beginner - Bitguide

Bitguide

Subscribe

beginner

A collection of 5 posts

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

beginner Featured

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,

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