I downloaded the bitcoin core wallet, what now?

[ranochigo]

I have the same issue.. it takes sometime to sync...I just leave my laptop,  for it  to sync, I haven't check it yet if it had already sync its time.. I installed it just the other day,.. 

they said that its a good wallet and a secure one too...

You need a lot of space in your computer. At present, it needs 56GB harddisk space in my PC. The requirement will rise fast next year when bitcoin becomes popular.

ouch... I uninstalled it already,.. can't use it if it consume that space in my hardisk plus the time that it will eat up my internet speed while it sync its time... just stopped it and use my coins.ph wallet.. 

What is a coin.ph wallet? Does that wallet need to sync with the network like the bitcoin core node?

Something like CoinBase I guess https://coins.ph/.
I don't think they allow the signing of message using their address though, or controling your private key. Electrum takes up very little space.

[FruitsBasket]

I have the same issue.. it takes sometime to sync...I just leave my laptop,  for it  to sync, I haven't check it yet if it had already sync its time.. I installed it just the other day,.. 

they said that its a good wallet and a secure one too...

You need a lot of space in your computer. At present, it needs 56GB harddisk space in my PC. The requirement will rise fast next year when bitcoin becomes popular.

ouch... I uninstalled it already,.. can't use it if it consume that space in my hardisk plus the time that it will eat up my internet speed while it sync its time... just stopped it and use my coins.ph wallet.. 

What is a coin.ph wallet? Does that wallet need to sync with the network like the bitcoin core node?

Something like CoinBase I guess https://coins.ph/.
I don't think they allow the signing of message using their address though, or controling your private key. Electrum takes up very little space.

So it is kind of a fake wallet if they won't give me the private key of an address i create.
I will download electrum, thanks for support everyone!

[mexicantarget]

I have my bitcoin currently at my blockchain wallet, I want to store them at my computer.
What are the things I need to do before I send my funds to my wallet?

Also, my wallet says 6 years and 43 weeks behind...

I think you should use a lite wallet, such as Electrum, which doesn't have to download the entire chain into your HDD.
All you need to do is make sure you've copied the right address from your receiving wallet, and send your funds there.
Encrypt your wallet, so you have an extra layer of security.

[ranochigo]

I have the same issue.. it takes sometime to sync...I just leave my laptop,  for it  to sync, I haven't check it yet if it had already sync its time.. I installed it just the other day,.. 

they said that its a good wallet and a secure one too...

You need a lot of space in your computer. At present, it needs 56GB harddisk space in my PC. The requirement will rise fast next year when bitcoin becomes popular.

ouch... I uninstalled it already,.. can't use it if it consume that space in my hardisk plus the time that it will eat up my internet speed while it sync its time... just stopped it and use my coins.ph wallet.. 

What is a coin.ph wallet? Does that wallet need to sync with the network like the bitcoin core node?

Something like CoinBase I guess https://coins.ph/.
I don't think they allow the signing of message using their address though, or controling your private key. Electrum takes up very little space.

So it is kind of a fake wallet if they won't give me the private key of an address i create.
I will download electrum, thanks for support everyone!

Its a shared wallet. Services like those do not give private key as they do not want the user to move the funds without their authorization. At least that's what gambling sites and exchanges wants to achieve.

Good luck with Electrum. Don't forget to backup your 12 word seed!

[FruitsBasket]

I have the same issue.. it takes sometime to sync...I just leave my laptop,  for it  to sync, I haven't check it yet if it had already sync its time.. I installed it just the other day,.. 

they said that its a good wallet and a secure one too...

You need a lot of space in your computer. At present, it needs 56GB harddisk space in my PC. The requirement will rise fast next year when bitcoin becomes popular.

ouch... I uninstalled it already,.. can't use it if it consume that space in my hardisk plus the time that it will eat up my internet speed while it sync its time... just stopped it and use my coins.ph wallet.. 

What is a coin.ph wallet? Does that wallet need to sync with the network like the bitcoin core node?

Something like CoinBase I guess https://coins.ph/.
I don't think they allow the signing of message using their address though, or controling your private key. Electrum takes up very little space.

So it is kind of a fake wallet if they won't give me the private key of an address i create.
I will download electrum, thanks for support everyone!

Its a shared wallet. Services like those do not give private key as they do not want the user to move the funds without their authorization. At least that's what gambling sites and exchanges wants to achieve.

Good luck with Electrum. Don't forget to backup your 12 word seed!

Is that similar to the password phrase I get when creating a new wallet with blockchain.info?

[ranochigo]

I have the same issue.. it takes sometime to sync...I just leave my laptop,  for it  to sync, I haven't check it yet if it had already sync its time.. I installed it just the other day,.. 

they said that its a good wallet and a secure one too...

You need a lot of space in your computer. At present, it needs 56GB harddisk space in my PC. The requirement will rise fast next year when bitcoin becomes popular.

ouch... I uninstalled it already,.. can't use it if it consume that space in my hardisk plus the time that it will eat up my internet speed while it sync its time... just stopped it and use my coins.ph wallet.. 

What is a coin.ph wallet? Does that wallet need to sync with the network like the bitcoin core node?

Something like CoinBase I guess https://coins.ph/.
I don't think they allow the signing of message using their address though, or controling your private key. Electrum takes up very little space.

So it is kind of a fake wallet if they won't give me the private key of an address i create.
I will download electrum, thanks for support everyone!

Its a shared wallet. Services like those do not give private key as they do not want the user to move the funds without their authorization. At least that's what gambling sites and exchanges wants to achieve.

Good luck with Electrum. Don't forget to backup your 12 word seed!

Is that similar to the password phrase I get when creating a new wallet with blockchain.info?

No. I don't think they use BIP32 HD seeds. The seed Electrum gives is the key to all the address that is going to be generated there. If you don't keep a backup, you can lose all your addresses if you have a hard drive failure for example. The wallet can recover all the addresses generated just by using the seed.

[FruitsBasket]

I have the same issue.. it takes sometime to sync...I just leave my laptop,  for it  to sync, I haven't check it yet if it had already sync its time.. I installed it just the other day,.. 

they said that its a good wallet and a secure one too...

You need a lot of space in your computer. At present, it needs 56GB harddisk space in my PC. The requirement will rise fast next year when bitcoin becomes popular.

ouch... I uninstalled it already,.. can't use it if it consume that space in my hardisk plus the time that it will eat up my internet speed while it sync its time... just stopped it and use my coins.ph wallet.. 

What is a coin.ph wallet? Does that wallet need to sync with the network like the bitcoin core node?

Something like CoinBase I guess https://coins.ph/.
I don't think they allow the signing of message using their address though, or controling your private key. Electrum takes up very little space.

So it is kind of a fake wallet if they won't give me the private key of an address i create.
I will download electrum, thanks for support everyone!

Its a shared wallet. Services like those do not give private key as they do not want the user to move the funds without their authorization. At least that's what gambling sites and exchanges wants to achieve.

Good luck with Electrum. Don't forget to backup your 12 word seed!

Is that similar to the password phrase I get when creating a new wallet with blockchain.info?

No. I don't think they use BIP32 HD seeds. The seed Electrum gives is the key to all the address that is going to be generated there. If you don't keep a backup, you can lose all your addresses if you have a hard drive failure for example. The wallet can recover all the addresses generated just by using the seed.

So that password phrase is kind of an private key? Or will I also get a private key and the "seed"?

[ranochigo]

-snip-
So that password phrase is kind of an private key? Or will I also get a private key and the "seed"?

The seed is a kind of private key but it isn't a private key. Simply said, the private keys are all generated from the seed and is hence deterministic.

You can extract the private key too. Seed is just a method that BIP32 uses to generate private keys that are determined. Clients like Bitcoin Core generate change addresses randomly and hence requires regular backup.

[zodiac3011]

You have to sync your wallet before being able to use it! and That's a long process I have to say. I suggest you should download the blockchain to your PC and fasten the syncing process blockchain is somewwhere around 21GB

[ranochigo]

You have to sync your wallet before being able to use it! and That's a long process I have to say.

It takes hours to synchronize a wallet on a newer computer.

I suggest you should download the blockchain to your PC and fasten the syncing process

Downloading bootstrap.dat is actually slower since the client still needs to verify it and can't do it simultaneously while it is downloading. Bitcoin Core already acts like a torrent from V0.10.0.

blockchain is somewwhere around 21GB

Blockchain is ~55GB as of now.



Thank god Yobit have a 20 post limitation

[zodiac3011]

You have to sync your wallet before being able to use it! and That's a long process I have to say.

It takes hours to synchronize a wallet on a newer computer.

I suggest you should download the blockchain to your PC and fasten the syncing process

Downloading bootstrap.dat is actually slower since the client still needs to verify it and can't do it simultaneously while it is downloading. Bitcoin Core already acts like a torrent from V0.10.0.

blockchain is somewwhere around 21GB

Blockchain is ~55GB as of now.



Thank god Yobit have a 20 post limitation

well acutally I didn't mean to abuse it because I don't use bitcoincore for a while so I just estimate the size of blockchain only