103 lines
5.7 KiB
HTML
103 lines
5.7 KiB
HTML
<!DOCTYPE html>
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<html lang=en>
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<head>
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<title>Getting a Bitcoin Wallet – LandChad.net</title>
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<meta charset="utf-8"/>
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<link rel="shortcut icon" href="favicon.ico" type="image/x-icon" />
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<link rel='stylesheet' type='text/css' href='style.css'>
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<meta name="viewport" content="width=device-width, initial-scale=1">
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<link rel='alternate' type='application/rss+xml' title='Land Chad RSS' href='/rss.xml'>
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</head>
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<body>
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<header><h1>Getting a Bitcoin Wallet</h1></header>
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<nav></nav>
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<main>
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<p>Let's now get a Bitcoin wallet and become able to receive Bitcoin funds or donations.</p>
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<h2>Wallets</h2>
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<p>
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One of the classical choices for a Bitcoin wallet is Electrum.
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Go to <a href="https://electrum.org/#home">https://electrum.org</a> to download and install it,
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or if you are a Linux user, it is probably included in your distribution's package repository.
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</p>
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<h3>Mobile version?</h3>
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<p>
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Note also that there are mobile/cell phone versions of Electrum for Android and iOS.
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I generally advise against using a wallet on a cell phone for security reasons, but if you would like, you can.
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</p>
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<p>
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If you are okay with a mobile wallet,
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I recommend getting <a href="https://cakewallet.com/">Cake Wallet</a>, which can use Electrum-style Bitcoin wallets,
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but also Monero and Litecoin.
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</p>
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<h2>Generating a Wallet</h2>
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<p>Once you open Electrum (or Cake Wallet),
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you can choose to create a new wallet.
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Name it whatever you want and choose the "Standard Wallet" option.
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</p>
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<p>
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I will also note that if you are paranoid, it is perfectly possible to generate a wallet without connection to the internet.
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</p>
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<h3>Your Seed is your money.</h3>
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<p>
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Now choose the "Create a new seed" option when creating the wallet.
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That will randomly produce a "seed" of 12 words.
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</p>
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<img src="pix/bitcoin-01.png" alt="bitcoin seed">
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<p>
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<strong>These words are your money.</strong>
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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.
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You can memorize these twelve words if you trust your memory.
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</p>
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<p>
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These twelve words unlock all of the funds/addresses you will have on this wallet.
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Whoever has your seed has the ability to spend your money.
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</p>
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<p>Note obviously that I have included a picture of a seed phrase above in this tutorial.
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I or anyone else would be stupid to ever send Bitcoin to the following addresses since the seed phrases are now public.
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</p>
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<p>
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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.
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</p>
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<p>
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You will also be asked to supply a password.
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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.
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Note that anyone with your seed phrase can still obtain your funds.
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This password is only protection on your computer here.
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</p>
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<h2>Managing your Wallet</h2>
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<p>
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Once your wallet is generated and opened you will be at the wallet page.
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First, I recommend opening the "View" menu and unhiding all the different tabs.
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</p>
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<img src="pix/bitcoin-02.png" alt="electrum options">
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<h3>Addresses</h3>
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<p>The address tab contains all the many Bitcoin addresses generated by your seed phrase.
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In fact, as you use these up, the wallet will automatically add more.
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</p>
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<p>
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These addresses (which will all be generated with <code>bc1</code> at the beginning) can be used by others to send you Bitcoins.
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Someone can just copy-and-paste the address into their wallet to send you funds.
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</p>
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<img src="pix/bitcoin-03.png" alt="bitcoin addresses">
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<h3>Receive</h3>
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<p>Click on the "Receive" tab and then click "New Address."
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That will pick your first unused address which will appear on the right side.
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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.
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</p>
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<img src="pix/bitcoin-04.png" alt="receive qr code">
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<h4>What is the QR code for?</h4>
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<p>
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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.
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If someone has a wallet program on a phone, they can easily scan the QR code on another screen to avoid having to copy your address over or even worse, write it manually.
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</p>
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<h3>Let's receive donations on our website.</h3>
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<p>
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Save the QR code and the wallet address it corresponds to (starting in <code>bc1</code>).
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Now simply put these on your website and anyone can send Bitcoin to them.
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Bitcoin users will know how to scan and use them.
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</p>
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</main>
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