What you probably don't know is that bitcoin-qt uses many more keys than the ones you know about. Anyway, my point is that there is no benefit to sending all you coins to a single key unless you are OCD or you are making a paper wallet.
Uh... LOL... Yes, both actually, which is why I asked. I take OCD to a new level and would ideally like to have just one set of keys backed-up and paper wallets with just one private and public key on them. Is what I described above appropriate in this case? Thanks! 
Topic: n00b wallet question (Read 331 times)
What you probably don't know is that bitcoin-qt uses many more keys than the ones you know about. Anyway, my point is that there is no benefit to sending all you coins to a single key unless you are OCD or you are making a paper wallet.
Uh... LOL... Yes, both actually, which is why I asked. I take OCD to a new level and would ideally like to have just one set of keys backed-up and paper wallets with just one private and public key on them. Is what I described above appropriate in this case? Thanks!
What you probably don't know is that bitcoin-qt uses many more keys than the ones you know about. Anyway, my point is that there is no benefit to sending all you coins to a single key unless you are OCD or you are making a paper wallet.
I'm seriously thinking of "cashing-in" a portion of my Bitcoin to cover all principal expenses in buying all my Bitcoin initially, capital gains and a few extra bucks left over.
Once I send this given amount of BTC to the exchange to sell I would like to consolidate the rest of my wallet into one key for cold storage. I will have four other keys left in my wallet after I sell the one tranche.
Can I simply send myself the rest of my Bitcoin all at once (receive the rest with a key I give to myself and use to send to on my same Bitcoin-Qt client) so that I have the rest contained in one single key?
I know I've read about this somewhere in here before but just wanted a bit of confirmation from those who really know what they're doing that this is as straighforward as it seems in my n00b mind.
Thanks very much for any help/comments!
Once I send this given amount of BTC to the exchange to sell I would like to consolidate the rest of my wallet into one key for cold storage. I will have four other keys left in my wallet after I sell the one tranche.
Can I simply send myself the rest of my Bitcoin all at once (receive the rest with a key I give to myself and use to send to on my same Bitcoin-Qt client) so that I have the rest contained in one single key?
I know I've read about this somewhere in here before but just wanted a bit of confirmation from those who really know what they're doing that this is as straighforward as it seems in my n00b mind.
Thanks very much for any help/comments!
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