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If you want to transact the coins out of the wallet, then yes you need to download the blockchain. I know there are some clients that don't need the whole bloc
by yebyen 9y ago
If you want to transact the coins out of the wallet, then yes you need to download the blockchain. I know there are some clients that don't need the whole block chain, but I'm not sure if I trust them over core bitcoin? Do you have a favorite one that supports importing keys from a wallet.dat?
- yebyen 9y agoWhy downvoted? I'm not being disingenuous, I had coins in a cold offline wallet, and it was a serious endeavor to get them out to where I could spend or cash them. I had to spend days downloading a block chain and the only thing that kept me from freaking out was that I knew this would work, having done it plenty of times when the chain was shorter. I couldn't find any way to retrieve coins from a wallet.dat without downloading the block chain first. I had thousands of dollars tied up for days while I waited. I can't imagine what it would be like when the block chain was 8x its current size, or if I had more than one cold wallet and I needed to empty all of them in any kind of a hurry (like, in time to capitalize on a bubble before it pops!)