Balance not showing in Bitcoin core wallet

[Bitconified]

Hi everybody:)I just bought 0.1541 worth of bitcoins on localbitcoins and later i transferred bitcoins from my online wallet at localbitcoins to my bitcore core wallet which is installed on my desktop.I used one of receiving address of bitcoin core wallet(1M5ToiHG1NRjsSmE8iwWHePUPYyQNymDGH)which is also appearing on the blockchain as you can see(https://blockchain.info/address/1M5ToiHG1NRjsSmE8iwWHePUPYyQNymDGH) but the problem is that the balance in my bitcoin core wallet is not updated yet.Well i have just installed bitcoin core on my windows PC and it was still syncing and downloading the blockchain when i used the receiving address. Well i think this is the reason my balance is not up to date?After the synchronization the balance will appear automatically?
Thanks

[rebuilder]

Yes, after synchronization completes you will see your correct balance.

The client is downloading and verifying blocks from way back when the network first went up to this day, so until it reaches the block your transaction was in, it can't know about it. If you are in a hurry, you might want to use a light wallet such as Electrum.

[Bitconified]

Yes, after synchronization completes you will see your correct balance.

The client is downloading and verifying blocks from way back when the network first went up to this day, so until it reaches the block your transaction was in, it can't know about it. If you are in a hurry, you might want to use a light wallet such as Electrum.

Thanks for the quick reply :)I should have used electrum now i am getting a little impatient. Well is there any way i can transfer my balance to some other wallet which its still syncing ?

[shorena]

Yes, after synchronization completes you will see your correct balance.

The client is downloading and verifying blocks from way back when the network first went up to this day, so until it reaches the block your transaction was in, it can't know about it. If you are in a hurry, you might want to use a light wallet such as Electrum.

Thanks for the quick reply :)I should have used electrum now i am getting a little impatient. Well is there any way i can transfer my balance to some other wallet which its still syncing ?

No, but you can export the private key from the console (Help -> Debug window -> Console). Lets assume your password is 'passw0rd', so you enter:

Code:

walletpassphrase passw0rd 180

which unlocks your wallet for 180 seconds.

With

Code:

dumpprivkey 1M5ToiHG1NRjsSmE8iwWHePUPYyQNymDGH

you expose your private key. Make sure no one else sees it. Dont store it in the cloud, dont send it by mail. If you have to transfer it to a different machine use an USB stick.

Now (I assume you have your new electrum wallet open on the same machine here) switch to electrum and:

#1 Make sure you have a backup of the seed.
#2 Make sure you have a backup of the seed. Yes, I just wrote that, but you wouldnt believe how many bitcoins have already been lost because people have no backup of their seed. Make. a. backup. now.
#3 go to Wallet -> Private keys -> sweep, copy the private key into the box and click sweep.