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Update 03_3_Setting_Up_Your_Wallet.md
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# 3.3: Setting Up Your Wallet
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> **NOTE:** This is a draft in progress, so that I can get some feedback from early reviewers. It is not yet ready for learning.
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> :information_source: **NOTE:** This is a draft in progress, so that I can get some feedback from early reviewers. It is not yet ready for learning.
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You're now ready to start working with Bitcoin. To begin with, you'll need to create an address for receiving funds.
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@ -15,7 +15,7 @@ Note that this address begins with an "n" (or sometimes an "m"). This signifies
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The "legacy" flag is necessary to generate a traditional address, rather than a p2sh-segwit or bech32 address. The legacy address is currently required from the command line to make sure that signing works correctly.
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> **TESTNET vs MAINNET:** The equivalent mainnet address would start with a 1.
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> :link: **TESTNET vs MAINNET:** The equivalent mainnet address would start with a 1.
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Take careful note of the address. You'll need to give it to whomever will be sending you funds.
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@ -88,7 +88,7 @@ $ bitcoin-cli importprivkey cW4s4MdW7BkUmqiKgYzSJdmvnzq8QDrf6gszPMC7eLmfcdoRHtHh
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```
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Expect this to take a while, as `bitcoind` needs to reread all past transactions, to see if there are any new ones that it should pay attention to.
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> **NOTE:** Many modern wallets prefer [mnemonic codes](https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki) to generate the seeds necessary to create the private keys. This methodology is not used `bitcoin-cli`, so you won't be able to generate handy word lists to remember your private keys.
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> :information_source: **NOTE:** Many modern wallets prefer [mnemonic codes](https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki) to generate the seeds necessary to create the private keys. This methodology is not used `bitcoin-cli`, so you won't be able to generate handy word lists to remember your private keys.
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_You've been typing that Bitcoin address you generated a _lot_, while you were signing messages and now dumping keys. If you think it's a pain, we agree. It's also prone to errors, a topic that we'll address in the very next section._
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