blank. It will generate a QR code that scans directly to a public key. If you save or print out the QR code, you can shutdown your bitcoin core wallet and accept bitcoin anywhere in the world simply by showing people the QR code image. You can check the balance of your bitcoin address from any computer without opening the bitcoin core wallet and verify any bitcoin transaction that you are expecting from somebody simply by knowing the public key. The simplest way is to go to blockchain.info and search your bitcoin public key. Here is a direct link to check my balance:
If you loaded up your wallet for this bitcoin core tutorial, take a moment to find something you want to buy with bitcoin. Spendabit.co is a great place to start. When you checkout the receiving party will give you their bitcoin address and the total that you need to send. Go to the send tab in Bitcoin Core, and fill in the information. Label the transaction with what you purchased or who you sent the money to.
Once you click send you will be prompted for your password. This is where you enter the password that you encrypted your wallet with.
Most wallets will ask you to confirm your transaction details once more before it sends. They will also notify you of applicable transaction fees and the total bitcoin that will be deducted from your wallet balance. The transaction fees go directly to the bitcoin miners who work hard to keep the bitcoin network strong. You can choose not to pay a fee, but if you do they may push your transaction aside and not process it. To ensure your payment is sent quickly, pay the small fee, I’m doing it just for this bitcoin core tutorial. Right now a bitcoin transaction only costs about $0.03 USD. For that small fee you can send any amount of bitcoin to any person in the world any time you want.
Now that you have sent some bitcoin, lets check the transaction progress. Go to you transaction page right click on the payment that you just sent. Copy the Transaction ID, then go to blockchain.info and do a search for it. Here is a link to mine: https://blockchain.info/tx/e15f2c37fb69e96f91f550feb00108f997616085b1d5b2ab9ae3660c777a5e98
Now you can see all the details of the transaction and confirm that is has been processed. You can send this link as proof that you have paid someone what you owed.
One thing you must remember from this bitcoin core tutorial is the Change Address. A change address is a newly generated bitcoin address that holds the remainder of your bitcoins after you process a transaction. This is why you have to backup your wallet again after you send bitcoins. If my wallet was corrupted and I had to restore it from an old backup, my new balance would be 0.00 BTC instead of 0.0049 because the old backup doesn’t contain the private key for my new change address. That money could be lost forever – backup your wallets.
Register here: http://gg.gg/oyhap
https://diarynote.indered.space
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