Topic: Creating a paper wallet using My Wallet (Read 642 times)
Thanks very much for the reply really helped!
When I click on Paper Wallet in online mode it shows the address and the private key underneath.
Are those two numbers all you need?
Are those two numbers all you need?
Correct.
So if I memorised the private key and the address I could send BTC to that address and then at some point in the future just enter the address and private key which I memorised on a Bitcoin client/app to send coins out of that address?
Correct.
I read something about needing to back up the wallet & a 100 keys?
This is in reference to the Bitcoin-Qt wallet. Each time you send a transaction from that wallet it uses a new address to send the change back to the wallet. The wallet maintains a pool of 100 unused addresses, so a backup will have the next 100 addresses that the wallet will use. If you are only receiving transactions, then you can use a single address (or however many you want to use) and send to that address as many times as you like.
Also another very basic question
When I click on Paper Wallet in online mode it shows the address and the private key underneath.
Are those two numbers all you need? Not necessarily the barcode which is just a representation of them right?
So if I memorised the private key and the address I could send BTC to that address and then at some point in the future just enter the address and private key which I memorised on a Bitcoin client/app to send coins out of that address?
I read something about needing to back up the wallet & a 100 keys? So if I sent BTC to that address over 100 times would I lose some of the BTC if I hadn't put the Address and the private key together in a Bitcoin client/app for many years?
When I click on Paper Wallet in online mode it shows the address and the private key underneath.
Are those two numbers all you need? Not necessarily the barcode which is just a representation of them right?
So if I memorised the private key and the address I could send BTC to that address and then at some point in the future just enter the address and private key which I memorised on a Bitcoin client/app to send coins out of that address?
I read something about needing to back up the wallet & a 100 keys? So if I sent BTC to that address over 100 times would I lose some of the BTC if I hadn't put the Address and the private key together in a Bitcoin client/app for many years?
Hi guys,
I'm a tech noob obviously but can see that the BTC is pretty amazing
Any help would be greatly appreciated, I looked at the following tutorial
https://blockchain.info/wallet/paper-tutorial
Step 1: I opened up a private browsing window in google chrome
Step 2: Disconnected from the internet
Step 3: Generate a new Address, the new address reads (not synced) as they said it would.
Step 4: It says 'On the main navigation bar click on [Import / Export] then on the [Paper Wallet] tab then print the page.'
Here is where I have problems
When I click on Import/Export Tab it asks me to re-type my password, which they don't mention, I do
The Screen is blank, there is no 'Paper Wallet' tab?
Any suggestions?
Do I have to turn the internet back on? then go to the import/export tab.
Won't this compromise the security?
Thanks
I'm a tech noob obviously but can see that the BTC is pretty amazing
Any help would be greatly appreciated, I looked at the following tutorial
https://blockchain.info/wallet/paper-tutorial
Step 1: I opened up a private browsing window in google chrome
Step 2: Disconnected from the internet
Step 3: Generate a new Address, the new address reads (not synced) as they said it would.
Step 4: It says 'On the main navigation bar click on [Import / Export] then on the [Paper Wallet] tab then print the page.'
Here is where I have problems
When I click on Import/Export Tab it asks me to re-type my password, which they don't mention, I do
The Screen is blank, there is no 'Paper Wallet' tab?
Any suggestions?
Do I have to turn the internet back on? then go to the import/export tab.
Won't this compromise the security?
Thanks
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