How to send/receive Bitcoins from cold wallet?

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I have generated a Cold Wallet using bitaddress.org (pub + priv key)

How do I send / receive Bitcoins from / to the generated addresses?
Is there something I should mind about?
Receiving seems to be easy: Just send Bitcoins to the generated Bitcoin Address, correct?

I have no problem to use the commandline.

Is there a way to do this (send / receive) without needing to use my private key on a computer connected to the internet?

Thanks for helping

Florian Schneider

Posted 2015-06-13T13:48:35.597

Reputation: 101

Answers

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"Is there a way to do this (send / receive) without needing to use my private key on a computer connected to the internet?"

Yes, search for 'offline wallet'. The basic idea is the following:

  • download the 'offline wallet' webpage you liked
  • you must be online to fill blanks like addresses, amount and fee
  • sign the transaction while offline and copy it
  • go to a website that broadcast transactions
  • paste your raw transaction already signed and push it

In my opinion, this is the safest way for non-developers to do bitcoin transactions.

Mark Messa

Posted 2015-06-13T13:48:35.597

Reputation: 474

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You could add a watch-only address for your "online created cold address" (which you probably can read-out the irony in my sentence).

bitcoin-cli importaddress <myaddress> (this will produce a rescan and take therefore some minutes/hours)

After that, you can check your balance as you would do with a "normal" addresses.

To spend, you could use the rawtransaction command (it's a bit tricky, see here). With signrawtransaction you can use a private key (in the format you have created it over bitaddress.org) to sign your transaction.

Jonas Schnelli

Posted 2015-06-13T13:48:35.597

Reputation: 5 465