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Bitcoin => Bitcoin Discussion => Topic started by: adejavad on November 05, 2015, 03:34:42 PM



Title: how to lock bitcoin?
Post by: adejavad on November 05, 2015, 03:34:42 PM
where we can save bitcoin, and lock it,?
and is taken once a month


Title: Re: how to lock bitcoin?
Post by: ranochigo on November 05, 2015, 03:37:18 PM
It would require 2 of 2 multi sig key for full lock or 2 of 3 multi sig key in case you want to spend it suddenly without the limitation. Many services provide limits on spending over a period of time. Greenaddress.it has 2 of 2 multisig and they control one, you control one. Without their signature, you won't be able to spend it.


Title: Re: how to lock bitcoin?
Post by: AtheistAKASaneBrain on November 05, 2015, 03:45:46 PM
It would require 2 of 2 multi sig key for full lock or 2 of 3 multi sig key in case you want to spend it suddenly without the limitation. Many services provide limits on spending over a period of time. Greenaddress.it has 2 of 2 multisig and they control one, you control one. Without their signature, you won't be able to spend it.
I think its better to learn to control yourself in order to save money rather than have some forced lock on your wallet. You may eventually be on a situation where you really need the money and you are stuck with a lock for X time. Bitcoin core can allow you to get your stuff encrypted so you need to put your pass everytime you want to spend, this helps.


Title: Re: how to lock bitcoin?
Post by: ranochigo on November 05, 2015, 03:49:23 PM
It would require 2 of 2 multi sig key for full lock or 2 of 3 multi sig key in case you want to spend it suddenly without the limitation. Many services provide limits on spending over a period of time. Greenaddress.it has 2 of 2 multisig and they control one, you control one. Without their signature, you won't be able to spend it.
I think its better to learn to control yourself in order to save money rather than have some forced lock on your wallet. You may eventually be on a situation where you really need the money and you are stuck with a lock for X time. Bitcoin core can allow you to get your stuff encrypted so you need to put your pass everytime you want to spend, this helps.
Unless I understand it wrongly, OP is talking about setting a limit on the frequency of transactions.
where we can save bitcoin, and lock it,?
and is taken once a month

Anyway, if I were to need a spending limit, I would go for a service which has 2 of 3 multisig. That way, I have two key on my side and can withdraw funds without limitation. One of the keys can be placed away from the main key and used only in emergency.


Title: Re: how to lock bitcoin?
Post by: adejavad on November 05, 2015, 05:07:17 PM
I am looking for a wallet, which can lock up my coin, and I picked it up 1 month


Title: Re: how to lock bitcoin?
Post by: Meuh6879 on November 05, 2015, 05:10:27 PM
I am looking for a wallet, which can lock up my coin, and I picked it up 1 month

android bitcoin wallet do this.
PIN locked (NIP) and PASSWORD on backup file.

no problem to save BTC, store this ... and restore the file after a couple of months.


Title: Re: how to lock bitcoin?
Post by: LiteCoinGuy on November 05, 2015, 05:14:07 PM
where we can save bitcoin, and lock it,?
and is taken once a month

a secure hardware wallet:

https://bitcointalk.org/index.php?topic=899253.0


Title: Re: how to lock bitcoin?
Post by: avatar_kiyoshi on November 05, 2015, 05:19:38 PM
I am looking for a wallet, which can lock up my coin, and I picked it up 1 month

https://bitcoin.org/en/secure-your-wallet
use hardware wallet or paper wallet.