Post
Topic
Board Beginners & Help
Merits 9 from 3 users
Re: Can we have a newbie Bitcoin wallet?
by
Findingnemo
on 15/08/2023, 08:24:35 UTC
⭐ Merited by Welsh (4) ,OmegaStarScream (4) ,Ratimov (1)
It is not really rocket science, possible for anyone to understand who has the ability to read, and understand what is the meaning of deposit/ release and send.

Let's say you are downloading Electrum as your Bitcoin wallet, you can find the Download link on their official website.

https://electrum.org/#download

Once you downloaded the wallet follow there

1. Launch Electrum then You'll be prompted to create a new wallet or restore an existing one.
2. Choose "Create a new wallet" and click "Next."
3. Select "standard wallet option" and click "Next".
4. Choose you want to create a new seed then Electrum will generate a seed for you.
5. write down this seed and keep it in a safe place. This seed is essential for wallet recovery.
6. Confirm the seed by entering it in the next window.
7. Set a strong password for your wallet and click Next.

Now you completely set up your wallet.

Receiving Bitcoin:

Click on the "Receive" tab to generate a receiving address. You can generate multiple addresses if needed.

Sending Bitcoin:

1. Click on the "Send" tab.
2. Enter the recipient's Bitcoin address, the amount you want to send.
3. Choose the right fee as suggested by Electrum, you can also use https://mempool.space/ to find the actual fee and click "Send."