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Board Development & Technical Discussion
Merits 1 from 1 user
Re: how to check is private key valid?
by
fred21
on 22/06/2017, 10:32:08 UTC
⭐ Merited by ETFbitcoin (1)
 if I understand well : private key is a combining of random number between 1 and 10^77.

From this private key is derived a bitcoin address with a precise algorithm.

As long as you send BTC to this bitcoin address which has been derived from your private key : you can safely say that you have the control of your fund and that your private key is valid.

can someone confirm?