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| author | Luke Smith <luke@lukesmith.xyz> | 2021-06-29 08:30:52 -0400 |
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| committer | Luke Smith <luke@lukesmith.xyz> | 2021-06-29 08:30:52 -0400 |
| commit | 825282fea9102326ad2538e4a98329fbd38c899b (patch) | |
| tree | 678dd28280fd542242ed041778e353c2ac511ae1 /bitcoin.html | |
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diff --git a/bitcoin.html b/bitcoin.html new file mode 100644 index 0000000..ce3206b --- /dev/null +++ b/bitcoin.html @@ -0,0 +1,102 @@ +<!DOCTYPE html> +<html lang=en> + <head> + <title>Getting a Bitcoin Wallet – LandChad.net</title> + <meta charset="utf-8"/> + <link rel="shortcut icon" href="favicon.ico" type="image/x-icon" /> + <link rel='stylesheet' type='text/css' href='style.css'> + <meta name="viewport" content="width=device-width, initial-scale=1"> + <link rel='alternate' type='application/rss+xml' title='Land Chad RSS' href='/rss.xml'> + </head> +<body> + <header><h1>Getting a Bitcoin Wallet</h1></header> + <nav></nav> + <main> + <p>Let's now get a Bitcoin wallet and become able to receive Bitcoin funds or donations.</p> + <h2>Wallets</h2> + <p> + One of the classical choices for a Bitcoin wallet is Electrum. + Go to <a href="https://electrum.org/#home">https://electrum.org</a> to download and install it, + or if you are a Linux user, it is probably included in your distribution's package repository. + </p> + <h3>Mobile version?</h3> + <p> + Note also that there are mobile/cell phone versions of Electrum for Android and iOS. + I generally advise against using a wallet on a cell phone for security reasons, but if you would like, you can. + </p> + <p> + If you are okay with a mobile wallet, + I recommend getting <a href="https://cakewallet.com/">Cake Wallet</a>, which can use Electrum-style Bitcoin wallets, + but also Monero and Litecoin. + </p> + <h2>Generating a Wallet</h2> + <p>Once you open Electrum (or Cake Wallet), + you can choose to create a new wallet. + Name it whatever you want and choose the "Standard Wallet" option. + </p> + <p> + I will also note that if you are paranoid, it is perfectly possible to generate a wallet without connection to the internet. + </p> + <h3>Your Seed is your money.</h3> + <p> + Now choose the "Create a new seed" option when creating the wallet. + That will randomly produce a "seed" of 12 words. + </p> + <img src="pix/bitcoin-01.png" alt="bitcoin seed"> + <p> + <strong>These words are your money.</strong> + Once you are shown them, <strong>immediately</strong> write them down on physical paper, and you will be storing this somewhere it will not be lost or found. + You can memorize these tweleve words if you trust your memory. + </p> + <p> + These tweleve words unlock all of the funds/addresses you will have on this wallet. + Whoever has your seed has the ability to spend your money. + </p> + <p>Note obviously that I have included a picture of a seed phrase above in this tutorial. + I or anyone else would be stupid to ever send Bitcoin to the following addresses since the seed phrases are now public. + </p> + <p> + Once you have written down your seed, click "Next" and Electrum will have you input that seed again to ensure you've written it down. + </p> + <p> + You will also be asked to supply a password. + This password merely encrypts your wallet file on this computer so you don't have to retype your seed phrase each time you open Electrum. + Note that anyone with your seed phrase can still obtain your funds. + This password is only protection on your computer here. + </p> + <h2>Managing your Wallet</h2> + <p> + Once your wallet is generated and opened you will be at the wallet page. + First, I recommend opening the "View" menu and unhiding all the different tabs. + </p> + <img src="pix/bitcoin-02.png" alt="electrum options"> + <h3>Addresses</h3> + <p>The address tab contains all the many Bitcoin addresses generated by your seed phrase. + In fact, as you use these up, the wallet will automatically add more. + </p> + <p> + These addresses (which will all be generated with <code>bc1</code> at the beginning can be used by others to send you Bitcoins. + Someone can just copy-and-paste the address into their wallet to send you funds. + </p> + <img src="pix/bitcoin-03.png" alt="bitcoin addresses"> + <h3>Receive</h3> + <p>Click on the "Receive" tab and then click "New Address." + That will pick your first unused address which will appear on the right side. + You could copy this from the "Addresses" tab, but this tab also generates a QR code which will appear to the right as well if you click on the "QR Code" subtab. + </p> + <img src="pix/bitcoin-04.png" alt="receive qr code"> + <h4>What is the QR code for?</h4> + <p> + In case you don't know, a QR code is a way of storing text information in a format that can be scanned by a phone. + If someone has a wallet program on a phone, then can easily scan the QR code on another screen to avoid having to copy your address over or even worse, write it manually. + </p> + <h3>Let's receive donations on our website.</h3> + <p> + Save the QR code and the wallet address it corresponds to (starting in <code>bc1</code>). + Now simply put these on your website and anyone can send Bitcoin to them. + Bitcoin users will know how to scan and use them. + </p> + </main> + <footer><a 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