Chain notebooks
Bitcoin, one spend at a time
Outputs, change and careful payments
Overview
Follow a bitcoin payment from spendable outputs to confirmation. Learn how to choose a wallet and inspect a payment without risking money.
Learning outcomes
- Explain change outputs
- Compare wallet custody and backup
- Read confirmation and fee information
- Separate a Bitcoin payment from an exchange trade
Before you begin
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Course syllabus
Your balance is a collection of outputs
Explain why a payment can create change.
5 min readCreate a Bitcoin wallet before funding it
Follow a documented software-wallet setup.
5 min readBroadcast is not confirmation
Distinguish a submitted payment from a confirmed one.
5 min readKnow which part is the trade
Identify custody and payment risks before exchanging BTC.
5 min read
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