Help please

[realtip]

I've just started looking at bitcoins recently and a lot of the info I'm trying to find is not easy to comprehend being a newbie. Could someone please help me answer a few of these questions (bare in mind I'm a complete newbie so don't fry me for my stupidity):

When creating wallets I create multiple recipient addresses and get my coins. Can these address be deleted after my transaction history (same thing for sending)

Do block chains record the recipient (and sender) addresses or does it record the wallet address when creating a block chain history

I'm looking at getting a free wallet online, will they record my transaction history (ie the addresses that have sent me the bitcoins and how many and the addresses I am sending to)

What is the difference between creating lot's of different addresses and having a stealth address. Is it the same thing

What's the easiest way to send someone bitcoins (with least transaction/mining fees)

Also, if I get bitcoins and trade for litecoins how will this keep my trading anonymous considering all the transactions point to my bank account

[Moonpig]

Basically every transaction you make is recorded forever on the blockchain; there's no getting away with that. And yes, you could trade btc for ltc and that obviously won't be linked on the blockchain, though someone could find the link between the trades and tie them to you if you did the transaction publicly .

[Small]

Wallets cannot be deleted apparently, once it's part of the blockchain, it stays there.
Satoshi hoped for us to use a new address for every transaction.

All wallets are free by the way, but they don't record your transaction -- the BlockChain does.

[Passprot]

I've just started looking at bitcoins recently and a lot of the info I'm trying to find is not easy to comprehend being a newbie. Could someone please help me answer a few of these questions (bare in mind I'm a complete newbie so don't fry me for my stupidity):

I'm looking at getting a free wallet online, will they record my transaction history (ie the addresses that have sent me the bitcoins and how many and the addresses I am sending to)

Trying to answer one of your question

Online wallet : https://blockchain.info/
Yes transaction history in and out will be record

[DannyHamilton]

When creating wallets I create multiple recipient addresses and get my coins. Can these address be deleted after my transaction history (same thing for sending)

Depending on the wallet you are using, you might be able to delete the address from your wallet.  Why would you want to though?  Unless you have hundereds of transactions per day, the extra unused addresses aren't hurting anything.

Do block chains record the recipient (and sender) addresses or does it record the wallet address when creating a block chain history

I don't understand the question.  The blockchain is a permanent record of every transaction that has ever existed. For each transaction, it defines the previously unspent outputs that supply value to the transaction and the conditions that must be met to spend the newly created outputs.

I'm looking at getting a free wallet online, will they record my transaction history (ie the addresses that have sent me the bitcoins and how many and the addresses I am sending to)

You don't send "from an address", you spend unspent outputs.  It might seem like that's the same thing, but it really isn't.  A wallet might try to make an educated guess where some bitcoins came "from", but that guess will often be wrong.  Therefore, well written wallets discourage this misunderstanding by not showing a "from" address.  Most wallets will provide you with a history of transactions that you received, which address you used to receive the transaction, and the quantity of bitcoins that you received in that transaction.

What is the difference between creating lot's of different addresses and having a stealth address. Is it the same thing

Creating lots of addresses just means that you have lots of addresses to choose from when you are deciding which address you want to give to someone for them to send you bitcoins.  There is nothing stealthy about it.

What's the easiest way to send someone bitcoins (with least transaction/mining fees)

Use well written wallet software.  Each wallet has its own method of creating transactions.  Make sure you understand how to use your chosen wallet software.

Also, if I get bitcoins and trade for litecoins how will this keep my trading anonymous considering all the transactions point to my bank account

Don't use your bank account.

[pooya87]

Also, if I get bitcoins and trade for litecoins how will this keep my trading anonymous considering all the transactions point to my bank account

Don't use your bank account.

meet up with an stranger in a dark back alley while wearing a cap and sunglasses, and do the exchange in cash using unmarked bills!

[gkv9]

I've just started looking at bitcoins recently and a lot of the info I'm trying to find is not easy to comprehend being a newbie. Could someone please help me answer a few of these questions (bare in mind I'm a complete newbie so don't fry me for my stupidity):

When creating wallets I create multiple recipient addresses and get my coins. Can these address be deleted after my transaction history (same thing for sending)

Do block chains record the recipient (and sender) addresses or does it record the wallet address when creating a block chain history

I'm looking at getting a free wallet online, will they record my transaction history (ie the addresses that have sent me the bitcoins and how many and the addresses I am sending to)

What is the difference between creating lot's of different addresses and having a stealth address. Is it the same thing

What's the easiest way to send someone bitcoins (with least transaction/mining fees)

Also, if I get bitcoins and trade for litecoins how will this keep my trading anonymous considering all the transactions point to my bank account

Blockchain was made with the purpose of recording all the transactions since the start of BTC till it lasts, i.e.; forever... Also, you just can't delete any transactions of any of your addresses, but yes, you can either archive or delete your address in blockchain.info wallets by either sweeping or deleting with sweeping, but that won't mean that your txns will be deleted from the blockchain, also, if you save your private keys of your deleted addresses to any safe place, you will still be able to either sweep it or add it again to your wallet...

[dothebeats]

I've just started looking at bitcoins recently and a lot of the info I'm trying to find is not easy to comprehend being a newbie. Could someone please help me answer a few of these questions (bare in mind I'm a complete newbie so don't fry me for my stupidity):

When creating wallets I create multiple recipient addresses and get my coins. Can these address be deleted after my transaction history (same thing for sending)

Do block chains record the recipient (and sender) addresses or does it record the wallet address when creating a block chain history

I'm looking at getting a free wallet online, will they record my transaction history (ie the addresses that have sent me the bitcoins and how many and the addresses I am sending to)

What is the difference between creating lot's of different addresses and having a stealth address. Is it the same thing

What's the easiest way to send someone bitcoins (with least transaction/mining fees)

Also, if I get bitcoins and trade for litecoins how will this keep my trading anonymous considering all the transactions point to my bank account

1. Wallets can't be deleted. it is there forever.
2. The blockchain records every single transaction in the chain. One cannot simply delete it by any means.
3. Wallets are free, you won't pay a single penny to have one. Just be careful on what wallet would you choose.
4. Creating a lot of address can help you "hide" the majority of coins by means of mixing it to addresses and sending it to a "stealth" one. In that way, hackers may get a hard time tracing your bitcoins (but keep in mind that it can be hacked if you're not careful enough.)
5.You can always send bitcoins easily with least tx fees, but it takes a lot of time to confirm as it is placed in the "low-priority" bracket of transactions because of lower fees.
6. Trading bitcoins for litecoins can be done in an exchange wherein you can be anonymous. You don't need to expose your bank account in this kind of trades because the exchange serves as the medium of transaction (or the midman) if you want to exchange that bitcoins to litecoins and vice-versa. Exchanges won't expose your banking credentials anyways.

Hope I helped a bit in here.

[realtip]

Thank you so much guys. I think what I'm looking for is something called a darkwallet. I've read up quite a bit since yesterday and understand how this works a little. I do however, need some more help in understanding a few things. From what I know sender creates an address for sending and nounce which is passed on as a private key to the receiver of the coins, the receiver then gets this and looks up and finds the blockchain and receives its coins. Am I correct in thinking:

The stealth address of the receiver is recorded in the transaction (not main address coins went in)
The stealth address is given to the sender and everytime it changes itself in the block chain (so although same sender sends coins to the same receiver using this same stealth address the actual address thats log on the transaction chain is always different)
If someone uses a stealth address it can be recognised as a being a stealth address (I read this somewhere but may have been mis-informed)
Also I wanted to know:
If someone was to get access to my wallet when i've sent to a stealth address can they know this (ie is this recorded in the wallet? If transaction are recorded in the wallet itself can they be deleted)
If someone was to get access to my wallet payee address can they see if I have received from someone who used a stealth address to send? In fact can you also use a stealth address to send (if they hadn't received these coins as stealth and on records real address was used?

If I received coins through my stealth address how am i to send these to someone else, as the chain will record stealth address to payee address, what if i wanted to use these coins using my real address?
If i were to buy from an exchange do i use my darkwallet or do i have to make a separate wallet and then transfer incurring double miner fees.
With the miner fees is it, no matter how big or small the transaction fees will be the same? How do I set the fees, and how would i know in which priority group im in (is this algo based or the miner picks and chooses most lucrative?)
Again, i might have been misinformed with the info I've gotten so far so maybe all these questions dont make sense please advise if so, the darkwallet site has little info n their wiki isnt really newbie friendly

So many questions in one go but I'll appreciate even if you can answer some

[thejaytiesto]

About the anonimity thing it depends how you get your intial bitcoins before you exchange for LTC for example.
Lets say you buy the bitcoins you use to exchange for LTC in a centralized exchange that requirese sensitive data such as real name + phone + ID scan.
Then you are not anonymous more.

But, if you get these bitcoins through Localbitcoins with a local seller IRL, or do a freelance job that don't require personal details for the customer, or get then through a sig campaing or whatever, then these bitcoins have been given to you without you needing to give any personal details.
Considering the address to get paid that you give is brand new and not attached to your personal data... you are free to exchange them for any coins you want because exchanges dont require personal info to deposit and withdraw any cryptocurrencies. The only problem is involving fiat into the whole thing.

Hope this makes sense??

[findftp]

I've just started looking at bitcoins recently and a lot of the info I'm trying to find is not easy to comprehend being a newbie. Could someone please help me answer a few of these questions (bare in mind I'm a complete newbie so don't fry me for my stupidity):

Don't worry, we've all been this stupid before

When creating wallets I create multiple recipient addresses and get my coins. Can these address be deleted after my transaction history (same thing for sending)

Addresses are always recorded in the blockchain, altough it is the RIPEMD-160 hash of the public address, not the SHA256 (if I'm correct)

Do block chains record the recipient (and sender) addresses or does it record the wallet address when creating a block chain history

A wallet can contain multiple addresses, they do not all have to be in a transaction.

I'm looking at getting a free wallet online, will they record my transaction history (ie the addresses that have sent me the bitcoins and how many and the addresses I am sending to)

The blockchain always records all transactions, however, it's difficult to link them (all) to an identity.

What is the difference between creating lot's of different addresses and having a stealth address. Is it the same thing

I'm not sure about a stealh address, never heard of it before.

What's the easiest way to send someone bitcoins (with least transaction/mining fees)

Use relative old coins and a light wallet like multibit or android wallet. If your coins are old enough and the transaction high enough you don't pay a fee (but if you do, it's only cents)

Also, if I get bitcoins and trade for litecoins how will this keep my trading anonymous considering all the transactions point to my bank account

Trading litecoins for bitcoin does not make transaction to your bank account, nobody will know except the exchange.

[DannyHamilton]

- snip -
Addresses are always recorded in the blockchain, altough it is the RIPEMD-160 hash of the public address, not the SHA256 (if I'm correct)
- snip -

Actually, it's the RIPEMD-160 hash of the SHA256 hash of the public key that is stored in the blockchain.

From that, you can compute the address by adding a 1 byte version to the beginning (which is where the '1' comes from), and a 4 byte checksum to the end and expressing the entire value in base58 as defined here:

https://en.bitcoin.it/wiki/Base58Check_encoding#Base58_symbol_chart

[findftp]

- snip -
Addresses are always recorded in the blockchain, altough it is the RIPEMD-160 hash of the public address, not the SHA256 (if I'm correct)
- snip -

Actually, it's the RIPEMD-160 hash of the SHA256 hash of the public key that is stored in the blockchain.

Right, and now I try to remember it! Thanks for clearing it up.

[JohnStyles]

Thanks for the help