In my previous article I have touched an aspect of AML when transacting in Bitcoin. We will talk about this more in the next articles but today I wanted to show how send Bitcoin from a specific address of your Electrum wallet. When you press “Receive”, Electrum every time generates a new Bitcoin address. But […]
In this article I will explain how to open a Lightning channel in Electrum Bitcoin wallet, how to make payments with Lightning and how to instantly swap Bitcoin off-chain and on-chain using Submarine Swaps. I will also briefly touch the aspect of AML risks involved. Table of contents What is Bitcoin Lightning Lightning is a […]
With the upcoming Bitcoin halving it’s becoming essential to make sure you do not have all your balance in dozens of UTXOs. UTXO stands for Unspent transaction (TX) Output. Every time you generate new wallet to receive a Bitcoin payment, you will receive it as an UTXO which you can obviously spend in your turn. […]
In this article we are going to describe what “unconfirmed parent” transaction status means in Electrum Bitcoin wallet. And how we can push this transaction (if we can at all). Sometimes you can receive a Bitcoin transaction and it will be shown like the one below. What does it mean and how to can make […]
I think you have heard this wording – “Not your keys, not your coins”. But what does this mean? For a Bitcoin nerd it’s self-speaking but a person who buys Bitcoin on the exchange and keeps it there may have no clue. In fact Bitcoin empowers us to be our own bank – to have […]
With Bitcoin giving us an opportunity to “be your own bank”, this also imposes a responsibility to protect your funds. There are different ways to do it and today we will learn how to backup and restore Bitcoin wallet with Electrum. Warning! Wallet’s backup should be stored in a safe place and ideally additionally encrypted. […]
Fees on the Bitcoin network has been sky-rocketed recently and this spurred interest in how to optimize fees on Bitcoin. In this article I will show how to register a private domain name and pay with Bitcoin Lightning with as low as 2 cent fee. Actually, Lightning payment option has been functional on our website […]
In this article I will describe how to keep your Electrum wallet up-to-date when running it in Ubuntu operating system. When the new update is released you will see the notification, like on the image below. When clicking on the message, a new window will appear showing you the update page address: https://electrum.org/#download. Make sure […]
I have been absent from posting in the recent days and it has been due to some updates undergoing at yohost. We are launching new products and are aiming to get more partners to work with us. In the following days you can expect: Other stuff going on As I have said many times, we […]