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What is Replace-by-fee (RBF)?

Replace-by-fee (RBF) is a mechanism in the Bitcoin network that allows a transaction to be effectively "replaced" by a new transaction with a higher fee. This is achieved by including a flag in the original transaction that indicates to the network that the transaction is replaceable. The purpose of RBF

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Why you shouldn't keep your cryptocurrencies in an exchange?

Cryptocurrency is becoming increasingly popular and with that comes an important question: where should you store your funds? While exchanges like Binance and Coinbase are convenient for buying and selling, they are not always the best option for holding your assets long-term. Exchanges are a prime target for hackers and

How to create a watch only wallet with Bluewallet

To create a watch-only wallet in BlueWallet, you need to follow these steps: 1. Begin by launching the Bluewallet app. 2. Locate the "+" sign in the upper right corner and tap on it. 3. Select "Import Wallet" from the options. 4. Input the bitcoin address you want to monitor and

What is a wallet private key?

A private key in a wallet is a secret code that is used to access the funds in a cryptocurrency wallet. It is a string of characters that acts like a password but is much longer and more secure. When you create a wallet, you are given a public address,

How to customize your bitcoin transaction fees on Trustwallet

To customize your fees when sending a Bitcoin transaction with Trustwallet, you need to follow these steps: 1. Open the TrustWallet app and then select "Bitcoin" from the list of currencies. 2. Click on the "Send" button. 3. Fill in the recipient's address and the amount you want to send.

What is a watch-only wallet

A watch-only wallet is a type of cryptocurrency wallet that allows the user to monitor the balance and transactions of a particular address, but does not give them access to the private key, which is necessary for spending the funds. The purpose of a watch-only wallet is to provide a

How to cancel your bitcoin transactions with Electrum

In this guide, I'm going to show you how you can cancel your bitcoin transactions with Electrum, but first, we need to understand two things: What does it actually mean to cancel a transaction? You're not actually canceling a transaction when doing this, but rather, replacing your existing transaction with

How to accelerate your bitcoin transaction with Electrum

If you've recently made a transaction through Electrum but it has been stuck for a while, this article is here to help. You'll learn how to efficiently speed up the confirmation process, ensuring that your transaction is validated as soon as possible. * First, we start by right-clicking our unconfirmed transaction

How to use RBF (Replace-by-fee) on Electrum

For those who are not familiar with RBF (Replace-by-fee), it's a feature that allows you to replace an unconfirmed transaction with another one that pays higher fees. If RBF is not enabled by default in your Electrum wallet, you can turn it on by going to the Menu -> Tools

How to export private keys from Bitcoin core

In this tutorial, I'm going to show how you can export your private keys from Bitcoin core so you can later print them, or use them in another wallet. ⚠️You should never share your private keys with anyone. If someone has access to your PKs, they can access and spend

How to export your private keys from Electrum desktop wallet

In this post, I'm going to show you how you can export your private keys from Electrum desktop wallet. If you're interested in doing the same thing with the mobile version, you can check this article. ⚠️You should never share your private keys with someone you don't trust. So to