Send/transfer Bitcoin to multiple wallet destination

Captain-Cryptory

newbie

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Quote from: ABCbits on July 24, 2020, 06:47:35 AM

If someone don't know, "Pay to Many" is also a good option for sending change to personally selected own address/es which can be chosen from "coin" menu. Just write into the relevant field that address and instead of sum put down the exclamation mark to ensure the rest of the sum would go to that address. One may even split the change between a few addresses. Will that trick (in someextend) the "surveillance" software?

The good thing is Electrum have multiple change address feature (which is disabled by default), so you don't need to do it manually with "Pay to Many".

Sure it has, but there may be a need to make it manually. One example when it would be helpful is the dust on the change addresses that arose due to their bad management by the wallet (in fact wallet doesn’t pay attention to change addresses having a few satoshies). Left as it is it would stay in such state forever, virtually, but if you feed them with extra change they will be involved into turnover.

ABCbits

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Crypto Swap Exchange

Quote from: ?? on ??

If someone don't know, "Pay to Many" is also a good option for sending change to personally selected own address/es which can be chosen from "coin" menu. Just write into the relevant field that address and instead of sum put down the exclamation mark to ensure the rest of the sum would go to that address. One may even split the change between a few addresses. Will that trick (in someextend) the "surveillance" software?

The good thing is Electrum have multiple change address feature (which is disabled by default), so you don't need to do it manually with "Pay to Many".

I doubt it can fool latest surveillance software though.

hugeblack

legendary

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Quote from: ?? on ??

Will that trick (in someextend) the "surveillance" software?

If you intend to use this option to make your balance a sum of several addresses with a fixed balance, then your identity may be revealed if you do not spend from a specific address.
Using mixers will be safer because it breaks the link between your addresses.
I also think that some exchanges block deposits from addresses with fixed balance^[1].

[1] Binance freezes BTC linked to Wasabi CoinJoin and asks invasive questions

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: ?? on ??

Will that trick (in someextend) the "surveillance" software?

Maybe, but not by that much. That being said, if you just want to avoid being flagged by exchanges due to 'suspicious coins', maybe it's worth a try, combined with some mixing.

nc50lc

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Self-proclaimed Genius

If it wasn't for this thread, I wouldn't find that typo... thanks for that.

Quote from: o_e_l_e_o on July 22, 2020, 02:15:50 PM

Using the latest version of Electrum will help to remove this fear. Now when you hit the "Pay" button, you are shown a transaction preview screen which clearly shows all your outputs, including highlighting any addresses you own in green and any change addresses in yellow, and the amount you are sending to each address. It's very easy to review your transaction for accuracy before you hit the "Finalize" and "Sign" buttons.
-snip-

The user needs to tick "advanced preview" in the 'Tools->Preferences->Transactions tab' first to enable that behavior.
Otherwise, it will just show the fee slider, amount-to-be-sent, advanced (which will display the preview) and confirmation (send/cancel) buttons.

o_e_l_e_o

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Quote from: tranthidung on July 22, 2020, 10:33:17 AM

If you fear of terrible mistakes when doing multiple payments at once (because you do it first time), try to practice it with testnet.

Using the latest version of Electrum will help to remove this fear. Now when you hit the "Pay" button, you are shown a transaction preview screen which clearly shows all your outputs, including highlighting any addresses you own in green and any change addresses in yellow, and the amount you are sending to each address. It's very easy to review your transaction for accuracy before you hit the "Finalize" and "Sign" buttons.

Also, when using pay to many in Electrum, you can enter ! instead of an amount next to one address, and it will send all remaining bitcoin to that address.

tranthidung

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Farewell o_e_l_e_o

It depends on each people style to do their works to implement payments to multiple addresses.

Hhampuz has his style to prepare all things in the spreadsheet (PlayBetr payments, ie.). You can see he prepared the format and amount of BTC that will be sent to his campaign's participants.

Resource to read: Can I do bulk payments with Electrum?

The image is from the outdated version of Electrum but it is fine. You can practice with current version of Electrum.
After click on Tools > Pay to many, you will get a message

Quote

Enter a list of outputs in the 'Pay to' field.
One output per line.
Format: address, amount
You may load a CSV file using the file icon.

If you fear of terrible mistakes when doing multiple payments at once (because you do it first time), try to practice it with testnet.

BIT-BENDER

hero member

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Playbet.io - Crypto Casino and Sportsbook

I am still fascinated with crypto-coin, my country is crypto-coin energized popular coin is bitcoin and this would get better with time local exchanges are coming up, bitcoin accepted for things.
Ok to my topic, I am learning here Everytime and it always seems the answer to my question is available -i just have to search-
I understand transfer of bitcoin will high fee begot a short time of completing transfer,
I find it a daunting task sending btc to multiple wallet, before I have to send it one at a time until I researched and got a great answer and I think if anyone -newbies- doesn't know can find this interesting.

Quote from: nc50lc on February 07, 2019, 11:26:01 PM

Use "pay to many" option in your exiting Bitcoin client/wallet if it has one.

If you're using Electrum, there's a "Pay to Many" option in "Tools" menu which expands the "Pay to" input box on the "Send" tab. You will have to type/paste one address per line (address->enter->address).

Am using Electrum wallet and this feature is exciting.

PS -newbies- search option is like your remote control to multiple answer to question/problem be-friend it.

Topic: Send/transfer Bitcoin to multiple wallet destination (Read 252 times)