Post
Topic
Board Beginners & Help
Re: Can we have a newbie Bitcoin wallet?
by
Donneski
on 15/08/2023, 12:42:42 UTC
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/ receive 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.
Setting up your wallet:

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."

If you still need any tutorials then you can use Helpful Guides For Newbie on the Electrum Wallet posted by Ratimov.




Thank you for the very comprehensive guide and help on how to start somewhere I sincerely appreciate your kind gesture. I will try my possible best to put it to good use and also learn as much as I can learn from it.