create account

Bitcoin Wallets - Create, Backup and Synchronize by fervi

View this thread on: hive.blogpeakd.comecency.com
· @fervi ·
$9.61
Bitcoin Wallets - Create, Backup and Synchronize
Recently I noticed that many people have trouble understanding the idea of ​​a wallet for Bitcoin.

I hope this guide will clear up your questions and let you understand about Bitcoin wallets.

Bitcoin – Currency like a Dollar, Euro, PLN etc.
Wallet – A “bank account” where we hold money. But no one can steal from him. Of course Bitcoin does not have banks, and anyone can have their account.

So generally no matter if we use Mycelium or Electrum wallet or something else - we have the same money everywhere.

Personally, I will be showing wallet from Mycelium (Android) and Electrum (Linux / other operating systems)

<h2>1) Mycelium (Android)</h2>

We will generate the wallet on Mycelium, because it will be easily imported to Electrum.

First, the program asks if you want to create a new wallet (Create New) or restore it (Restore Backup).

![mycelium01.png](https://steemitimages.com/DQmfJjfknpzE6NV2zeX6J6fXoTswbWUY2gJXD8oFfzPEbgE/mycelium01.png)

Mycelium generated a wallet, but we need to create a backup (because in case of damage to the phone money on wallet will be lost).

![mycelium02.png](https://steemitimages.com/DQmZ1TXEo5a4VAVH75KXyhErbSLdSFfGgBKkf54mS13vsUQ/mycelium02.png)

To create a backup we go to Accounts and select our account (in this case Account 1).

![mycelium03.png](https://steemitimages.com/DQmf9GVyVJUAbVkhUdzaXE9oj5a6R7HscY9Lxd23NYkzKVM/mycelium03.png)

There are options showed for this account. Press the **Create Backup** button.

![mycelium04.png](https://steemitimages.com/DQmRwJxwgRqq3JhQCmMuhdhqAVZFiDZbdpK7oN4c7tXUmJu/mycelium04.png)

Our wallet tells us that we should back up the wallet and if we want to do it now. We choose **Yes**.

![mycelium05.png](https://steemitimages.com/DQmfVAttyK1kU7XZDZQG662EFhffALvysZXh1WP5MJqJhJD/mycelium05.png)

**Mycelium warns that losing these words to others can result in theft of your entire Bitcoin account and loss of money.**

Mycelium recommends saving 12 words that appear on the paper. 

The red button allows you to "scroll" the words.

![mycelium06.png](https://steemitimages.com/DQmVRZ9UZaoDHyBMvCzNJtfHRKVh6CysLR9esFiRw9TPVaX/mycelium06.png)

![mycelium07.png](https://steemitimages.com/DQmP9466vkSzfBXCCeJxpkFwx8QjL5tcifZ9zy6hCpuw87d/mycelium07.png)

When you write all the words on the paper verification will appear.

![mycelium08.png](https://steemitimages.com/DQmRTbf1iHHJfyPhLA4qPBSaE9jgqQU8613YAczqjBXqdoJ/mycelium08.png)

If we correctly rewritten everything, the wallet is safe. Mycelium will ask if we want to generate a PIN code, so that if someone steals someone's phone - they will not steal the money. It is best to use this protection, but it is not necessary. If you do NOT want a PIN, press **OK**.

![mycelium09.png](https://steemitimages.com/DQmUQY4qqWaKeV1SadRuqhM2mVejg6yHCtBxGoCQkeUNZqB/mycelium09.png)

The wallet is safe and in case of problems - to recover.

<h2>2) Electrum</h2>

Electrum, which I have already mentioned, is a Bitcoin wallet for computers.

The first activation of the program will display a message as we want to connect to the server.
We choose "Automatic connection"

![electrum01.png](https://steemitimages.com/DQmUMTFocwXEJPRdWj7aVJvh1hBD3rBzBR8id6GDxmxTvgj/electrum01.png)

Then the wallet asks what type of wallet we want to use. Mark **Standard wallet**.

![electrum02.png](https://steemitimages.com/DQmefh5Ja1jbFTC22mkR9eJTwyYRtQN1LJi6MZkzJ3zBWGd/electrum02.png)

Then the wallet asks if we want to create a new wallet or import an existing wallet. We choose the second option (I already have a seed).

![electrum03.png](https://steemitimages.com/DQmfJ1iGANCy39bMhNTAGLpj5ihmWCYdY9yss7RUfYFkEJ2/electrum03.png)

Then the program will ask for 12 words generated by Mycelium. **DO NOT GIVE THE WORDS TO OTHER PEOPLE.** (I am providing for example, but the wallet is empty).

![electrum04.png](https://steemitimages.com/DQme5FN5GrAWW6WzmaLLx57B32osQoGJymRyAEw1h5KDDZa/electrum04.png)

After pasting words, "Next" is not available. Then in "Options", enable "BIP39 seed" option.

![electrum05.png](https://steemitimages.com/DQmbtVpqNfuwEMNu4ao5cN999FkVHyQB8D564opWc6iBHDp/electrum05.png)

Now the "Next" option is available, we press it.

Electrum asks for Account Number, leaving "0" and pressing Next.

![electrum06.png](https://steemitimages.com/DQmQA3i2jhDSW1P1FGCcn3fp6fCxHvWAFpgCR4aujCNNm8L/electrum06.png)

The wallet proposes password. It is optional and works like a PIN in Mycelium - it allows you to block against thieves.

![electrum07.png](https://steemitimages.com/DQmQUaCMPnnw58Hner9KqudVfocTNproTBjWKfj4qi8bcYB/electrum07.png)

Wallet imported. To confirm this, simply compare the addresses in the "Receive" tab. If they are the same then obviously everything is imported correctly.

![electrum08.png](https://steemitimages.com/DQmZP79xiWCvEjNmzN1WmrD8JSgQLfvsMQmBwB7NZCHDi72/electrum08.png)

Wait for a new article about sending and receiving Bitcoins!
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
properties (23)
authorfervi
permlinkbitcoin-wallets-create-backup-and-synchronize
categorybitcoin
json_metadata{"tags":["bitcoin","cryptocurrency","tutorial","wallet","cryptocurrencies"],"image":["https://steemitimages.com/DQmfJjfknpzE6NV2zeX6J6fXoTswbWUY2gJXD8oFfzPEbgE/mycelium01.png","https://steemitimages.com/DQmZ1TXEo5a4VAVH75KXyhErbSLdSFfGgBKkf54mS13vsUQ/mycelium02.png","https://steemitimages.com/DQmf9GVyVJUAbVkhUdzaXE9oj5a6R7HscY9Lxd23NYkzKVM/mycelium03.png","https://steemitimages.com/DQmRwJxwgRqq3JhQCmMuhdhqAVZFiDZbdpK7oN4c7tXUmJu/mycelium04.png","https://steemitimages.com/DQmfVAttyK1kU7XZDZQG662EFhffALvysZXh1WP5MJqJhJD/mycelium05.png","https://steemitimages.com/DQmVRZ9UZaoDHyBMvCzNJtfHRKVh6CysLR9esFiRw9TPVaX/mycelium06.png","https://steemitimages.com/DQmP9466vkSzfBXCCeJxpkFwx8QjL5tcifZ9zy6hCpuw87d/mycelium07.png","https://steemitimages.com/DQmRTbf1iHHJfyPhLA4qPBSaE9jgqQU8613YAczqjBXqdoJ/mycelium08.png","https://steemitimages.com/DQmUQY4qqWaKeV1SadRuqhM2mVejg6yHCtBxGoCQkeUNZqB/mycelium09.png","https://steemitimages.com/DQmUMTFocwXEJPRdWj7aVJvh1hBD3rBzBR8id6GDxmxTvgj/electrum01.png","https://steemitimages.com/DQmefh5Ja1jbFTC22mkR9eJTwyYRtQN1LJi6MZkzJ3zBWGd/electrum02.png","https://steemitimages.com/DQmfJ1iGANCy39bMhNTAGLpj5ihmWCYdY9yss7RUfYFkEJ2/electrum03.png","https://steemitimages.com/DQme5FN5GrAWW6WzmaLLx57B32osQoGJymRyAEw1h5KDDZa/electrum04.png","https://steemitimages.com/DQmbtVpqNfuwEMNu4ao5cN999FkVHyQB8D564opWc6iBHDp/electrum05.png","https://steemitimages.com/DQmQA3i2jhDSW1P1FGCcn3fp6fCxHvWAFpgCR4aujCNNm8L/electrum06.png","https://steemitimages.com/DQmQUaCMPnnw58Hner9KqudVfocTNproTBjWKfj4qi8bcYB/electrum07.png","https://steemitimages.com/DQmZP79xiWCvEjNmzN1WmrD8JSgQLfvsMQmBwB7NZCHDi72/electrum08.png"],"app":"steemit/0.1","format":"markdown"}
created2017-06-08 08:58:15
last_update2017-06-08 08:58:15
depth0
children9
last_payout2017-06-15 08:58:15
cashout_time1969-12-31 23:59:59
total_payout_value7.252 HBD
curator_payout_value2.355 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length4,917
author_reputation-1,650,858,928,265
root_title"Bitcoin Wallets - Create, Backup and Synchronize"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id4,391,944
net_rshares1,927,298,235,711
author_curate_reward""
vote details (33)
@cybercranium ·
This might just confuse beginners even more. "Wallet" is really a bad metaphor. A Bitcoin "wallet" is not a wallet at all. It's more like a key chain that contains the keys to access all of your Bitcoin addresses. "Address" is also confusing. A Bitcoin address is really more like an account identifier. You need a private key to access each of your "accounts," which are stored on a public ledger called the "blockchain."
👍  
properties (23)
authorcybercranium
permlinkre-fervi-bitcoin-wallets-create-backup-and-synchronize-20170608t105540314z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-06-08 10:55:42
last_update2017-06-08 10:55:42
depth1
children3
last_payout2017-06-15 10:55:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length422
author_reputation203,489,293,965
root_title"Bitcoin Wallets - Create, Backup and Synchronize"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id4,396,332
net_rshares439,774,548
author_curate_reward""
vote details (1)
@fervi ·
Thanks for reply

Usually these programs are said to be "wallets", even MyCelium or Electrum call their programs by this word.

In addition, I think that especially for beginners we should use terms that they will understand. I think the wallet is the right term.

https://wallet.mycelium.com/
👍  
properties (23)
authorfervi
permlinkre-cybercranium-re-fervi-bitcoin-wallets-create-backup-and-synchronize-20170608t113922595z
categorybitcoin
json_metadata{"tags":["bitcoin"],"links":["https://wallet.mycelium.com/"],"app":"steemit/0.1"}
created2017-06-08 11:40:48
last_update2017-06-08 11:40:48
depth2
children2
last_payout2017-06-15 11:40:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length293
author_reputation-1,650,858,928,265
root_title"Bitcoin Wallets - Create, Backup and Synchronize"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id4,398,060
net_rshares439,774,548
author_curate_reward""
vote details (1)
@cybercranium ·
The term is misleading. People may think that they have bitcoins on their computers when the bitcoins are actually stored in a public ledger.
👍  
properties (23)
authorcybercranium
permlinkre-fervi-re-cybercranium-re-fervi-bitcoin-wallets-create-backup-and-synchronize-20170608t174329494z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-06-08 17:43:33
last_update2017-06-08 17:43:33
depth3
children1
last_payout2017-06-15 17:43:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length141
author_reputation203,489,293,965
root_title"Bitcoin Wallets - Create, Backup and Synchronize"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id4,417,205
net_rshares2,021,165,053
author_curate_reward""
vote details (1)
@rooby ·
Why Mycelium is the best option to use? There are other and cheaper ones as well...
properties (22)
authorrooby
permlinkre-fervi-bitcoin-wallets-create-backup-and-synchronize-20170608t172609385z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-06-08 17:26:09
last_update2017-06-08 17:26:09
depth1
children4
last_payout2017-06-15 17:26:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length83
author_reputation962,075,808,206
root_title"Bitcoin Wallets - Create, Backup and Synchronize"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id4,416,297
net_rshares0
@fervi ·
Mycelium seems to me to be a simple wallet and very well constructed.

Of course everyone has his favorite :)
👍  
properties (23)
authorfervi
permlinkre-rooby-re-fervi-bitcoin-wallets-create-backup-and-synchronize-20170608t183231454z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-06-08 18:33:57
last_update2017-06-08 18:33:57
depth2
children0
last_payout2017-06-15 18:33:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length109
author_reputation-1,650,858,928,265
root_title"Bitcoin Wallets - Create, Backup and Synchronize"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id4,420,038
net_rshares756,429,114
author_curate_reward""
vote details (1)
@tomosan ·
$0.62
So which wallet is better?
👍  ,
properties (23)
authortomosan
permlinkre-rooby-re-fervi-bitcoin-wallets-create-backup-and-synchronize-20170609t101618086z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-06-09 10:16:18
last_update2017-06-09 10:16:18
depth2
children2
last_payout2017-06-16 10:16:18
cashout_time1969-12-31 23:59:59
total_payout_value0.464 HBD
curator_payout_value0.153 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length26
author_reputation3,579,550,197,990
root_title"Bitcoin Wallets - Create, Backup and Synchronize"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id4,461,108
net_rshares186,754,400,122
author_curate_reward""
vote details (2)
@fervi ·
Better - your tested. I like Mycelium because it's simple, so I use it.

But I'm not an Electrum fan. Why did I describe it? I noticed that some people looking for the same wallet for Android and Windows. I asked - why? "Do not pay transfers by sending money between them." Of course, there are people who do not know that you can have the same account on many wallets.

Just choose the best :D
properties (22)
authorfervi
permlinkre-tomosan-re-rooby-re-fervi-bitcoin-wallets-create-backup-and-synchronize-20170610t082255457z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-06-10 08:24:24
last_update2017-06-10 08:24:24
depth3
children1
last_payout2017-06-17 08:24:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length394
author_reputation-1,650,858,928,265
root_title"Bitcoin Wallets - Create, Backup and Synchronize"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id4,519,818
net_rshares0