TokenPocket(English)
  • Introduction
  • 👥Blockchain Basics
    • What Is Blockchain?
    • What Is a Decentralized Wallet?
    • What Is the Private key, Mnemonic and Wallet Password
    • What s the Miner Fee?
    • What is DeFi ?
    • What is DEX ?
    • What is keystore
    • What is a cold wallet
    • What is a hot wallet
    • What is a watch wallet?
    • What is a multi-sig wallet?
    • What is a hardware wallet
    • What is an extension wallet?
    • What is a passphrase
  • 🔐Security Knowledge
    • Security Measure
      • Safe Usage Environment
      • Use the Passphrase feature to create a "Secret Wallet"
      • Safety Operating Guidelines
      • Hide small transaction records
      • TokenPocket Approval Detector Use Guide
      • Notes on using the third-party DApp.
      • Token Security Detection Function Use Guide
      • Keep your Recovery Phrase and Private Key safe!
      • Pay attention to the tokens and links marked as risky!
      • How to verify whether the wallet is genuine
      • How to verify the real TokenPocket on Google Play?
      • How to verify the real TokenPocket(TP Wallet) on App Store?
      • How to Identify the Authenticity of TokenPocket’s Website and APP?
      • MEV Protection Tutorial
      • About Approve
      • How to check/cancel Approve?
      • Loss Prevention
      • Theft Prevention
    • Common Fraud Cases
      • Fake Walmart/Amazon Platform Scams
      • Be aware of “0 USDT” transfer scam.
      • Be aware of "Phishing" address.
      • Prevent a new type of token transfer scam
      • Free Recovery Phrase Scam
      • Fake Airdrop/Giveaway Scam
      • Fake QR Code Scam
      • Phishing App Scam
      • Phishing Website Scam
      • Fake Token Scam
      • Fake Customer Service Scam
      • DApp Approval Scam
      • Quick identification of scammers' scams
  • 📨Wallet FAQ
    • BTC Wallet
      • BTC Multi-Sig Wallet Creation Tutorial
      • How to obtain a wallet public key?
      • What is a public key
      • Runes Use Guide
      • What is the Runes protocol?
      • How to obtain a wallet public key
      • What is Bitcoin ETF?
      • Quick Overview: Bitcoin Ecosystem Protocols
      • How to use BTC Acceleration
      • View and send Ordinals Inscriptions.
      • What is a Partially Signed Bitcoin Transaction (PSBT)
      • Why is the fee so high for bitcoin transfer?
      • Why does my usdt prompt an address error when I want to transfer to a bitcoin address?
      • Can usdt transfer to my bitcoin address?
      • How many bitcoin addresses can you create in the TokenPocket wallet?
      • Can I create multiple BTC addresses?
      • My bitcoin has been transferred out but the receiver said did not receive, what should I do?
      • Can the TP wallet automatically collect bitcoins?
      • How to choose the best miner's fee for bitcoin?
      • What are the advantages and disadvantages of the bitcoin lightning network?
      • What is the relationship between USDT on BTC and BTC?
      • What is the bitcoin lightning network?
      • Does a bitcoin address have to start with a number?
      • How many bits is the bitcoin address?
      • What is the smallest unit of bitcoin?
      • Will the miner's fee be deducted if the BTC transfer fails?
      • How to export the BTC private key of TokenPocket wallet?
      • What is BTC segwit?
      • Bitcoin transfer is slow, can it be accelerated?
      • How to import the BTC private key into the wallet?
      • How to set the miner fee of BTC?
      • How to transfer BTC to exchange by wallet?
      • How to delete BTC wallet?
      • What if you lose your password to your bitcoin wallet?
      • How to reset the password of bitcoin wallet?
      • What if the BTC private key is lost?
      • How to backup bitcoin private key?
      • The page you were looking for doesn't exist – TokenPocket Help Center
      • How to create a BTC wallet in TokenPocket?
      • How to change the name of bitcoin (BTC) wallet in TokenPocket wallet?
      • Is there a bitcoin browser in the TokenPocket wallet? How to use it?
      • When my TokenPocket wallet APP was disconnected, someone transferred BTC bitcoin to me. Can I receiv
      • Will I lose my bitcoin stored in my TokenPocket wallet? Will my wallet steal my BTC?
      • What coins are on the BTC network?
      • Can I mine BTC bitcoin with the TokenPocket wallet?
      • Will it give me interest if I deposit BTC in the TokenPocket wallet?
      • Where is the price of BTC in TokenPocket wallet displayed according to?
      • Guía de ususario para BTC — billetera TokenPocket [Traducción]
      • About RBF and CPFP
      • FAQs on Bitcoin Wallet
      • What’s the change address
      • What is OP_RETURN?
      • what is UTXO
      • What’s the path
      • What is an address type?
      • What is Taproot?
      • What's the SegWit
    • ETH Wallet
      • Staking Tutorial
      • What Is EIP-1559?
      • About Ethereum staking
      • About self-custodial staking
      • About Ethereum POS
      • ETH 2.0 Staking Vault Service Agreement
      • Eth2.0 Staking Vault Rules
      • Eth2.0 Staking Nodes List
      • How to retrieve the previous ETH wallet?
      • How to create ETH wallet?
      • TokenPocket Gas Station User Agreement
      • Transaction Pending Forever? Here is How You Make it Successful Faster!
      • FAQs on Ethereum
      • What is Token Transfer Approval, and What Risk Does it Involve?
      • How to Use Watch Mode in TokenPocket to Check the Balance in ETH 2.0 Depositing Contract
      • What is ETH Transaction Accelerator?
      • Manage the unpackaged transactions
      • What is Token Approval and How to Grant Token Approval?
      • What is Permit2
      • What is Permit
    • BSC Wallet
      • How to create BSC wallets in bulk
      • How to enable Gas-Free Stablecoin Transfers on the BNB Chain?
      • Beefy.finance Tutorial (BSC)
      • Equator Tutorial
      • Ellipsis Tutorial (BSC)
      • BakerySwap Tutorial (BSC)
      • How to Use DODO
      • Venus User Guide (BSC)
      • How to use PancakeSwap in TokenPocket Wallet
      • How to exchange Binance's BTCB to the wallet for using
      • Export "key" on Binance smart chain wallet
      • How to withdraw BNB to Binance Smart Chain
      • Binance Smart Chain (BSC) wallet registration
      • Master the authorization management authority of DApp (BSC)
    • TRON Wallet
      • How to Use TRON Network Fee Coupon
      • Using energy, lower costs
      • Using USDT as 'Network Fee', No TRX Required
      • How to Save on TRON Transaction Fees When Transferring USDT?
      • How to Create a Tron MultiSig Wallet
      • How to create a TRON wallet?
      • TokenPocket Energy Rental Service
      • How to create TRON wallets in bulk
      • How to Use TStake 2.0
      • How to acquire TRX tokens
      • Voting Considerations
      • What is Stake 2.0?
      • How to become a Super Representative (SR)?
      • How to claim voting rewards.
      • How to participate in voting.
      • About TRON Account Privilege Escalation
    • TON Wallet
      • Overview of TON Wallet
    • FTM Wallet
      • Use TokenPocket wallet to participate in the operations of FTM mainnet
    • Solana Wallet
      • What is Solana Memo
      • What are Solana transaction fees
      • Associated account of Solana
      • About Solana account permissions
    • Sui Wallet
      • Scallop (sui) User Guide
    • OKX Wallet
      • How to create the OKEx Chain Test wallet
      • The Usage Tutorial of OKExChain Test (OKEx)
      • Upgrade of OKExChain Wallet
      • Use OKEx old chain for upgrading to OKEx mainnet (EVM)
    • EOS Wallet
      • EOS Use Guide
      • Related News
      • What Society Says?
      • What Voice Team Says?
      • Apply for a free Voice Beta account
      • FAQs on Voice
      • What is Voice?
      • Register with the email/phone number.
    • Aptos Wallet
      • What is a permission change
    • Polkadot Wallet
      • What are Transaction Tips?
    • Multichain-wallet
      • What is a HD Wallet?
      • How to reset your password
      • what is Asset Collection?
      • Guide of Cold wallet
      • About sub-wallets
      • What's the Mnemonic Phrase
      • What‘s the private key
    • Multisig Wallet
      • What is a multi-sig wallet?
      • What is Owners?
      • What is Multisig nonce?
      • How to create a MultiSig Wallet?
      • How to import a MultiSig Wallet?
      • MultiSig Transfer Use Guide
    • AA Wallet
      • What is AA Wallet
      • AA Wallet Create and Import
      • How to use AA Wallet
      • Account Abstraction
  • 🔩wallet operation
    • TP Card
      • TP Card FAQs
      • TP Card Create/Import
      • TP Card(Fiat24) Register
      • TP Card Deposit Tutorial
      • TP Card Transfer Tutorial
      • TP Card Profile
      • TP Card Limit Manage
      • TP Card Info
      • TP Card Binding with Apple Pay
      • TP Card Binding with Google Pay
      • TP Card Binding with WeChat pay
      • TP Card Binding with Alipay
    • About NFT
      • NFT skin design competition tutorial
      • NFT Application Specification
      • How to set NFT Asset Card, Receive Background, and Avatar on TokenPocket?
      • NFT application description
    • About DApp
      • How to create DApp List?
      • How to collect DAPP and TIP-001 protocol?
    • How to Create a Wallet?
      • Sub-wallet creation tutorial.
      • BiHelix (RGB-LN) Use Guide
      • Mint Use Guide
      • Bitlayer Use Guide
      • X Layer Use Guide
      • Blast Use Guide
      • Merlin Use Guide
      • Kroma Use Guide
      • ZetaChain Use Guide
      • Taiko Testnet Use Guide
      • Blast Testnet Use Guide
      • Metis Use Guide
      • Manta Use Guide
      • BEVM Use Guide
      • IOST Use Guide( Activation Code Creation)
      • IOST Use Guide( Assist in creating)
      • ZKFair Use Guide
      • Scroll Use Guide
      • HAQQ Use Guide
      • Core Use Guide
      • ZetaChain Testnet Use Guide
      • Polygon zkEVM Use Guide
      • EOS EVM Use Guide
      • opBNB Use Guide
      • Linea Use Guide
      • Mantle Use Guide
      • Sui Use Guide
      • Pulse Chain Use Guide
      • zkSync Era∎ Use Guide
      • Core Blockchain Use Guide
      • Filecoin FVM Use Guide
      • Dogecoin Use Guide
      • Aptos Use Guide
      • FON Smart Chain Use Guide
      • EthereumPoW Use Guide
      • EthereumFair (ETF) Use Guide
      • Arbitrum Nova Use Guide
      • ETC Use Guide
      • HALO Use Guide
      • GateChain(GT) Use Guide
      • BitTorrent Use Guide
      • Conflux eSpace Use Guide
      • KCC Use Guide
      • Harmony Use Guide
      • Moonbeam Use Guide!
      • WAX Use Guide!
      • xDai Use Guide!
      • Solana Use Guide!
      • Avalanche Use Guide!
      • Fantom Use Guide!
      • Arbitrum Use Guide!
      • Klaytn Use Guide
      • Polygon (Matic) Use Guide
      • BSC Use Guide
      • How to create a TRON wallet?
      • Moonriver Use Guide
    • About Custom Network/Token
      • What is a custom network
      • How to Add Custom Network
      • About Custom Token
      • Design a link to promote your chain
    • How to Trade on DEX?
      • Orbiter Finance User Guide
      • Exchange of assets between the EOS mainnet and EOS-EVM
      • Birdeye User Guide
      • Exchange SOL assets using Transit Swap.
      • Orca User Guide
      • jito User Guide
      • Marginfi User Guide
      • Raydium Usage Guide
      • SushiSwap on OKChain Guide
      • JustSwap on Tron Gudie
      • PuddingSwap on HSC Guide
      • MDEX on HECO Guide
      • PancakeSwap on BSC Guide
      • Uniswap on Ethereum Guide
      • Transit Swap 2.0 Guide
    • About Protocol
      • About Nostr
      • The NostrAssets Usage Tutorial
    • TPtool
      • TokenPocket Nickname System
      • Easy Inscription User Guide
      • Magic Eden User Guide (Inscription)
      • EIP-4527
        • How to Use TokenPocket
        • How to Use MetaMask
    • Give encouragement and feedback to TP Wallet on the App Store.
  • 🛠️Wallet Management
    • Token Management
      • How to buy crypto in TokenPocket (Web version)
      • How to buy crypto in TokenPocket
      • How to Search Tokens?
      • How to Add Tokens?
      • How to Delete Tokens?
      • How to manage My NFT assets?
    • Wallet Management
      • How to Use the Private Wallet?
      • How to use Widgets?
      • How to hide the Wallet?
      • How to Create a Wallet?
      • How to Import a Wallet?
      • How to Manage My Wallet?
      • How to Switch My Wallet?
      • How to Sync a Wallet?
      • How to use Watch Wallet and Cold Wallet?
      • What is Nonce?
    • Blockchain Explorer Tutorial
      • What is Blockchain Explorer?
      • What is Transaction ID (Hash) ?
      • BSC Explorer Tutorial
        • Query transfer records on BSC explorer.
        • Query your assets on BSC explorer.
        • Query the token's information on BSC explorer.
      • TRON Explorer Tutorial
        • Query transfer records on TRON explorer.
        • Query your assets on TRON explorer.
        • Query the token's information on TRON explorer.
      • ETH Explorer Tutorial
        • Query transfer records on ETH explorer.
        • Query your assets on ETH explorer.
        • Query the token's information on ETH explorer.
  • 👾Transfer Tutorial
    • About Safe Transfer
    • Transfer FAQ
      • What if the assets cannot be recovered through guided self-help operation
      • Why can’t I transfer my assets to the contract address?
      • Why can't transfer tokens between different chains?
      • Why did I not receive my funds from the wallet to the exchange?
      • Why did I not receive my funds from the exchange to the wallet?
      • Why does the transfer always keep pending status?
      • Why can't I get my funds back when the transfer was failed?
      • How to Accelerate My Transaction?
      • How to Add Memo When Transferring?
      • How to Cancel My Transaction?
      • How to Transfer Assets to the Wallet/Exchange?
      • How to Receive My Assets ?
    • TokenPocket Multi-chain Token Batch sender
  • 👨‍💻DEVELOPER
    • How to Submit DApps?
    • How to Submit Tokens?
    • How to submit NFT?
    • How to Submit a Token Logo?
    • How to Submit a NFT Logo
    • How to submit public chain?
  • 💻EXTENSION WALLET
    • FAQ
      • Basis introduction
      • Installation Tutorial
      • Use Tutorial
        • How to import/create a wallet in TP Extension Wallet?
        • How to create/import a MultiSig wallet in TP Extension Wallet?
        • How to connect with TP Extension Wallet?
        • How to SWAP on TP Extension Wallet?
        • How to connect to KeyPal?
        • How to connect to Ledger?
        • How to connect to Trezor?
    • Extension Update
      • Version update log(Jan 9, 2024)
      • Version update log(Dec 27, 2023)
      • Version update log(Nov 25, 2023)
      • Version update log(Aug 9, 2023)
      • Version update log(Jun 22, 2023)
      • Version update log(Jun 5, 2023)
      • Version update log(Jun 2, 2023)
      • Version update log(May 19, 2023)
      • Version update log(Mar 5, 2023)
      • Version update log (Mar 1, 2023)
      • Version update log (Nov 4, 2022)
      • Version update log(Aug 26, 2022)
      • Version update log (Jul 13, 2022)
      • Version update log (Jun 8, 2022)
      • Version update log(May 20, 2022)
      • TokenPocket Brand Upgrade
    • Privacy Policy
    • Term Of Use
  • 🪧announcement
    • Announcement
      • 🆕Oct 16th, Ordinals Data Maintenance Notice
      • Oct 11th, TokenPocket Official Website Maintenance Notice
      • Oct 7th, BNB Chain's maintenance has been completed.
      • Oct 7th, BNB Chain is being maintained.
      • Sept 15th. The Merge is over!
      • Sept 12th. About the Ethereum Merge.
      • Aug 31st, Arbitrum will launch the Nitro technical upgrade.
      • Aug 29th, TokenPocket wallet is being maintained and upgraded.
      • Aug 4th, 2022. The Polygon(Matic) is being maintained and upgraded.
      • Jul 20th, 2022. The BSC and IOST had been maintained and upgraded.
      • Jul 12th, 2022. The TRON will be maintained and upgraded.
      • Jul 11th, 2022. The klaytn had been maintained and upgraded.
      • Jun 1st, 2022. The Optimism node will be maintained and upgraded.
      • Jun 1st, 2022. The Heco chain will be upgraded.
      • May 20th, 2022. The Polygon(Matic) chain will be upgraded.
      • May 18th, 2022. TokenPocket technical service will be maintained and updated!
      • Feb 24th, 2022. iOS New version will adjust some services.
      • Jan 27th, 2022. The service upgrade of TRON.
      • Jan 25th, 2022. Klaytn node is being maintained.
      • Dec 2nd, 2021. EOS node is being maintained.
    • App Update
      • 🆕Version Update Logs (All)
      • Version Update (Jul 6th, 2023)
      • Version Update (Jul 2nd, 2023)
      • Version Update (Jun 16th, 2023)
      • Version Update (Jun 9th, 2023)
      • Version Update (Jun 7th, 2023)
      • Version Update (Jun 3rd, 2023)
      • Version Update (May 25th, 2023)
      • Version Update (May 23th, 2023)
      • Version Update (May 5th, 2023)
      • Version Update (Apr 27th, 2023)
      • Version Update (Apr 14th, 2023)
      • Version Update (Apr 11th, 2023)
      • Version Update (Apr 6th, 2023)
      • Version Update (Apr 4th, 2023)
      • Version Update (Mar 18th, 2023)
      • Version Update (Mar 11th, 2023)
      • Version Update (Mar 7th, 2023)
      • Version Update (Mar 3rd, 2023)
      • Version Update (Feb 19th, 2023)
      • Version Update (Feb 18th, 2023)
      • Version Update (Feb 17th, 2023)
      • Version Update (Jan 18th, 2023)
      • Version Update (Jan 12th, 2023)
      • Version Update (Jan 9th, 2023)
      • Version Update (Dec 15th, 2022)
      • Version Update (Dec 7th, 2022)
      • Version Update (Dec 5th, 2022)
      • Version Update (Oct 29th, 2022)
      • Version Update (Oct 28th, 2022)
      • Version Update (Oct 14th, 2022)
      • Version Update (Sep 9th, 2022)
      • Version Update (Aug 29th, 2022)
      • Version Update (Aug 18th, 2022)
      • Version Update (Aug 1th, 2022)
      • Version Update (Jul 28th, 2022)
      • Version Update (Jul 11th, 2022)
      • Version Update (Jul 2nd, 2022)
      • Version Update (Jun 30th, 2022)
      • Version Update (Jun 28th, 2022)
      • Version Update (Jun 13th, 2022)
      • Version Update (Jun 8th, 2022)
      • Version Update (May 29th, 2022)
      • Version Update (May 25th, 2022)
      • Version update log(Apr 29th, 2022)
      • Version update log(Apr 13th, 2022)
      • Version update log(Apr 2nd, 2022)
      • Version update log(Mar 11th, 2022)
      • Version update log(Feb 25th, 2022)
      • Version update log(Feb 11th, 2022)
      • Version update log(January 27th, 2022)
      • Version update log (January 17th, 2022)
      • Version update log (December 31st, 2021)
      • Version update log (November 26th, 2021)
      • Version update log (November 5th, 2021)
      • Version update log (October 14th, 2021)
      • Version update log (September 29th, 2021)
      • Version update log (September 18th, 2021)
      • Version update log (September 3rd, 2021)
      • Version update log (August 5th, 2021)
      • Version update log (July 28th, 2021)
      • Version update log (July 7th, 2021)
      • Version update log (June 11th, 2021)
      • Version update log (March 18th, 2021)
      • Version Update (Oct. 30th, 2020)
    • TokenPocket Product Policy Adjustment Instructions
  • 📩Contact Us
    • Join us
    • Contact Us
    • Judicial Assistance Policy
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On this page
  1. Wallet FAQ
  2. BTC Wallet

FAQs on Bitcoin Wallet

1. Why is the fee so high for bitcoin transfer?

Because bitcoin is only one megabyte in each block, and can only handle five transactions per second, miners' fees have risen since the volume of transactions has increased.

2. Why does my USDT prompt an address error when I want to transfer to a bitcoin address?

The bitcoin-based USDT (issued under the Omni protocol) and ethereum-based USDT (issued under the erc-20 protocol) cannot transfer to each other.

When transferring USDT, you can tell whether the USDTs are based on the same protocol by their address starting numbers: the USDT issued under Omni protocol starts with "1", and the USDT issued under erc-20 protocol starts with “0x".

3. Can USDT transfer to my bitcoin address?

Yes

4. How many bitcoin addresses can you create in the TokenPocket wallet?

You can create as many as you want, and it's free.

5. Can I create multiple BTC addresses?

Depending on your needs, you can create as many as you want.

6. My bitcoin has been transferred out but the receiver said did not receive, what should I do?

You can query in the blockchain browser, maybe the queue delay is more severe. The speed is really so slow when there are more transactions.

7. Can the TP wallet automatically collect bitcoins?

This function will be designed later, welcome to give valuable advice.

8. How to choose the best miner's fee for bitcoin?

Bitcoin miners fee calculation: = Fees (satoshi/byte) * Site (byte) (* satoshi = sat, 1 bitcoin = 100 million satoshi), you can go to https://bitcoinfees.earn.com to view the data to get the best miner's fee.

For ordinary users, we generally use the default recommended miner's fee in the wallet (such as TokenPocket), of course, we can also flexibly turn on the advanced mode to make free settings.

8. What is the proof of work (POW)?

The most commonly used technical principle for POW is the hash function. Since any value n of the input hash function h() will correspond to an h(n) result, and as long as n changes one bit, it will cause an avalanche effect, so it is almost impossible to push back from h(n) to n, so by specifying to find the characteristics of h(n), let the user do a lot of exhaustive operations, can achieve proof of work. In short, it is through a certain amount of work (mining) to get the corresponding reward (Token).

9. What are the advantages and disadvantages of the bitcoin lightning network?

Lightning networks can provide significant improvements in scalability, and transaction speeds and transaction rates should be significantly improved without affecting the underlying security of the core protocols. However, there are always two sides to everything. Let's take a look at the advantages and disadvantages of lightning networks.

Advantages of the lightning network:

Fast payments: payments within a given channel can be almost as fast as data being transferred between two nodes over the Internet.

No trusted third party is required: the two participants in the channel pay each other directly using regular bitcoin transactions, and no third party controls their funds.

The payment channel can remain open indefinitely: as long as the two parties in the channel continue to work with each other, the channel can remain open indefinitely.

Across the blockchains: the payment channel can be routed across multiple blockchains if another blockchain supports the same hash function for the hash lock and has the ability to create a time lock.

Disadvantages of the lightning network:

The security of lightning network payment may make the lightning network not suitable for a large payment. The payee needs to sign the recovery transaction before receiving the payment, and a hot wallet is needed to receive the payment, which means there is a risk that the private key will be exposed if a security incident occurs.

10. What is the relationship between USDT on BTC and BTC?

USDT (full name Tether USD). It is a stablecoin issued by Tether, formerly known as Realcoin, which is registered in the isle of man and Hong Kong. USDT is the stable currency with the highest market share on the market. It was originally issued as a cryptocurrency based on the Omni protocol, which can be simply understood as the USDT based on bitcoin.

Omni-USDT is stored on the bitcoin address, so the type of fee to be paid for each transfer is bitcoin. The address is 1 or 3 at the beginning, for example, 1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz. It is important that to successfully transfer Omni-USDT on the blockchain, there must be at least 0.0002 bitcoins in the address. At the same time, for each Omni-USDT transfer, a small amount of BTC transfer will be generated accordingly. In other words, when we made an Omni-USDT transfer on the blcokchain, two transfers "Omni-USDT and small BTC" actually took place.

Tip: there are currently BTC, ETH, TRX, and EOS that support the USDT.

11. What is the bitcoin lightning network?

Lightning network is a distributed network that enables instant payment across the participant network through the smart contract function, while taking advantage of the blockchain feature to eliminate the risk of hosting funds to third parties. Mainly used for instant, high-volume micropayments. In essence, it is to set up another channel outside the bitcoin main chain, where users' digital currency can make quick payments, because the lightning network is a decentralized architecture, which is fundamentally different from traditional exchanges.

12. Does a bitcoin address have to start with a number?

No, there are 1, 3, and bc1, which represent the following:

The address at the beginning of 1 is P2PKH(pay-to-public-key-hash) address, which is the original address, and is called ordinary BTC address;

The address at the beginning of 3 is P2SH(pay-to-script-hash) address, and the internal address also needs to be segwit, that is, the segwit address.

The address at the beginning of bc1 is a BECH32 encoded address, an address format developed specifically for segwit, and an segwit address.

The address at the beginning of 3 and bc1 are smaller and less expensive than that of 1, which can improve the packaging speed of BTC block.

13. How many bits is the bitcoin address?

The length of a typical BTC address is 26-34 bits. It's worth noting that the address of the bitcoin is not the public key, but the hash of the public key. That is, the address can be derived from the public key, but the public key cannot be deduced from the address, because the hash function is a one-way function.

Tips:

The address at the beginning of 1 is P2PKH(pay-to-public-key-hash) address, which is the original address, and is called ordinary BTC address;

The address at the beginning of 3 is P2SH(pay-to-script-hash) address, and the internal address also needs to be segwit, that is, the segwit address.

The address at the beginning of bc1 is a BECH32 encoded address, an address format developed specifically for segwit, and an segwit address.

The address at the beginning of 3 and bc1 are smaller and less expensive than that of 1, which can improve the packaging speed of BTC block.

The BTC address of Satoshi Nakamoto: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

14. What is the smallest unit of bitcoin?

The traditional currency we use every day can be broken down into cent, so for bitcoin there is also its smallest unit, satoshi. How small is satoshi? 1 satoshi = 0.00000001 BTC.

In October 2019 satoshi, bitcoin's smallest unit, was added to the Oxford English Dictionary. This is the latest addition to the famous English vocabulary, and it's part of the encryption industry's terminology, but it's not the first. In 2013, the OED added the word "bitcoin" defining it as "a digital currency that can be traded without a central bank”.

14. Will the miner's fee be deducted if the BTC transfer fails?

In the bitcoin network, the transfer requires the miner to package the transaction. But if the deal fails for reasons such as a lack of miners' fee, since the deal has been packaged by the miners, the miner's fee will be deducted and not refunded to the user's account. This is also a feature of the consensus algorithm of POW (Proof Of Work).

15. How to export the BTC private key of TokenPocket wallet?

The public key in the BTC is used as a collection address. The private key is known only to you, if it is public or lost means that your assets will be lost. Therefore, the private key plays an important role in our assets. Although the registration of the TokenPocket wallet started as a reminder of backup and verification mnemonic(equally important), the backup of the private key means that we can have more controllable keys. If one of the two is lost, the asset will not be lost.

The steps to export the private key through TP wallet are as follows: open the wallet -- click the blank at the top of the receipt -- select export the private key in the pop-up menu -- enter the password for authorization to record and save the private key (the QR code is for convenient transfer through different devices, please be sure to use it in a safe environment).

16. What is BTC segwit?

Segwit is a method of blockchain expansion that has been successfully implemented in litecoin and bitcoin. At present, each block on the blockchain not only records the specific information of each transfer transaction, that is, how many bitcoins were received or transferred from the account at which point, but also contains the digital signature of each transaction to verify the legitimacy of the transaction.

When the miners package the blocks, they need to verify each transaction with a digital signature, confirm that there is no problem, and then record the transaction in the block. But for the average user, he only cares about how many assets are in each account and does not need to verify every transaction. Segwit is the digital signature information in the block out, so that each block can carry more transactions, thus achieving the purpose of expansion.

Advantages of segwit:

More secure, with better security than common addresses.

Faster, scalable block capacity, faster checking of transactions.

Cheaper, transaction fees are cheaper than regular address types.

How to identify the segwit address:

Most addresses of the segwit start with "bc", while ordinary addresses start with "1", and "3" may multiple signature addresses or the segwit address used for transitional period.

17. Bitcoin transfer is slow, can it be accelerated?

BTC transfer is slow, mainly because the transfer fee is less, so you can increase the amount of miner fee on the transfer page to get faster transfer speed.

18. How to import the BTC private key into the wallet?

Step 1: click "add wallet"

Step 2: click "Private Key"

Step 3: enter the private key and wallet password, click "I agree" and "Import it”.

19. How to set the miner fee of BTC?

Miner's fee reference: In the bitcoin browser: https://btc.com/stats/unconfirmed-tx,Home page - statistics - unconfirmed transaction page will display the current best handling fee, you can follow this value to set.

In the TokenPocket wallet transfer page, you can set the miner's fee number manually, or you can use the miner's fee recommended by the wallet by default.

20. How to transfer BTC to exchange by wallet?

Step 1: click "Transfer" on the asset page.

Step 2: click "Transfer".

Step 3: enter the address and quantity of the BTC and click next to enter the password.

21. How to delete the BTC wallet?

Step 1: go to the wallet details page and select "delete".

Step 2: enter the wallet password for verification to complete the wallet deletion.

Please make sure to save the private key before deleting the wallet.

22. What if you lose your password to your bitcoin wallet?

There are two options, you can choose to reset the password on the wallet details page, or you can choose to delete the wallet and reimport the private key or mnemonic. Whoever holds the private key and mnemonic is the owner of the wallet.

23. How to reset the password of the bitcoin wallet?

Step 1: on the wallet list page, click on the pinion (to go to the wallet details page). You can also click on the assets home page, the blue banner to enter the details page.

Step 2: on the wallet details page, select modify password.

Step 3:If you remember your old password, you can change it directly.

24. What if the BTC private key is lost?

Case 1: the phone or computer now has this BTC wallet, and remember the password, you can enter the password in the wallet details to export the private key or mnemonic.

Case 2: the wallet APP has been uninstalled and the private key is not backed up. In this case, the private key cannot be retrieved.

25. How to backup bitcoin private key?

Best solution: print ten copies of the mnemonic when there is no camera and you have only yourself with you. Put them in a plastic bag to keep them dry. Keep them in a safe place.If possible, you can also laser etch them on the stainless steel plate.

The next best solution: you can copy them manually, be case-sensitive, and keep them neat. To be careful, you can copy them twice and store them in a plastic bag in a safe place.

Other networking situations, cloud storage, or stored in the phone album are likely to be lost or stolen.

26. How to create a BTC wallet in TokenPocket?

Step 1: on the "assets" page, select "create wallet" and then select "bitcoin".

Step 2: select "create wallet".

Step 3: take the name of the wallet yourself, password 8 digits and letters, and then click "create wallet".

Step 4: click "backup wallet".

Step 5: back up your mnemonics, preferably in a camera-free place, and print them out for safekeeping. Screenshots are easy to lose, physical preservation is the safest. Click "next step"after backup

Step 6: click the backup mnemonic words in order, click all finished, click "finish".

Now the BTC wallet is created.

27. How to change the name of bitcoin (BTC) wallet in the TokenPocket wallet?

Step 1: click "mine" to go to the personal center page and click "manage wallets".

Step 2. Click the bitcoin menu to enter the wallet you want to modify.

Step 3. Go to the wallet details page and click the modify button next to the wallet name to modify

28. Is there a bitcoin browser in the TokenPocket wallet? How to use it?

Yes. The method is as simple as clicking on the "blockchair" at the top of the wallet "assets" page.

29. When my TokenPocket wallet APP was disconnected, someone transferred BTC bitcoin to me. Can I receive it?

Yes. Bitcoin (BTC) will appear in your account the next time you open the wallet program after connecting to the Internet. Bitcoins are not actually received by the wallet software, they are added to a public ledger shared by all the devices on the network.

If someone transfers BTC to you when your wallet is not running, the wallet will download the block data and update any unrecorded transactions when you open your wallet later, and the BTC record of the transfer will appear in the wallet.

30. Will I lose my bitcoin stored in my TokenPocket wallet? Will my wallet steal my BTC?

No. Strictly speaking, whether you lose your bitcoin in your wallet depends on whether your private key is lost or stolen. As a decentralized wallet, the TokenPocket wallet does not store the user's private key, so there is no permission to transfer the user's assets. Please keep your private key safe.

31. What coins are on the BTC network?

Unlike ETH, EOS and other public blockchains which support the development of smart contracts, the bitcoin network currently only have BTC and USDT. The USDT is known as OMNI (if you see it on an exchange). Some users may mention fork coins such as BCH, but they are not part of the bitcoin network.

32. Can I mine BTC bitcoin with the TokenPocket wallet?

As a decentralized wallet, TokenPocket has no mining function. However, you can purchase bitcoin cloud computing products provided by a third party on the TokenPocket wallet for cloud mining

33. Will it give me interest if I deposit BTC in the TokenPocket wallet?

TokenPocket as a decentralized wallet, your BTC assets are stored on the blockchain, and the wallet is only used as a management tool to synchronize the data information on the blockchain. So BTC is not stored in the wallet, which does not charge users any fees or provide any interest.

34. Where is the price of BTC in the TokenPocket wallet displayed according to?

According to the market site CoinMarketCap (https://coinmarketcap.com/) real-time BTC display price.

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Last updated 2 years ago

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