Making a payment
If you are reading this, you probably want to know how to make a payment. We currently only support making payments in the following ways:
Payment to a Bitcoin address.
Payment to a BIP276 address.
Payment to a Bitcoin script.
This guide solely covers payment to an address. It is not recommended you pay to a Bitcoin script unless you are an expert.
Paying to yourself
At this point you should have a wallet with a standard account. You should also have an address from another party, that you can make a payment to. However for the purpose of this guide, you can make a payment to yourself, if you have no-one else to currently pay.
Start off on the receiving tab.
As you will be paying to yourself, copy the shown address. The best way to do this is to click on the copy button, which will copy it to the clipboard. You will use this address as you would the address for any other party.
Paying to an address
Ensure your wallet window is now showing the send tab. Select the “Pay to” field and paste in the address you wish to make a payment to.
After pasting in the address, enter a nominal amount of Bitcoin SV to send, where your wallet has sufficient funds to do so.
If you are paying to addresses a good practice is to make what is called a
first, where you pay a small amount you can afford to lose, before paying the larger full
Click the “Send” button to start the payment process.
Ensure that both the amount you are sending and the mining fee are the appropriate amounts, then enter your password and click “OK”. The “OK” button only becomes enabled when you have entered your password correctly. The transaction will broadcast, and you should receive a confirmation that the payment was made.
The confusing sequence of letters and numbers is actually the ID of the transaction that contained your payment. This can be used to look up your payment, if you were to take it and paste it into a web site that indexes the Bitcoin SV blockchain.
The record of payment
At it’s current state of development, the wallet does not have much context about payments made. But you can see the transactions this account is involved in, in the history tab.
If you had provided a description when making the payment, it would appear here in much the same way as the existing transactions with their “ElectrumSV coin splitting: Your split coins” descriptions.