|
Title: Savings Wallet - Explain it like I'm 5! Post by: Ratters on June 12, 2014, 03:57:27 PM Hi all,
I know this has been covered before but now I’m info-blind!! Please could you explain it like I’m 5! I use multibit on Win 7. I would like to create a cold storage address to withdraw my daily trading profits. This wallet needs to be offline and I need to regularly send BTC to it. One day I would obviously like to be able to access the BTC. I know its simple stuff but I've been blinded by Cold Storage, Paper Wallet & Private key. What in your experience would be the easiest method of achieving this? Thanks in advance. Rgds Ratters Title: Re: Savings Wallet - Explain it like I'm 5! Post by: whtchocla7e on June 12, 2014, 03:59:52 PM You're 5, I can change your diaper but I doubt you have much use for a bitcoin wallet.
Title: Re: Savings Wallet - Explain it like I'm 5! Post by: Ratters on June 12, 2014, 04:03:50 PM Helpfull, Thanks ;)
Think what my savings will be worth when i'm 10! No, seriously these wallets will be for my kids when they are old enough. Title: Re: Savings Wallet - Explain it like I'm 5! Post by: Newar on June 12, 2014, 04:31:13 PM Google will know plenty of guides. Here's one: http://bitcoinpete.com/2014/03/14/on-making-high-entropy-bitcoin-paper-wallets/ Title: Re: Savings Wallet - Explain it like I'm 5! Post by: justusranvier on June 12, 2014, 04:50:12 PM What in your experience would be the easiest method of achieving this? Just use Armory.Title: Re: Savings Wallet - Explain it like I'm 5! Post by: Ashbite on June 12, 2014, 05:17:51 PM There are plenty of tutorials on the internet: just throw a search on youtube: "how to store bitcoin in cold storage".
Well people gave you plenty of options, find one yourself :) Title: Re: Savings Wallet - Explain it like I'm 5! Post by: zahra4571 on June 12, 2014, 07:47:11 PM Here is a method from this forum https://bitcointalk.org/index.php?topic=235584.0 (https://bitcointalk.org/index.php?topic=235584.0) Hope it will help you
Title: Re: Savings Wallet - Explain it like I'm 5! Post by: Ratters on June 13, 2014, 12:38:26 AM Thank you, I didn't know if you could top up a cold storage wallet or not.
If it's simple cold storage I need then I can do that Thanks Rgds Ratters Title: Re: Savings Wallet - Explain it like I'm 5! Post by: jonald_fyookball on June 13, 2014, 05:30:48 AM Electrum. Find an permanently offline computer, install with USB. You'll get your addresses.
Save the seed somewhere safe. Send funds to your one of your addresses. You can either create watch only install or simply view balance on blockchwwin.info. Title: Re: Savings Wallet - Explain it like I'm 5! Post by: monsterbitty on June 13, 2014, 10:09:47 PM Here is a method from this forum https://bitcointalk.org/index.php?topic=235584.0 (https://bitcointalk.org/index.php?topic=235584.0) Hope it will help you This tutorial will definetly help you out. +1 to this. |