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New Wallet: Test Transaction vs. Signing A Message

Bitcoin Reddit

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The usual advice when setting up a new wallet is to send a small amount to one of the addresses and then send it back out, to make sure you control the wallet.

How does this compare to just signing a message from one of the addresses in the wallet? I.e.: create some message, sign it with one adress and verify the signature on another device.

Benefits of signing a message:

-No cost

-No leak of address's public key/signature to the network

-Can check the exact address you want to use. This is not possible with test transactions, unless you are willing to reuse the address after the test transaction.

Shortcomings:

-You tell me

submitted by /u/theyseemestackin
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