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Author Topic: Wallet questions  (Read 275 times)
LordD2 (OP)
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December 01, 2017, 06:56:45 PM
 #1

I've just started learning about crypto currencies and need a little help with wallets. Read the wallet general info section on here and helped with a lot, but still have questions. Initially getting into this I got steered toward bitcoin.com. I download their wallet on both my PC and smartphone, but reading more, i don't think I want to use them and will try one of the others recommended in the general info thread. I have not purchased any bitcoins yet. Do I just delete the bitcoin wallet and it's gone and don't have to worry about? Or does the wallet still exist for people to send money to even if I delete the program to access them?
AdolfinWolf
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December 01, 2017, 07:11:00 PM
 #2

I've just started learning about crypto currencies and need a little help with wallets. Read the wallet general info section on here and helped with a lot, but still have questions. Initially getting into this I got steered toward bitcoin.com. I download their wallet on both my PC and smartphone, but reading more, i don't think I want to use them and will try one of the others recommended in the general info thread. I have not purchased any bitcoins yet. Do I just delete the bitcoin wallet and it's gone and don't have to worry about? Or does the wallet still exist for people to send money to even if I delete the program to access them?


Well, yes, the wallet itself ( adresses + private keys ) will still exist, and if people have the right adress, they can still send money to it. ( which will then ofcourse be lost if there's no private key associated/known anymore.)

My question is, why do you worry about it?

Using another wallet would simply mean that you will get a different set of private keys + adresses, ( unless you import your old wallet).

harizen
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December 01, 2017, 07:16:03 PM
 #3

I've just started learning about crypto currencies and need a little help with wallets. Read the wallet general info section on here and helped with a lot, but still have questions. Initially getting into this I got steered toward bitcoin.com. I download their wallet on both my PC and smartphone, but reading more, i don't think I want to use them and will try one of the others recommended in the general info thread. I have not purchased any bitcoins yet. Do I just delete the bitcoin wallet and it's gone and don't have to worry about? Or does the wallet still exist for people to send money to even if I delete the program to access them?


If you just used them for testing and checking purposes, without any balance at all, and don't want to used it anymore then it's fine if you will get rid of them and use another wallet instead. Just remember that don't used all associated address there and it was an obvious thing to do.

Anyways what is that "recommended" wallet in the general information you have read?

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LordD2 (OP)
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December 01, 2017, 07:52:22 PM
 #4

I've just started learning about crypto currencies and need a little help with wallets. Read the wallet general info section on here and helped with a lot, but still have questions. Initially getting into this I got steered toward bitcoin.com. I download their wallet on both my PC and smartphone, but reading more, i don't think I want to use them and will try one of the others recommended in the general info thread. I have not purchased any bitcoins yet. Do I just delete the bitcoin wallet and it's gone and don't have to worry about? Or does the wallet still exist for people to send money to even if I delete the program to access them?


Well, yes, the wallet itself ( adresses + private keys ) will still exist, and if people have the right adress, they can still send money to it. ( which will then ofcourse be lost if there's no private key associated/known anymore.)

My question is, why do you worry about it?

Using another wallet would simply mean that you will get a different set of private keys + adresses, ( unless you import your old wallet).

Which shouldn't be an issue if I haven't made any transactions right?
LordD2 (OP)
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December 01, 2017, 08:05:24 PM
 #5

I've just started learning about crypto currencies and need a little help with wallets. Read the wallet general info section on here and helped with a lot, but still have questions. Initially getting into this I got steered toward bitcoin.com. I download their wallet on both my PC and smartphone, but reading more, i don't think I want to use them and will try one of the others recommended in the general info thread. I have not purchased any bitcoins yet. Do I just delete the bitcoin wallet and it's gone and don't have to worry about? Or does the wallet still exist for people to send money to even if I delete the program to access them?


If you just used them for testing and checking purposes, without any balance at all, and don't want to used it anymore then it's fine if you will get rid of them and use another wallet instead. Just remember that don't used all associated address there and it was an obvious thing to do.

Anyways what is that "recommended" wallet in the general information you have read?

Was looking at Copay. I want something that would treated similar to a normal bank account where I can access the same info from multiple devices (smartphone, PC), but maybe you it can't be thought of that way.
MR2O4
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December 01, 2017, 08:44:05 PM
 #6

There are two ways of doing what you want:
  • Use an online service such as Coinbase, or Blockchain.info. The downside is that you don't hold your private keys, so it is less secure, but easy to use.
  • With Copay you can create a wallet on one device, then import it onto another device - so you can access it from multiple devices.

LordD2 (OP)
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December 02, 2017, 01:55:18 AM
 #7

Okay. So i went with the Copay wallet, linked it to coinbase to buy BTC and bought some BTC. Gonna take a few days it looks like, but next question is it supposed to automatically show up in the Copay wallet when it gets confirmed?
AdolfinWolf
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December 02, 2017, 11:59:32 AM
 #8

Okay. So i went with the Copay wallet, linked it to coinbase to buy BTC and bought some BTC. Gonna take a few days it looks like, but next question is it supposed to automatically show up in the Copay wallet when it gets confirmed?

In most wallets it will show up even if it is unconfirmed. ( As unconfirmed ofcourse Roll Eyes) What exactly did you do in coinbase? You used the copay receiving adress as withdraw adress?


If that's the case, everything should be fine. If you want to check if you actually received anything on your CoPay adress, you should/could use a 3rd party such as https://blockchain.info, if you think copay is bugging/not working.

LordD2 (OP)
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December 02, 2017, 03:36:16 PM
Last edit: December 02, 2017, 04:42:55 PM by LordD2
 #9

Okay. So i went with the Copay wallet, linked it to coinbase to buy BTC and bought some BTC. Gonna take a few days it looks like, but next question is it supposed to automatically show up in the Copay wallet when it gets confirmed?

In most wallets it will show up even if it is unconfirmed. ( As unconfirmed ofcourse Roll Eyes) What exactly did you do in coinbase? You used the copay receiving adress as withdraw adress?


If that's the case, everything should be fine. If you want to check if you actually received anything on your CoPay adress, you should/could use a 3rd party such as https://blockchain.info, if you think copay is bugging/not working.

Downloaded Copay wallet on to my PC then linked it to Coinbase. Purchased BTC through Coinbase website which said the transaction will arrive in 7 days. Transaction shows in my account as going to my wallet, but I didn't get the coinbase wallet. I got the Copay one. So I guess the question is where are the Bitcoins really gonna go?
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