Designate BTC

In most Bitcoin wallet software, a set of addresses are represented as an "account", and commonly the balance we see comes from several different addresses within that account.

This step creates a separate account for the balance used to verify, which helps:

• consolidate the required Bitcoin balance into one location for verification

• provide an easy way to label the funds so they aren't accidentally spent

• allow users to hold the balance in the wallet of their choice

This Bitcoin cannot be spent or access to 1btc Chat will be lost.

Ledger Example

Trezor Example