Do I Even Need A Wallet?

Discussion in 'Questions' started by BitcoinSqueeze, Mar 27, 2017.

  1. 2017/12/15 - Decred v1.1.2 released! → Release Notes  → Downloads
  1. BitcoinSqueeze

    BitcoinSqueeze New Member

    Dec 27, 2015
    2
    2
    Male
    So I have my coins from the original airdrop, saved the 33-word seed but never created or deposited into a wallet. Can this be done at any time? Is there any advantage to not having a wallet and keeping coins "offline" (security)? I do plan to hold for a long time.
     
  2. anvoice

    anvoice Member

    Dec 22, 2015
    229
    78
    Male
    The only downside to not having a wallet if you're holding is that you can't stake. For security, it's certainly a little better to not have one.
     
  3. Shadowlance

    Shadowlance Full Member

    Jan 9, 2016
    220
    155
    Male
    Technically, a wallet was created for you using the original seed. I guess, more correctly, you could say you don't have an active wallet (you can have an active, offline wallet).

    There is no problem with having no active wallet (i.e. no wallet.db file or connection to the network) as the network can identify your transactions using the seed words, so you can delete everything, then just restore from the words whenever you want to access your funds.

    Although, as anvoice has mentioned, this means you cannot participate in PoS, although you could create a wallet, sign up to a stake pool, buy your tickets then delete your wallet again if you're worried about access and still want to participate.
     
  4. buttongoose

    buttongoose New Member

    Mar 25, 2017
    29
    9
    Male
    USA
    Found this info about new Decred wallets by Holy Transaction in the Poloniex Trollbox this morning.

    https://blog.holytransaction.com/2017/03/decred-wallet.html
     
    ClokworkGremlin likes this.
  5. Dimumba

    Dimumba New Member

    Dec 8, 2017
    4
    0
    Male
    London
    A long time I used it, right now went to another wallet. They are almost the same.
     

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