Easy bitcoin wallet
A single-page Android application which allows you easy bitcoin wallet store bitcoins securely and transfer them easily. An HD wallet which means your balance and full transaction history can always be restored using a single mnemonic code should anything bad happen to your device.
Is intended for mobile devices, hence it does not store a full Blockchain but instead acquires all the relevant data from remote full Bitcoin nodes using an SPV technique. All Bitcoin addresses and private keys in Simple Bitcoin Wallet come from a single mnemonic code which is essentially a secret phrase comprising of 12 random words.
Also, only mnemonic code can get your bitcoins back in case if you lose your device or forget your wallet password or simply uninstall an app by accident, it's that important! Ideally one of the following actions should be taken once a new wallet is created:.
Here's a simple heuristic: There are a lot of easy bitcoin wallet reasons for this and the rule applies to all wallets, not just to Simple Bitcoin Wallet.
Just wait for at least one easy bitcoin wallet and you'll be fine. Every transaction you send must have some easy bitcoin wallet attached to it. Fee goes not to wallet developer but to Bitcoin miners who include transactions in blocks and thus give them confirmations. The higher fee you choose easy bitcoin wallet faster transaction will be confirmed.
Due to privacy considerations wallet has not one but many addresses. In fact, wallet's default address gets changed on every easy bitcoin wallet incoming transaction. Never worry about it as all the old wallet addresses stay valid forever and you can use any of them to receive funds.
It's important to understand that Simple Bitcoin Easy bitcoin wallet is not a centralized service so you can't regain access to your funds by just providing an email or easy bitcoin wallet like that. Here you'll need to restore a wallet using your mnemonic code and this is how to do it step by step:.
Erase all current wallet data if you know how to do that such an option is typically available in System Settingsotherwise just reinstall an application from scratch.
Open fresh application and you'll be given an option to restore your wallet instead of creating a new one, choose it and enter your mnemonic code as well as new wallet password. In case if you happen to run a full Bitcoin node which accepts easy bitcoin wallet connections you can explicitly instruct Simple Easy bitcoin wallet Wallet to use it by providing your full node's IP address and port. Doing so easy bitcoin wallet increase wallet's security and reliability.
Mnemonic code All Bitcoin addresses and private keys in Simple Bitcoin Wallet come from a single mnemonic code which is essentially a secret phrase comprising of 12 random words. Ideally one of the following actions should be taken once a new wallet is created: Either write your mnemonic code on a piece of paper and store it in a really secure place.
Or encrypt your mnemonic code using wallet password as a key and store easy bitcoin wallet wherever you like. Unconfirmed transactions Here's a simple heuristic: Transaction fees Every transaction you send must have some fee attached to it.
Wallet addresses Due to privacy considerations wallet has not one but many addresses. Restoring balance when you Here you'll need to restore a wallet using your mnemonic code and this is how to do it step by step: Adding a trusted Bitcoin node In case if you happen to run a full Bitcoin node which accepts incoming connections you can explicitly instruct Simple Bitcoin Wallet to use it by providing your full node's IP address and port.