‹ CHAPTER 6, ALL LESSONS

EXPLORER · CHAPTER 6 · LESSON 2 OF 5

Your first transaction

Receiving

What happens when someone pays you? 4 min

To receive bitcoin, open your wallet and tap Receive. It shows an address and the same address as a QR code.

  • Share the address, or let the sender scan the QR code.
  • Use a new address each time; your wallet does this for you.
  • On a hardware wallet, check that the address on your computer matches the one on the device.

What you see next

A few seconds after the sender pays, your wallet shows an incoming transaction marked as unconfirmed or pending. The payment has reached the network but is not yet in a block.

Once a miner includes it in a block, it gets its first confirmation. From then on, it is part of the shared ledger.

Mind the network

Make sure the sender sends actual bitcoin on the Bitcoin network. Some exchanges offer other networks or wrapped versions of bitcoin; sending those to a Bitcoin address can mean losing them.

▶ SEE IT IN THE MACHINE

Pending payments wait in the MEMPOOL, a glass tank where each token is a real transaction.

What to remember

  • Receive = share an address or QR code.
  • Pending means not yet in a block.
  • Make sure the sender uses the Bitcoin network.

Quick check

Your wallet shows an incoming payment as pending. What does that mean?

Is it risky to show your receiving address to others?