Bitcoin Forum

Bitcoin => Armory => Topic started by: OTK47 on May 31, 2014, 11:38:28 AM



Title: Cold storage process
Post by: OTK47 on May 31, 2014, 11:38:28 AM
Hi so I transferred my coins into cold storage a while ago using armory. I just bought a whole load more bitcoins so I want to get some confirmation that I have done everything right. I installed ubuntu onto a usb, then booted off the usb. In ubuntu I connected to the internet 1 time and installed armory offline, then disconnected from the internet completely. I created an offline wallet and generated a paper backup. I wrote down my password and all the information on the paper wallet on 3 separate pieces of paper and stored these safely in different locations. This backs up all the addresses that I will ever generate in this wallet right? So I now generated a few addresses over time and have sent bitcoins to them. Everything is safe now right and I can keep generating new addresses within this wallet and sending coins to them and everything will be backed up safely?

I created a watch only copy a while ago and imported to an online computer. It all worked okay and I have sent coins by signing from the offline wallet, but I recently created a new address in the offline wallet and sent coins there. When I have my laptop back up and running again will it automatically show these bitcoins in my watch only wallet, or do I have to import a watch only file again from the offline wallet?

Thanks and sorry if these are obvious questions. I'm quite sure I have done it correctly but would like some clarification for peace of mind.


Title: Re: Cold storage process
Post by: TimS on June 01, 2014, 08:46:51 PM
All sounds good to me!


Title: Re: Cold storage process
Post by: cp1 on June 01, 2014, 08:51:33 PM
You don't generate receive addresses from your offline wallet, you do that from the watching only copy.  You only need to use your offline wallet to sign transactions.


Title: Re: Cold storage process
Post by: OTK47 on June 01, 2014, 10:25:08 PM
Okay thanks. Okay I will generate addresses from watch only in the future. But I did generate an address in the offline wallet and sent bitcoins there. Will this address show up when I get access to my watch only wallet? Or do I need to import another copy from the offline wallet?


Title: Re: Cold storage process
Post by: cp1 on June 01, 2014, 11:52:56 PM
It should be there as well, there's no reason it wouldn't.


Title: Re: Cold storage process
Post by: OTK47 on June 02, 2014, 08:29:09 AM
Thanks for the help.