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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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How to use Bitcoin wallet Electrum over tor with tails
You have Three choices with Electrum over tails
use a persistant storage to store the key / wallet file
to generate a new wallet each time
restore using your own keywords
Electrum is a bitcoin client that is particularly suited to the context of Tails because:
You can use your wallet from different devices and avoid losing bitcoins in a backup mistake or computer failure.
Electrum does not download the blockchain, so there is no waiting time when starting.
You can sign transactions from an offline working session for additional security.
To start Electrum choose Applications ▸Internet ▸Electrum Bitcoin Wallet . https://preview.redd.it/862homjp0x421.png?width=1366&format=png&auto=webp&s=5077d4638b19defbcef76f741627aa2ce9e7d407 In most cases you will be deailing with Multisig so this tutorial will deal with that This tutorial shows how to create a 2 of 2 multisig wallet. A 2 of 2 multisig consists of 2 separate wallets (usually on separate machines and potentially controlled by separate people) that have to be used in conjunction in order to access the funds. Both wallets have the same set of Addresses.
A common use-case for this is if you want to collaboratively control funds: maybe you and your friend run a company together and certain funds should only be spendable if you both agree.
Another one is security: One of the wallets can be on your main machine, while the other one is on a offline machine. That way you make it very hard for an attacker or malware to steal your coins.
So I bought some bitcoin about three months ago and my friend (very trustworthy) has been holding it for me. I want to get my own wallet now and I'm thinking about using Copay. does backing up a wallet mean having this particular wallet on different devices? for example, on my mac and on my phone? the only devices I have that can use copay is my mac and my iPhone... can I use something else if I don't have the other devices to back it up?
I'm new to the crypto idea, I heard Monero is better to BitCoin. How do I use it, including creating wallets and how do I keep it safe from hackers? Also can it be converted into dollar bills? I heard Australia is considering going cashless, so I'm getting a bit nervous about other regions.
...Oh and converting between Bitcoin and Monero safely,
I Did It! I figured out how to use Bitcoin. I am downloading Bitcoin Core Wal. but have not used it yet. I have never used bitcoin. While it installs, I installed Electrum on my Mac & bought $4 of bit on CashApp & moved to My Wallet on Electrum. I lost like 11cents on $4.13. It there a cheaper way?
Receiving Bitcoin. Open your Bitcoin.com wallet app and select Receive. Choose which wallet you want to receive Bitcoin to. Make sure you select a BCH wallet if you are receiving Bitcoin Cash or a BTC wallet if you are receiving Bitcoin. Your chosen wallet will generate an address that lets you receive coins. Step 3: Use a bitcoin wallet to send and receive bitcoins. Receiving bitcoins is as easy as giving the sender your public address. Sending bitcoin requires a few more steps and since bitcoin transactions are irreversible, it is important to pay attention when sending. Overall, the process for sending bitcoin is actually quite easy: How to Use Bitcoin Wallet Step-by-Step. While Bitcoin wallets often have different features and requirements to use them, usually all of those follow a similar path. In light of that, we’ve created a guide that will help you to set up an account and use the wallet. Before you can use Bitcoin you need to get a Bitcoin wallet The first thing you’re going to need to do in order to use Bitcoin is to get a Bitcoin wallet . There are a lot Bitcoin wallets you can choose from , but if you’re just starting out I would suggest using one of the more user friendly wallets (i.e. Coinbase or Blockchain.info ). Almost all bitcoin wallets will create a 6 -24 word phrase that you can use to backup and restore your wallet. The backup phrase is not the same as the password for your app. If you lose the backup phrase, you may lose your bitcoins forever!
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