Lock

Locking sends your bitcoin to an address that only your own key can open, on a date you choose. Until then nobody can move it, not even you. This kind of lock is called a timelock.

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No outside review yet

Nobody outside this project has checked the code that builds a lock. A mistake could leave coins stuck. If you are thinking of a large amount, wait for that review.

Who you are

You have to be on the register first: sign the declaration, which is free. A lock belongs to the key you signed with, so this page can work it out from your signature. You are not asked for any key, word or password here, and this page never holds any.

How long

Your bitcoin comes home on the date, whatever happens, and nobody can stop it.

Until your date, you can't touch it

If bitcoin's price halves, you cannot sell. Only lock what you can leave alone for the whole time. A longer lock counts for longer, and leaves you exposed for longer.

Waiting

Say who you are and choose a length.

Taking it home

On the date, the key you signed the declaration with can move the bitcoin to any address you choose, with nobody else involved. Until then, nobody can.

What you will actually do: open a tool that knows about locks, tell it which lock, and approve one payment with your own wallet or device. You will not paste anything or work anything out.

What has been proved, and what has not. Sending to a lock works from any wallet. Taking the bitcoin out needs your wallet to sign for an unusual kind of address, and that is where wallets differ.

  • The Crowdlock app's own wallet: proved on a test network.
  • A Ledger: proved on a test network, in the Crowdlock app by cable and Bluetooth, and on this page. One real-bitcoin lock has been made with a Ledger in the app. Nobody has taken a real-bitcoin lock home yet, because none has reached its date.
  • Sparrow, Electrum and others used directly: not tested. We do not know that they can sign for this kind of address, and will not say they can until it has been tried.

This is why the page is closed for real bitcoin: a lock that cannot be taken home is the one mistake that cannot be undone. Everything a tool needs is public, so any future tool can do it.

Before you lock real bitcoin

Read the risks page first. It is short, specific and not reassuring. Bitcoin you lock is out of reach until its date, except through a purchase you have personally signed for.

In many countries sending, receiving or moving bitcoin has tax or reporting rules. They differ, and finding out yours is up to you.