Post
Topic
Board Project Development
Re: Islamic Bank of Bitcoin{}بنك بتكوين الاسلامي
by
silvertree
on 10/08/2012, 01:28:42 UTC
Is it like having my wallet on a peice of paper?
If i ever manage to buy some bitcoin i have them sent to the address on the cheque?
And there is no trace of the transaction on my computer?

You could use it as a paper wallet, I suppose. The idea is that it's a paper wallet you can hand to someone like a cheque.

Now i think i am getting it..How would i cash the cheque or move the coins to an online wallet to spend them?

Thanks for your time BTW..I am really not technicly minded as is obvious..lol

MTGox, and possibly others, have "redeem private key" options, where you input the private key, and it uses that to grab the coins.

Sounds easy.
One more stupid question.lol

If i was meeting some one to buy bitcoins with cash and they were to load the cheque, if so how would i know the coins were succsesfully loaded or would it be purley be down to trust and best not used for this kind of transaction?