Use Python to get the balance of a Bitcoin wallet

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In this article we will use Python to get the balance of a Bitcoin wallet. Bitcoin is a decentralized digital currency that can be sent and received without the need for intermediaries such as banks. The most common way to interact with the Bitcoin network is through a software or hardware wallet. A Bitcoin wallet is a program that allows a user to store, send and receive Bitcoin. In this article, we will explore how to use Python to get the balance of a Bitcoin wallet.

Before we begin, it is important to note that there are several different libraries available for interacting with the Bitcoin network in Python. The most popular of these libraries is Bitcoinlib. Bitcoinlib is a powerful and easy to use library that provides a simple interface for interacting with the Bitcoin network.

Install Bitcoinlib

To use Bitcoinlib, we first need to install it. This can be done using pip, the package installer for Python. To install Bitcoinlib, open up a terminal and enter the following command:

Copy codepip install bitcoinlib

Interact with the Bitcoin network

Once Bitcoinlib is installed, we can start using it to interact with the Bitcoin network. The first thing we need to do is to import the library. This can be done by adding the following line to the top of your Python script:

Copy codeimport bitcoinlib

Next, we need to create a connection to the Bitcoin network. This can be done using the .connect_to_local() method provided by Bitcoinlib. This method connects to a local Bitcoin node using the default settings. If you want to connect to a remote node, you can use the .connect() method and pass in the host and port of the remote node.

Copy codeconnection = bitcoinlib.connect_to_local()

Once we have a connection to the Bitcoin network, we can use it to retrieve the balance of a Bitcoin wallet. To do this, we need to know the address of the wallet. The address is a string of letters and numbers that represents the location of the wallet on the Bitcoin network.

To get the balance of a wallet, we can use the .getbalance() method provided by Bitcoinlib. This method takes the address of the wallet as a parameter and returns the balance in satoshis. One satoshi is the smallest unit of Bitcoin, equivalent to 0.00000001 BTC.

Copy codeaddress = '1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2'
balance = connection.getbalance(address)
print(balance)

The above code will print the balance of the wallet with the address 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2 in satoshis.

To convert the balance from satoshis to Bitcoin, we can simply divide the balance by 100 million (100 million satoshis is equal to 1 Bitcoin). The following code snippet shows how to convert the balance to Bitcoin.

Copy codebalance_btc = balance / 100000000
print(balance_btc)

The above code will print the balance of the wallet in Bitcoin.

Other options

It’s worth noting that there are other libraries available for interacting with the Bitcoin network in Python, such as python-bitcoinlib, pycoin and pybitcointools, but Bitcoinlib is the most comprehensive and easy-to-use library and it’s actively maintained.

In conclusion, using Python and a library like Bitcoinlib makes it relatively easy to interact with the Bitcoin network and retrieve information about a wallet, such as its balance. This can be useful for building applications that needRegenerate response

Resources

Blockchain Networks

Below is a list of EVM compatible Mainnet and Testnet blockchain networks. Each link contains network configuration, links to multiple faucets for test ETH and tokens, bridge details, and technical resources for each blockchain. Basically everything you need to test and deploy smart contracts or decentralized applications on each chain. For a list of popular Ethereum forums and chat applications click here.

Ethereum test network configuration and test ETH faucet information
Optimistic Ethereum Mainnet and Testnet configuration, bridge details, etc.
Polygon network Mainnet and Testnet configuration, faucets for test MATIC tokens, bridge details, etc.
Binance Smart Chain Mainnet and Testnet configuration, faucets for test BNB tokens, bridge details, etc.
Fanton networt Mainnet and Testnet configuration, faucets for test FTM tokens, bridge details, etc.
Kucoin Chain Mainnet and Testnet configuration, faucets for test KCS tokens, bridge details, etc.

Web3 Software Libraries

You can use the following libraries to interact with an EVM compatible blockchain.