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Topic: I'm about to create a wallet and I have a couple of very basic questions. - page 3. (Read 1801 times)

legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game


My questions:
a) Is this a common practice? Having one wallet online and another one locally?
b) Is it easy to transfer money from the online wallet to the local one and vice versa? And does it cost?
c) What solution would you suggest for me? And which wallets?


a) Yes. Others have multiple wallets too with lots of associated addresses.

b) Yes as it was the main good thing when using bitcoin. Cost vary or should I say transaction fees.

c) You already mentioned it : "I’d feel safer if I have my bitcoins locally, on my computer (with backup, I suppose). So, my idea is to have a local desktop wallet (like Armory or Bitcoin Core) and one online (preferably one that’s been up for quite a long time) in order to buy and sell, eventually, or even pay for something."
member
Activity: 162
Merit: 10
Hi,

(Not sure if post in the right forum. I apologize if I don't.)

I’m thinking of buying a few bitcoins, say for 50 or 100 euro. For no real reason, just to see what it is, how it works and be part of this thing. And if I like it, see what's next.

I read all kinds of articles in the web about bitcoins and I think I understand the basics.

So I’m about to create a wallet.

I've seen quite a few people getting ripped off and bitcoin sites seem to close suddenly leaving their users uncovered. Which creates a rather unstable environment for this new currency.

I’d feel safer if I have my bitcoins locally, on my computer (with backup, I suppose). So, my idea is to have a local desktop wallet (like Armory or Bitcoin Core) and one online (preferably one that’s been up for quite a long time) in order to buy and sell, eventually, or even pay for something.

My questions:
a) Is this a common practice? Having one wallet online and another one locally?
b) Is it easy to transfer money from the online wallet to the local one and vice versa? And does it cost?
c) What solution would you suggest for me? And which wallets?

I hope my questions are not too naïve or tiresome.
Thanks Smiley
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