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Ethereum: Send BTC with Electrum – Which Address is Used?
Welcome to the world of Bitcoin and Ethereum! You’ve likely downloaded and installed the popular Electrum wallet, which is a great tool for managing your digital assets. However, you may have noticed that Electrum generates multiple addresses when creating a new wallet.
In this article, we’ll explore what these addresses are used for and how you can use them to send Bitcoin (BTC) from your Electrum wallet.
Understanding Electrum Addresses
Electrum uses a format called “hex addresses” or “public keys” to represent Bitcoin addresses. These addresses consist of 34 characters, typically in the format m/0'/0/C.
m: The major part of the address, which represents the network type (e.g.,1for Bitcoin Mainnet).
/0': A slash followed by a number indicating the account ID.
'0': Another forward slash and then a single quote to indicate the account balance.
/C: A forward slash and then another slash, followed by a single character representing the asset type (e.g.,bfor Bitcoin).
Which Address is Used for Sending BTC?
When you want to send Bitcoin from your Electrum wallet, you need to use an address that matches one of the following formats:
m/0'/0/C: For Bitcoin Mainnet
+ Example: 1a1d7f6e4df3d0785b9b2da7c8ac656ce67cd34fe (replace with your actual Electrum address)
m/0': For Bitcoin Cash (BCH) or other alternative chains
+ Example: 1h1d7f6e4df3d0785b9b2da7c8ac656ce67cd34fe (replace with your actual Electrum address)
Choosing the Right Address
To ensure that you can send Bitcoin, make sure to use an address that matches one of the above formats. If you’re unsure about which format to use or need help generating a new address, refer back to your Electrum settings or online resources.
Sending BTC: A Step-by-Step Guide
- Open Electrum and select “File” > “New Wallet”
- Follow the on-screen instructions to create a new wallet
- Once the wallet is created, you’ll be presented with several addresses
- Choose an address that matches one of the above formats
- Copy and paste the address into the recipient’s Electrum window
By following these steps, you can use your Electrum wallet to send Bitcoin from one address to another. Remember to always verify the address and ensure it’s a legitimate recipient before making any transactions.
