Being a Bitcoin (BTC) wallet, MasterBitExpress Bitcoin Wallet has the primary duty of managing the keys related to the process of sending and receiving BTCs as a mechanism inherently connected to the Blockchain ledger. Instead, it is a 100% independent, decentralized peer-to-peer network which has its data stored in blockchain. These latter required data for sending funds defined, the TX Sending State Status Info turns out to exhibit DEFINED TX status. Changing the TX Sending State Status Info to DEFINED TX is a necessary but not sufficient condition for sending funds. It is important to asseverate the user cannot fill in the recipient address via keyboard (2) unless the switch (1) have been set to its disabled position which is necessary for disabling the input via the device camera scanning. 4) Beneath, the Currently Generated User Address for receiving BTCs, i.e., for receiving funds, a sequence of characters under convention that the User may inform to a payer for receiving Bitcoins (funds). 5) Equivalently, the same User’s Address for Receiving Funds under QR Code may be shown to a payer, so that the User’s address can be scanned by payer’s device camera.
17) A New Currently Generated Address by Swiping may be promptly generated by swiping any of the lateral areas, either left or right, adjacent to the User’s Address for Receiving Funds under QR Code. Hence, the User must define the value that is going to be sent by filling in the 10) Sending Amount Area as well as the address that is going to receive the funds by filling in the 11) Recipient Address Area. Specifically, this TX was generated by defining a recipient address that pertains to the same wallet, so the sending funds returns to the wallet. 6) The Scan Button is for Scanning an external address so that the User can send funds to from within his/her MasterBitExpress Wallet. The Scan Button feeds the Output Address Area, which is not shown, since the user needs to scroll up the screen to access this area (which we are going to explain soon).
Such confirmation, satisfied all the required conditions (as, e.g., the existence of sufficient funds), enables the 13) Send Button that, hence, must be clicked to send the defined funds (previously filled Sending Amount Area) to the defined recipient (previously filled Recipient Address Area). The status changes from NOT DEFINED status to DEFINED status if and only if with both, the Sending Amount and the Recipient Address, defined. 9) The TX Sending State Status Info is the area responsible for informing the User on the current transaction (TX) status regarding sending funds. 7) By using the Fill Address In Button, the User inserts via keyboard an address to whom he/she wants to send funds to. 16) The Copy Wallet Address Button copies the Currently Generated User Address to the clipboard. 2) The Vertical Etcetera Icon allows the user access the Wallet Settings. The Wallet Settings area include important options to improve security, from which the user can even lock the wallet.
You can pay for your cryptocurrency with different payment methods, including credit and debit cards and cash. At this stage, prior to send the current TX, the user can inspect the details for the currently defined TX by clicking on the Fees Button. An important comment on the third of the latter three screenshots: this is just for information purposes on the related fees prior to send and by clicking on the Fees Button. Beneath, each corresponding information related to these states as per accessing them via the Fees Button. There exist three possible states for this area, which we are going to explain soon: NOT DEFINED TX, DEFINED TX, and DEFINED TX accepted by the user. Unlike physical currencies such as Rands and Dollars, Bitcoins are not tangible, printed money, but exist exclusively in the digital space. 3) The Current User Balance informs his/her current contained balance of Bitcoins. Firstly, you need to buy Bitcoins at a Bitcoin exchange and store them in a Bitcoin wallet.