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Author Topic: Using bitaddress.org  (Read 815 times)
FusionOfBitcoin (OP)
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January 14, 2015, 10:40:47 AM
 #1


I've heard about bitaddress.org: is this 100% safe if I download the webpage in html? and then generate it like normal. but how would I withdraw bitcoin at a later date? with importing the private key into bitcoin client?

Using bitaddress.org how would I generate multiple addresses on that website

using bitaddress.org how can I verify that it actually worked? for example when created and address & private key is saved. How would I go about verifying safely that I can withdraw from the wallet? I don't want to send to the address and then find out i have done something wrong and cant withdraw.

thanks for your time.


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January 14, 2015, 11:32:06 AM
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afaik the only easy way to get back your coins is to import the private key into a wallet. Which is very risky if you have a large amount. There are ways of doing offline transactions with just a private key but last time I checked it was quite complicated.

Personally, if I were using such paper wallets I'd use several different services (in case one is flawed), and also split the coin into many different amounts (so that redeeming it is safer).

And then when you do import the private key, do it on some cheap netbook or phone that you only ever used for this one purpose.

You can't easily verify that it "worked" other than importing a private key (in which case you might consider that key to now be compromised...) Best thing, print off some paper wallets, put a small amount on, practise redeeming it, but don't re-use it.

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January 15, 2015, 05:21:12 PM
 #3

afaik the only easy way to get back your coins is to import the private key into a wallet. Which is very risky if you have a large amount. There are ways of doing offline transactions with just a private key but last time I checked it was quite complicated.

Personally, if I were using such paper wallets I'd use several different services (in case one is flawed), and also split the coin into many different amounts (so that redeeming it is safer).

And then when you do import the private key, do it on some cheap netbook or phone that you only ever used for this one purpose.

You can't easily verify that it "worked" other than importing a private key (in which case you might consider that key to now be compromised...) Best thing, print off some paper wallets, put a small amount on, practise redeeming it, but don't re-use it.

You meant to say that if we import a key on any public computer or even on a home computer which we have been using since many years, is it possible that our key may get hacked or stolen? Does Antivirus thing affect it in any means?

xDan
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January 15, 2015, 06:40:14 PM
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You meant to say that if we import a key on any public computer or even on a home computer which we have been using since many years, is it possible that our key may get hacked or stolen? Does Antivirus thing affect it in any means?
Sure it's *possible*, it's hard to tell how likely it is, but the risk is definitely not zero! Antivirus doesn't catch everything!

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Up, up and away with my beautiful, my beautiful Bitcoin~
Simon8x
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January 16, 2015, 03:54:49 PM
 #5

afaik the only easy way to get back your coins is to import the private key into a wallet. Which is very risky if you have a large amount. There are ways of doing offline transactions with just a private key but last time I checked it was quite complicated.

The easiest way IMO is to install Electrum on an offline computer, and just follow the steps in https://electrum.org/tutorials.html#offline-mpk one by one. You will be able to spend the bitcoin in your paper wallet, without importing the private key.

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January 16, 2015, 04:32:59 PM
 #6

afaik the only easy way to get back your coins is to import the private key into a wallet. Which is very risky if you have a large amount. There are ways of doing offline transactions with just a private key but last time I checked it was quite complicated.

The easiest way IMO is to install Electrum on an offline computer, and just follow the steps in https://electrum.org/tutorials.html#offline-mpk one by one. You will be able to spend the bitcoin in your paper wallet, without importing the private key.
+1

yeah, if you have a spare computer this is probably far less likely to go wrong than messing around with private keys.

though, I still wouldn't trust all of my bitcoin to any one single method of storage.

HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
Up, up and away with my beautiful, my beautiful Bitcoin~
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January 17, 2015, 07:30:38 AM
 #7


I've heard about bitaddress.org: is this 100% safe if I download the webpage in html? and then generate it like normal. but how would I withdraw bitcoin at a later date? with importing the private key into bitcoin client?

Using bitaddress.org how would I generate multiple addresses on that website

using bitaddress.org how can I verify that it actually worked? for example when created and address & private key is saved. How would I go about verifying safely that I can withdraw from the wallet? I don't want to send to the address and then find out i have done something wrong and cant withdraw.

thanks for your time.




I did once save the html page and then load it in a offline computer running a live ubuntu or some such.  If done right should be very safe, and it's worth it with large amounts.
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January 17, 2015, 07:55:03 AM
 #8


I've heard about bitaddress.org: is this 100% safe if I download the webpage in html? and then generate it like normal. but how would I withdraw bitcoin at a later date? with importing the private key into bitcoin client?

Yes, it's safe as long as you take the necessary precautions, read a little more on cold-storage so can you understand the concept of making wallets off-line and yes you can import the private key into a bitcoin client such as Bitcoin Core, Armory, electrum etc. when you need to transfer funds.

Using bitaddress.org how would I generate multiple addresses on that website
Use the option "Bulk wallet" where you can define how many addresses you want to be created.

using bitaddress.org how can I verify that it actually worked? for example when created and address & private key is saved. How would I go about verifying safely that I can withdraw from the wallet? I don't want to send to the address and then find out i have done something wrong and cant withdraw.

After you have created an address from bitaddress, import it into any client, if it shows the matching address you can be sure that it is safe to use that address, I have used bitaddress several times but never had any trouble like of mismatched address private key pairing.

You can do the above step while remaining off-line.

 

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