Bitcoin Forum
July 03, 2024, 07:53:09 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Newbie qestion about wallets  (Read 1051 times)
bieberluvr (OP)
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile WWW
November 27, 2015, 08:33:19 AM
 #21

thats exactly what im asking...   how do I make MY bitcoins MIne, permanently unless I spend it?
bieberluvr (OP)
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile WWW
November 27, 2015, 08:34:27 AM
 #22

Is blockchain.info secure enough to store long term?  Id like a link on how to create a paper wallet...

you can learning paper wallet at here
https://blockchain.info/wallet/paper-tutorial
use https://www.bitaddress.org/ "the highest trusted site" to create new paper wallet

Thanks bro, much appreciated.
ranochigo
Legendary
*
Offline Offline

Activity: 2982
Merit: 4193



View Profile
November 27, 2015, 08:36:30 AM
 #23

thats exactly what im asking...   how do I make MY bitcoins MIne, permanently unless I spend it?
Without private key, no one can spend it hence, Bitaddress.org or Electrum (paper wallet or desktop clients). Shared wallets do not allow users to control their private key or have knowledge of the private key and is hence unsecure.

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
█░░░░░░█░░░░░░█
▀███▀░░▀███▀░░▀███▀
▀░▀░░░░▀░▀░░░░▀░▀
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░█░░░███▄█░░░
░░██▌░░███░▀░░██▌
░█░██░░███░░░█░██
░█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
Loimu
Full Member
***
Offline Offline

Activity: 210
Merit: 100


View Profile
November 27, 2015, 08:40:50 AM
 #24

thats exactly what im asking...   how do I make MY bitcoins MIne, permanently unless I spend it?

By storing your own keys. Please try to understand this; blockchain.info is online service. If you open wallet with them, your wallets private key is on their servers. They own your key, they own your coin. You just have password which you can use to move those coins. You have the right to move them around - to use them, but you do not have the private keys solely with you. Blockchain.info has it. In this situation, if blockchain.info decided to close the site, take the coins and run, they could do it. If blockchain.infos servers get destroyed completely in World War 3 for example your coins are gone too.

So how you can make your coins your? Store them yourself. Use desktop wallet, where YOU have your own private keys, not anyone else. One of the best desktop wallets where you do not need to download the whole blockchain is Electrum. I use it myself and can definitely recommend. Cold, offline wallet is even better and I would recommend that for any bigger amounts or if you simply know you are going to hold, not spend. Paper wallet is secure enough if done correctly but there is also hardware wallets like Trezor, which allows you to also spend your coins from 'offline' wallet quite easily.

Look these things up, read and learn! Bitcoins basics are essentially very easy to understand when you get the grip of it.

bieberluvr (OP)
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile WWW
November 27, 2015, 08:41:05 AM
 #25

thats exactly what im asking...   how do I make MY bitcoins MIne, permanently unless I spend it?
Without private key, no one can spend it hence, Bitaddress.org or Electrum (paper wallet or desktop clients). Shared wallets do not allow users to control their private key or have knowledge of the private key and is hence unsecure.

Im liking what I hear about electrum...  Thanks guys, very helpful
foxkyu
Hero Member
*****
Offline Offline

Activity: 938
Merit: 1000


View Profile
November 27, 2015, 10:35:44 AM
 #26

Is blockchain.info secure enough to store long term?  Id like a link on how to create a paper wallet...
Nope. Do not store big amonut of bitcoin or for long term in web wallet.

For long term, you can choose between paper wallet, or hardware wallet.

Check out here https://bitcoin.org/en/choose-your-wallet
SebastianJu
Legendary
*
Offline Offline

Activity: 2674
Merit: 1082


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
November 29, 2015, 09:47:30 PM
 #27

Is blockchain.info secure enough to store long term?  Id like a link on how to create a paper wallet...

I would not suggest them since you often hear of stupid things they do so that one gets the impression they are unable to code. Which is a prerequisit to be trustworthy.

Better use something like electrum portable. Backup your wallet files completely (if you don't use portable version you need to backup the wallet file too) on a second harddrive and in an encrypted truecrypt volume in the cloud. Additionally back up the seed mnemonic. Then your coins should be safe.

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!