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If I transfer BTC from an exchange to my wallet which is on an offline computer, what happens? I will bring it back up in a week but what happens to the BTC, do they not send or stay still? Thanks.
They still transfer. All you need is a wallet.dat  Don't lose it. You'll lose your wallet if your "wallet.dat" gets deleted. Is it a solution to copy wallet.dat than save it somewhere in the cloud? (like GDrive, or DropBox?) Thx! Yes it is. But the wallet.dat should be encrypted! Anyone who has access to unencrypted wallet.dat (or is able to decrypt it) have access to your bitcoins in that wallet. You can encrypt it in the bitcoin program or you can encrypt it independently (or both). Do not loose/forget the password! What you can do is use TrueCrypt coupled with DropBox and encrypt it on bitcoin-qt. |
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I haven't sent them yet as I don't have access to that computer
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If I transfer BTC from an exchange to my wallet which is on an offline computer, what happens? I will bring it back up in a week but what happens to the BTC, do they not send or stay still? Thanks.
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I am interested in playing the stock markets. I'm also fed up with our current banking system. The anonymity of the system is appealing too.
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No I'm not using the debit card. I was just wondering what was the most cost effective and simple route to getting money from my bank to a bitcoin wallet.
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It's a legit exchange that's been around to support Second Life.
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Which can be difficult at times because they ask for proof of residency and don't accept black and white when that's the only proof I have access to.
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As with most things, economies of scales apply, so if you add more in bulk rather than little transactions, you pay lower fees. Also in the case of the Virwox they have an account duration reward system, by this I mean that on day1 you can only withdraw 75$, then after 10 days that increases to 130$ and so on. Also should point out that you shouldn't leave money sitting in an online exchange like Vircurex because they can (and are) get hacked, so store them in a wallet on your desktop or elsewhere, I'm sure there are others who know more on the subject than I.
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Thanks for the advice. I was just wondering on what the most cost effective way of converting money to BTC is without leaving your computer, since in the UK I am unsure (please correct me here) that it is possible to deposit cash in a physical location and convert it to BTC direct.
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Has anyone used OKPay before? Getting verified by them seems like a lengthy process. What I'm interested in knowing is how trustworthy they are as a service and if they are better for transferring money to an exchange than say do a direct bank transfer.
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The irony of this for me was that tonight I was going to transfer my coins to my wallet. Guess the hackers beat me to it. Hopefully all is well, not the first time Vircurex has gone down.
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