Armory Bitcoin - Do you need to be online to receive money ?

HCP

legendary

Activity: 2086

Merit: 4318

Quote from: Gingerboy2 on February 20, 2018, 12:27:03 PM

I've created a wallet using Armory bitcoin and (as it is in default settings) I immediatly tried to transfer my bitcoin using the adresse under "Received bitcoins".
Does Armory need to be online so that this works (sended to incorrect adresses) or is the transfer from one wallet to another long due to the blockchain ?

No bitcoin wallets need to be "online" to receive coins... otherwise, paper wallets wouldn't be a thing Wink

Having said that, unless you also have a (fully synced) Bitcoin Core full node will all 170+ gigs of blockchain, you are not going to see your bitcoins. Armory sits on top of Bitcoin Core and uses it to retrieve blockchain data, so without it, it will never see your Bitcoin transactions. The other side of this, is that you will not be able to send your bitcoins out of Armory.

Your options at this point are:

1. Install Bitcoin Core, let it fully sync, continue using Armory.
or
2. Export your private key(s) from Armory and import them into a different wallet to get access to your bitcoins.
or
3. Do nothing, knowing that your bitcoins are secure, even if you can't see them.

If you wish to continue using Armory, I suggest you have a read through the threads on the Armory sub board (https://bitcointalk.org/index.php?board=97.0)... particularly the "pinned" messages at the top with links to the most recent version (0.96.4 RC3)... the guys there are pretty helpful and should be able to help you with any issues you have.

ManaMan

member

Activity: 238

Merit: 38

Quote from: Gingerboy2 on February 20, 2018, 12:27:03 PM

Hello,

I've created a wallet using Armory bitcoin and (as it is in default settings) I immediatly tried to transfer my bitcoin using the adresse under "Received bitcoins".
Does Armory need to be online so that this works (sended to incorrect adresses) or is the transfer from one wallet to another long due to the blockchain ?

If i've lost my money you are allowed to make fun of me (~100£).

No you don't and will try to break it down why is that.

Bitcoin was made that there are known pairs of public and private keys, but we have so many combination which makes it nearly impossible for somebody to random generate keys and generate your key, although this is possible but chances are really really low for that.

Blockchain is just data structure. Each block contains transactions and like a pointer to previous block. Every node of the network keep copy of this ledger and thus your coins are not stored on your device, in fact number of your balance is written into the blockchain (inputs and outputs exactly). Everybody can create transactions with your balance, but then they will show up as invalid because they wouln't have the private key to sign that transaction and prove that they are the real owners. Many of this is simply done behind the scenes so you actually don't have to think about these things. But one thing is for sure keep your private keys safe.

Gingerboy2

newbie

Activity: 2

Merit: 0

Thank you very much for your quick answer, I was very worried I did something wrong.
Thanks again Cheesy

Hodlmachine

newbie

Activity: 20

Merit: 0

Quote from: Gingerboy2 on February 20, 2018, 12:27:03 PM

Hello,

I've created a wallet using Armory bitcoin and (as it is in default settings) I immediatly tried to transfer my bitcoin using the adresse under "Received bitcoins".
Does Armory need to be online so that this works (sended to incorrect adresses) or is the transfer from one wallet to another long due to the blockchain ?

If i've lost my money you are allowed to make fun of me (~100£).

No problem you will receive your coins...

Gingerboy2

newbie

Activity: 2

Merit: 0

Hello,

I've created a wallet using Armory bitcoin and (as it is in default settings) I immediatly tried to transfer my bitcoin using the adresse under "Received bitcoins".
Does Armory need to be online so that this works (sended to incorrect adresses) or is the transfer from one wallet to another long due to the blockchain ?

If i've lost my money you are allowed to make fun of me (~100£).

Topic: Armory Bitcoin - Do you need to be online to receive money ? (Read 147 times)