Bitcoin Core Addresses

[TheAngryLesbian]

Hi guys!

I'm new here and to Bitcoin.

I DL Bitcoin Core and I'm just having a look around and I can't for the life of me figure out how to create a sending address??

I'm using a site to buy stuff and to register I need to "Setup your payout addresses" which is "the address where centralised escrow is released to the seller, and where buyer refunds are sent".

Soooo, what do I do??

Cheers!

[okae]

if you are using bitcoin core and this is the first time you use it, your wallet will automatically have your first bitcoin address.

check it here https://en.bitcoin.it/wiki/File:Bitcoin-qt-receiving-address.jpg  so just select the current one that you already have and press the "show" button and you should be done, thats your add.

[TheAngryLesbian]

I don't have anything?

And the website is asking for a "Payout Address" ?

[DannyHamilton]

it is generally a good idea to use a new address for every transaction (think of an address more like an "invoice number" and less like an "account number".  Bitcoin Core makes this very easy to do.  Anytime you want to start a new transaction, you just click the "Receive" tab, and then the "Request payment" button.  Each time you click that button, Bitcoin Core will generate another address for you. Then when you receive a payment at the address you'll know exactly who sent it to you, and what it was for (since you are able to add a "Label" and a "Message" to yourself in your wallet associated with the address, and the only person that knows the address other than you is the person, or service, that you gave it to).

Unfortunately, there are some services that encourage you to give them a single address that they will use to send bitcoins to you over and over.  Since Bitcoin Core keeps track of all the addresses that it has ever generated, you can just generate a new address for the service and they can just keep using it.

If you want to see the list of all the addresses that you've generated so far, you can look in the "File" menu at the list of "Receiving Addresses".

I can't for the life of me figure out how to create a sending address??

I think you are confused.  "Sending Addresses" in Bitcoin Core are like an address book in email.  It's just a way for you to keep track of the addresses that other people have given to you for you to send bitcoins to them.  If you give out a "Sending Address", then you are giving out someone else's address (just like if you give out an email address from your address book then you are giving out someone else's email address), and any bitcoins sent to that address will go to that other person, not you.

Any time you create a transaction in the "Send" tab, to send bitcoins to someone, you can enter a Label.  The address and label that you sent to are then automatically added to your list of "Sending Addresses" (just like you can add a name when you send an email to someone and then their email and name will be added to your email address book).

[TheAngryLesbian]

it is generally a good idea to use a new address for every transaction (think of an address more like an "invoice number" and less like an "account number".  Bitcoin Core makes this very easy to do.  Anytime you want to start a new transaction, you just click the "Receive" tab, and then the "Request payment" button.  Each time you click that button, Bitcoin Core will generate another address for you. Then when you receive a payment at the address you'll know exactly who sent it to you, and what it was for (since you are able to add a "Label" and a "Message" to yourself in your wallet associated with the address, and the only person that knows the address other than you is the person, or service, that you gave it to).

No one is paying me though?

And how do I add bitcoins to spend elsewhere??

I think you are confused.  "Sending Addresses" in Bitcoin Core are like an address book in email.  It's just a way for you to keep track of the addresses that other people have given to you for you to send bitcoins to them.  If you give out a "Sending Address", then you are giving out someone else's address (just like if you give out an email address from your address book then you are giving out someone else's email address), and any bitcoins sent to that address will go to that other person, not you.

You're right. I am confused lol

The website I am using is asking for a "Payout Address" where the centralised escrow is released to the seller, and where buyers refunds are sent.

I just don't get it. I'm so confused!

[DannyHamilton]

The website I am using is asking for a "Payout Address" where the centralised escrow is released to the seller, and where buyers refunds are sent.

I don't know anything about the website you are using, since you haven't told us which website it is.

However, if they are asking for a "payout address", I'm guessing that this is the address that they will use to "payout" bitcoins to you when you sell something, and/or the address that they will use to "payout" refunds to you if an item that you purchase is not delivered, or if the item that you receive does not match the description on the site.

Therefore, it sounds like they probably want you to provide them with one of your "receiving" addresses which they will use to send bitcoins to you.  That sure sounds like someone paying you.

As for how you add bitcoins, first you'll need to get some bitcoins from somewhere.  You can use a bitcoin exchange (such as Coinbase, Circle, BitStamp, Bitfinex, BTC-e, etc), or you can find someone locally that is willing to meet up with you to exchange bitcoins for cash (services such as localbitcoins.com can help you find someone), or you can provide products or services to others and accept bitcoin as payment, or you can use a service such as BitWage to receive a portion of your salary in bitcoin.

Wherever you are getting the bitcoins from, you'll give the bitcoin provider a receiving address from your Bitcoin Core wallet, and they will send the bitcoins directly to your wallet.  Once you have some bitcoins, you can use the "Send" tab to create a transaction to send some (or all) of those bitcoins elsewhere.  The website that you are using should provide 1 or more bitcoin addresses to send to when you want to send a payment to them.

[TheAngryLesbian]

Ok. Ok I'm slowly catching on now lol

I don't know anything about the website you are using, since you haven't told us which website it is.

It's a naughty website, that's why I haven't mentioned the name lol

Therefore, it sounds like they probably want you to provide them with one of your "receiving" addresses which they will use to send bitcoins to you.

So how do I create a receiving address?

I used this:

https://www.bitaddress.org/

to generate one, and this:

http://lenschulwitz.com/base58

to check validation, but I have no idea what to do with it?

[DannyHamilton]

Therefore, it sounds like they probably want you to provide them with one of your "receiving" addresses which they will use to send bitcoins to you.

So how do I create a receiving address?

I used this:

https://www.bitaddress.org/

I'm sorry. Now I'm confused.  The title of this discussion thread is "Bitcoin Core Addresses".  Are you asking how to generate an address in Bitcoin Core, or are you asking how to use an address that you generated in bitaddress.org?  If you have Bitcoin Core running on a computer, then why are you using bitaddress.org?  I already explained how to use Bitcoin Core:

Bitcoin Core makes this very easy to do.  Anytime you want to start a new transaction, you just click the "Receive" tab, and then the "Request payment" button.  Each time you click that button, Bitcoin Core will generate another address for you. Then when you receive a payment at the address you'll know exactly who sent it to you, and what it was for (since you are able to add a "Label" and a "Message" to yourself in your wallet associated with the address, and the only person that knows the address other than you is the person, or service, that you gave it to).

Unfortunately, there are some services that encourage you to give them a single address that they will use to send bitcoins to you over and over.  Since Bitcoin Core keeps track of all the addresses that it has ever generated, you can just generate a new address for the service and they can just keep using it.

If you want to see the list of all the addresses that you've generated so far, you can look in the "File" menu at the list of "Receiving Addresses".

If you are not using Bitcoin Core, and instead you are using bitaddress.org, then you'll need to make sure that you safely and securely store the private key that bitaddress.org gives you for each address.  If you receive bitcoins at an address generated by bitaddress.org, and you no longer have the private key then the bitcoins can not EVER be spent.  They will be stuck at that address forever.

Assuming that you have the private key, then you can give out the bitcoin address to others for them to send bitcoins to you.  When you are ready to spend them, you'll need to import the private key into wallet software that you can use to create the transaction.

[ranochigo]

Ok. Ok I'm slowly catching on now lol

I don't know anything about the website you are using, since you haven't told us which website it is.

It's a naughty website, that's why I haven't mentioned the name lol

Therefore, it sounds like they probably want you to provide them with one of your "receiving" addresses which they will use to send bitcoins to you.

So how do I create a receiving address?

I used this:

https://www.bitaddress.org/

to generate one, and this:

http://lenschulwitz.com/base58

to check validation, but I have no idea what to do with it?

You could go to Recieve tab on Bitcoin Core then click request payment if you don't want to fill out informations. Then you can copy the address when the popup appears.

What you have most probably done is to generate an address most probably at the first page. You can use that address as your main payment address. But before you do anything, backup your "PRIVATE" first either into a textfile or writing it down. Go to HELP>DEBUG WINDOW>CONSOLE and enter

Code:

importprivkey (PRIVATE HERE)

to import it to Bitcoin Core. Alternatively, use Multibit or electrum as they are more convenient to use.

[TheAngryLesbian]

I'm sorry. Now I'm confused.  The title of this discussion thread is "Bitcoin Core Addresses".  Are you asking how to generate an address in Bitcoin Core, or are you asking how to use an address that you generated in bitaddress.org?  If you have Bitcoin Core running on a computer, then why are you using bitaddress.org?  I already explained how to use Bitcoin Core:

If you are not using Bitcoin Core, and instead you are using bitaddress.org, then you'll need to make sure that you safely and securely store the private key that bitaddress.org gives you for each address.  If you receive bitcoins at an address generated by bitaddress.org, and you no longer have the private key then the bitcoins can not EVER be spent.  They will be stuck at that address forever.

Assuming that you have the private key, then you can give out the bitcoin address to others for them to send bitcoins to you.  When you are ready to spend them, you'll need to import the private key into wallet software that you can use to create the transaction.

You could go to Recieve tab on Bitcoin Core then click request payment if you don't want to fill out informations. Then you can copy the address when the popup appears.

What you have most probably done is to generate an address most probably at the first page. You can use that address as your main payment address. But before you do anything, backup your "PRIVATE" first either into a textfile or writing it down. Go to HELP>DEBUG WINDOW>CONSOLE and enter

Code:

importprivkey (PRIVATE HERE)

to import it to Bitcoin Core. Alternatively, use Multibit or electrum as they are more convenient to use.

It's ok guys!

I figured it out!

I was just a bit confused and totally skipped over the "All fields are optional" bit lol

Thanks for your help!!