I think they most certainly DO have to tell you why they closed your account:


As they havn't given you 60 days notice, then they must suspect you of providing false information, illegal activity or not being entitled to open the account in the first place (I'm assuming you havn't been violent towards any of their staff recently). So they need to tell you why. If they can't then I would accuse them of being in breech of their own terms and conditions and liable to damages for your loss of trade as a result of having your account closed.

Don't let the bastards get away with this.

Thanks. So you *can* spend Litecoins on actual stuff. That's interesting.

So I know I can spend my Bitcoins on a few things - mainly drugs, dodgy porn, and then a few providers of relatively niche services. It's a start

But what can I spend Litecoins, Feathercoins and whatever other Jonny-come-lately-coins on? Anything?

If you're buying to spend, then now's as good a time as any. If you're buying to invest then essentially you're gambling and no one really knows whether the price will go up or go down. You'd be gutted if you didn't buy and in a few months they were at $200+ again. You'd also be gutted if you did buy and next week they were at $50. Both those scenarios are as likely as the other really.

I've used MultiBit as an example but to be honest I'd be interested in knowing how the different wallets handle it differently.


Ah OK, that makes sense - thanks. So am I right in assuming that irrespective of what choice the wallet makes, in terms of my example above it takes the entire balance from all the addresses in the wallet, and then puts the change either in a new address or one of the existing ones? So every time you send some bitcoins, all the remaining coins from various addresses in that wallet end up in one address?

I'm sure this has been asked before... but this is the newbie forum right? Can someone explain to me how change addresses work?

So lets say I have a wallet in multibit with 5 addresses and 1 BTC has been sent to each address. An address is one key pair right, so essentially each of the private keys has 1 BTC... I think?

So now I send someone 3.5 BTC. What happens? Am I left with one address with 1 BTC and another address with 0.5 BTC, if so how does Multibit decide what addresses to take the coins from? Or am I left with one address with 1.5 BTC and all the others empty, if so how does multibit decide which address is the "change address"?

Hullo. Long-time lurker, recent signer-upper here.