Quote:
Originally Posted by dcortez
Question about wallets...
Is the Private Key, what defines one's Bitcoin "stash"?
Looking at this stuff, reminds me of (1990's) PGP Private and Public key concepts.
1) If my Wallet get trashed, can I just re-enter my Private Key (from a paper record, or text file) and continue where I left off on a new Wallet?
2) Can I have several Wallets at the same time for the same Private Key?
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1) yes, though most wallets give you a "seed phrase" which the private key is derived from. I use electrum bitcoin wallet, it generated a seed phrase for me which I stored in an encrypted file. I could download electrum on a different machine, input this seed phrase, and access the funds.
2) 1 seed phrase can generate infinite addresses. electrum makes this easy. metamask wallet (for ethereum) also makes it easy. just give it a try, you'll see how easy it is.
don't keep your seed phrase in an unencrypted text file. if you're storing your seed phrase digitally, it would be best to store it in an encrypted file on an encrypted USB drive or on a machine with an encrypted hard drive.
also I would recommend using linux for crypto transactions, there's too many viruses targeting windows/osx