New to BTC... I Hope You Are Warm. | Bitcointalksearch.org

Muhammed Zakir

hero member

Activity: 560

Merit: 509

I prefer Zakir over Muhammed when mentioning me!

Quote from: Hazir on February 15, 2015, 07:42:02 PM

Sorry for noobish question,

Nobody is born as a scholar.

Quote from: Hazir on February 15, 2015, 07:42:02 PM

but why I want to use paper wallets? I understand that they are providing an additional security.

Yes, they provide higher security. Encrypting your paper wallet is better so the private key isn't leaked at a glance.

Quote from: Hazir on February 15, 2015, 07:42:02 PM

But I thought that encryption of bitcoin is sufficient and considered to be safe

Your computer/mobile can be affected via viruses/malwares/keyloggers. So if you are connected to internet and your computer is affected with Bitcoin related malwares, there is a high chance you loosing your Bitcoin. Using a paper wallet or offline computer/phone, your private keys aren't exposed to internet but can be stolen by a person who have access to.

-MZ

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: t00nces2 on February 15, 2015, 09:21:20 PM

Quote from: odolvlobo on February 15, 2015, 07:17:34 PM

Quote from: t00nces2 on February 15, 2015, 03:35:02 PM

I have a Coinbase account and have purchased one bitcoin. I have a paper wallet and and I want to move some some coin from from the coinbase account into my paper wallet. I have not done this before and would like to know exactly how to do it.

Hi Todd,

Sending bitcoins to a paper wallet is easy. Assuming that you have a paper wallet ready, simply send your bitcoins from Coinbase to the "Load & Verify" address on the paper wallet. Before you do that, just make sure you have the private key, because you can't retrieve the bitcoins without the private key. If the private key is encrypted, make sure that you store the password somewhere in case you forget it. Never show the private key to anyone.

Thank you. I guess my questions are these:
Do I scan the QR codes with my phone and the transfers take place automatically?
Do I have to input my password and user name to access the accounts?
Is there a transaction fee where if I bounce coin back and forth to become familiar with the protocols?
Would moving money be the same for another as it would be for me?

Most phone wallets will let you scan a QR code in order to get the destination address.
I'm not sure which accounts you are talking about. If you BTC is on Coinbase, you will have to log in to send it to the paper wallet. They have a phone app, but I have never used it.
There is usually a transaction fee, but not when sending from Coinbase.

t00nces2

newbie

Activity: 6

Merit: 0

Quote from: odolvlobo on February 15, 2015, 07:17:34 PM

Quote from: t00nces2 on February 15, 2015, 03:35:02 PM

I have a Coinbase account and have purchased one bitcoin. I have a paper wallet and and I want to move some some coin from from the coinbase account into my paper wallet. I have not done this before and would like to know exactly how to do it.

Hi Todd,

Sending bitcoins to a paper wallet is easy. Assuming that you have a paper wallet ready, simply send your bitcoins from Coinbase to the "Load & Verify" address on the paper wallet. Before you do that, just make sure you have the private key, because you can't retrieve the bitcoins without the private key. If the private key is encrypted, make sure that you store the password somewhere in case you forget it. Never show the private key to anyone.

Thank you. I guess my questions are these:
Do I scan the QR codes with my phone and the transfers take place automatically?
Do I have to input my password and user name to access the accounts?
Is there a transaction fee where if I bounce coin back and forth to become familiar with the protocols?
Would moving money be the same for another as it would be for me?

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Quote from: odolvlobo on February 15, 2015, 07:17:34 PM

Quote from: t00nces2 on February 15, 2015, 03:35:02 PM

I have a Coinbase account and have purchased one bitcoin. I have a paper wallet and and I want to move some some coin from from the coinbase account into my paper wallet. I have not done this before and would like to know exactly how to do it.

Hi Todd,

Sending bitcoins to a paper wallet is easy. Assuming that you have a paper wallet ready, simply send your bitcoins from Coinbase to the "Load & Verify" address on the paper wallet. Before you do that, just make sure you have the private key, because you can't retrieve the bitcoins without the private key. If the private key is encrypted, make sure that you store the password somewhere in case you forget it. Never show the private key to anyone.

Sorry for noobish question, but why I want to use paper wallets? I understand that they are providing an additional security. But I thought that encryption of bitcoin is sufficient and considered to be safe

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: t00nces2 on February 15, 2015, 03:35:02 PM

I have a Coinbase account and have purchased one bitcoin. I have a paper wallet and and I want to move some some coin from from the coinbase account into my paper wallet. I have not done this before and would like to know exactly how to do it.

Hi Todd,

Sending bitcoins to a paper wallet is easy. Assuming that you have a paper wallet ready, simply send your bitcoins from Coinbase to the "Load & Verify" address on the paper wallet. Before you do that, just make sure you have the private key, because you can't retrieve the bitcoins without the private key. If the private key is encrypted, make sure that you store the password somewhere in case you forget it. Never show the private key to anyone.

t00nces2

newbie

Activity: 6

Merit: 0

Quote from: ?? on ??

A better title would be " New to BTC... I Hope You Are Warned." Of all the scam happening, and to be careful.

I am not wanting to scam or turn any tricks. I basically had an idea to put a sign on my car and advertise to teach people how to get up and running on BTC.... charge them a few dollars and get get them up and running. I don't have to be the BTC savant, I just have to teach them about the same thing I am learning.

t00nces2

newbie

Activity: 6

Merit: 0

Quote from: cashtraderuk on February 15, 2015, 05:06:15 PM

Which paper wallet are you using?

Thank you for responding. I am using blockchain.info. I also have the bitcoin ap on my phone.

Quote from: TheGoodGuy419 on February 15, 2015, 05:22:58 PM

lol the high temp at my home is -5F today with a low of -15F

Buffalo NY

I am moving to south Florida this spring and then I will say "goodbye" to this cold sh*t. Tongue

8

Welcome back and stay smart...lots of scams around that prey on the weak.

I grew up in New Paltz (exit 18 on the Thruway). I talked to Dad a bit earlier today and he said it was about 10, but it was -BS yesterday and the day before! My half bro lives in Buffalo and my family has a camp on the Sacandaga. I really only miss the skiing, not so much the shoveling. If you move near SRQ, I will shovel the snow off your driveway for free all next winter.

TheGoodGuy419

newbie

Activity: 28

Merit: 0

lol the high temp at my home is -5F today with a low of -15F

Buffalo NY

I am moving to south Florida this spring and then I will say "goodbye" to this cold sh*t. Tongue

8

Welcome back and stay smart...lots of scams around that prey on the weak.

cashtraderuk

full member

Activity: 148

Merit: 100

Which paper wallet are you using?

t00nces2

newbie

Activity: 6

Merit: 0

Hello. I am new to using Bitcoin, but I have been aware of the coin for a while. I even was a miner back when they first came out, but lost interest and changed computers. I hope I am just aware enough to avoid the spanking line initiation. So, here goes my question....

I have a Coinbase account and have purchased one bitcoin. I have a paper wallet and and I want to move some some coin from from the coinbase account into my paper wallet. I have not done this before and would like to know exactly how to do it. I looked and did not see a tutorial that fit my question, so I am going to throw it out and enjoy the flaming and possible wind up with an answer.

The cold has been brutal this weekend here in Sarasota, Florida. My Uncle saw frost on the roofs of his neighbors.

I hope you all have had a splendid weekend and thank you for any help you are able to give.

Thank you,
Todd

Topic: New to BTC... I Hope You Are Warm. (Read 1481 times)