Topic: My noob questions - page 3. (Read 763 times)

You money is attached to the Seed, however you have to tell your wallet where inside this seed your funds are. This is what the derivation path is. It will tell your wallet where to look

As your address with balance starts with 'b', it is a native segwit address, its derivation path is m / 84' / 0' / 0'
In your atomic wallet, as its starts with '1', it is a legacy address, and the derivation path is m / 44' / 0 / 0

OmegaStarScream has answered you all, seed phrase is not for recovering bitcoin from one wallet to another wallets frequently,  using it on another different wallet is not also advisable, use the seed phrase only for recovery of the same wallet on another device is better and also should be during theft or damage or when changing device, not for fun sake. Not that you can not use seed phrase to recover on another wallet of different type, but you have to make sure the new wallet you want to input the seed phrase support the derivation part of the old wallet.

It is not advisable to use one (main) address, using wallets that can generate new address automatically for each transaction is better, new address will also be generated automatically while sending, this is to maintain high level of privacy. So, you do not need to bother choosing which address you want to use to send as the address will change for each transactions automatically.

Any amount of bitcoin sent to a single address can be traced/tracked, if you are using only one address to send or receive, that means all bitcoin sent through the address can be traced, but your balance can not be seen only some kind of malware can do this.

Yes, you can but it's not recommended to use the same seed on multiple devices.



- Do you mean you want to move everything to one address? If so, then yes, you'll have to send them to yourself (create a transaction and pay a fee).
- That's basically it, you can keep using the same address to receive funds, but that's not recommended (for privacy reasons).
- You can right-click the address and then simply select "Send from".

I don't remember which wallet I used to generate the seed, but I think it was the Atomic wallet.


So I can use Electrum on the PC and Mycelium on the phone without any danger?


Given that I plan on reaching 1 btc at least (if it doesn't skyrocket before I'm able to), I think I will make 2 wallets, the main one which I will keep on a Linux live usb stick and a small one to use daily. But that's for the future, I'll have to learn how to sign a transaction offline.


Question 2: on the Electrum wallet I have some money on the address X and some other money on the address Y. The sum of x and y make the total amount of my money. Can I move the money to a specific address or do I have to "send" them to myself?

Question 3: when I choose which address I want to use to receive money, if I select the ones with money in them, they are highlighted in red. Does this only mean that they already contain money or there's something else to know?

Question 4: how come I can choose which address to use to receive money but I cannot choose which address to use to send money? If it automatically uses the main one, the receiver will be able to see my balance, no?

For saving bitcoin, electrum wallet is one of the best, but you too have to use it carefully, there are malware that can hack electrical wallet, avoid unknowingly installing malware and you are good to go. As for me, I like only one bitcoin mobile wallet, it is electrum. Be careful of your seed phrase, so far too use electrum, it will be advisable to only use another electrum wallet for recovery in case as it will not deny you of you seed phrase, it will always use the same derivation part.

As for hardware wallet, they are one of the safest but that does not mean electrum wallet is not good, but if you have money to get a good hardware wallet like trezor one or ledger nano s or x, them tou are good, but no wallet is 100% safe until you yourself is so careful, also, hardware wallets support many cryptocurrencies.

Which wallet have you used to generate the seed?

Atomicwallet supports legacy addresses only (start with 1)  while Exodus and Electrum support bech32 addresses (start with bc1) and that's why you can't see your balance in atomic. Electrum lets you choose the type of addresses (while restoring the wallet), but other wallets don't.


If you don't like how Electrum wallet looks on the phone, go with Mycelium.


If you don't want to invest in a hardware wallet, then yes, Electrum is definitely the way to go.

Note: You can restore any wallet's seed into electrum, but electrum's cannot be imported anywhere but to itself and Bluewallet.

Thanks for the welcome. I moved the topic as you said.
I don't see the money in the atomic wallet even if I only leave bitcoin as a currency.
If I write my atomic wallet address on blockchair or blockstream I see no money either.



Hi, thanks. Yes I can imagine. But in the beginning I am making a lot of tests sending money to myself in order to get a grip of how it all works, but I can see how it can become dangerous.
The exodus wallet looks very good but you cannot set the fees therefore I abandoned it.

Now regarding the "derivation path", I think you are spot on.
The address of the atomic wallet starts with a 1, the one on the electrum wallet starts with the letter b.
Do I choose this "derivation path" or is it an automatic thing that the wallet does?
From what I understood, my money are still attached to my seed phrase, so even though my atomic wallet does not show them, they are in fact in there, the problem is that the wallet by default only shows a certain amount of addresses. Can I decide which addresses it shows?



The problem with Electrum is that the mobile app looks a bit horrendous, but if you guys suggest it as the best one I will stick with it.
I had read that the Electrum wallet was hacked though a few years ago and a warning message appeared asking users to download a fake wallet which stole their money. That said, you think Electrum is the best wallet (besides the cold ones)?

I'd prefer to leave the topic to the beginner section as I have other questions.

Actually it's not safe to import seed to different wallets like Exodus and Atomic wallet. I don't want you to lose all of your Bitcoins next time make a wallet only for one wallet and don't export it to different wallets.

About your question, it seems that the Atomic wallet is generated a different wallet not the same as the Exodus wallet and Electrum.
The possible reason the Atomic wallet generates different derivation paths that's why it generates different wallet addresses and shows zero funds.

I suggest you better stay using Electrum this is what I currently using without any issue yet and friendly user.

And this topic must be moved to Wallet software

It is a good security practice not to write your seed anywhere. Don't go pasting your seed around wallets ,as you can be easily hacked this way.

Atomic wallet is not a very good wallet imo. Stick with electrum  or exodus.

You probably used the wrong derivation path in atomic wallet  , this is why you see other addresses.  Do they start with which number? And in electrum?

Hello Folio, welcome to bitcoin forum.
You don't have to feel embarrassed. No one will judge you by your ignorance as a newbie. We all started somewhere like you.

There is no problem with moderators to use this thread to ask various questions regarding bitcoin. You just have to move it to the Beginners & Help board [the "move" button is in the bottom of this page]. Instead, i suggest you to do your own researches using the search option or any searche engine in the internet, as almost all the frequent asked questions have been responsed before. But if you insist to use this forum whenever you want to ask something, i invite you to take a look at the forum rules before to start; Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ

Atomic wallet is a multi-currency wallet. This means it can be used to store other cryptocurrencies. However, you should see your btc balance if you use your own seed. I am not familiar with it, just try to select only bitcoin pair and see if it shows your money.
As you are in a basic stage, i suggest you to continue with Electrum, it's a friendly use bitcoin client dedicated for both newbies and experienced users .

Hello everyone. I believe this is the official forum where it all began, so I feel both excited and a bit embarrassed to write my ignorant questions here.

So I have fallen into the bitcoin hole for the last few months, but I have still a lot of doubts, if it's not a problem with moderators, I'd like to use this discussion to ask various questions regarding bitcoin that will pop to my mind. If it's a problem you can delete the topic.



Question 1: I have a wallet, I have the seed phrase. If I open it with the exodus wallet or the electrum wallet, I see my money. If I open it with atomic wallet, I see my balance at 0. I believe it must be because these wallets contain different kinds of addressed, because if I look at them, I indeed see different addresses. Is this normal? Shouldn't my wallet (whatever it is), see my coins in whichever address they are?