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Author Topic: Question about Coinbin Time Locked Address  (Read 432 times)
TryNinja (OP)
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July 14, 2017, 11:31:34 PM
 #1

Hi everyone.

I found this "Time Locked Address" on https://coinb.in/ and wanted to know how am I supposed to spend my funds after the date choosed before the creation of the address.

So, after putting my public key on the first field and selected the date, I get an address to send the coins and a "Redeem Script".

What should I do after that date to be able to get my coins back?

New Time Locked Address on Coinbin: https://coinb.in/#newTimeLocked

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achow101
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July 14, 2017, 11:44:43 PM
 #2

You probably have to use their software to create the spending transaction. An input that spends any coins sent to that address would be of the form
Code:
<sig> <redeemscript>

RealBitcoin
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July 15, 2017, 06:25:09 PM
 #3

Hi everyone.

I found this "Time Locked Address" on https://coinb.in/ and wanted to know how am I supposed to spend my funds after the date choosed before the creation of the address.

So, after putting my public key on the first field and selected the date, I get an address to send the coins and a "Redeem Script".

What should I do after that date to be able to get my coins back?

New Time Locked Address on Coinbin: https://coinb.in/#newTimeLocked

I'd stay away from javascript generated private keys.

There were many instances in the past where javascript had weak random number generation system. I would not risk any money in a javascript based system.

TryNinja (OP)
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July 15, 2017, 09:13:00 PM
 #4

I'd stay away from javascript generated private keys.

There were many instances in the past where javascript had weak random number generation system. I would not risk any money in a javascript based system.
Hm.. didn't knew that.
But I also don't know any other software that allows me to do that.

You probably have to use their software to create the spending transaction. An input that spends any coins sent to that address would be of the form
Code:
<sig> <redeemscript>
Thank you for the reply.
I actually just found this reddit comment[1] teaching how to do that using coinbin. I'm quoting it here for future references.

Quote
First you would paste the redeem script into the field at the top on the new transaction page: https://coinb.in/#newTransaction

Then once you have built a transaction from that page, you can sign it with your private key on the signing page: https://coinb.in/#sign

Finally you would broadcast your transaction: https://coinb.in/#broadcast

[1] https://www.reddit.com/r/Bitcoin/comments/3yoa47/you_can_now_create_op_hodl_address_to_lock_your/cyfczjq/

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