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Author Topic: Noob Question: How to to transer Bitcoin from online site to Electrum Wallet  (Read 362 times)
Kroket (OP)
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January 25, 2017, 07:49:04 PM
 #1

Total noob. First time i use this.

So i bought Bitcoin for 10 euros at bitmymoney.
I got the electrum wallet since it says its the most secure.
I opened a default wallet with the words and password.
Now i read FAQs both on the bitmymoney and electrum sites but nowhere does it specify how i am supposed to move my bitcoin to the wallet.
It gives me a long code starting with 1N etc etc which it says i am supposed to enter in my wallet. But where?
'Receive' seems most logical but there is a code starting with 1J already and i cant delete / adjust that no matter what i do.
I checked all options but cant find 'receive'. Only 'send' but i figure i should be receiving.

Anyone knows where i can do this? As far as i understand it as soon as i have this Bitcoin in my wallet i can do a payment with it (using the Send tab??)

Thanks.
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January 25, 2017, 08:23:44 PM
 #2

Total noob. First time i use this.

So i bought Bitcoin for 10 euros at bitmymoney.
I got the electrum wallet since it says its the most secure.
I opened a default wallet with the words and password.
Now i read FAQs both on the bitmymoney and electrum sites but nowhere does it specify how i am supposed to move my bitcoin to the wallet.
It gives me a long code starting with 1N etc etc which it says i am supposed to enter in my wallet. But where?
'Receive' seems most logical but there is a code starting with 1J already and i cant delete / adjust that no matter what i do.
I checked all options but cant find 'receive'. Only 'send' but i figure i should be receiving.

Anyone knows where i can do this? As far as i understand it as soon as i have this Bitcoin in my wallet i can do a payment with it (using the Send tab??)

Thanks.

To transfer bitcoins you need an address to transfer the bitcoins to. They're the ones that begins with number "1" under the "Receiving" tab in electrum. You can also find more of them under the "Addresses" tab (press CTRL+A if you don't see it).

                                                                       
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Kroket (OP)
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January 25, 2017, 09:39:59 PM
Last edit: January 25, 2017, 10:02:46 PM by Kroket
 #3

Aha i see!

Well i managed to do that. I sent the equivalent of 8 euros to my wallet with that 1J adress.
So now it says +9,5etc mBtc unconfirmed. Do i need to do something to confirm the transfer?

Once i have that BC in the wallet how do i do an actual payment online. Like i need to buy something for equivalent of 5 euros and i already tried i get a payment key i imagine i have to go to Send and fill in the code + correct amoun in microBitcoin? (which is 1btc = 1000 mbtc??)

Edit: right i see the confirmation was on the side of bitmymoney. The 9,5etc MBtc is in my account. So now for the payment. Any advice do i have to do what i described above?
Edit2: right i succesfully managed doing just that!  Cool
longbob72
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January 25, 2017, 10:04:19 PM
 #4

Aha i see!

Well i managed to do that. I sent the equivalent of 8 euros to my wallet with that 1J adress.
So now it says +9,5etc mBtc unconfirmed. Do i need to do something to confirm the transfer?

Once i have that BC in the wallet how do i do an actual payment online. Like i need to buy something for equivalent of 5 euros and i already tried i get a payment key i imagine i have to go to Send and fill in the code + correct amoun in microBitcoin? (which is 1btc = 1000 mbtc??)

Edit: right i see the confirmation was on the side of bitmymoney. The 9,5etc MBtc is in my account. So now for the payment. Any advice do i have to do what i described above?

As long as you're using enough fee, the transaction should be confirmed in less than an hour.

When you want to buy or pay for something online using BTC you'll be given an address to send your BTC to. You'll need to copy that address and paste it to the "Send" tab. From there you can specify the amount you wish to send.
After you've done all that just click "Send", or "Preview" if you want to make sure you did everything correctly then "Sign" and "Broadcast".

Now since you're still new I'd suggest you to use the dynamic fee feature. To use it just go to Tools > Preferences and check "Use dynamic fees". When you're sending you'll want to leave the slider at the middle, or you can move it to the right if you want a faster confirmation time (you'll have to pay more fee but it's not a lot).

                                                                       
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