ELI5: What is Bitcoin Change Address? - freedomnode.com

Dogecoin

The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The new innovative crypto-currency.
[link]

$1 at a time

If a million people gave a dollar to someone, they could be a millionaire. We are an embodiment of this showerthought: https://redd.it/2mq94c Additionally, you can join our mailing list for monthly reminders at send.redditmm.com
[link]

Discussion for the /r/MillionaireMakers Posts

If a million people gave a dollar to someone, they could be a millionaire. We are an embodiment of this showerthought: https://redd.it/2mq94c If you are looking for the Drawing Threads, head to /millionairemakers
[link]

Can someone ELI5 bitcoin wallets and how to use and set them up?

What is the difference between a wallet app for iPhone and a wallet for mac?
submitted by Yungyubank to BitcoinBeginners [link] [comments]

Can someone ELI5 bitcoin wallets and how to use and set them up? /r/BitcoinBeginners

Can someone ELI5 bitcoin wallets and how to use and set them up? /BitcoinBeginners submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ELI5: Bitcoin wallets / how to be secure in owning and trading bitcoins. Also, future of the bitcoin exchange rate.

I'm reading in various places about how unsafe it can potentially be to store large amounts of currency in btc and about the insecurities of bitcoins.
What exactly is a wallet? If my understanding is correct it's simply a string of characters used to identify the owner of a sum of btc, correct? How can something like that be secured, other than by keeping that string safely tucked away and backed up somewhere that no one will ever know it but you? Can a wallet be password protected or something?
Finally, I've read conflicting tales on the future of the bitcoin exchange rate. Some people are saying it will soar and within a year it will steadily be worth several hundred per btc, others say that it will spiral back down and won't ever see measures in the hundreds again. Can someone back up these claims somehow?
submitted by zxrax to Bitcoin [link] [comments]

ELI5- Bitcoin wallet security

I've read a lot about wallet security, and I wonder about the real risks here. In order to keep my bitcoin really secure, I should get a computer that's offline and never touches the internet. I should either use a wallet on that computer or use it to generate paper wallets. Or I could use a CD or thumb drive to boot an OS partitioned from anything else on my computer...
All of this is tricky and scary. Especially for a newbie who's heard about all of the scams, hacks, and thefts out there.
With most of the stuff in my life, I know that bad things could happen: my car could be stolen, my credit card info swiped, etc. I'm careful, but not obsessive.
So the question is, I know what the best way to secure bitcoins is, but what 'good enough' for most people?
submitted by BTCwarrior to Bitcoin [link] [comments]

ELI5 - I just bought £10 worth of bitcoin through blockchain wallet, ended up with £9.73 of bitcoin

So I set up my wallet online, and decided to purchase £10 of bitcoin. I was told there would be a £0.30p fee, so actually spent £10.30. Have confirmed £10.30 left my bank account.
So why did only end up with £9.73 of bitcoin at time of purchase?
submitted by KungFuSue to BitcoinBeginners [link] [comments]

Can someone ELI5 where do my coins "live" when using a cold wallet like trezor? /r/Bitcoin

Can someone ELI5 where do my coins submitted by cryptoallbot to cryptoall [link] [comments]

ELI5: how to move mt bitcoin from coinbase to a wallet, which wallet.

none of this stuff makes sense to me.
submitted by Seethesvt to Bitcoin [link] [comments]

Can someone ELI5 where do my coins "live" when using a cold wallet like trezor? /r/Bitcoin

Can someone ELI5 where do my coins submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

ELI5 Why shouldn't I leave my bitcoin in the coinbase wallet?

I have about 4 btc
submitted by aseofih to Bitcoin [link] [comments]

ELI5: I have bitcoin sitting in a wallet that I can’t access. How is it contributing to the market?

I know for conventional fiat currency, money in a bank accrues interest and is lent to other consumebusinesses and contributes to the economy in a tangible way. This is obviously not the case. Is my lost cryptocurrency quietly inflating and helping increase the market value of BTC? Or is it dead money since it cannot be traded and thus loses value over time as more and more BTC is mined.
submitted by BB-r8 to Bitcoin [link] [comments]

Please ELI5: Securing my bitcoin in best wallet or storage vehicle

I have clicked on the links on the side. I have been dying to buy bitcoin for a few months, but have hesitated to do it because of the history of thefts and hacking.
As I understand it, I want to store it locally, not online or on a server. But if I do this, I need to write things down.
I would ultimately like to store it locally -- like a USB drive or something -- or even a sheet of paper in a safe deposit box.
But how the heck does an idiot like me, get from "Hey I want to buy Bitcoin" to "I'm secure in knowing nobody will steal my bitcoin, and I am still able to use it to pay for things securely."?
submitted by nypr13 to Bitcoin [link] [comments]

I am a newbie, can some one give me a step by step Eli5 on how to purchase Bitcoin and put in wallet?

Long shot,
I want to purchase $100 worth of Bitcoin and was wondering if someone can list the steps on how to dot it
submitted by Sgrandd to btc [link] [comments]

ELI5- Why is Electrum the wallet/software of choice with knowledgeable Bitcoiners?

submitted by chistiman to Bitcoin [link] [comments]

Hardware wallet ELI5 /r/Bitcoin

Hardware wallet ELI5 /Bitcoin submitted by cryptoanalyticabot to cryptoall [link] [comments]

Hardware wallet ELI5 /r/Bitcoin

Hardware wallet ELI5 /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

I'm super confused as to what paper wallets are, as well as how to put your bitcoins onto a hard drive, etc... ELI5 please.

Literally, be as simple as possible about the terminology. If I purchase 1 bitcoin on GDAX and want to safely secure that bitcoin. How do I go about doing it?? Does it turn into a QR code that I use with my phone one day if I want to sell it? Where do I go to get a wallet that I can keep offline? What software is needed? What does the software do? Is it like a save file for a game, that it just remembers? Should I print the bitcoin somehow and keep it with the hard drive or on a thumb drive? I'm so incredibly confused by this all. All I understand is that I can buy and sell and keep the coins on a "cloud" per say, and treat it like I would my waterhouse accounts and sell and buy again.
submitted by ungratefulanimal to BitcoinBeginners [link] [comments]

[ELI5] - How do I send Bitcoins from a Segwit Wallet to any Ligntning Network wallet (Rawtx)? /r/Bitcoin

[ELI5] - How do I send Bitcoins from a Segwit Wallet to any Ligntning Network wallet (Rawtx)? /Bitcoin submitted by SimilarAdvantage to BitcoinAll [link] [comments]

ELI5: How does a Bitcoin wallet work and what are the pros/cons of each?

I've tried looking at the information section as long as the pinned post. I just can't seem to understand how wallets work and which one I should go with.
submitted by Jasonwj322a to Bitcoin [link] [comments]

ELI5: if I want to use bitcoin as a payment for a product worth a few dollars are the fees too high to make this a viable option? Are there fees to send from my wallet to another address?

submitted by Helnick to btc [link] [comments]

Was bitcoin core code changed to fully support segwit? What does it mean? Will wallets now by default support segwit? please eli5. /r/Bitcoin

Was bitcoin core code changed to fully support segwit? What does it mean? Will wallets now by default support segwit? please eli5. /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

[ELI5] Why Bitcoin Core Wallet doesn't use 12/24 words seeds as a back up method? /r/Bitcoin

[ELI5] Why Bitcoin Core Wallet doesn't use 12/24 words seeds as a back up method? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Was bitcoin core code changed to fully support segwit? What does it mean? Will wallets now by default support segwit? please eli5.

submitted by miliseconds to Bitcoin [link] [comments]

What is Bitcoin? (v1) - YouTube bitcoin.vn - Lightning Network ELI5  Lightning Network là gì? (German/deutsch) HelloIOTA Roundup 037: Einführung in Coordicide (auch für IOTA Anfänger, ELI5) What is Bitcoin? Explained In 5 Minutes (2016 HD) - YouTube CYA, CYOA, DYOR, ELI5, IMO & YABC Explained  Crypto Jargon ep12

Image caption A Bitcoin wallet app on a smartphone Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain. This makes it possible to trace the history of ... Luno Bitcoin Wallet; Luno Ethereum Wallet; Luno Bitcoin Cash Wallet; Luno XRP Wallet; Luno Litecoin Wallet; Luno Exchange; Luno Business; Luno API; About. Company; Careers; Press; Press Kit ; ELI5 (Explain like I’m 5) Team Luno. Back to blog 13 Jun 2019 • 3 minute read The crypto world is complicated when it shouldn’t be. When you’re watching something on YouTube, you skip the ads ... The white paper was released anonymously, and “Satoshi” currently has 1,000,000 Bitcoin in his wallet, according to Bitcoin’s blockchain ledger. Scroll to the bottom of this page to see the first-ever 50 Bitcoin minted into existence! Blockchain Applications to the Real World. Now it’s time to get practical. This wouldn’t be an ELI5 ... No. BTC Address Transactions Amount received Amount spent External reference; 1: 1PzYwVuTotg15ridCGNnAo8u3dr6bE2Yxy: 67782: 0.52392000 BTC: 0.52392000 BTC: Check When explaining a Bitcoin transaction to beginners they always seem to struggle with the concept of change output or change address.. They think when a transaction is sent from a wallet address that holds a certain amount of bitcoin, let's say 10, the transacted amount is simply extracted from the overall balance.. Furthermore, they think this repeats with each consecutive transaction until ...

[index] [50253] [15759] [13571] [9477] [6384] [40814] [2497] [6935] [2421] [38964]

What is Bitcoin? (v1) - YouTube

The best in Bitcoin news! Stay informed by watching our official channel! Interested in learning how to trade cryptocurrency with the pros? Click this discou... what is bitcoin what is bitcoin mining what is bitcoin worth what is bitcoin backed by what is bitcoin payment what is bitcoin address what is bitcoin wallet... Giao dịch bitcoin thông qua Lightning Network đầu tiên đã được thực hiện ngày 20 tháng 1 vừa qua để mua 1 cái router VPN. Đây là một cột mốc quan trọng trong... Learn about Bitcoin with the most watched Bitcoin video. More information: Start Guide - https://www.weusecoins.com Mining Guide - https://www.bitcoinmining.... Crypto Jargon Episode 12 (Subtitles enabled) Crypto Jargon is a series of 30 videos where I break down the complex Crypto terminology and all the most commonly used acronyms and trading slang ...

#