Wallet question | Bitcointalksearch.org

DannyHamilton

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Quote from: Vitsila on May 07, 2014, 05:05:37 PM

Quote from: DannyHamilton on May 01, 2014, 07:29:15 AM

Quote from: evi_stale on May 01, 2014, 07:09:55 AM

There are people who claim that as soon as they enter their password, all their coins gets stolen automatically by being transsfered to another address.
How can you prevent this?

Keep the computer that stores your bitcoins offline.

If the computer is offline can i accept bitcoins?

Yes.

You can also send bitcoins if you use a wallet such as Armory or Electrum offline.

Vitsila

newbie

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Quote from: DannyHamilton on May 01, 2014, 07:29:15 AM

Quote from: evi_stale on May 01, 2014, 07:09:55 AM

There are people who claim that as soon as they enter their password, all their coins gets stolen automatically by being transsfered to another address.
How can you prevent this?

Keep the computer that stores your bitcoins offline.

If the computer is offline can i accept bitcoins?

DannyHamilton

legendary

Activity: 3472

Merit: 4801

Quote from: monsterbitty on April 29, 2014, 01:28:34 AM

When you lock wallet, you can only stop sending out from your wallet address

This is not true.

Locking a wallet does not prevent sending from the address, it only prevents sending using that wallet software program. If the private key is imported into another wallet, then the bitcoins can still be spent.

DannyHamilton

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Quote from: evi_stale on May 01, 2014, 07:09:55 AM

There are people who claim that as soon as they enter their password, all their coins gets stolen automatically by being transsfered to another address.
How can you prevent this?

Keep the computer that stores your bitcoins offline.

evi_stale

full member

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Merit: 100

There are people who claim that as soon as they enter their password, all their coins gets stolen automatically by being transsfered to another address.
How can you prevent this?

Hash72

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★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: byt411 on April 28, 2014, 03:17:15 PM

Quote from: jjj0923 on April 28, 2014, 05:01:06 AM

quick question

if I lock my wallet does that still allow transfer in, but not transfers out?

Simple answer is yes, since your wallet is password-protected and no one can access your private key.

Complicated answer is not really, since you can still export the private keys and then lock the wallet, then import the address somewhere else and spend the funds there.

Plus all above ..Locking your wallet prevent you to do mining process specially with POS coin but still you can receive transaction in ..but you need to unlock it to send out ..

monsterbitty

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When you lock wallet, you can only stop sending out from your wallet address, but you cannot stop receiving money.

someguy123

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CEO of Privex Inc. (www.privex.io)

Quote from: jjj0923 on April 28, 2014, 05:01:06 AM

quick question

if I lock my wallet does that still allow transfer in, but not transfers out?

When you lock your wallet, this only prevents you from sending funds FROM the wallet. Your public addresses will continue to receive funds exactly the same, and are not affected by whether your wallet is locked or not.

tesene

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Right, the transactions happen on the blockchain. it just means transactions cannot be made from your wallet while it's locked.

byt411

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Quote from: jjj0923 on April 28, 2014, 05:01:06 AM

quick question

if I lock my wallet does that still allow transfer in, but not transfers out?

Simple answer is yes, since your wallet is password-protected and no one can access your private key.

Complicated answer is not really, since you can still export the private keys and then lock the wallet, then import the address somewhere else and spend the funds there.

Initscri

hero member

Activity: 1582

Merit: 759

Quote from: jjj0923 on April 28, 2014, 05:01:06 AM

quick question

if I lock my wallet does that still allow transfer in, but not transfers out?

Simple answer: Yes.

You will receive a public address. Anyone can send to that address. When you load your machine up and load the BlockChain, the Bitcoins will show up within your wallet.

jjj0923

sr. member

Activity: 266

Merit: 250

quick question

if I lock my wallet does that still allow transfer in, but not transfers out?

Topic: Wallet question (Read 828 times)