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Author Topic: Electrum wallet help  (Read 107 times)
yarikcerv (OP)
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November 18, 2023, 05:04:44 AM
 #1

Hello everyone,

I often send and receive BTC to my wallet, so I became interested in the possibility of setting up a unified change address, so that any excess BTC, if there is any, would be sent to this address. I understand that this will reduce privacy, but it's not important.

Is such a possibility available? For example, through a console command.

Thank you in advance.

P.S. I'm not proficient in English; the text was created using a translator.
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Zaguru12
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November 18, 2023, 05:13:33 AM
Last edit: November 18, 2023, 05:23:47 AM by Zaguru12
Merited by pooya87 (2), Findingnemo (1)
 #2

If am not mistaken you want all your change to be sent to a single address, then the solution is to import the individual private key of that address into electrum this will make electrum to send the change to where the bitcoin is coming from. But should you import the seed phrase then I think it will definitely generate new change address for every new transaction having a change as that is the protocol of an HD wallet format.

I think I have found the a way for to specify the change address should you import the seed phrase. Follow This guide below, the two address there means you are sending to two output address plus the the specified changed address of your sending to just one then it should be one address and then the specified change address which Must end with Exclamation mark


To use a specific address as a your change wallet you can use the "send to many" feature.  In the "send to" field you can list multiple addresses, followed by a comma, then the amount you want to send.  Use a exclamation point for the last address, which will be your change address.  The exclamation point will select the remaining amount, minus fees to send to that address.

Example:

1xFirstPaymentAddressxxxxxxxx,0.0035
1xSecondPaymentAddressxxxxx,0.004
1xSpecificChangeAddressxxxxxx,!

Electrum will show you the outputs before you confirm them, and you can double check the addresses there.  If the change address is in your wallet it'll be highlighted in green.  The change addresses created by Electrum will be highlighted in yellow.

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nc50lc
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November 18, 2023, 05:31:37 AM
Merited by bitmover (3), pooya87 (2), Findingnemo (1), DdmrDdmr (1), seek3r (1), paid2 (1)
 #3

Is such a possibility available? For example, through a console command.
Yes, use "pay to many" and "coin control".

Coin control isn't mandatory but useful in this case if you have lots of UTXO.
Learn how to do it here: bitcoinelectrum.com/how-to-spend-specific-utxos-in-electrum/

Then, for using specific change address:
  • After selecting the coin with enough bitcoins that you want to spend,
  • Go to 'Send' tab, click the small setting icon on the top-right and tick "Pay to many".
  • In 'Pay to', paste your preferred change address as one of the recipient with amount of "!", for example: tb1q39wfap3srjnpjtap6lhfj06mwymdz4e42u0e47,!
  • Press enter to add a new line and paste the recipient's address with the amount that you want to send, for example: tb1qcku7kepqvj88lz9gd7ac3uhzszfsve3uwypts4,0.00012345
  • Then, proceed to the usual sending procedure.

For reference: Based from the example, 'Pay to' field should look like this:
Code:
tb1q39wfap3srjnpjtap6lhfj06mwymdz4e42u0e47,!
tb1qcku7kepqvj88lz9gd7ac3uhzszfsve3uwypts4,0.00012345

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yarikcerv (OP)
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November 18, 2023, 07:26:09 AM
Merited by bitmover (1)
 #4

For reference: Based from the example, 'Pay to' field should look like this:
Code:
tb1q39wfap3srjnpjtap6lhfj06mwymdz4e42u0e47,!
tb1qcku7kepqvj88lz9gd7ac3uhzszfsve3uwypts4,0.00012345


Thank you, it's so simple and it works.
nc50lc
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November 19, 2023, 01:05:49 PM
 #5

-snip-
Thank you, it's so simple and it works.
Take note that the suggested coin control has to be used beforehand because by using "!', Electrum wont use its balanced size-privacy oriented coin selection algorithm.
It will use all of your available UTXO is that transaction.
And even if you do not worry about privacy, it could create a transaction with high transaction fee for using too many inputs in some cases.

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bitmover
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November 19, 2023, 02:07:14 PM
 #6

-snip-
Thank you, it's so simple and it works.
Take note that the suggested coin control has to be used beforehand because by using "!', Electrum wont use its balanced size-privacy oriented coin selection algorithm.
It will use all of your available UTXO is that transaction.
And even if you do not worry about privacy, it could create a transaction with high transaction fee for using too many inputs in some cases.

You can also choose just a few utxo , the minimum to complete the amount that you want to transact, then click spend

It will work with your solution


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