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Savings Wallet - Explain it like I'm 5!
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Topic: Savings Wallet - Explain it like I'm 5! (Read 845 times)
Ratters
(OP)
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Savings Wallet - Explain it like I'm 5!
June 12, 2014, 03:57:27 PM
#1
Hi all,
I know this has been covered before but now I’m info-blind!!
Please could you explain it like I’m 5!
I use multibit on Win 7.
I would like to create a cold storage address to withdraw my daily trading profits.
This wallet needs to be offline and I need to regularly send BTC to it.
One day I would obviously like to be able to access the BTC.
I know its simple stuff but I've been blinded by Cold Storage, Paper Wallet & Private key.
What in your experience would be the easiest method of achieving this?
Thanks in advance.
Rgds
Ratters
whtchocla7e
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Worlds Simplest Cryptocurrency Wallet
Re: Savings Wallet - Explain it like I'm 5!
June 12, 2014, 03:59:52 PM
#2
You're 5, I can change your diaper but I doubt you have much use for a bitcoin wallet.
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AP • STAKE • ▬
▬▬▬▬▬
Ratters
(OP)
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⇾
Re: Savings Wallet - Explain it like I'm 5!
June 12, 2014, 04:03:50 PM
#3
Helpfull, Thanks
Think what my savings will be worth when i'm 10!
No, seriously these wallets will be for my kids when they are old enough.
Newar
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Re: Savings Wallet - Explain it like I'm 5!
June 12, 2014, 04:31:13 PM
#4
Google will know plenty of guides. Here's one:
http://bitcoinpete.com/2014/03/14/on-making-high-entropy-bitcoin-paper-wallets/
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justusranvier
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Re: Savings Wallet - Explain it like I'm 5!
June 12, 2014, 04:50:12 PM
#5
Quote from: Ratters on June 12, 2014, 03:57:27 PM
What in your experience would be the easiest method of achieving this?
Just use Armory.
Ashbite
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Re: Savings Wallet - Explain it like I'm 5!
June 12, 2014, 05:17:51 PM
#6
There are plenty of tutorials on the internet: just throw a search on youtube: "how to store bitcoin in cold storage".
Well people gave you plenty of options, find one yourself
zahra4571
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Re: Savings Wallet - Explain it like I'm 5!
June 12, 2014, 07:47:11 PM
#7
Here is a method from this forum
https://bitcointalk.org/index.php?topic=235584.0
Hope it will help you
.
Stake.com
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bet
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play
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Ratters
(OP)
Sr. Member
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Re: Savings Wallet - Explain it like I'm 5!
June 13, 2014, 12:38:26 AM
#8
Thank you, I didn't know if you could top up a cold storage wallet or not.
If it's simple cold storage I need then I can do that
Thanks
Rgds
Ratters
jonald_fyookball
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Core dev leaves me neg feedback #abuse #political
Re: Savings Wallet - Explain it like I'm 5!
June 13, 2014, 05:30:48 AM
#9
Electrum. Find an permanently offline computer, install with USB. You'll get your addresses.
Save the seed somewhere safe.
Send funds to your one of your addresses. You can either create watch only install or simply view balance on blockchwwin.info.
proof LN isn't Decentralized
official Electron Cash wallet
monsterbitty
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Re: Savings Wallet - Explain it like I'm 5!
June 13, 2014, 10:09:47 PM
#10
Quote from: zahra4571 on June 12, 2014, 07:47:11 PM
Here is a method from this forum
https://bitcointalk.org/index.php?topic=235584.0
Hope it will help you
This tutorial will definetly help you out. +1 to this.
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