How to use TimeLocks? \ stacker news ~bitcoin

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239 sats \ 10 comments \ @criptopanas 17 Sep bitcoin_beginners

Hello,

I'm looking for a way to send a txt with a condition, per example, the receiver will need to wait until X block or X time in order to use this UTXOS.

Yesterday, I was experimenting with Sparrow and the timelocks. As far as I understood, this wallet allows to set up a time lock, but the transaction is not broadcasted until the blockchain reach the block height or defined date. Then, the sender needs to go back to the wallet and broadcast the txt...

Which wallets would allow sending a transaction with a condition?

Thanks!

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1073 sats \ 3 replies \ @supertestnet 17 Sep

You can use coinb.in for this

Go to the top and click "New > Time Locked Address" and then follow the instructions

Send money to the address it gives you
Save your redeem script
Save your private key

When the delay is over you can withdraw the money here:

https://coinb.in/#newTransaction

Paste the redeem script into the first box
Enter where you want to send the money to
It will spit out a "raw transaction" which is not yet signed

When you have the raw transaction, go here to sign it:

https://coinb.in/#sign

Paste the private key you saved earlier
Paste the raw transaction
Hit submit
It will spit out a "signed transaction"

When you have the signed transaction, go here to broadcast it:

https://coinb.in/#broadcast

Enter the signed transaction
Hit submit
You're done! Watch your money arrive in the address you specified

0 sats \ 1 reply \ @criptopanas OP 18 Sep

Does this wallet support any testnet?

0 sats \ 0 replies \ @supertestnet 18 Sep

Yes, if you go to Help > Settings you can change it to Bitcoin Testnet which is also known as testnet3 on sites like mempool.space

0 sats \ 0 replies \ @criptopanas OP 18 Sep

Thanks for the step by step information!

100 sats \ 1 reply \ @DarthCoin 17 Sep

Try also https://wizardsardine.com/liana/

0 sats \ 0 replies \ @criptopanas OP 17 Sep

Gracias Darth, le echaré un vistazo

0 sats \ 1 reply \ @OT 17 Sep

The fidelity bond on join market uses time locks. The easiest way to try it is with "jam" which runs on some node OS like start9 or umbrel.

You can lock it for the month up to a year I think.

0 sats \ 0 replies \ @TheWildHustle 17 Sep

Jam has great UI/UX.

0 sats \ 0 replies \ @bitalion 17 Sep

I've been doing some research and Trezor suite is another wallet that allows blocking transactions at a certain block height, which of course only works with a connected trezor.

0 sats \ 0 replies \ @fa1c114448 17 Sep freebie

Smart contract timelocks introduce a mechanism to delay the execution of functions. These contracts use modifiers that modify how functions operate, ensuring they remain inactive until a predefined time period has elapsed