Multi-bit Wallet Question! Thank you!

Atruk

hero member

Activity: 700

Merit: 500

Quote from: whatisthename on March 21, 2013, 03:55:55 PM

Hi Everyone,

Trying to adopt and use the this new BitCoin experience in my life. Thank you for helping.

So I have Multi-Bit, but I'm a little confused. Here are my questions...I hope you can understand why I'm confused:

1. When the Multi-bit app is launched, it immediately opens my wallet. Is it possible to password protect my wallet upon opening the application (or make it where Multi-bit doesn't open my wallet once opened)? (my fear is anyone can just open the app and move my bitcoins to another user?)

2. I see that you can export password protected keys, and I did so successfully...I just don't understand it. So now my wallet exists in two places? Within the application on my computer....and within that key file?

3. Technically could my wallet be "active" on 5 computers at once if I wanted by importing the key into multi-bit on those different machines?

I hope you can understand why I'm a little confused. Thank you for reading.

1. The latest 0.5.X build does have a working wallet encryption feature, but it is still a test build... Use with caution if you decide to go that route, and read about the other feaures under development.

2. Yes, you successfully backed up your wallet.

3. Yes, but don't send any coins from any wallet unless they are all synced up.

whatisthename

newbie

Activity: 56

Merit: 0

Okay, thank you!

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

1)As far as i know they are working on encryption for multibit, check the development thread for updated info

2)Yeah. A wallet is just that, private keys. The keys allow you to spend the bitcoins, of course you can copy and backup them as you wish!

3)Why not?

whatisthename

newbie

Activity: 56

Merit: 0

Hi Everyone,

Trying to adopt and use the this new BitCoin experience in my life. Thank you for helping.

So I have Multi-Bit, but I'm a little confused. Here are my questions...I hope you can understand why I'm confused:

1. When the Multi-bit app is launched, it immediately opens my wallet. Is it possible to password protect my wallet upon opening the application (or make it where Multi-bit doesn't open my wallet once opened)? (my fear is anyone can just open the app and move my bitcoins to another user?)

2. I see that you can export password protected keys, and I did so successfully...I just don't understand it. So now my wallet exists in two places? Within the application on my computer....and within that key file?

3. Technically could my wallet be "active" on 5 computers at once if I wanted by importing the key into multi-bit on those different machines?

I hope you can understand why I'm a little confused. Thank you for reading.

Topic: Multi-bit Wallet Question! Thank you! (Read 1212 times)