22 Oct '12, 7am

I Kind of get it. . . Please help me that little bit. . . #bitcoin

Quote from: zo0omer on Today at 07:30:20 AM I Can withdraw my coins to an Address using Mt.Red, but I'm not quite sure where the wallet comes into play? Your wallet serves several purposes. It provides a way to generate addresses for receiving coins. You state, "I can withdraw my coins to an address using Mt.Red," but where are you getting the address that you will use? It provides a way to keep track of the total coins that you have control over if you happen to have them spread out over multiple addresses. It provides a way to transfer coins that you have control over to a new address (such as an address at Mt.Gox). Quote from: zo0omer on Today at 07:30:20 AM I've seen people talk about backing up the wallet? Note that all you need for receiving coins is a valid address, but if you ever want to send those coins anywhere, you also need the specific private key associated ...

Full article: https://bitcointalk.org/index.php?topic=119742

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