Sending BTC to an offline CPU?? | Bitcointalksearch.org

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: DeathAndTaxes on November 29, 2013, 01:20:31 PM

Another option would be to use a paper wallet for your cold storage and keep a client updated for daily spending. The simple answer is there is no issue sending coins to an offline address.

That's what I'm thinking of doing. I really need to stop procrastinating and move my BTC offline!

_destro

newbie

Activity: 11

Merit: 0

Yes, keeping it offline permanently is the safest way. However, if it's not a huge amount, I wouldn't be super concerned if it was connected. Armory or some other local encrypted wallet is probably really unlikely to get hacked if you don't use that pc for anything risky. If it's a hassle for you to setup an offline pc required for cold storage, I wouldn't stress about it - unless we're talking very large sums of BTC.

Faince1985

member

Activity: 98

Merit: 10

possible if you can isolate the computer completely and make sure you don't get your computer hacked,you can use an offline wallet though and reduce risk of being hacked even more.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: WayTooGosu on November 29, 2013, 01:24:30 PM

You can simply go online on the machine once and have your BTC transferred onto it and then never go online again.

You don't need to go online even once to receive Bitcoins. Once confirmed the record existing on every node in the network. Your wallet doesn't contain any coins. It contains the keys which allow you to spend coins sent to you. You don't need to go online except to spend Bitcoins.

I have Bitcoins sent to offline paper wallets which have never been online. Not once, not ever. They paper wallet was created offline and the private key has never been entered into an online computer.

chorchonga

member

Activity: 65

Merit: 10

You don't ever have to go online to receive BTC to a wallet, only to spend them.

WayTooGosu

newbie

Activity: 56

Merit: 0

You can simply go online on the machine once and have your BTC transferred onto it and then never go online again.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Another option would be to use a paper wallet for your cold storage and keep a client updated for daily spending. The simple answer is there is no issue sending coins to an offline address.

Jasun7211

sr. member

Activity: 517

Merit: 250

looks great thanks. I just read up on it.

lambdaE

sr. member

Activity: 251

Merit: 250

Use armory offline instead and never connect.

And your main computer connected to internet might use armory online with watch only wallet

Jasun7211

sr. member

Activity: 517

Merit: 250

I currently am thinking of doing the above mentioned. I get varous dividends from different stocks, and gaming sites. I Was weighing the pros and cons of storing all my non-investment bitcoins on an offline cpu....connecting it once a week or so to update any transactions and immediately take it off line once the chain is updated....

Pros???

Cons???

thanks

Topic: Sending BTC to an offline CPU?? (Read 547 times)