Silk Road forums
Discussion => Shipping => Topic started by: hotcrossbuns on April 21, 2013, 10:24 pm
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QQ 4 QA PLEASE: LOCALBITCOINS.COM SECURE TO SEND STRAIGHT TO SR?
Thanks
HOTCROSSBUNS
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I'd download an offline client and send the coins to this intermediary wallet first.
At least this way there's no direct link between your localbitcoins account and SR.
I noticed in another thread that you're vending as well so I wouldn't skip this step as it really doesn't take a lot of work.
An offline wallet is also a safer place to store your coins than some random website.
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Thanks Duff,
Yeah I am just in first month,
I use this for buying and try and keep everything separate..
Is there a particular offline wallet you could recommend?
Cheers
(+1 if I could) h+B
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I can definitely recommend Electrum for its ease of use and it has a portable version as well. :)
You'll also be given a random sentence called a seed when you first create your wallet.
Write down or backup this sentence somewhere safely as you'll be able to use it to restore your wallet should you ever lose it.
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encrypt the phrase in a text file with your PGP key
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I'd download an offline client and send the coins to this intermediary wallet first.
At least this way there's no direct link between your localbitcoins account and SR.
It's not a DIRECT link, but it's still a link. The method you described only puts an indirection between the exchange and SR. A mixing service like blockchain.info's "shared send" or bitcoin fog would completely break this chain.
I noticed in another thread that you're vending as well so I wouldn't skip this step as it really doesn't take a lot of work.
An offline wallet is also a safer place to store your coins than some random website.
This is true, the safest client for a completely offline "long-term" storage is Armory. CLEARNET: https://bitcoinarmory.com/