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Bitcoin and Other cryptocurrency Library

Project description

Python Bitcoin Library

Bitcoin, Litecoin and Dash Crypto Currency Library for Python.

Includes a fully functional wallet, with multi signature, multi currency and multiple accounts. You this library at a high level and create and manage wallets for the command line or at a low level and create your own custom made transactions, keys or wallets.

The BitcoinLib connects to various service providers automatically to update wallets, transactions and blockchain information. It does currently not parse the blockchain itself.

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Read the full documentation at:


This library is still in development, please use at your own risk and test sufficiently before using it in a production environment.

Some Examples


The bitcoin library contains a wallet implementation using sqlalchemy and sqllite3 to import, create and manage keys in a Hierarchical Deterministic way.

Example: Create wallet and generate new address (key) to receive bitcoins

>>> from bitcoinlib.wallets import HDWallet
>>> w = HDWallet.create('Wallet1')
>>> key1 = w.get_key()
>>> key1.address

Now send a small transaction to your wallet and use the scan() method to update transactions and UTXO’s

>>> w.scan()
>>>  # Shows wallet information, keys, transactions and UTXO's

When your wallet received a payment and has unspent transaction outputs, you can send bitcoins easily. If successful a transaction ID is returned

>>> t = w.send_to('12ooWd8Xag7hsgP9PBPnmyGe36VeUrpMSH', 100000)
>>>  # Shows transaction information and send results

Wallet from passphrase with accounts and multiple currencies

The following code creates a wallet with two bitcoin and one litecoin account from a Mnemonic passphrase. The complete wallet can be recovered from the passphrase which is the masterkey.

from bitcoinlib.wallets import HDWallet, wallet_delete
from bitcoinlib.mnemonic import Mnemonic

passphrase = Mnemonic().generate()
w = HDWallet.create("Wallet2", keys=passphrase, network='bitcoin')
account_btc2 = w.new_account('Account BTC 2')
account_ltc1 = w.new_account('Account LTC', network='litecoin')

Multi Signature Wallets

Create a Multisig wallet with 2 cosigner which both need to sign a transaction.

from bitcoinlib.wallets import HDWallet
from bitcoinlib.keys import HDKey

NETWORK = 'testnet'
k1 = HDKey('tprv8ZgxMBicQKsPd1Q44tfDiZC98iYouKRC2CzjT3HGt1yYw2zuX2awTotzGAZQEAU9bi2M5MCj8iedP9MREPjUgpDEBwBgGi2C8eK'
            '5zNYeiX8', network=NETWORK)
k2 = HDKey('tprv8ZgxMBicQKsPeUbMS6kswJc11zgVEXUnUZuGo3bF6bBrAg1ieFfUdPc9UHqbD5HcXizThrcKike1c4z6xHrz6MWGwy8L6YKVbgJ'
            'MeQHdWDp', network=NETWORK)
w1 = HDWallet.create('multisig_2of2_cosigner1', sigs_required=2,
                     keys=[k1, k2.public_master(multisig=True)], network=NETWORK)
w2 = HDWallet.create('multisig_2of2_cosigner2',  sigs_required=2,
                     keys=[k1.public_master(multisig=True), k2], network=NETWORK)
print("Deposit testnet bitcoin to this address to create transaction: ", w1.get_key().address)

Create a transaction in the first wallet

t = w1.sweep('mwCwTceJvYV27KXBc3NJZys6CjsgsoeHmf', min_confirms=0)

And then import the transaction in the second wallet, sign it and push it to the network

t2 = w2.transaction_import(t)

Segregated Witness Wallet

Easily create and manage segwit wallets. Both native segwit with base32/bech32 addresses and P2SH nested segwit wallets with traditional addresses are available.

Create a native single key P2WPKH wallet:

>>> from bitcoinlib.wallets import HDWallet
>>> w = HDWallet.create('wallet_segwit_p2wpkh', witness_type='segwit')
>>> w.get_key().address

Or create a P2SH nested single key P2SH_P2WPKH wallet:

>>> from bitcoinlib.wallets import HDWallet
>>> w = HDWallet.create('wallet_segwit_p2sh_p2wpkh', witness_type='p2sh-segwit')
>>> w.get_key().address

Command Line Tool

With the command line tool you can create and manage wallet without any Python programming.

To create a new Bitcoin wallet

$ cli-wallet NewWallet
Command Line Wallet for BitcoinLib

Wallet newwallet does not exist, create new wallet [yN]? y

CREATE wallet 'newwallet' (bitcoin network)

Your mnemonic private key sentence is: force humble chair kiss season ready elbow cool awake divorce famous tunnel

Please write down on paper and backup. With this key you can restore your wallet and all keys

You can use ‘cli-wallet’ to create simple or multisig wallets for various networks, manage public and private keys and managing transactions.

For the full command line wallet documentation please read

Mnemonic key generation

Allows you to use easy to remember passphrases consisting of a number of words to store private keys (BIP0039). You can password protect this passphrase (BIP0038), and use the HD Wallet structure to generate a almost infinite number of new private keys and bitcoin addresses (BIP0043 and BIP0044).

Example: Generate a list of words passphrase and derive a private key seed

>>> from bitcoinlib.mnemonic import Mnemonic
>>> words = Mnemonic().generate()
>>> words
protect dumb smart toddler journey spawn same dry season ecology scissors more
>>> Mnemonic().to_seed(words)

Service providers

Communicates with pools of bitcoin service providers to retreive transaction, address, blockchain information. Can be used to push a transaction to the network, determine optimal service fee for a transaction or to update your wallet’s balance.

When working with wallets connections to service providers are automatically managed so you don’t have to worry about them. You can however easily use the Service object directly.

Example: Get estimated transaction fee in sathosis per Kb for confirmation within 5 blocks

>>> from import Service
>>> Service().estimatefee(5)

More examples

For more examples see

Implements the following Bitcoin Improvement Proposals

  • Hierarchical Deterministic Wallets (BIP0032)
  • Passphrase-protected private key (BIP0038)
  • Mnemonic code for generating deterministic keys (BIP0039)
  • Purpose Field for Deterministic Wallets (BIP0043)
  • Multi-Account Hierarchy for Deterministic Wallets (BIP0044)
  • Structure for Deterministic P2SH Multisignature Wallets (BIP0045)
  • Bech32/base32 address format for native v0-16 witness outputs (BIP0173)
  • Native and P2SH nested Segregated Witness transactions (BIP0141 and BIP0143)

Installing and updating

Install with pip

pip install bitcoinlib

These packages will be installed * fastecdsa (or ecdsa on Windows) * pyaes * scrypt * sqlalchemy * requests * enum34 (for older python installations) * six

Install development environment

First create a virtual environment for instance on linux with virtualenv:

$ virtualenv -p python3 venv/bitcoinlib
$ source venv/bitcoinlib/bin/activate

Then clone the repository and install dependencies:

$ git clone
$ cd bitcoinlib
$ pip install -r docs/requirements.txt

Other requirements Linux

sudo apt install build-essential python-dev python3-dev libgmp3-dev

To install OpenSSL development package on Debian, Ubuntu or their derivatives

sudo apt install libssl-dev

To install OpenSSL development package on Fedora, CentOS or RHEL

sudo yum install gcc openssl-devel

Other requirements Windows

This library required a Microsoft Visual C++ Compiler. For python version 3.5+ you will need Visual C++ 14.0. See

The fastecdsa library is not working at this moment on windows, so the slower ecdsa library is installed.


When you experience issues with the scrypt package when installing you can try to solve this by removing and reinstall scrypt:

$ pip uninstall scrypt
$ pip install scrypt

Please make sure you also have the Python development and SSL development packages installed, see ‘Other requirements’ above.

You can also use pyscrypt instead of scrypt. Pyscrypt is a pure Python scrypt password-based key derivation library. It works but it is slow when using BIP38 password protected keys.

$ pip install pyscrypt

If you run into issues to not hesitate to contact us or file an issue at

Update library

Update to the latest version of the library with

$ pip install bitcoinlib --upgrade

To upgrade make sure everything is backuped and run from the installation directory.

$ python -d [<link-to-database-if-not-standard>]

For more information on installing, updating and maintenance see

Future / Roadmap

  • Create Script class and support advanced scripts
  • Fully support timelocks
  • Support for Trezor wallet
  • Support and extensively test other databases
  • Improve speed and security
  • Integrate in ERP and shopping solutions such as Odoo, Magento, Shopware
  • Support for lightning network

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