How to buy bitcoin electrum

Electrum is one of the very few Bitcoin wallets in the market today which has managed to strike a fine balance between user friendliness and expert functionality. Android users, however, does not need to be disappointed because the Electrum wallet is available on the Android platform too. Since then, various developers have contributed to its source code.

33 thoughts on “How to use the Electrum receive tab”

Buying Bitcoins is not a hassle anymore. We literally have hundreds of options to choose. Otherwise, if you believe that wallets can serve you better, then simply choose one from the list of the best wallets available in the market today. There is Electrum, Ledger, Trezor and many more to choose from, all of which are equally well equipped to give you the best of services at the most economical of prices. But which one should you really go for? Will a wallet prove to be more profitable, and if yes, then which one how to buy bitcoin electrum the best pick for you? To answer such questions and more, this article aims to provide with some intriguing facts and guide you on the overall process of buying Bitcoins with one of the most effective and feature-rich cryptocurrency wallets of today, the Electrum wallet.

To receive bitcoin all you need to do is share one of the addresses in your wallet with the person who wants to pay you. With the receive tab Electrum tries to create a workflow for receiving bitcoin that incorporates adding a label to your address, an expected amount and saving all this in the wallet as a receive request. The fact of the matter is non of this is strictly necessary. As mentioned before, all you need to do is share any one of the addresses in your wallet with the sender. But it does help you organize things if you also label your address etc. The label and amount you set in the receive tab are only for your own reference.

To receive bitcoin all you need to do is share one of the addresses in your wallet with the person who wants to pay you. With the receive tab Electrum tries to create a workflow for receiving bitcoin that incorporates adding a label to your address, an expected amount and saving all this in the wallet as a receive request. The fact of the matter is non of this is strictly necessary. As mentioned before, all you need to do is share any one of the addresses in your wallet with the sender.

But it does help you organize things if you also label your address. The label and amount you set in the receive tab are only for your own reference. This is because address re-use is a bad idea. Hey, thank you for this article. I use electrum for my Verge.

However, my last request to receive coins has not come in for about week a. I made a mistake and set the expires query to one day. Just leave that request be and create a new one if you need more addresses. Hi, is this still the current method for Electrum wallet creation? Does this address change every time for requests? Does the number of addresses created over time matter and are they all linked to the account at Electrum for the life of that account?

Regarding your first question the guide above is for getting addresses in your wallet not creating a wallet. Addresses are not wallets. Wallets have many addresses, the private keys behind them and related meta data.

We call them wallets. All the addresses in a wallet are generated deterministically from your seed so they all lead to your wallet. Hello friends. I just jumped onto the bitcoin bandwagon and set up Airbitz on my iPhone and Electrum on my Mac desktop.

Is there a bug in one of the two apps, or am I doin it wrong? Any suggestions? BTW, I built the Electrum app from python3 sources which were latest as of yesterday, Jan 27,and used the latest Airbitz app for iPhone as of Jan 26th.

If yes then you created a segwit wallet and most other wallets have trouble sending to. Create another wallet and this time choose standard instead of segwit. Both Airbitz and Electrum wallet addresses looked OK to me.

Thanks for the reply. So if I wanted to transfer my mining profits to electrum then all I need to do is generate one address and use it for as long as I like? You will still get the money. You can set one at that point in time if you like by right clicking on the entry on the history tab and choosing edit description. Having said that you need to provide more details like the address where the coins were supposed to be sent, the version of electrum you are using and your operating.

Sorry to ask the obvious but you did give the senders your addresses right? That is each sender got one of the addresses? Do you have your seed words written down?

To update install the latest version just like you did 3. The official site is at electrum. I am writing to make some inquiries about the wallet service of your company. We are planning to start a cryptocurrency exchange business. So, we would like to know whether your company provides an enterprise level wallet service or not. Also, we are interested in knowing the price of the transactions money transfer.

This site is not the official electrum site. You should probably contact ThomasV if you want to hire his company for consultation services. See the official site at electrum. Please help. The transaction will show up on the history tab when the sender sends the money and the balance will be updated there and in the bottom left as. Are you seeing a balance in the bottom left of the electrum window? I have a question can I recieve coins from a btm machine in my electrum wallet if I snap a pic of the QR code on my phone and scan it at the btm will I recieve the funds in my electrum wallet on my desktop.

Alternatively you can install electrum on your phone. It has an android version available on play store. You can then call up QR codes for receive addresses on the spot.

Thanks for your time. Yes you how to buy bitcoin electrum use the blockchain. Mycelium is also another popular wallet for ios. The bitcoin blockchain not to be confused with the site blockchain. I cant quite seem to figure this out, hopefully you might can help. However, when i view just one of the addresses on the wallet on Blockcypher it shows to have received and sent 25 BTC. When viewing the address on Blockchain.

Just not understanding how im seeing these numbers. Pleas what will I do? In the android version you can view all the addresses by tapping receive and then requests. If the coins have been sent to any of these addresses your electrum balance will reflect. Do make sure that the ATM actually sent the coins in the first place.

I copied a receive address from this tab, then I sent coin to it, but I never saved it. THEN after the coin should how to buy bitcoin electrum arrived the next day the tab at the top with the receive address was backlit with red. I did savce a copy of the address. How do I recover my bitcoin? Your email address will not be published.

This is not shared with anyone and is only for your own reference. When you receive money this description will show up on the history tab. Remember this does not change how much bitcoin someone can send you and is only for your own reference. You can safely ignore the request expires option. Communicate this address to the sender. Clicking on one should populate the fields above with the request details including the address. Bitcoin is not a bank and neither is electrum.

You alone are responsible for your wallet. And a desktop Mac. None of those addresses has received any money since october when I installed the wallet. Should I generate more addresses? Inquiries about wallet service I am writing to make some inquiries about the wallet service of your company.

Thank you for your help. Leave a Reply Cancel reply Your email address will not be published.

Getting Started with Electrum

What you need to do is select one from this list, and that list item will then serve as the address at which you will be receiving coins. What you want to do is enter in one of your bitcoin addresses from Electrum. I did this today and the procedure is currently as follows Electrum 2. Home Download Documentation Community About. Coinbase will now show a rlectrum confirming the transaction.