Does Armory need to be running to receive coins?

[draeh]

Hello all.

I've got a full node running using bitcoind. I've let Armory run and index the blockchain. I've created my wallet and even had coins transferred to it. The coins have arrived and are confirmed.

I'm leaving the bitcoin node up all the time, but I don't always stay logged into the gui on this machine. Do I need to have an instance of Armory running to receive coins in the wallet?

Please help me to understand when it is okay to not have it running.

Also, is there a way I can take the private key for the wallet off the machine. I assume I only need the private key when wanting to send the coins. If I am wrong, please point me to some a good wiki or documentation that explains how transactions are handled.

Thanks in advance for all the help.

[Holliday]

Armory does not need to be running to receive bitcoins. Once you have a receive address, coins can be sent to it at any point in time. You really should learn how Bitcoin works before using Armory. These are very basic block chain concepts.

Armory's main feature is offline transaction signing. This allows you to create transactions with an online wallet (contains no private keys) and sign it with your offline wallet (air gapped PC with private keys). Again, these are things you should be very comfortable with before proceeding.

There are many places you can go to learn about Bitcoin and Armory. This forum itself can be a useful resource. Use the search function.

https://en.bitcoin.it/wiki/Main_Page
https://bitcoin.org/en/
https://btcarmory.com/

[jojo69]

It is important to understand that your coins do not actually reside in your wallet, they exist on the decentralized ledger we call the blockchain, that is the point.

I would echo Holliday's concern that you learn some more about how this all works before messing around with an amount of wealth in bitcoin that is significant to you.