![]() The section called "Explain like I’m five" will give you an overview of the app and a quick tutorial. The developers suggest new users browse through the Wasabi docs to help orient themselves with the peculiarities of the wallet. The good thing about Wasabi is that it is very transparent about its charges and has detailed the entire calculation in its extensive support documentation. Wasabi charges a coordinator fee for CoinJoin transactions that’s calculated as a percentage of the anonymity set, which is the size of the group that you are mixing your coins with. Sending money using the CoinJoin feature is also similar, as Wasabi hides all the complexities of the process. The lower the fee, the longer the confirmation time. ![]() Wasabi users can also customize transaction fees using a slider, which displays the fee in Bitcoin as well as in fiat currency, along with the estimated time for confirmation. After selecting the UTXOs you want to send from, enter the receiver’s wallet address. Wasabi has coin control features so you can select the UTXOs you want to send using the checkbox next to them. Once the transaction has been confirmed, the UTXOs will show up under the Send tab, together with their labels. After you’ve received the money, the address will no longer appear under the Receive tab, and you’ll have to generate a new one to receive more Bitcoin. You can then send the generated address to the individual who wants to send you Bitcoin or show them the QR code, which they can scan with their wallet. To receive Bitcoin, you’ll need to first generate an address by giving it a label, such as the name of the individual you’re receiving the transaction from, which will help you identify the transaction. (Image credit: Wasabi Wallet) Transferring fundsįor first time Wasabi users, seeing the individual UTXOs might take a little getting used to, but it doesn’t hamper the usability of the app very much. Also, unlike many of its peers, Wasabi displays the individual Unspent Transaction Output (UTXO) and gives you the option to select which ones you wish to use in a transaction. One interesting feature is the ability to hide all sensitive information with the click of a button, to prevent anyone from shoulder surfing. Wasabi has a four-tab interface that allows you to send and receive Bitcoin, transact using CoinJoin and track your transactions. Once it has generated the wallet, Wasabi will download blocks that contain your transactions (not the entire blockchain), which can take some time depending on the speed of your internet connection. The process will also generate a set of recovery words, which you’ll need in case you forget your password. When you start Wasabi for the first time, you’ll be taken through a wizard to create a new wallet, which involves picking a unique name and password for the wallet. For instance, Wasabi establishes its own Tor connections and will also automatically generate new addresses for each new transaction. One of Wasabi's best qualities is that most of the techniques for ensuring privacy are implemented behind the scenes. (Image credit: Wasabi Wallet) Interface and ease of use
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |