how to transfer bitcoin to electrum wallet

To transfer Bitcoin to an Electrum wallet, install the wallet, obtain a receiving address, initiate a transaction from an external source, confirm the details, and verify the successful transfer within the wallet.

Nov 01, 2024 at 12:31 am

How to Transfer Bitcoin to an Electrum Wallet

Step 1: Install the Electrum Wallet

• Visit the official Electrum website (electrum.org) and download the latest version of the wallet.
• Install the wallet and create a new wallet with a secure passphrase.

Step 2: Get the Receiving Address

• Open the Electrum wallet and click the "Receive" tab.
• Generate a new receiving address by clicking the "New" button.
• Copy the displayed Bitcoin address.

Step 3: Send Bitcoin from an External Source

• Use your preferred method to initiate a Bitcoin transaction (e.g., exchange, hardware wallet).
• Enter the Electrum receiving address as the destination address.
• Specify the amount of Bitcoin you want to transfer.

Step 4: Confirm the Transaction

• Verify the transaction details (amount, receiving address) and submit the transaction.
• Wait for the blockchain to confirm the transaction (approximately 10-60 minutes).

Step 5: Verify the Transfer

• Once the transaction has been confirmed, open the Electrum wallet.
• Go to the "History" tab and check if the transferred Bitcoin has arrived in the wallet.