Bitpay Electrum



Atlanta-based BitPay was founded as a cryptocurrency payment service in 2011. At a time when many businesses were competing to be the first in their industries to implement Bitcoin—which often led to sales rushes—BitPay’s payment gateway made it easy for the service to accept Bitcoin. Copay wallet is now Bitpay Wallet. Contribute to bitpay/copay development by creating an account on GitHub.

You can find your Bitcoin Cash (BCH) or Bitcoin Core (BTC) address for receiving payments into your Bitcoin.com wallet by tapping 'Receive' on the bottom tool bar of your wallet. Your address will be the long string of numbers and letters directly below the QR code for that address.

If the person/company is sending you BCH then select one of your Bitcoin Cash (BCH) wallets. If they are to send you BTC, please make sure they you provide them with an address from your Bitcoin Core (BTC) wallet.

You can switch between your BTC and BCH wallets at the bottom of the page by tapping/clicking on the wallet name and selecting the one you wish to receive bitcoins to.

All Bitcoin Core (BTC) addresses will start with the number '1' or '3'.
What can make things a little confusing sometimes, is that Bitcoin Cash (BCH) addresses can also start with either a '1' or '3' if being displayed in the old 'legacy' format. (This is because BCH is a fork off the BTC chain)

To help cut down on confusion a new BCH address format was introduced called the 'cash address' format (or cashaddr for short).
All BCH addresses using the new 'cash address' format, will start with either the letter 'q' or 'p'
(If providing an address to receive Bitcoin Cash (BCH), we highly recommend that you provide a BCH in the 'cash address' format. This is so that nobody will accidentally send BTC to your BCH address)

Sometimes you may see a BCH address starting with 'C', this is the 'BitPay' BCH address format.

If you want to swap between the different BCH address formats, you can do so on the 'Receive' screen by tapping/clicking on the 'Address Type' option.

Please note that this address will change every time you receive a payment, however all previously used addresses that have been generated by your Bitcoin.com wallet can continue to receive payments.

You must be careful not to send BCH to a BTC address or vice-versa, as recovery with all wallets is not possible.
If you are purchasing bitcoins for a specific reason, please confirm if you require BCH or BTC before proceeding with your purchase.

Since both Bitcoin Cash (BCH) and Bitcoin Core (BTC) are irreversible payment systems, there is no way to reverse a sent transaction, or for you to recover bitcoins from your end.

If someone is asking you to provide them with a 'Testnet' address, then only provide it if you are to get the BTC for free. Testnet coins have no real world value, and are mainly only used by developers.

Bitpay Electrum

If you are still only new to the world of bitcoin and want to know more about how the payment system works, then i highly suggest that you sign up for our free email course called 'Bitcoin Basics'. It will teach you all the basics you should know about bitcoin before starting.

Please also be sure to read our Getting Started section to learn more about Bitcoin and how it works.

Bitpay electrum wallet

The Send tab is how you send money using Electrum. The screenshot below shows the Send tab:

Bitpay electrum 3

Let’s look at what the various fields are for:

Pay To: In order to pay someone with bitcoin you need their address. The address looks like a random string of characters beginning with 1, 3 or bc1. For example:

Bitpay

Ask the recipient for their bitcoin address, copy it to the clipboard and paste it into the Pay To field on the send tab.

Addresses are supposed to be single use only so please don’t assume the recipient controls old addresses. Get a fresh address from them for every transaction unless they tell you otherwise.

Bitpay Electrum Pro

In some cases when paying merchants on the web you don’t use an address. Instead you click on a link and set that link to open with Electrum. Such links begin with “bitcoin:”. In such cases the Pay To field is automatically populated with the merchant’s name and the amount field is populated with the amount you need to pay the merchant.

The Pay To field is a required field.

Description: You can enter a description here for your own reference. It’ll be displayed on the history tab entry for this transaction. The description is stored in your wallet file only and is not shared with anyone. It is optional.

Amount: The exact amount the recipient should get. This is required too.

Then you click pay and electrum displays this window:

Bitcoin transactions require a fee that is paid to miners. The fee slider lets you set a fee based on fee market conditions. You can move the fee slider to the left to reduce the fee and to the right to increase the fee. The higher the fee you pay the quicker your transaction will confirm. If you pause your mouse cursor over the fee slider it’ll give you some useful information about the fee rate.

The fee is deducted from the wallet balance so the total amount that is spent is the value you put in the amount field plus the fee. More information about fees is given here.

After you’ve filled out the details please double check them to make sure they are right. Bitcoin transactions are irreversible so if you make a mistake you can’t get your bitcoins back.

Bitpay Electrum Card

Once you are sure everything is correct enter your password and click on the Send button to send the bitcoin. Once it has sent the bitcoins Electrum will display the transaction ID of the payment. You can also find the transaction ID on the history tab by right clicking on the relevant transaction and selecting details.