Cold-Storage | Bitcointalksearch.org

devonne

newbie

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Quote from: Testing123 on August 25, 2014, 01:36:54 PM

Quote from: DrG on August 25, 2014, 09:01:17 AM

Once your cold wallet gets access to an internet connection it is no longer cold. You would need to make a new offline wallet address (the same way you made the original cold wallet) and send whatever fraction of the $10 that you didn't use to that new address.

True.

But then OP could sign the transaction on the offline machine, and broadcast the transaction on the online machine.
In that case, he won't need to load the private key on an online machine.

Well said without errs,perfect.

Testing123

hero member

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Quote from: DrG on August 25, 2014, 09:01:17 AM

Once your cold wallet gets access to an internet connection it is no longer cold. You would need to make a new offline wallet address (the same way you made the original cold wallet) and send whatever fraction of the $10 that you didn't use to that new address.

True.

But then OP could sign the transaction on the offline machine, and broadcast the transaction on the online machine.
In that case, he won't need to load the private key on an online machine.

jeroenn13

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Quote from: unlimited_020 on August 24, 2014, 04:26:25 PM

When taking bitcoins out of cold storage or paper storage, am I right in saying that you have to take the entire amount from your cold storage address? I.e if you had $10 worth, you could only take out $10 worth and not $5 worth>

Thats correct, sometimes the change will be sent to another address. You do not have the private keys for that address.

Dare

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Techwolf on #bitcoin and Reddit

Quote from: DrG on August 25, 2014, 09:01:17 AM

Once your cold wallet gets access to an internet connection it is no longer cold. You would need to make a new offline wallet address (the same way you made the original cold wallet) and send whatever fraction of the $10 that you didn't use to that new address.

Exactly. While using only part of the funds in a cold wallet is possible, it decreases the security of that wallet significantly.

DrG

legendary

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Once your cold wallet gets access to an internet connection it is no longer cold. You would need to make a new offline wallet address (the same way you made the original cold wallet) and send whatever fraction of the $10 that you didn't use to that new address.

Josepht

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With the paper wallet, you import the private key into your wallet. You have the total balance available. You are able to send e.g. half of the amount.

unlimited_020

newbie

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When taking bitcoins out of cold storage or paper storage, am I right in saying that you have to take the entire amount from your cold storage address? I.e if you had $10 worth, you could only take out $10 worth and not $5 worth>

Topic: Cold-Storage (Read 1087 times)