I had some btc in a hardware and I transferred to my new blockchain account. But now it shows in a imported address. Do I have access from my blockchain? Can I sell, exchange … or watch only?
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How did you transfer? By sending coins, or by importing an address? – Pieter Wuille May 12 '22 at 19:59
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I think importing. I’m new at this – Nah May 12 '22 at 20:56
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In that case, there is no way that your blockchain.info can spend the coins, as it does not have the key. – Pieter Wuille May 12 '22 at 21:14
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Can I put the key somewhere? I n the blockchain i mean – Nah May 12 '22 at 21:23
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That would defeat the purpose of a hardware wallet. If it functions correctly, there should be no way to extract the private keys from it. If you want to move the coins off the device, move them by creating a transaction. I'm also a bit puzzled why you'd want this in the first place, given that you already appear to have a hardware wallet (a very decent option for self custody), and would be moving to the very flimsy security an online wallet provides. – Pieter Wuille May 12 '22 at 22:49
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The hardware it’s actually my father’s and he has others wallets there. And he wants to give me one – Nah May 12 '22 at 23:49
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An imported address is watch-only and cannot be used to spend money.
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RedGrittyBrick
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One use for imported addresses is for a wallet you can use to monitor your balance without any risk that someone could use the wallet to steal your money or that a virus or malware infection of the PC can steal money. Meanwhile you keep the private keys in a separate "cold wallet" on a PC or device that is not ever connected to any network (Wifi, bluetooth, ethernet, etc) and is therefore much safer. A watch-only wallet can receive money and calculate a balance but cannot spend it. – RedGrittyBrick May 13 '22 at 13:44
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Thank you so much for the information! So if I want to use or spend the only way it’s to transfer? – Nah May 13 '22 at 15:05
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The way I understand what you describe is that your father can spend the money but you can't. If your father wants to give you the ability to spend this money, the easiest way is for him to create a normal bitcoin transaction paying you by sending money to a receiving address you generated using a wallet you created yourself - preferably not a custodial wallet like a blockchain account unless you plan to lose all the money in learning day trading or something :-) – RedGrittyBrick May 13 '22 at 15:20
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That’s exactly what I need! So I need to ask for a transaction. What is a custodial wallet? I’m not going to lose it I promise lol – Nah May 13 '22 at 16:15
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