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Bitcoin Sending Address: A Guide
As a Bitcoin Core user, you are probably familiar with the concept of sending Bitcoin to different addresses. However, you may not know which address is used when sending less than 1 Bitcoin or more than 1 Bitcoin. In this article, we will look at how to determine the address to receive your Bitcoin transactions.
Understanding Bitcoin Addresses
Bitcoin addresses are 34-character long strings that start with a letter (a-z or A-Z) followed by a series of hexadecimal digits. The first character is always “1” (decimal representation 2^10 + 4), and each subsequent character represents one byte of the address.
For example, an address like “1A1Bc1234567d” can be broken down into its components:
1: A letter indicating that the transaction is being sent from
A: A hexadecimal digit representing the sender’s account balance (in this case 2^10 + 4 = 36)
1: The second hexadecimal digit representing the second byte of the sender’s account balance
B: A hexadecimal digit representing the third byte of the sender’s account balance
c: A hexadecimal digit representing the second byte of the sender’s account balance
12: The first six characters represent the block number and the hash of the Merkle tree root (not relevant to this explanation)
7: A second hexadecimal digit representing the second byte of the sender’s account balance
Delivery address identification
When sending bitcoins, you can specify the receiving address using the following methods:
- Check your Bitcoin Core wallet: In your Bitcoin Core wallet, go to
Wallet Settings >
Addresses. Find the transaction that shows the receiving address.
- Use the
bitcoin-qtcommand line tool: runbitcoin-qt --addressin a terminal or command line. This will show your entire transaction history, including the sending and receiving addresses.
In this example:
- If you send 1 bitcoin to address A:
1A1Bc1234567d, then the receiving address is A.
- To send more than 1 bitcoin to address B:
2A1Bc1234567d, the receiving address is B.
Sending and receiving addresses in Bitcoin Core
In Bitcoin Core, when you want to send a transaction using multiple addresses (e.g., sending 3 bitcoins to A and B), you can do so by specifying each address individually. Here is an example:
bitcoin-qt -address 1A1Bc1234567d -from -to A -amount 0.5
This command will send 0.5 bitcoins from your wallet to the specified addresses.
Conclusion
Understanding Bitcoin addresses is crucial for efficient and secure Bitcoin transactions. Using this guide, you will now be able to determine the receiving address for your Bitcoin transactions when sending less than or more than 1 Bitcoin. Remember to always use the bitcoin-qt command line or check your wallet settings to confirm the transaction details.
Additional Resources
For more information about Bitcoin Core and its features, visit the [Bitcoin.org]( which provides a complete guide to the platform.