Business 29 October 2018

Charles Miller

My third step in BCH: Moving crypto to a wallet

The story so far: I’ve set up a wallet with Bitcoin.com. And then I used the Coinbase exchange to convert some pounds into cryptocurrency, in the form of Bitcoin BCH.

For my next trick, I’m going to attempt to move the crypto from the exchange into my Bitcoin.com wallet, so that I’m ready to spend it.

I’m starting where I left off last time, in the Coinbase account on my laptop. Clicking on Accounts at the top of the page takes me to a screen with a list of currencies. The only one with any money in is BCH—the £20 I transferred to it last time.

My third step in BCH: moving crypto to a wallet

I’m trying to move the money into my Bitcoin.com wallet, from where I’ll be able to spend it. I click on Send and get to this:

My third step in BCH: moving crypto to a wallet

I need fill in the Recipient box with an address that will tell Coinbase where I want the money sent to, so I go to my phone and open my Bitcoin.com account—which will be the recipient:

My third step in BCH: moving crypto to a wallet

I click Receive and am shown a QR code. Tapping it copies the long code underneath the QR image to my clipboard. This is my Public Key—the crypto equivalent of an email address, a way of telling people where they can send me money.

I paste it into an email, send it to myself and open it on my laptop (just because it’s such a long code, this is a quick way to access it on my laptop (or I could have photographed the QR image with my laptop camera).

Now back on Coinbase (on the screen two up from here), I paste the long code into the Enter a BCH address box, choose to send $10 and press Continue at the bottom. Coinbase sends a verification code to my phone and I enter that on my laptop and Confirm.

It works! Bitcoin.com shows that I have money in my wallet:

My third step in BCH: moving crypto to a wallet

All that remains is to work out how to spend it. That’s for next time.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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