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-<!DOCTYPE html>
-<html lang=en>
- <head>
- <title>Getting a Bitcoin Wallet &ndash; LandChad.net</title>
- <meta charset="utf-8"/>
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-<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 twelve words if you trust your memory.
- </p>
- <p>
- These twelve 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>
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