- 03.02.2020

What can i do with a bitcoin address

what can i do with a bitcoin addressCreating invoices can be done without an Internet connection and does not require any contact or registration. A paper wallet can be generated using services like BitAddress or Before generating a paper wallet, you need to make sure that no one is watching you do it.

My question is not answered here.

What can i do with a bitcoin address

Where can I get help? How do I open a different wallet?

19 thoughts on “Frequently Asked Questions”

Electrum allows you to have unlimited wallets each in their own wallet what can i do with a bitcoin address. If you want to create a new wallet simply change the name in the wallet field to a unique name for your new wallet file.

You can create a shortcut to open a specific wallet using the command line switch -w. The wallet file is located here. The wallet file name and wallet type are always present in the Electrum window title.

So please pay attention to what wallet you are using when you have multiple wallets. What can i do with a bitcoin address can I tell what my wallet type is and what my wallet file name is? The Electrum window title should list the wallet type and filename. Back to the top What can i do with a bitcoin address does a 2fa wallet work?

A to your bitcoin wallet address wallet is a multisig wallet where transactions need to be signed with what can i do with a bitcoin address 2 out of 3 secrets associated with the wallet.

Your seed contains 2 secrets and the third one is with the co-signing company Trusted Coin. Your seed is only displayed during the wallet creation process so that you can here it up.

Trusted Coin only signs transactions if you provide it what can i do with a bitcoin address the correct 2fa code from your phone. Obviously, if the computer was already compromised at the time of wallet creation then you would lose your bitcoins because the seed is displayed at the time of wallet creation and that is sufficient to steal from you.

How do 2fa codes work? The way 2fa works is that you and Trusted Coin have a shared secret which is contained in the QR code which is displayed during check this out wallet creation process.

You scan this code with google authenticator or some other 2fa app on your phone. When you need to enter the 2fa code in Electrum you open the app on your phone and look for the entry for Trusted Coin.

The app on your phone combines the shared secret with the current time and generates a one time password OTP of digits. Trusted Coin will do the same to verify that you have the same shared secret.

What can i do with a bitcoin address

In this manner you get the 2fa protection you seek. How do What can i do with a bitcoin address tell if I have the shared secret? There should be an entry for Trusted Coin in the 2fa app on your phone https://inform-crypt-re.site/address/create-litecoin-wallet-address.html contains the shared secret.

What can i do with a bitcoin address

What if I lose my phone? If you lose your phone you can still recover your wallet with your seed. If you are currently in this situation see here for your options.

What can i do with a bitcoin address

Back to the top What do the what can i do with a bitcoin address status messages on the history tab mean? Here is what they mean: Unconfirmed Transactions These are transactions that have yet to be incorporated by miners in the blockchain.

All transactions initially start of as unconfirmed and gradually confirm over time more about that here. If you wish to broadcast this transaction right click on it and choose details. Then click on broadcast. Unconfirmed: An unconfirmed transaction that is neither local nor has an unconfirmed parent transaction.

What can i do with a bitcoin address

In addition to the above certain extra information is displayed in brackets starting with Electrum what can i do with a bitcoin address. If this is an outgoing transaction you can bump the fee using the increase fee option if you like.

Fee in satoshis per byte. Learn more about transaction fees here. These transactions will be incorporated into blocks before your transaction is. New blocks are generated on average once every 10 minutes so you have to wait to see if the transaction gets incorporated in a block and becomes confirmed or not.

Confirmed Transactions Transactions that have been incorporated in the blockchain have these graphics next to here entry on the history tab: A clock icon means the transaction has confirmed but not enough times to be considered irreversible.

For please click for source value transactions you can deliver the goods or services now.

For larger transactions you may wish to wait for a green tick. A green tick mark next to the transaction means it has confirmed sufficient number of times and is now irreversible. Transactions with uncertain status Not verified means that Electrum is not sure whether this transaction is valid.

Switch servers or restart Electrum to get a more definite status.

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Thanks to SomberNight for help with this question. What what can i do with a bitcoin address transaction confirmations mean?

The blockchain is the ledger that records all bitcoin transaction. A transaction initially starts of as unconfirmed. Miners pick up unconfirmed transactions and package them into blocks.

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Then they do the proof just click for source work necessary to attach the block to the blockchain. When your transaction is incorporated in a block https://inform-crypt-re.site/address/bitit-verification-time.html say it has been confirmed once.

Your transaction is only included in one block but miners will continue to extend the chain with what can i do with a bitcoin address blocks containing other transactions.

When a second block is added to the chain in front of the block containing your transaction we say your transaction has 2 confirmations. Similarly additional blocks increase the number of confirmations.

The deeper a transaction is embedded in the chain the harder it is to reverse it.

What can i do with a bitcoin address transaction with 6 confirmations is widely considered as irreversible. You should not exchange goods what can i do with a bitcoin address services for an unconfirmed transaction.

Wait for it to confirm first. Blocks are added to the chain on average every 10 minutes. Receiving bitcoin Where is my bitcoin address?

Protect your privacy

To receive money to your wallet you can go to the receive tab and grab a bitcoin address from there. What can i do with a bitcoin address you like you can fill in the description and amount fields.

The description that you fill in https://inform-crypt-re.site/address/satoshi-address-bitcoin.html will show up on the history tab when someone sends money to that particular address.

What can i do with a bitcoin address

Click on save to save the record in what can i do with a bitcoin address wallet file. Both the amount and description fields are for your reference only. Back to the top Why does it say "pending" next to my transaction? The receive tab can be used to get bitcoin addresses that you communicate to the sender so that they can send you bitcoin.

For that look at the history tab. If bitcoins were sent to you they would show source there.

What can i do with a bitcoin address

What can I do if I haven't received bitcoins sent to me? There are a few possibilities: Make sure your wallet is synced with the network. It should display a balance in the bottom left corner and a green or blue orb in the bottom right. If the wallet is synced then look at the history tab to see what transactions were sent to your wallet.

The receive tab is not the authoritative source for this. They usually do withdrawals in batches. Check your account at the exchange or other website to make sure the coins were actually sent. If the sender insists that they sent you the coins ask for a transaction ID, which is a long hexadecimal what can i do with a bitcoin address, and seek help on a community forum.

Back to the top Why does Electrum give me a different address everytime? All bitcoin transactions are public so it is a good idea to use a different bitcoin address for every transaction so that it becomes harder for someone to track your activities.

OTOH it becomes easier for you to track who sent you read article much when you what can i do with a bitcoin address each sender a different bitcoin address.

Because of the above reasons Electrum hands out different receiving addresses each time you go to the receive tab and request an address.

Bitcoin address

Your old addresses can still be used to send you money. They never stop working and your electrum wallet keeps track of all your addresses.

Back to what can i do with a bitcoin address what can i do with a bitcoin address Will my old address no longer work? Your old receiving addresses can still be used to send you money.

How Bitcoin Wallets Work (Public \u0026 Private Key Explained)

go here How can I tell if an address belongs to my wallet? Back to the top Why am I being told my address is an invalid bitcoin address?

Note you can always send money to anyone using your bech32 wallet. The solution to this problem is to create a new What can i do with a bitcoin address wallet making sure to select legacy instead of segwit in step 4.

If you are an advanced user you may wish to create what can i do with a bitcoin address p2sh segwit wallet instead which has wide compatibility and lower transaction fees than p2pkh wallets standard electrum wallets with addresses beginning with 1.

Understanding Bitcoin traceability

Back to the top What does a red background on the address field on the receive tab mean? A red background means continue reading address has already been used i.

What can i do with a bitcoin address

Note that you may have inadvertently cycled to a past receive request. Do use the list at the bottom of that tab to select the correct request.

What can i do with a bitcoin address

Sending Bitcoin Are fees deducted from the amount I send or from my wallet balance? When sending someone money with your Electrum wallet transaction fees are deducted from your wallet balance.

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