I want to know more about bitcoin wallet - page 2.

Porfirii

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Quote from: Different patterns on August 07, 2024, 03:30:12 AM

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As someone with little technical experience in bitcoin has become a member of this forum, i want to know more about how bitcoin wallet is operated?

I think that the OP is asking specifically for practical info on how to use a bitcoin wallet. Although each wallet is slightly differently operated, and Charles-Tim already answered you with the most important fundamentals, I think the the best way to learn how bitcoin wallets are operated is making little transactions (to yourself maybe?) when fees are low. With a little more practice you can try signing them or (most importantly) coin control, but as a newbie don't be afraid to learn by doing, with small amounts of course, just in case Grin

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Catenaccio

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Quote from: Sim_card on August 07, 2024, 03:57:38 AM

As a newbie, it is good you use a noncustodial wallet like Electrum wallet, Blue wallet to learn more by praticals.

Non custodial is good but not enough, a good wallet needs to be open source too and you can check that wallet is open source or close source with
https://walletscrutiny.com/

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Download wallets from their official sites to avoid you downloading a clone wallet from scammers.

The paranoid user's security guide for using Electrum safely.

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The important thing in a wallet is the seed phrase and you are to write it down with three backups and keep it safe from anyone seeing it.

How to back up a seed phrase

knowngunman

sr. member

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Quote from: Different patterns on August 07, 2024, 03:30:12 AM

It's my pleasure to be a member of this forum. I've tried my best to read and comprehend the rules and regulations. I've found that this forum is a pleasure, where people come together to share positive knowledge and information.
As someone with little technical experience in bitcoin has become a member of this forum, i want to know more about how bitcoin wallet is operated?

You're welcome! Your question is not clearly stated to get a perfect answer. What exactly do you want to know about wallet or what do you mean by how wallet operate?

Talking about how wallet operate comprises of many aspects including the software, storage, private and public key. It can also be about transaction creation and broadcasting.

If you are talking about which wallet to use or how to use and why, sim_card already share a link to thread where it was discussed. By the way, if you have a little technical knowledge about bitcoin, wallets and how it operates should not be new to you.

Charles-Tim

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After you have setup your wallet, you will only be giving the address to people that wants to send you coins. Do not let anyone know about your seed phrase or private key. If anyone knows about your seed phrase or private key, the person can use it to steal your coins.

I recommend Electrum, Sparrow, Bluewallet and Unstoppable for bitcoin. For more coins, I recommend Matamask and Unstoppable.

You can also read these:
https://electrum.readthedocs.io/en/latest/coldstorage.html
Open Source Hardware Wallets

pooya87

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Quote from: Sim_card on August 07, 2024, 03:57:38 AM

Download wallets from their official sites to avoid you downloading a clone wallet from scammers.

There is a prerequirement and that is to know what the official site is and even when downloading from the correct website, you still cannot and should not trust the binary files you downloaded until you verify their authenticity by performing a signature verification.

This topic is helpful to learn how to do it for Electrum and in general for any file that provides signatures.
https://bitcointalksearch.org/topic/guide-how-to-safely-download-and-verify-electrum-guide-5240594

Sim_card

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Quote from: Different patterns on August 07, 2024, 03:30:12 AM

It's my pleasure to be a member of this forum. I've tried my best to read and comprehend the rules and regulations. I've found that this forum is a pleasure, where people come together to share positive knowledge and information.
As someone with little technical experience in bitcoin has become a member of this forum, i want to know more about how bitcoin wallet is operated?

You can read this thread for more information on wallets
[General] Bitcoin Wallets - Which, what, why?
As a newbie, it is good you use a noncustodial wallet like Electrum wallet, Blue wallet to learn more by praticals. Download wallets from their official sites to avoid you downloading a clone wallet from scammers. The important thing in a wallet is the seed phrase and you are to write it down with three backups and keep it safe from anyone seeing it. Your three seed phrase backups would be kept in tgre different locations very far from each other.

Different patterns

jr. member

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It's my pleasure to be a member of this forum. I've tried my best to read and comprehend the rules and regulations. I've found that this forum is a pleasure, where people come together to share positive knowledge and information.
As someone with little technical experience in bitcoin has become a member of this forum, i want to know more about how bitcoin wallet is operated?

Topic: I want to know more about bitcoin wallet - page 2. (Read 409 times)