Sending Bitcoin via Electrum Wallet
This version will be describing usage of the Standalone Executable.
Step 1. Installation
Visit the https://electrum.org/#download website and download the latest version
Enter your wallet name into the window that pops up
Сhoose your wallet type
- You’ll be offered the option to restore a wallet if you had one, or to create a new one
5) A mnemonic phrase will be created for you, which you will need to write down (not copy!) in the exact order given and save in a secure location.
6) Create a password as a method of authentication. You can also encrypt your wallet (optional).
Now your wallet is generated and ready for use!
Step 2. Sending funds
In order to send funds you must do the following:
pick the ‘Send’ tab
Enter the address into the ‘Pay to’ field
Enter the sum into the ‘Amount’ field and set the ‘Fee’ slider
IMPORTANT:** **Make sure you filled in the correct amount and address. It’s individual and is provided by ICO representatives. In order for the transaction to complete, you need to use a separate address for sending BTC.
Sending cryptocurrency to a wrong address will lead to a loss of funds!
- Press ‘Send’. Transaction is then complete.
Step 3. Checking your transaction
You can check your transactions in the ‘History’ tab
You can enter the transaction ID into the search bar on https://blockexplorer.com/ and get information about the transaction