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Trying to create a bitcoin based webapp in python which takes BTC deposits (New to Bitcoin in general, but want to get involved).

Although I would preferably want to use a different address for each deposit, (I read the docs and found out how this could be done, but still slightly confused), I would want to allow for users to deposit back into their own wallets. Though I think I got withdrawals figured out.

I tried to understand the (Now unsupported docs) but decided to come here for help because I was still confused. How would I use pybitcointools to

  1. Generate an BTC Address. (New address for each user). I believe I could do the below for each user. So this would generate a unique address upon the creation of each user for them to deposit to.

    my_private_key = sha256('I guess whatever I please')
    my_public_key = privtopub(my_private_key)
    my_address = pubtoaddr(my_public_key)
    
  2. Accept a Deposit into this Address.

  3. Return the BTC value of this address.
  4. When the time comes, send the balance of this address to the users own address.

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By pplny

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