Ethereum: Send BTC with Electrum – Which Address is Used?
Welcome to the world of Bitcoin and Ethereum! You’ve probably 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 it creates 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.
About Electrum Addresses
Electrum uses a format called “hexadecimal addresses” or “public keys” to represent Bitcoin addresses. These addresses are made up of 34 characters, typically in the format m/0'/0/C.
m– The main 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 slash and then a single quote to indicate the account balance.
- /C
: A slash and then another slash, followed by a single character representing the asset type (e.g.,bfor Bitcoin).
Which address is used to send BTC?
When you want to send Bitcoin from your Electrum wallet, you must 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 correct address
To ensure that you can send Bitcoin, make sure to use an address that matches one of the formats above. If you are unsure which format to use or need help generating a new address, please refer 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 will be presented with several addresses
- Choose an address that matches one of the formats above
- Copy and paste the address into the Electrum recipient 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 make sure it is a legitimate recipient before making any transactions.
