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Author Topic: What to do with a 58 character private key?  (Read 1438 times)
FreeTrade
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November 23, 2011, 09:56:06 AM
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I've generated a large number of bitcoin addresses and private keys - I can receive money at the bitcoin addresses easily enough, but what's the easiest way to spend that money?

Basically, I've just got the 58 character private keys - what software can I easily import that into to aggregate the funds? What's the easiest way to do that? Thanks!

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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November 23, 2011, 10:08:10 AM
 #2

I've generated a large number of bitcoin addresses and private keys - I can receive money at the bitcoin addresses easily enough, but what's the easiest way to spend that money?

Basically, I've just got the 58 character private keys - what software can I easily import that into to aggregate the funds? What's the easiest way to do that? Thanks!

I've been doing this myself. The only way I know is to import into MtGox with the website (not the app). I sure would like a smartphone app to do this.

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November 23, 2011, 11:15:53 AM
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Use pywallet, and import the private keys into a Bitcoin 0.3.24 install and spend them.

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November 23, 2011, 11:44:04 AM
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I've been doing this myself. The only way I know is to import into MtGox with the website (not the app). I sure would like a smartphone app to do this.

Thanks - the MtGox method works nicely for what I need for the time being.

The internet is freedom to communicate without permission. Crypto is freedom to trade without permission.

HODLCoin ANN - Interest rate 0.000015% per block for every balance. Term Deposit Rate 2500% - http://hodlcoin.com/
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November 23, 2011, 01:35:13 PM
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Unfortunately, once you put the private key into mtgox, it will always have any funds sent to it instantly scraped and added to your mtgox account, you won't be able to use that address again for anything else.

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December 14, 2011, 01:44:08 AM
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If you trust it (which I do, although not enough to actually use it!... I'm paranoid), you can use casascius's

https://bitcointools.appspot.com/

to just get a wallet.dat file with that address, and use the "-rescan" command when running a bitcoin client.

casascius
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December 14, 2011, 01:54:45 AM
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That app is not by me, just for the record.

Personally I use a patched bitcoind for redeeming private keys, but that is definitely not simple. Hoping Gavin and developers will see fit to add this function to the mainline soon.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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