How to get wallet address bitcoin

How to get wallet address bitcoin

The Bitcoin.com Wallet is a feature packed, non-custodial wallet application for Bitcoin Cash (BCH) and Bitcoin (BTC) cryptocurrencies. One of the most useful features of the app is that it supports something known as a ‘shared wallet’. Also known as aВ multi-signatureВ (or multisig) wallet, a shared wallet is accessible by a two or more persons and requires at least oneВ of these ‘cosigners’ to authorize the spending of BCH from the shared wallet.

Table of Contents

1. Create a shared Bitcoin wallet by following these 5 steps:
2. Why use a shared wallet?
3. Remember!

Create a shared Bitcoin wallet by following these 5 steps:

1. Download the Bitcoin.com Wallet app for iOS, Android, Windows, Linux, or Mac
2. From the Home screen, tap the «+» in the Bitcoin Cash Wallets Menu to create a new wallet.
3. From the «Add Wallet» menu, select «Create shared wallet»
4. Set the ‘wallet name’, ‘your name’, ‘total number of copayers’ and the ‘required number of signatures’ needed to send BCH from the shared wallet.В Note: ‘Total number of copayers’ is the number of people or devices that will have access to this wallet. ‘Required number of signers’ is how many of these people or devices will have to manually authorize a transaction before it can be sent.
5. Create the wallet and then share the invite code with the other people who you want to join the wallet. This codeВ can also be scanned or the block of text copied and pasted

Why use a shared wallet?

• Security:В A single user with multiple devices can use a shared wallet to increase security of transaction capabilities. This way, even if your smartphone is stolen, the thief would be unable to spend from the shared wallet without authorization from the additional cosigners (i.e. one of your other devices).
• **Accounting:В **A shared wallet gives all cosigners access to the transaction history of a single wallet.
• **Third party escrow or mediation:В **For making a bet or buying something online.
• Voting on use of funds:В An organization can be set up to only be able to send a payment after reaching a required threshold of authorizations.

To understand how shared wallets can work, consider this common use-case: Jasmine wants to setup a shared wallet at her company for payroll purposes. She wants 3 managers and herself to have access to the same wallet. This wallet sends salary payments to employees each month. She creates a new shared wallet, sets the name as «Payroll Wallet». She then adds her name and sets the total number of copayers to 4 (herself and the 3 managers). Lastly, she sets the required number of signers to 3. This means any of the 4 cosigners can submit a payment request but the payment will not be completed until 3 of the 4 cosigners give their authorization within the app.

Remember!

Multisig wallets are just like normal wallets—no exception: each cosigner within a shared wallet has a unique private key which grants them (partial) access to the wallet. It is very important to have all cosigners createВ backup to their shared wallet(s)! Warning: If you create a wallet where 3-of-3 cosigners are required, then if one cosigner loses his or her device (and doesn’t have the backup), or refuses to sign a transaction, then the funds within that wallet will be inaccessible to all participants! For this reason, it is not recommended to create shared wallets that require the signatures of all participants. В As you can see, multi-signature wallets are useful for a number of reasons. To create your own shared wallet download the Bitcoin.com Wallet app today!

Buy as little as $30 worth to get started

Choose from Bitcoin, Bitcoin Cash, Ethereum, and more

Источник

How To Get A Bitcoin Address & Why It Is Important

(Note: This article is for Bitcoin beginners.)

We all know how Bitcoin is taking over the world. But the funny part is people still fail to understand what it is and why it has become such a revolution.

Here are some of the facts we lined up – 9 Interesting Bitcoin Facts Every Bitcoin Owner Should Know – but there are more.

Bitcoin is a fully functional digital currency through which any amount of value can be transferred anytime anywhere in the world and there is nothing one can do to stop it.

Also, it a finite commodity to hold and as rare as explained by this tweet:

If you get 0.1 BTC no more than 2% of the world’s population can own more BTC than you. Once this dawns on enough people there will be a stampede to try to get even 0.1.

Despite this, many remain clueless about this revolutionary internet money and the first thing they ask is How do I get Bitcoin? Or How do I get a Bitcoin address?

Well, that’s what I am here to tell you and also to share some points so that you don’t get scammed.

How To Get A Bitcoin Address

A valid Bitcoin address is like a bank account number using which you store your bitcoins and check your balances.

For those who are seeing their Bitcoin addresses for the first time, I would say that it won’t look like traditional bank account number but instead, it looks like a long alphanumeric string starting usually with ‘1’ or ‘3”.

And for those who haven’t seen a Bitcoin address and think of it as an email address, you’re wrong!

Different Bitcoin addresses:

There are currently three address formats in use:

1. P2PKH which begins with the number 1, for e.g.: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2.
2. P2SH type starting with the number 3, for e.g.: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy.
3. Bech32 type starting with bc1, for e.g.: bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq.

Now, that you have understood the types, format and what a BTC address looks like, it makes sense in talking about some of the reliable sources from where you can get your Bitcoin address if you haven’t already.

These sources are categorized based on device type & usage:

Mobile Bitcoin Wallets

Hardware devices that act like Bitcoin wallets also generate valid Bitcoin addresses. This is a physical device like a small USB and something you should use if you planning to hold Bitcoins for a longer period. This is also useful for those who wish to have a permanent Bitcoin wallet address.

Here are two most popular Bitcoin hardware wallets:

Watch this video tutorial to understand more about how to set-up your hardware wallet like Ledger Nano S to get your Bitcoin address.

For desktop lovers, there are desktop wallets that generate valid Bitcoin addresses. Some of these desktop wallets are:

Why Is Bitcoin Address Important?

A valid Bitcoin address is necessary because if you get this wrong, your bitcoins will be lost.

If you send bitcoins to an invalid address, the bitcoins will be lost in cyberspace or will remain with the sender.

Another way in which you can get scammed is when you are using a paper wallet-based Bitcoin address that you have received from someone. In this case, let’s assume the person who has given you this Bitcoin address is an attacker and he has already kept a copy of the private keys associated with that address.

And now you haven’t done a sweep of your paper wallet and are using the same address to receive your bitcoins. In this case, the attacker can take away all your coins once you have received coins on the address because he has a copy of the paper wallet private keys which are still valid because you haven’t swept.

Plus, if you are into the online business, it is good to be in tandem with the modern changing society which is internet driven and have the BTC addresses to receive payments.

Lastly, through a BTC address, you can actually make millions and billions of dollars with you across borders, something which was not possible before the invention of Bitcoin. You can sum up all your worth in bitcoins and get settled in another country altogether with the help of a Bitcoin address.

I’m sure you now know how you can get a Bitcoin address and why it is important to have one for yourself.

Now you tell us: Are you into Bitcoins yet, or are you still thinking? Do you have a Bitcoin address? Do share with us in the comment section below.

If you find this post useful, do share it with your friends on Facebook & Twitter!

Harsh Agrawal is the Crypto exchange and bots expert for CoinSutra. He founded CoinSutra in 2016, and one of the industry’s most regarded professional blogger in the fin-tech space.

An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.

An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

Join us via email and social channels to get the latest updates straight to your inbox.

Источник

How to get wallet address bitcoin

Getting a bitcoin wallet address with Uphold is easy! This easy to follow guide will tell you everything you need to know about bitcoin wallet addresses and how to get one.

What is a Bitcoin Wallet Address?

A bitcoin wallet address is unique 26-35 character alphanumeric code that gives its owner access to bitcoin while providing unique protection from theft and unauthorized access to funds. It’s used to complete bitcoin transactions, allowing you to send and receive money to and from other bitcoin users.

When you share your bitcoin wallet address with others, they will be able to send you bitcoin. You can think of it kind of like an account or routing number used for traditional bank transactions.

While this article focuses on bitcoin wallet addresses, many other cryptocurrencies operate using similar types of wallet addresses. While some of what’s discussed here may apply to other cryptocurrencies, be aware that every cryptocurrency is subject to its own rules and customs that may either imitate or diverge from bitcoin’s own protocol.

Different Types of Wallets

There are two main types of wallets: online and offline. These two types are sometimes referred to as a “ hot wallet” and “cold storage.”

An online wallet address, or “hot wallet,” makes trading with crypto simple and efficient. This kind of wallet address makes your bitcoin, or any other crypto, available to you through any internet-connected digital device (such as a phone, laptop, or tablet).

An offline wallet address, or “cold storage,” requires more effort, expertise, and maintenance on the part of the user. Advanced cryptocurrency users sometimes set up cold storage wallet addresses to protect large amounts of bitcoin that they do not plan to sell or use over the long term. But be careful – hundreds of millions of dollars worth of bitcoin have been lost by people who have not kept careful track of their offline wallet addresses!

Offline wallet addresses are technically safer from hackers, as they don’t exist on a web server. However, when you actually want to use or move or funds–you need a hot wallet. If you get an online wallet address through a reputable, high-quality digital money platform like Uphold you can have excellent security for your funds in addition to the flexibility of an online wallet address.

How to Get a Bitcoin Wallet Address Using A Bitcoin Card on Uphold

When you sign up with Uphold, you can create a bitcoin card that you can use to buy bitcoin, send bitcoin to another member, hold, or send to an external address and which will generate a bitcoin wallet address. Any bitcoin sent to this address will be automatically added to the funds in your Uphold account.

If you don’t already have an Uphold account, getting started is easy:

• Sign up with Uphold here.
• Verify your account to use all of its features.
• Set up your digital wallet and add your bitcoin to your dashboard!

The most important part of organizing your Uphold account is getting your cards in order. Just like a real-world wallet that you keep in a pocket or purse, the set of cards in your Uphold account represent your holdings in different forms of currency and commodities (bitcoin, ethereum, U.S. dollars, Japanese Yen, gold, silver, etc.).

These cards can be used to send and receive payments, and each comes with a designated alphanumeric address.

Finding Your Bitcoin Wallet Address on Uphold

Finding your bitcoin wallet address on Uphold is straightforward. First, click on the bitcoin (or BTC) card on your dashboard. Note: You may want to mark your bitcoin card as a “favorite” if you have multiple cards in your Uphold wallet.

Once you have opened your BTC card, select the “Add Funds” tab. Next, click the “FUND with Cryptocurrency or Utility Token” button. This will take you to a menu that will prompt you to choose from among a list of cryptocurrencies and tokens. Choose Bitcoin as you are looking for your bitcoin wallet address.

Now you will see a page with the heading “Bitcoin Network.” Beneath the heading will be a gray box that contained a string of alphanumeric characters. This is your bitcoin wallet address. Here is an example of what it may look like:

Anyone you share this address with will be able to send any amount of bitcoin to your account. But any currency sent to this address other than Bitcoin (BTC) will not be processed. Other cryptocurrencies in your wallet have their own unique cryptocurrency wallet addresses.

In addition, you should notice a graphical QR code below the alphanumeric bitcoin wallet address. This is because bitcoin wallet addresses can also be represented as a QR code. A user who wishes to send you Bitcoin can scan this QR code using the camera on their mobile device based Bitcoin wallet.

How to Send Money to External Bitcoin Wallet Addresses

Maybe you need to make a payment to a bitcoin wallet address of a friend or business associate. On the other hand, you might want to transfer some of your bitcoins to a wallet address you control outside of Uphold. You can easily make this kind of payment using Uphold as well.

• Select your bitcoin (or BTC) card from the dashboard.
• With your BTC card opened, click the “Use Funds” tab.
• In the next screen, choose the “Send to Cryptocurrency or Utility Token” option. This will prompt you to choose from among a list of cryptocurrencies and tokens. Pick Bitcoin as you are looking to make a payment to an external bitcoin wallet address.
• You will arrive at a page where you can enter a 26-35 character alphanumeric bitcoin wallet address under the heading “Select a contact or type in a cryptocurrency or utility token address.”
• You will also enter the amount of money you want to transfer on this page.
• Once you have entered the external bitcoin wallet address code, the amount you plan to send, and any message you want to send with the payment, click the Confirm button.

Again, these instructions are for bitcoin wallet addresses. It’s important to note if you try to send other types of currency to a bitcoin wallet address, the transaction will fail. Other cryptocurrencies have their own wallet addresses; always make sure to use correctly designated wallet addresses when attempting to complete transactions using a particular cryptocurrency.

One Platform for Multiple Cryptocurrencies

That’s it! Now you’re ready to use your bitcoin wallet address to send and receive payments and transfer value. And you can obtain wallet address for any cryptocurrency you keep on Uphold using the method.

With Uphold, you can choose to store your resources across a wide a range of 30+ currencies , cryptocurrencies, and commodities!

Uphold makes it’s easy for members to customize their dashboard and portfolios, and it’s easier than ever for members to start growing their digital wallet holdings. By following this guide, you’re off to the right start in diving into bitcoin.

This article should not be used as or considered investment advice. If you have questions regarding cryptocurrencies, tokens or any financial investments please consult your financial advisor.

Источник