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Ethereum: Send BTC with Electrum – Which Address to Use?
Welcome to the world of Bitcoin and Ethereum! You’ve probably downloaded and installed the popular Electrum wallet, which is a great tool for managing your digital assets. However, you may have noticed that Electrum generates multiple addresses when you create a new wallet.
In this article, we’ll explore what these addresses are used for and how you can use them to send Bitcoin (BTC) from your Electrum wallet.
Understanding Electrum Addresses
Electrum uses a format called “hexadecimal addresses” or “public keys” to represent Bitcoin addresses. These addresses consist of 34 characters, usually in the format m/0'/0/C.
m: The main part of the address, which represents the network type (e.g.1for Bitcoin Mainnet).
/0': a slash followed by a number indicating the account ID.
'0': Another slash followed by a single quote to indicate the account balance.
- “/C”: a slash followed by another slash followed by a single character representing the asset type (e.g. “b” for Bitcoin).
Which address is used to send BTC?
When you want to send Bitcoin from your Electrum wallet, you must use an address that matches one of the following formats:
m/0'/0/C: For Bitcoin Mainnet
+ Example: 1a1d7f6e4df3d0785b9b2da7c8ac656ce67cd34fe (replace with your actual Electrum address)
m/0': For Bitcoin Cash (BCH) or other alternative chains
+ Example: 1h1d7f6e4df3d0785b9b2da7c8ac656ce67cd34fe (replace with your actual Electrum address)
Choosing the right address
To ensure you can send Bitcoin, make sure you are using an address that matches one of the above formats. If you are unsure of which format to use or need help generating a new address, please refer to Electrum settings or online resources.
Sending BTC: A Step-by-Step Guide
- Open Electrum and select “File” > “New Wallet”
- Follow the on-screen instructions to create a new wallet
- Once your wallet is created, you will be presented with several addresses
- Select an address that matches one of the formats above
- Copy and paste the address into the recipient’s Electrum window
Following these steps, you can use your Electrum wallet to send Bitcoin from one address to another. Always remember to verify the address and make sure it is a legitimate recipient before making any transactions.
