Ethereum: How to create a sending address with Bitcoin Core?

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Here’s an article on How to Create a Sending Address with Bitcoin Core:

Creating a Sending Address with Bitcoin Core: A Step-by-Step Guide

Are you familiar with the concept of sending cryptocurrency? In this article, we’ll walk you through the process of creating a receiving address (also known as a « sending address ») with Bitcoin Core.

What is a Receiving Address?

A receiving address is used to send funds from your Bitcoin wallet to another wallet or an exchange. It’s essentially like a bank account that allows you to receive payments and transfer them to other addresses.

Step 1: Open Bitcoin Core and Go to the Configuration Menu

To create a sending address, you’ll need to open Bitcoin Core and navigate to the configuration menu. Here’s how:

*On Windows:

+ Launch Bitcoin Core from your Start menu.

+ Click on « Wallet » > « Configuration » > « Edit ».

+ Select the wallet you want to use (e.g., your main wallet or a secondary wallet).

  • On macOS or Linux:

+ Launch Bitcoin Core from the Applications/Utilities folder.

+ Select « Wallet » > « Edit Wallet ».

Step 2: Select the Address Type

Once in the configuration menu, select the address type you want to use. In this case, we’ll choose « Send-only ». This means that only funds will be sent to the chosen address.

  • You can also create a receiving address with multiple addresses by selecting the « Multiple senders » option and adding each address separately.

  • To create a sending address, select « Send-only ».

Step 3: Add the Address

Now, you’ll need to add the address that will receive your funds. Here’s how:

*On Windows:

+ In the configuration menu, click on « Add sender ».

+ Select the address type (e.g., « Address »).

+ Enter the recipient’s Bitcoin wallet or exchange name and ID.

  • On macOS or Linux:

+ Click on « Add sender » in the « Senders » tab.

Step 4: Fill Out the Information

To complete the process, you’ll need to fill out some information. This includes:

  • The address type (e.g., « Address »).

  • The recipient’s Bitcoin wallet or exchange name and ID.

  • Any additional details required by the recipient (e.g., a username or email).

Step 5: Save the Changes

Once you’ve added all the necessary information, click on « Save » to save the changes.

Tips and Variations

Here are some tips and variations to keep in mind:

  • You can also create a sending address with a specific fee (e.g., $10) by selecting the « Fee-only » option.

  • To send funds to multiple addresses at once, select the « Multiple senders » option and add each address separately.

  • Make sure that you’re using the correct wallet or exchange for the recipient’s account.

By following these steps, you should now have a receiving address with Bitcoin Core that can receive payments from your main wallet. Happy sending!

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