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Author Topic: first time sending bitcoins  (Read 402 times)
illmattic
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March 01, 2014, 04:30:48 AM
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I just sent 0.01 bitcoins from my qt wallet to my exchange wallet but when I went to look up the transaction under blockchain it shows 0.01 being sent to my exchange wallet but 0.9 being sent to a different address. My balance under blockchain reflects sending 0.1 while my balance under my qt wallet shows ive only sent 0.01?
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illmattic
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March 01, 2014, 04:37:45 AM
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correction 0.09 was sent to this unknown wallet
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March 01, 2014, 05:10:41 AM
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You have to understand how Bitcoin QT works. To protect your privacy, the client takes the neccesary inputs for the transaction and sends them to the destination address, the reminder is then sent to a "change"-address within your wallet. Your wallet has a set of 100 pregenerated addresses for change, so your coins are not lost, but just sit in another address.

More infos at: https://en.bitcoin.it/wiki/Change
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March 01, 2014, 05:16:02 AM
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Ic, thanks for clarifying that up for me. I was afraid something was wrong.
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