The project broadcasts announcements on its Twitter channel and dispenses help via r/Electrum subreddit. The documentation also deals with niche use cases such as routing transactions through a Tor network, or setting up a watchtower for your lightning wallet. Some advanced functions - such as configuring multisig wallets, signing transactions, and getting hardware wallets to work on Linux - get their own sections. The official documentation begins with an FAQ, which does a nice job of running through some of the wallet’s interesting features. The website points to two distinct resources one is the official documentation, while the other is an unofficial resource that hosts about two dozen easy-to-follow and well-illustrated guides. In fact, we’d advise anyone interested in using Electrum, irrespective of their experience with cryptocurrencies, to spend some time going through its extensive documentation to familiarize themselves with its peculiarities. However, not all of it is immediately apparent. You can then right-click on any of them to get the option to spend them.įor a thin wallet, Electrum packs quite a lot of functionality. You’ll have to enable the Coins tab from under the view menu to view all the individual UTXOs or unspent transaction outputs. However, you have to enable it first from the Tools menu.Įlectrum also has coin control features, but these too are hidden by default. One of Electrum's most interesting features is the ability to send payments to multiple addresses at the same time, which helps save on transaction fees. I believe that usually means creating a Bitcoin transaction on the blockchain which transfers control of the money from one wallet to another. The tab also has a slider that you can use to specify the fee for the transaction. The watch only address came from electrum, I sweeped the coin from a paper coin I had from years ago and it went in but only to a watch only version Jordan. Keep in mind your safety when choosing the right one. Many support all kinds of different coins or are specifically just for one.
ELECTRUM COIN CONTROL MAC
Again, you can optionally add a description for the transaction to help you identify it later. Quick overview Platform Windows, Linux, Mac Type Desktop Private keys in your control Electrum supported coins Cryptocurrency wallets, like Electrum help you store your coins so they’re not exposed on the exchange.
To send Bitcoin, switch to the Send tab and enter the address of the wallet you want to send to, either manually or by scanning its QR code. Electrum will also automatically convert the Bitcoin amount into fiat currency. Optionally you can add a description to the transaction and an expiry date for the request. The Receive tab gives you the option to generate a new address, along with a QR code, either of which you can then pass on to the sender. There are separate tabs for sending and receiving Bitcoin, and another to view past transactions.
Once you’ve set up the wallet to your liking, the process of transferring funds isn’t all that complicated. (Image credit: Electrum Wallet) Transferring funds
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