Teach me about paper wallets :) | Bitcointalksearch.org

Vitsila

newbie

Activity: 28

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Quote from: Vitsila on May 10, 2014, 04:28:09 PM

Quote from: Tammy Chan on May 10, 2014, 03:48:35 AM

Quote from: Vitsila on May 09, 2014, 07:04:04 PM

A question: when i want to load bitcoins to kraken will ask me my private key.

You mean when you send bitcoin to your deposit address on kraken? You shouldn't be asked about your private key...

And how kraken will be sure the bitcoin address is mine.

Another question: my bitcoin address is 1QBXTHBnATB51WKf4Waz8cNGdcHBzwtq1f, as i generated offline with bitaddress.org javascript. I can see my balance (which is zero) here https://blockchain.info/address/1QBXTHBnATB51WKf4Waz8cNGdcHBzwtq1f
but in this site https://primedice.com i tried to cash out the balance (that is 0.0000025) to make a test. But show me the message "Invalid bitcoin address!" What i am doing wrong?

SOLVED !!!

Vitsila

newbie

Activity: 28

Merit: 0

Quote from: Tammy Chan on May 10, 2014, 03:48:35 AM

Quote from: Vitsila on May 09, 2014, 07:04:04 PM

A question: when i want to load bitcoins to kraken will ask me my private key.

You mean when you send bitcoin to your deposit address on kraken? You shouldn't be asked about your private key...

And how kraken will be sure the bitcoin address is mine.

Another question: my bitcoin address is 1QBXTHBnATB51WKf4Waz8cNGdcHBzwtq1f, as i generated offline with bitaddress.org javascript. I can see my balance (which is zero) here https://blockchain.info/address/1QBXTHBnATB51WKf4Waz8cNGdcHBzwtq1f
but in this site https://primedice.com i tried to cash out the balance (that is 0.0000025) to make a test. But show me the message "Invalid bitcoin address!" What i am doing wrong?

Tammy Chan

hero member

Activity: 820

Merit: 1000

Quote from: Vitsila on May 09, 2014, 07:04:04 PM

A question: when i want to load bitcoins to kraken will ask me my private key.

You mean when you send bitcoin to your deposit address on kraken? You shouldn't be asked about your private key...

Vitsila

newbie

Activity: 28

Merit: 0

A question: when i want to load bitcoins to kraken will ask me my private key.
It's secure with windows or i better use backtrack?

Bitornio

member

Activity: 67

Merit: 10

Quote from: alison03 on March 25, 2014, 09:22:35 PM

wow, thank you everyone.

It's definitely still really confusing for me: I'm googling like every other word/phrase (split key address, .dat, etc) so this is like learning a new language in terms of terminology AND functionality. I really appreciate all the replies and will continue reading/researching.

This is the best approach to take IMO. Create a few paper wallets, send a few cents to them and practice importing it on Blockchain.info

Once you understand how it works, then go ahead and store your funds on them

fatty_but_happy

newbie

Activity: 54

Merit: 0

I think the paper wallet is the best way to store Bitcoins. At least it better protects against hack Cheesy

dancupid

hero member

Activity: 955

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Quote from: Vitsila on May 08, 2014, 08:24:42 AM

I was searching for a topic that a user wrote about making the private key of a paper wallet offline.
He was recomended to make it on a new installed OS or with a live CD.
I want to ask if is the same secure to make it in a OS which is running in a vitrual machine like VMware?
And second question is : after i make the private key i have to connect the program in the internet so it gives me the Public Address?

The public address is generated directly from the private key - you don't need to be online.

Just download it first from somewhere you trust (ie github https://github.com/pointbiz/bitaddress.org - download the zip file) and put it on a usb stick (it's just javascript that runs in a browser - just open index.html). Play around with it in Windows so you understand how it works.

I can see no problem with using a Virtual Machine - but it's just as easy to put Ubuntu onto a bootable USB stick. Just make sure you are disconnected physically from the internet.

Vitsila

newbie

Activity: 28

Merit: 0

I was searching for a topic that a user wrote about making the private key of a paper wallet offline.
He was recomended to make it on a new installed OS or with a live CD.
I want to ask if is the same secure to make it in a OS which is running in a vitrual machine like VMware?
And second question is : after i make the private key i have to connect the program in the internet so it gives me the Public Address?

durrrr

sr. member

Activity: 434

Merit: 251

I dont understand paperwallets really either. What exactly is the point? i get you can put it in cold storage and its more safe. But how do i get bitcoins back into useable form? and how do i know omone cant just type in number and get my bitcoin after its on paper.

alison03

sr. member

Activity: 294

Merit: 250

★Trash&Burn [TBC/TXB]★

wow, thank you everyone.

It's definitely still really confusing for me: I'm googling like every other word/phrase (split key address, .dat, etc) so this is like learning a new language in terms of terminology AND functionality. I really appreciate all the replies and will continue reading/researching.

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

I am trying to learn this too for last 3 months ...but still a failure. Cry

Domino

hero member

Activity: 662

Merit: 500

Vanity addresses refers to those addresses with a special pattern, say for example a bitcoin address starting with 1Bitcoin or 1234567.
You can generate such address yourself using vanitygen, or you can pay a vanity pool to do it for you.

Of course, you don't want others to know your private key.
So, if you want to use the service of a vanity pool, you should generate a split key address. You can do that in the vanity wallet tab.
FYR: https://bitcointalksearch.org/topic/m.901491

Domino

hero member

Activity: 662

Merit: 500

I believe most of your questions have been answered in dancupid's post.

Quote from: alison03 on March 24, 2014, 08:33:44 PM

On a side note, I went to this site: https://liteaddress.org and saw all the different tabs: brain wallet, single wallet, paper wallet, vanity wallet, bulk wallet...what is the difference in each and what do I use?

Brain wallet: https://en.bitcoin.it/wiki/Brainwallet

You can generate one private key (and so one address) in the single wallet tab.
You can generate multiple private keys (and multiple addresses) and print them in the same page and with some cool design in the paper wallet tab.
You can generate tons of private keys (and tons of addresses) in plain text in the bulk wallet tab.

CoinToTheMax

newbie

Activity: 25

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Quote from: sana8410 on March 25, 2014, 05:12:14 AM

Quote from: dancupid on March 24, 2014, 11:23:57 PM

I would suggest you got to https://www.bitaddress.org/ to get your Bitcoin paper wallet as it's open source- follow the github link at the bottom and download it and then run it offline (or if you want perfect security, on a fresh OS install that has never touched the internet)

The private key can be imported in all the main wallets , and you can spend directly from the private key by scanning the QR code on the Mycellium android wallet (and other places no doubt)

You can sweep the private key into Blockchain.info's wallet if you don't want to import it directly.

I would recommend not importing the private key into multiple different wallets as it can make things confusing.

I think this is the best tutorial.

Thanks for this

sana8410

sr. member

Activity: 448

Merit: 250

Quote from: dancupid on March 24, 2014, 11:23:57 PM

I would suggest you got to https://www.bitaddress.org/ to get your Bitcoin paper wallet as it's open source- follow the github link at the bottom and download it and then run it offline (or if you want perfect security, on a fresh OS install that has never touched the internet)

The private key can be imported in all the main wallets , and you can spend directly from the private key by scanning the QR code on the Mycellium android wallet (and other places no doubt)

You can sweep the private key into Blockchain.info's wallet if you don't want to import it directly.

I would recommend not importing the private key into multiple different wallets as it can make things confusing.

I think this is the best tutorial.

campycoin

hero member

Activity: 700

Merit: 500

Daily Bitcoins for your Paypal/Skrill

Checkout http://bitcoinpaperwallets.com Very cool site and a nicely priced package to get everything you need including an ubuntu Live Boot CD. I also wrote an article called "Rock-Scissors-Paper Wallet" that is pretty easy to readhttp://bitscan.com/articles/rock-scissors-paper-wallets

dancupid

hero member

Activity: 955

Merit: 1002

I would suggest you got to https://www.bitaddress.org/ to get your Bitcoin paper wallet as it's open source- follow the github link at the bottom and download it and then run it offline (or if you want perfect security, on a fresh OS install that has never touched the internet)

The private key can be imported in all the main wallets , and you can spend directly from the private key by scanning the QR code on the Mycellium android wallet (and other places no doubt)

You can sweep the private key into Blockchain.info's wallet if you don't want to import it directly.

I would recommend not importing the private key into multiple different wallets as it can make things confusing.

french684

newbie

Activity: 8

Merit: 0

Paper wallets are pretty dangerous imo. Just leaving your private keys on a sheet of paper like that...

pakerybie

newbie

Activity: 7

Merit: 0

Quote from: Abdussamad on March 24, 2014, 10:00:29 PM

A paper wallet is basically a money grab. It's used to sell stationery and holographic stickers like you see on that site you linked to above. The thing with paper wallets is that they are very limited in two main ways a) you get only one address per paper wallet b) spending from them is a bitch. Regarding b, if you don't spend from them correctly you can loose your money.

If you have only a small amount of bitcoins then storing them on a desktop wallet is fine. For larger amounts look into offline Electrum wallets.

Sort of true. But it can be useful to have a paper wallet backup like the one Blockchain.info provides (as long as you keep the paper wallet someplace safe).

Abdussamad

legendary

Activity: 3682

Merit: 1580

A paper wallet is basically a money grab. It's used to sell stationery and holographic stickers like you see on that site you linked to above. The thing with paper wallets is that they are very limited in two main ways a) you get only one address per paper wallet b) spending from them is a bitch. Regarding b, if you don't spend from them correctly you can loose your money.

If you have only a small amount of bitcoins then storing them on a desktop wallet is fine. For larger amounts look into offline Electrum wallets.

Topic: Teach me about paper wallets :) (Read 3807 times)