Tuesday, February 11, 2014

Bitcoin 101 - Getting Your BTCs out of Your Paper Wallets & Cold

Bitcoin Wallpaper (2560x1600)
Bitcoin Wallpaper (2560x1600) (Photo credit: PerfectHue)

Are your bitcoins stuck in cold storage or on your paper wallet? Sure those are both GREAT places to keep them, but how do you get them out? That's the goal of this video. Hopefully by the end of these videos you will no longer be afraid to take your bitcoins out of the reaches of malware programmers.

This is part two of our bitcoin security series. Here's the intro to the series...


Bitcoin security? UGH!!! Way too many bitcoins are being stolen by crafty malware programmers.

Bitcoin does so many things better than banks (trusts, escrows, programmable money, cheap transfers, instant accounts, etc.), but one area that is not quite so nice, is security.

While the bitcoin network, itself, appears bullet-proof, lots of bitcoins are being stolen, via hacking, malware and flaws in online wallets and even google's random number generator.

The answer is to get your bitcoins entirely offline, and the two ways to do this are paper wallets and cold storage. The previous video is an introduction to making both, while this video focuses on how to get your bitcoins out of cold storage (to spend, to move to another wallet, etc).

James walks you through the software and ideas used in making 'sloppy' offline wallets (which are great to have). He also gives suggestions at making even better offline wallets. This is the first of many videos we will make on bitcoin security, and the least technical.

We hope you'll enjoy.

Here's the public address to the wallet we sent the funds too...good luck...hope you get there first.
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