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Post by mrnewguy on Oct 30, 2017 7:08:31 GMT -6
Log in to the website and you can start the procedure to secure your offline paper wallet! my.electroneum.com/ |
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Post by Jeroen on Oct 30, 2017 7:23:06 GMT -6
I created the 'paper', but can not see how much ETN is on it. ?
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Post by Tristan on Oct 30, 2017 7:56:22 GMT -6
Use your ETN profits to invest in USI-Tech. Safe, secure platform. 40% ROI over 140 days. 100% Automated. Minimum Investment 50EUR. tristanh.usi-tech.info/ For every 10 persons who sign up AND purchases at least 1 package, I will give away 1 free 50EUR package. |
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Post by Pete on Oct 30, 2017 9:01:16 GMT -6
Let's start talking about the basics of this, as people are going to be asking tons of questions and not all the answers are evident on the dashboard/wallet generation page!
OK, so we create the wallet... it has a space to write the amount and date etc.
1. My ETN that I purchased is still shown on the dashboard, but I assume that this quantity is now recorded in the wallet?
2. If I buy more ETN in future or acquire it by mining, do I create another paper wallet for that? In which case how do I control quantity to send to offline wallet? Or is it all recorded elsewhere and my wallet "updates" itself.
3. If I want someone to send me ETNs, then I show them the code or QR code under "Public Wallet". They can scan this with their phone?
4. How can we send ETN from phone to phone without using paper wallet? And does the same wallet address feature or we just use the temporary wallet in the mobile app? (mobile app still shows total amount of ETN purchased?)
I'm printing two copies, one to carry around in case the house burns down and one to keep locked up at home.
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vish
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Now we wait
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Post by vish on Oct 30, 2017 10:25:16 GMT -6
1. the site says on nov 1st they will give you a online wallet on the site with the amount of coins you purchased. Assuming this will be linked with the app on your phone/same account. these will then theen to be transfered to your offline paper wallet if you so choose.
2. Any wallet you create online or offline will have an address linked with it that you can send funds to or from. I guess we just use these addresses/qr codes to move funds to and from.
3. yup, give them the code/adress and they can send payments to you ... just same as paypal works.
4.see above.
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Post by mrnewguy on Oct 30, 2017 10:26:10 GMT -6
Once created, the paper wallet is empty. You will have to send your ETN coins from the site to the wallet (to the address on your paper wallet). Only then your wallet will have coins in it. Must wait 1st Nov tho
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vish
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Now we wait
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Post by vish on Oct 30, 2017 10:27:21 GMT -6
I created the 'paper', but can not see how much ETN is on it. ? On the site it says "On Nov 1st you will receive your wallet containing a total of ------- Electroneum" ..... so any paper wallets you make now will be empty... seens they havnt actually given us our coins yet... on the 1st we'll get them given on the site in an online wallet.. then you can move them to where ever you please. |
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Post by Pete on Oct 30, 2017 11:31:13 GMT -6
OK, so once you have transferred your ETN to your wallet, if you later get more ETN do you add that to the same wallet or make a new wallet for it?
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Post by mrnewguy on Oct 30, 2017 12:09:39 GMT -6
OK, so once you have transferred your ETN to your wallet, if you later get more ETN do you add that to the same wallet or make a new wallet for it? you add them to your wallet |
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Post by Pete on Oct 30, 2017 12:38:52 GMT -6
Ok, so the wallet has a place to record the amount, so you can either change this or else print the PDF out again?
I am just wondering in what circumstances you would go back to the dashboard and go to the wallet creation page again, and if you did this would that then be a brand new wallet with a different code and nothing in it or a copy of the first wallet?
I suppose I am trying to get my head around the permanence and future versatility of the paper wallet having not used one before.
Hopefully the questions and answers here will benefit other forum users! I think you are a bit ahead of me, I am only two months into my crypto journey and have lots of catching up to do, haven't really been involved in financial investing since the 1990s and the world has changed a lot since then.
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Post by Guestiiiii on Oct 30, 2017 23:20:05 GMT -6
Ok, so the wallet has a place to record the amount, so you can either change this or else print the PDF out again? I am just wondering in what circumstances you would go back to the dashboard and go to the wallet creation page again, and if you did this would that then be a brand new wallet with a different code and nothing in it or a copy of the first wallet? I suppose I am trying to get my head around the permanence and future versatility of the paper wallet having not used one before. Hopefully the questions and answers here will benefit other forum users! I think you are a bit ahead of me, I am only two months into my crypto journey and have lots of catching up to do, haven't really been involved in financial investing since the 1990s and the world has changed a lot since then. If you create a new wallet its like creating a new bank account, will be empty and has nothing to do with your first wallet. You can for example ise this second wallet to deposit new ETNs you will mine. You can create as many wallets as you want. |
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Post by jason on Oct 31, 2017 3:11:03 GMT -6
A quick questions:-
If you have downloaded the App on your phone do you have to complete the whole paper wallet?
Is it possible to leave the coins in the wallet on the App and then transfer them if you decide to either sell them on sites like Bittrex or cryptopia. (My intention is to not sell them for some time) and when and if I decide to sell tham then at that time transfer them to the online wallet on which ever exchange is listing/trading Electroneum.
Can someone please clarify the above.
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vish
Atom
Now we wait
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Post by vish on Oct 31, 2017 4:09:25 GMT -6
A quick questions:- If you have downloaded the App on your phone do you have to complete the whole paper wallet? Is it possible to leave the coins in the wallet on the App and then transfer them if you decide to either sell them on sites like Bittrex or cryptopia. (My intention is to not sell them for some time) and when and if I decide to sell tham then at that time transfer them to the online wallet on which ever exchange is listing/trading Electroneum. Can someone please clarify the above. correct.. once you download the app on your phone that will be linked with your Electroneum site profile. the amount of coins you bought on site will show up in your phone app also. Thats your online wallet. Now you can leave the coins in there if you like and they will be safe to store for long term... or .... you can transfer them to the offline paper wallet. ...... or ..... do both and have the bulk offline and a few online. the choice is yours. The only difference is the offline wallet is hack proof as its not connected to the net so to speak. If your phone gets hacked then theres a chance your online wallet could get abused and coins lost. To be honest you dont need the offline wallet .. its just another level of security that you can use for long term storage of coins. How often does your phone get hacked??? well never and its such a tiny chance of ever happening. But then again if long term storage and sitting on your coins is your plan like most people,then the offline wallet is probably the better way to go for the bulk of your coins. What i plan to do is maintain the offline wallet with 90% of my long term coins and keep a few plus anything i mine on the online mobile app wallet for flipping on the exchange if need be. |
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Post by mrnewguy on Oct 31, 2017 4:25:10 GMT -6
Ok, so the wallet has a place to record the amount, so you can either change this or else print the PDF out again? I am just wondering in what circumstances you would go back to the dashboard and go to the wallet creation page again, and if you did this would that then be a brand new wallet with a different code and nothing in it or a copy of the first wallet? I suppose I am trying to get my head around the permanence and future versatility of the paper wallet having not used one before. Hopefully the questions and answers here will benefit other forum users! I think you are a bit ahead of me, I am only two months into my crypto journey and have lots of catching up to do, haven't really been involved in financial investing since the 1990s and the world has changed a lot since then. If you create a new wallet its like creating a new bank account, will be empty and has nothing to do with your first wallet. You can for example ise this second wallet to deposit new ETNs you will mine. You can create as many wallets as you want. The paperwallet-bank account similarity is well put. |
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Post by Pete on Oct 31, 2017 12:45:16 GMT -6
Thanks to vish and mrnewguy for the good advice.
So, just to clarify, even if one doesn't use any further wallets, the first wallet can still be added to and spent from indefinitely.
I think what people can't get their heads round is how an unchanging simple piece of paper can reflect changing balances of coins, but the answer I think is that it's the code that is on the paper that when used will access the transaction record and provide an up to date amount of coins allocated to that address/code?
I'm probably not using the right terminology, but is that roughly how it works? Or have I got the wrong end of the stick completely?
I think the website/app should have an idiots guide to this!
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helps us both out. 