Ethereum: How do I spend Bitcoin from multiple wallets in one transaction?

Spend Bitcoin from Multiple Wallets in a Single Transaction: A Step-by-Step Guide

Bitcoin is a decentralized digital currency that allows users to send and receive funds without relying on intermediaries like banks. However, when it comes to spending Bitcoin from multiple wallets in a single transaction, things can get complicated.

In this article, we’ll explore how to spend Bitcoin from multiple wallets using the Bitcoin Core command line, a popular tool for managing cryptocurrency transactions.

Why Send Bitcoin from Multiple Wallets?

There are several reasons why you might want to spend Bitcoin from multiple wallets in a single transaction:

• Split Transactions: In everyday transactions, it’s common to split the payment into smaller amounts. Using multiple wallets ensures that the funds are spread across different addresses.

• Multi-Signature Wallets

  : Some wallets require more than one signature (or “signatures”) to authorize transactions. Spending bitcoin from multiple wallets allows for these complex multi-signature setups.

• Receiving Multiple Payments: If you receive multiple payments from different sources, spending them all in one transaction can simplify the process.

Using Bitcoin Core to Spend Bitcoin from Multiple Wallets

To spend bitcoin from multiple wallets in one transaction using Bitcoin Core, follow these steps:

• List Your Wallets: First, list all of your connected wallets and their associated addresses. This will help you identify which wallet is responsible for each payment.

• Create a new transaction: Using the Bitcoin Core command line (e.g., bitcoinc -t 0x1234567890abcdef --amount=10), create a new transaction that involves spending bitcoins from multiple wallets.

• Specify addresses and amounts: Enter each wallet address and its associated amount in the format: [wallet_address]: [amount].

• List outputs: Bitcoin Core lists all outputs involved in the transaction, including the recipient address, amount, and other details.

Example Transaction

Suppose you have three wallets:

Wallet A: 0x1234567890abcdef

Wallet B: 0x87654321098765a

Wallet C: 0x0123456789abcdef

You want to spend 10 bitcoins from wallet A, 5 bitcoins from wallet B, and 3 bitcoins from wallet C in a single transaction. Using Bitcoin Core:

• List all wallets:

$ bitcoinc -t 0x1234567890abcdef --amount=10
$ bitcoinc -t 0x87654321098765a --amount=5
$ bitcoinc -t 0x0123456789abcdef --amount=3

• Create a new transaction:

$ bitcoinc -t 0x1234567890abcdef --amount=10 --outputs=[Wallet A: 10, Wallet B: 5, Wallet C: 3]

Tips and Variations

• Use the --all-outputs option: this allows you to specify multiple outputs with different addresses.

• Specify a specific wallet as sender

  

  : If you want to send bitcoins from one wallet but spend them on another, use the “-s” option followed by the recipient wallet address and the amount.

• Use the “–noconfirm” option: Spend bitcoins in a single transaction without confirming each payment. This can be useful when making large or complex transactions.

By following these steps and tips, you should be able to spend bitcoins from multiple wallets in a single transaction using Bitcoin Core. Happy sending!

profit line