Post
Topic
Board Beginners & Help
Re: Private Key
by
Pkofet
on 29/10/2014, 10:15:49 UTC
I'm going to sound like a total BTC noob here but **** it.....

I use blockchain.info as my wallet, I make regular backups when I buy BTC but.....

I have a written down copy of my address
I have a copy of my private key (I think it's the private key, begins with a 5 & 51 characters long, anybody?Huh)

If blockchain.info does a Moolah or an MtGox am I safe as I have a copy of the above?
Please tell me this is all I'd need to restore my wallet balance somewhere else?

It's the only fear I have, losing all my coins.
I don't want to create a paper wallet but am I ok because I have the above written down in a safe place?

Please somebody?


It would be best to move your coins to a Bitcoin core wallet. If blockchain.info was to go down, they might take all the coins out of their wallets as well so you wouldn't be safe.

Blockchain.info only has an AES-encrypted copy of your wallet on their server. All the encryption and decryption are done within your browser and so your private keys don't get sent to the blockchain.info server.