Author

Topic: Transferring BTC (Read 532 times)

newbie
Activity: 35
Merit: 0
May 17, 2013, 06:56:38 PM
#13
If I transfer BTC from an exchange to my wallet which is on an offline computer, what happens? I will bring it back up in a week but what happens to the BTC, do they not send or stay still? Thanks.

They still transfer. All you need is a wallet.dat Smiley Don't lose it. You'll lose your wallet if your "wallet.dat" gets deleted.

Is it a solution to copy wallet.dat than save it somewhere in the cloud? (like GDrive, or DropBox?) Thx!

Yes it is. But the wallet.dat should be encrypted! Anyone who has access to unencrypted wallet.dat (or is able to decrypt it) have access to your bitcoins in that wallet.
You can encrypt it in the bitcoin program or you can encrypt it independently (or both). Do not loose/forget the password!

What you can do is use TrueCrypt coupled with DropBox and encrypt it on bitcoin-qt.
full member
Activity: 154
Merit: 100
May 17, 2013, 07:24:05 AM
#12
Can anyone answer my question: how long it take to transfer BTC from btc-e to mtgox? thanks
sr. member
Activity: 475
Merit: 255
May 17, 2013, 07:20:20 AM
#11
If I transfer BTC from an exchange to my wallet which is on an offline computer, what happens? I will bring it back up in a week but what happens to the BTC, do they not send or stay still? Thanks.

They still transfer. All you need is a wallet.dat Smiley Don't lose it. You'll lose your wallet if your "wallet.dat" gets deleted.

Is it a solution to copy wallet.dat than save it somewhere in the cloud? (like GDrive, or DropBox?) Thx!

Yes it is. But the wallet.dat should be encrypted! Anyone who has access to unencrypted wallet.dat (or is able to decrypt it) have access to your bitcoins in that wallet.
You can encrypt it in the bitcoin program or you can encrypt it independently (or both). Do not loose/forget the password!
jr. member
Activity: 37
Merit: 20
May 17, 2013, 06:30:08 AM
#10
Hi Looking to get 129 Btc from Cash anybody in UK got any to sell?
member
Activity: 67
Merit: 10
May 17, 2013, 06:13:12 AM
#9
If I transfer BTC from an exchange to my wallet which is on an offline computer, what happens? I will bring it back up in a week but what happens to the BTC, do they not send or stay still? Thanks.

They still transfer. All you need is a wallet.dat Smiley Don't lose it. You'll lose your wallet if your "wallet.dat" gets deleted.

Is it a solution to copy wallet.dat than save it somewhere in the cloud? (like GDrive, or DropBox?) Thx!
newbie
Activity: 35
Merit: 0
May 17, 2013, 05:48:22 AM
#8
Thanks all.
newbie
Activity: 28
Merit: 0
May 16, 2013, 08:26:00 PM
#7
If I transfer BTC from an exchange to my wallet which is on an offline computer, what happens? I will bring it back up in a week but what happens to the BTC, do they not send or stay still? Thanks.

They still transfer. All you need is a wallet.dat Smiley Don't lose it. You'll lose your wallet if your "wallet.dat" gets deleted.
sr. member
Activity: 351
Merit: 250
May 16, 2013, 07:37:34 PM
#6
Bitcoin is a public ledger system. The bitcoins don't really exist in your wallet but in the public ledger.

Every node (bitcoin-qt) has a copy of that complete ledger. So when you send your bitcoins from an exchange to your wallet all the nodes record that transaction.

When you bring your offline computer back online it will resync with the other nodes in the network and it will (once it gets the transaction) show you the correct balance.
newbie
Activity: 35
Merit: 0
May 16, 2013, 07:32:14 PM
#5
I haven't sent them yet as I don't have access to that computer
newbie
Activity: 14
Merit: 0
May 16, 2013, 12:18:11 PM
#4
Have you got them yet?
newbie
Activity: 31
Merit: 0
May 16, 2013, 12:09:08 PM
#3
What i know about that is that when you get online again it will appear on your wallet. Correct me if i'm wrong.
newbie
Activity: 14
Merit: 0
May 16, 2013, 11:57:07 AM
#2
If I transfer BTC from an exchange to my wallet which is on an offline computer, what happens? I will bring it back up in a week but what happens to the BTC, do they not send or stay still? Thanks.
. What will happen? Bitcoins will be teansferred..
newbie
Activity: 35
Merit: 0
May 16, 2013, 11:53:47 AM
#1
If I transfer BTC from an exchange to my wallet which is on an offline computer, what happens? I will bring it back up in a week but what happens to the BTC, do they not send or stay still? Thanks.
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