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Author Topic: From holder to spender....  (Read 4536 times)
bitcoinrocks
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February 13, 2015, 08:45:11 PM
 #1

I've been a BTC holder for about a year and a half but I'm such a miser that I've never spent any of it.  An online shop I want to place an order with accepts BTC so I'm ready to take the plunge.  I'm thinking an Android wallet with a small balance makes sense.  Any recommendations for that software?

I also don't want everyone I spend BTC with to know my main account's balance.  What is the best way to prevent that from happening?
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kolloh
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February 13, 2015, 08:49:03 PM
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Not sure as far as Android software, but as for the second question, use a mixer service or something like BlockChain's sharedcoin service.
Bralex
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February 13, 2015, 08:56:43 PM
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If i didn't want the people i was buying from to know my main balance then i would send the coin to my address on an exchange then make payment from there.

The andriod question i do not know but would like to know so if you find something could you post here with an update please, thank you.

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RocketSingh
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February 13, 2015, 09:06:34 PM
 #4

I've been a BTC holder for about a year and a half but I'm such a miser that I've never spent any of it.  An online shop I want to place an order with accepts BTC so I'm ready to take the plunge.  I'm thinking an Android wallet with a small balance makes sense.  Any recommendations for that software?

I also don't want everyone I spend BTC with to know my main account's balance.  What is the best way to prevent that from happening?

Here you go => https://www.darkwallet.is

As a member of BitcoinTalk, you are surrounded by legends; phenomenal successes and catastrophic failures. The forum was created by Satoshi Nakamoto and saw the first exchange, the first altcoin, and the first ICO, but also catastrophic software flaws, massive thefts, and incredible scams. You too have an opportunity to become part of the forum's history: whether and in what way you do so is up to you.
bitcoinbot
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February 13, 2015, 09:09:55 PM
 #5

I recommend using mycelium. It's really easy to setup on your phone and works like a dream. I use mulitbit on my PC and every so often I send the required funds through to my mycelium account.
Once you have done it once it's a doddle every time.
bitcoinrocks
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February 13, 2015, 09:50:33 PM
 #6

I installed Mycelium and it looks fine but then I found the Blockchain Android app:

https://blockchain.info/wallet/android-app

So if I want to use Blockchain's Shared Coin to pay someone without linking the payment to my main wallet (and I don't want to import my main wallet's private key into a Blockchain account), I should send funds from my main wallet to my Blockchain account and then use Shared Coin to send those funds from my Blockchain account to the final recipient?
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February 13, 2015, 09:52:28 PM
 #7


I also don't want everyone I spend BTC with to know my main account's balance.  What is the best way to prevent that from happening?

Just use a mixer, but do make sure the final amount reaching is the right value.

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February 13, 2015, 10:00:36 PM
 #8

I installed Mycelium and it looks fine but then I found the Blockchain Android app:

https://blockchain.info/wallet/android-app

So if I want to use Blockchain's Shared Coin to pay someone without linking the payment to my main wallet (and I don't want to import my main wallet's private key into a Blockchain account), I should send funds from my main wallet to my Blockchain account and then use Shared Coin to send those funds from my Blockchain account to the final recipient?

Or I could set up a Blockchain account on blockchain.info, send BTC from my main wallet to there, and then use Shared Coin to send BTC from Blockchain to another account (Blockchain, Mycelium, etc) and use that to pay people so I don't have to use Shared Coin every time I want to pay someone.  That might be better because I can't find Shared Coin in the Blockchain Android app.
pereira4
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February 13, 2015, 10:39:21 PM
 #9

Use a different address each time so you dont store btc in the same address.
kingcolex
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February 13, 2015, 10:52:25 PM
 #10

Mixer to a mobile address and possibly create a new address every time if your super paranoid, any regular vendor or merchant won't be snooping through their customers addresses though.














 

 

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Kazimir
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February 13, 2015, 10:52:34 PM
 #11

I installed Mycelium and it looks fine but then I found the Blockchain Android app:
Don't do it. Blockchain.info's web wallet works quite well, but their Android app is a complete distaster. Mycelium is much, MUCH better.

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
Puppet
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February 13, 2015, 11:00:44 PM
 #12

Blockchain.info's web wallet works quite well, but their Android app is a complete distaster.

+1. Recently lost 1BTC due to blockchain.info's android app. For some reason, I think after an update,  it no longer accepted my PIn or password. Well, it accepts the pin, which should unlock the password, but then says the password is incorrect. No amount of reentering the pw solves it. The email backup that I thought I made when I set it up, was never sent, although that could have been user error.
bitcoinrocks
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February 13, 2015, 11:02:56 PM
 #13

Use a different address each time so you dont store btc in the same address.

What would the workflow be like to accomplish that?
Kazimir
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February 13, 2015, 11:06:23 PM
 #14

What would the workflow be like to accomplish that?
By simply using a HD wallet, like Mycelium. It takes care of everything. You have to make a backup once (writing 12 words on a piece of paper, but that in a safe) and from that point on, any current and future addresses (and their private keys) can always be restored. For every incoming or outgoing transaction, it will automatically switch to a new address. No user involvement required whatsoever. Really, it doesn't get easier than that.


In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
kingcolex
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February 13, 2015, 11:24:40 PM
 #15

Use a different address each time so you dont store btc in the same address.

What would the workflow be like to accomplish that?
With the Bither app it's one touch maybe 2, I think mycelium is just a few too.














 

 

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bitcoinrocks
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February 13, 2015, 11:41:33 PM
 #16

By simply using a HD wallet, like Mycelium. It takes care of everything. You have to make a backup once (writing 12 words on a piece of paper, but that in a safe) and from that point on, any current and future addresses (and their private keys) can always be restored. For every incoming or outgoing transaction, it will automatically switch to a new address. No user involvement required whatsoever. Really, it doesn't get easier than that.

Is it really that easy?  As long as I use Mycelium (or another HD wallet), I can send and receive BTC and automatically no one will be able to link any 2 transactions I've made?
bitkilo
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February 14, 2015, 12:04:23 AM
 #17

I have used many android btc wallets,

Green Address- it's not bad but can be a bit slow.
Mycelium- Good wallet and very easy to use for anyome.
Blockchain- Used to be good but just too many problems, heaps of blockchain hacked posts, would not recommend.
Coinbase- East to use, great for beginners and very good security. Just remember they have your private keys so not all people would agree to use it.
Wallet32- The best HD wallet for me, very fast and i have had no problems at all.

These wallets are only good for holding a small amount of coins for spending, due to being online walles and anything online can be hacked.
If your holding anything above $50 worth take it offline and get that btc into a paper or hardware wallet.


Q7
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February 14, 2015, 12:57:49 AM
 #18

Just use Bitcoin Wallet or Mycelium. Transfer small amount from your cold wallet to the apps and then begin spend from there. Shouldn't be much of a hassle as I also did the same.

Nerazzura
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February 14, 2015, 01:07:27 AM
 #19

I recommend using mycelium. It's really easy to setup on your phone and works like a dream. I use mulitbit on my PC and every so often I send the required funds through to my mycelium account.
Once you have done it once it's a doddle every time.

risk is that when your phone is lost or damaged and had to reinstall
bitcoinrocks
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February 14, 2015, 01:17:34 AM
 #20

Is it really that easy?  As long as I use Mycelium (or another HD wallet), I can send and receive BTC and automatically no one will be able to link any 2 transactions I've made?

Can anyone confirm this?  None of the addresses can be derived by any of the other addresses?  If that really is the case then my search is over.
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