Bitcoin Forum
May 05, 2024, 01:55:21 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Other / Beginners & Help / Re: my simple way to store bitcoin - is it any good on: November 07, 2020, 07:57:45 PM
ok, thanks for help.

so i think i get it now.

use electrum to create 12 words
use electrum to copy a bitcoin address to text file on usb

go to exchange, send bitcoin to that text address, (not to any online type wallet)

then get a 'watch-only' wallet, enter the address and see if bitcoins are there

and never enter the 12 words on any wallet that goes online..
2  Other / Beginners & Help / Re: my simple way to store bitcoin - is it any good on: November 07, 2020, 07:40:05 PM
thank you for replies.

so what does it mean "as long as you don't broadcast what it is for"

so are you saying, the seed words created in a coinbase wallet are not secure

and if i use electrum wallet to create the 12 words,
how do i get my funds into the seed words without going online
do i use the coinbase wallet with the electrum seed words?
3  Other / Beginners & Help / my simple way to store bitcoin - is it any good on: November 07, 2020, 07:13:56 PM
hi, i'm new, no experience, i'm buying bitcoin on exchanges

i want to cold store without using hardware wallet.
(i've tried keepkey and it is too complicated for me)

my idea is to use, say a coinbase wallet,
keep 12 words safe & not upload backup to cloud
then transfer all my bitcoins from exchanges to wallet
then delete the wallet

then all i need to do is keep my 12 words safe for many years on metal plate
i tested by opening another different wallet  (bitcoin.com),
then, using these words, all my bitcoins appeared
is this safe to do and still work again in say 10 years



Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!