Help! I am new I think i used the wrong receiving address!!

[anon2009]

Hi I don't even know if I am posting in the correct area. I just really need some help right now.

I downloaded Bitcoin Knots and I clicked file > receiving addresses > new > then had the money sent to that address. I then went on youtube and saw people doing it completely different (ie. they were getting their address from the receive tab, whereas I got mine from the file tab in the top left corner). Have I just wasted all my money?

[1715633860]

1715633860

[1715633860]

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[1715633860]

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[AngryDwarf]

Hi I don't even know if I am posting in the correct area. I just really need some help right now.

I downloaded Bitcoin Knots and I clicked file > receiving addresses > new > then had the money sent to that address. I then went on youtube and saw people doing it completely different (ie. they were getting their address from the receive tab, whereas I got mine from the file tab in the top left corner). Have I just wasted all my money?

No, that's how I do it in Bitcoin Core. If Knots is anything like core, you should first see an incoming unconfirmed transaction. This transaction should eventually get confirmed depending on the fee.

[anon2009]

Thank you so much AngryDwarf, I feel like a weight has been lifted!

One last question though, how long did it take Bitcoin Core to finish synchronizing for you? It says for me it will take 40 hours... I just really want to purchase something now!!

[K128kevin2]

Thank you so much AngryDwarf, I feel like a weight has been lifted!

One last question though, how long did it take Bitcoin Core to finish synchronizing for you? It says for me it will take 40 hours... I just really want to purchase something now!!

Bitcoin Core took a few days for me. You only need to wait through that once though, as the blockchain is saved to your computer. If you stop it, wait a while and open it again, you'll only have to download the blocks you missed.

[AngryDwarf]

Thank you so much AngryDwarf, I feel like a weight has been lifted!

One last question though, how long did it take Bitcoin Core to finish synchronizing for you? It says for me it will take 40 hours... I just really want to purchase something now!!

It really depends on your PC specs. There is a block validation element which requires CPU power (some full node solutions now assume blocks are valid up to a certain cut off point), and the disk based aspect of storing and indexing the blocks and transactions.

On an old magnetic disk drive, I would expect a full block chain download to take about 7 days. On a newer SSD, I would expect it to be done in 24 hours. Your mileage may vary.