Receive a first payment
Terms used in this lesson
- QR code
- Quick Response code: a square barcode often used to move a PSBT or address across an offline boundary.
Create and verify a fresh receiving instruction, distinguish an address from a private key, and monitor the payment from unconfirmed relay to chosen confirmation depth.
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Learn the idea
Receiving bitcoin begins with a payment instruction created by the receiver's wallet. It commonly contains an address, network, and optional amount. An address helps the sender construct a new output. It is safe to share, unlike the private key or recovery words, but using a fresh address for each payment improves privacy.
Choose the correct network
Mainnet, test networks, and other chains use different address encodings and assets. Sender and receiver must agree on the intended Bitcoin network before value moves.
Inspect every idea above to open it.
A notification may describe only an unconfirmed transaction or even data supplied by an untrusted service. The receiver should verify the transaction and its confirmation state.
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