Bitcoin Forum

Bitcoin => Bitcoin Technical Support => Topic started by: gondel on June 14, 2014, 09:49:39 AM



Title: Question about paper wallets
Post by: gondel on June 14, 2014, 09:49:39 AM
Hello,
I hearth that the paper wallet is the safest way to protect your coins. Can someone teach me how to put some of my coins into paper wallet without loosing any? I want instructions step by step if it is possible :)
Thank you very much in advance!
BR
Gondel


Title: Re: Question about paper wallets
Post by: Newar on June 14, 2014, 09:57:38 AM
http://bitcoinpete.com/2014/03/14/on-making-high-entropy-bitcoin-paper-wallets/
http://localbitcoins.blogspot.com/2012/11/start-your-own-money-press.html?m=1
http://www.coindesk.com/information/paper-wallet-tutorial/

In the end a paper wallet will have one or several bitcoin addresses on it. Just send to those addresses like you normally would and you won't lose any.


Title: Re: Question about paper wallets
Post by: gondel on June 14, 2014, 10:18:33 AM
http://bitcoinpete.com/2014/03/14/on-making-high-entropy-bitcoin-paper-wallets/
http://localbitcoins.blogspot.com/2012/11/start-your-own-money-press.html?m=1
http://www.coindesk.com/information/paper-wallet-tutorial/

In the end a paper wallet will have one or several bitcoin addresses on it. Just send to those addresses like you normally would and you won't lose any.
Hey,
Thanks for the quick response! I didnt understand do I have to pay fees for the transactions if I make like 20 paper wallets with different amount of BTC in them?
Thanks!


Title: Re: Question about paper wallets
Post by: Newar on June 14, 2014, 10:30:45 AM

Yes, every transaction from one address to another is subject to the fee calculation. In general if you change the fee manually to a lower value, the less likely it will be picked up by a miner and included in a blok.


https://en.bitcoin.it/wiki/Transaction_fees


Title: Re: Question about paper wallets
Post by: gondel on June 14, 2014, 10:47:57 AM

Yes, every transaction from one address to another is subject to the fee calculation. In general if you change the fee manually to a lower value, the less likely it will be picked up by a miner and included in a blok.


https://en.bitcoin.it/wiki/Transaction_fees
Hi,
Is it possible to change the transaction fee in Multibit wallet and how i can do that. It always taking me a transaction fee about 6 cents per transaction9 it seems that it doesent matter what amount of cash i am paying)
BR
Gondel


Title: Re: Question about paper wallets
Post by: paythrough_team on June 14, 2014, 10:48:51 AM
Paper wallet very convenient


Title: Re: Question about paper wallets
Post by: Newar on June 14, 2014, 11:03:34 AM
Hi,
Is it possible to change the transaction fee in Multibit wallet and how i can do that. It always taking me a transaction fee about 6 cents per transaction9 it seems that it doesent matter what amount of cash i am paying)
BR
Gondel

Looks like you can.

http://i1-mac.softpedia-static.com/screenshots/MultiBit_3.png


Title: Re: Question about paper wallets
Post by: gondel on June 14, 2014, 12:39:18 PM
Hi,
Is it possible to change the transaction fee in Multibit wallet and how i can do that. It always taking me a transaction fee about 6 cents per transaction9 it seems that it doesent matter what amount of cash i am paying)
BR
Gondel

Looks like you can.

http://i1-mac.softpedia-static.com/screenshots/MultiBit_3.png

Thank you very much!
It this version of Multibit newer then mine? Because i dont have such option in my wallet..An also whatdo you mean with that it going to be picked by a miner?
Thanks!


Title: Re: Question about paper wallets
Post by: Light on June 14, 2014, 12:56:35 PM
Thank you very much!
It this version of Multibit newer then mine? Because i dont have such option in my wallet..An also whatdo you mean with that it going to be picked by a miner?
Thanks!

The fee is a function of the size of the transaction in kB and not in how much you are spending. So you can't really move the fee below its minimum of 0.0001 per kB unless you are trying for a feeless transaction that will take you a while to get through if at all. Anything lower than the minimum is effectively a feeless transaction.