Here's how to send raw transaction BTC using Bitcoin-cli command

Question

Scenario:

Michael receives 0.05000000 BTC from Pablo and another 0.01000000 BTC from Kuradang. Michael also wants to send 0.02500000 BTC to Berteng. Each amount that Michael receives has the corresponding txid and other details. Lets check that out using listunspent command then create a raw transaction using createrawtransaction after that sign it using signrawtransaction and send that raw transaction using sendrawtransaction.

Given:

• Michael's Bitcoin Address: mkrzDhhZtzQm8zgckSs4fMNrvtNJ66zaFe
• Berteng's Bitcoin Address: mxh3H416KCRoBDiweSESew5YJyAk1nxLrN
• Send to Berteng: 0.02500000 mBTC

Step 1)

listunspent

Format:

$ bitcoin-cli listunspent [misconf=1] [max_number_confirmation=99999999] '["<wallet_address>", ...]' 

Lets check Michael's list of unspent using with his address.

Execute:

$ bitcoin-cli listunspent 1 99999999 '["mkrzDhhZtzQm8zgckSs4fMNrvtNJ66zaFe"]' 

Result:

[{     "txid": "12b8e7ede4992f4d30f93idj3085746951d945e39f40becebd7c290af8c2e7ad",     "vout": 1,     "address": "mkrzDhhZtzQm8zgckSs4fMNrvtNJ66zaFe",     "account": "micz",     "scriptPubKey": "76a9143aa28e1740a6a5a2190975b6e7f1ad67aaec9a3988ac",     "amount": 0.05000000,     "confirmations": 94,     "spendable": true }, {     "txid": "8443bc63b65d569ff9ekwm37sy3b67b9c7c6f8f386c3cdf372b260961b64ec9fc",     "vout": 1,     "address": "mkrzDhhZtzQm8zgckSs4fMNrvtNJ66zaFe",     "account": "micz",     "scriptPubKey": "76a9143aa28e1740a6a5a2190975b6e7f1ad67aaec9a3988ac",     "amount": 0.01000000,     "confirmations": 93,     "spendable": true }] 

What we see here is the results that assigned 50 and 10 mBTC to our address mkrz…. To spend this output we will create a new transaction.

Step 2)

createrawtransaction

We need to choose some blocks with sufficient amount from the result of listunspent. Since we only need to send 0.02500000 mBTC I think the first block has the enough amount to make the transaction.

Format:

$ bitcoin-cli createrawtransaction     '[{         "txid" : "<txid_of_selected_block>",         "vout" : <vout>     }]'     '{"<recipient_address>": <amount_to_send>, "<sender_address>": <amount_change>}' 

To pay the fee, we will reduce the change output by 0.5 millibits as you can see below.

Execute:

$ bitcoin-cli createrawtransaction     '[{         "txid" : "12b8e7ede4992f4d30f93idj3085746951d945e39f40becebd7c290af8c2e7ad",         "vout" : 0     }]'     '{"mxh3H416KCRoBDiweSESew5YJyAk1nxLrN": 0.025, "mkrzDhhZtzQm8zgckSs4fMNrvtNJ66zaFe": 0.0245}' 

Result

0100000001e34ac1e2baac09c366fce1c2245536bda8f7db0f6685862aecf53ebd69f9a89c0000000000ffffffff02a0252600000000001976a914d90d36e98f62968d2bc9bbd68107564a156a9bcf88ac50622500000000001976a91407bdb518fa2e6089fd810235cf1100c9c13d1fd288ac00000000 

The createrawtransaction command produces a raw hex string that encodes the transaction details we supplied. If you want to decode the hex just use decoderawtransaction command.

Step 3)

signrawtransaction

signs the transaction in the serialized transaction format using private keys stored in the wallet or provided in the call.

Format:

$ bitcoin-cli signrawtransaction <hex_createrawtransaction> 

Execute:

$ bitcoin-cli signrawtransaction 0100000001e34ac1e2baac09c366fce1c2245536bda8f7db0f6685862aecf53ebd69f9a89c0000000000ffffffff02a0252600000000001976a914d90d36e98f62968d2bc9bbd68107564a156a9bcf88ac50622500000000001976a91407bdb518fa2e6089fd810235cf1100c9c13d1fd288ac00000000 

Result:

{    "hex" : "0100000001e34ac1e2baac09c366fce1c2245536bda8f7db0f6685862aecf53ebd69f9a89c000000006a47304402203e8a16522da80cef66bacfbc0c800c6d52c4a26d1d86a54e0a1b76d661f020c9022010397f00149f2a8fb2bc5bca52f2d7a7f87e3897a273ef54b277e4af52051a06012103c9700559f690c4a9182faa8bed88ad8a0c563777ac1d3f00fd44ea6c71dc5127ffffffff02a0252600000000001976a914d90d36e98f62968d2bc9bbd68107564a156a9bcf88ac50622500000000001976a91407bdb518fa2e6089fd810235cf1100c9c13d1fd288ac00000000",    "complete" : true } 

Now the signrawtransaction command returns another hex-encoded raw transaction.

Step 4)

sendrawtransaction

RPC validates a transaction and broadcasts it to the peer-to-peer network.

Format:

$ bitcoin-cli sendrawtransaction <hex_signrawtransaction> 

Execute:

$ bitcoin-cli sendrawtransaction 0100000001e34ac1e2baac09c366fce1c2245536bda8f7db0f6685862aecf53ebd69f9a89c000000006a47304402203e8a16522da80cef66bacfbc0c800c6d52c4a26d1d86a54e0a1b76d661f020c9022010397f00149f2a8fb2bc5bca52f2d7a7f87e3897a273ef54b277e4af52051a06012103c9700559f690c4a9182faa8bed88ad8a0c563777ac1d3f00fd44ea6c71dc5127ffffffff02a0252600000000001976a914d90d36e98f62968d2bc9bbd68107564a156a9bcf88ac50622500000000001976a91407bdb518fa2e6089fd810235cf1100c9c13d1fd288ac00000000 

Result:

ae74538baa914f3799081ba78429d5d84f36a0127438e9f721dff584ac17b346 

The command sendrawtransaction returns a transaction hash (txid) as it submits the transaction on the network. To check the transaction hash you can go to tbtc.blockr.io

For more info see this site mastering bitcoin

Answer 1

Yet another simpler way with some extra fundrawtransaction. Docs say us what inputs and output all required fields. But don't forget empty list is object too:

Step 1)

$ bitcoin-cli createrawtransaction '[]' \     '{"mxh3H416KCRoBDiweSESew5YJyAk1nxLrN": 0.025}' 

Step 2)

$ bitcoin-cli fundrawtransaction <hex_createrawtransaction> \     '{"changeAddress": "mkrzDhhZtzQm8zgckSs4fMNrvtNJ66zaFe"}' 

After second step you can look at the fee generated by your wallet. And change it with feeRate option of fundrawtransaction command. This all can be done before sign and send to network your transaction.