Nov 29, · Encrypted paper wallets can be identified by the “6” which starts the private key. Begin the paper wallet import by clicking the Import Bitcoin Address button near the bottom of your screen. Returning to your Blockchain wallet, import the address from your paper wallet. Nov 29, · Perhaps the easiest method to spend your Litecoin is through litewallet, the mobile wallet developed by the Litecoin Foundation. Go to Menu-> Settings-> Start/Recover Another Wallet Scan the QR code of your private key. May 14, · You can send BTC from paper wallet to an exchange or hardware wallet. But before sending Bitcoin from paper wallet to somewhere else, you will need to import/sweep your paper wallet by using a paper wallet importer service. For that purpose, we’re going to use mentioned Blockchain cryptocurrency exchange, which lets us do that.
How to spend bitcoin from paper walletHow to Spend a Bitcoin Paper Wallet in Three Steps - Bitzuma
For example, Coinbase. In this case, it is recommended that you use software such as Mycelium Android or Bread IOS to sweep your paper wallet and send the funds to your Coinbase. Not many bitcoin wallet applications or web services are able to directly import BIP38 password-protected private keys. In this case, you will have to use the "Validate" feature on the generator to extract the unencrypted Wallet Import Format WIF key as an intermediate step before sweeping the balance.
Let's say you have some Bitcoin on paper wallet and you want to sell it on Coinbase. Here's how you might accomplish that:. Depending on when your paper wallet was funded, it may hold cryptocurrency balances besides your Bitcoin. This may result in significant added value to your paper wallet. How do I add bitcoins to a paper wallet? How do I withdraw them? How to transfer bitcoins to a paper wallet Open your live wallet software e.
In this case, it is recommended that you use software such as Mycelium Android or Bread IOS to sweep your paper wallet and send the funds to your Coinbase Important note for BIPencrypted paper wallets Not many bitcoin wallet applications or web services are able to directly import BIP38 password-protected private keys.
Example of spending from a paper wallet Let's say you have some Bitcoin on paper wallet and you want to sell it on Coinbase. Here's how you might accomplish that: Install and set up a trustworthy Bitcoin wallet on your phone, for example using Mycelium for Android or Bread Wallet for IOS Now, using a different device e. Login to Coinbase, go to 'Accounts' and then click on the 'Receive' button for your Bitcoin account.
This will display a QR code on your screen. Now open up your paper wallet to reveal the private key and QR code. Now, scan your private QR code using your phone's wallet software. Those who have chosen paper wallet to cold store their Bitcoin need to pay extra sweep Bitcoin private key charges whereas hardware wallets are immune from such charges. It only takes minutes to send Bitcoin from paper wallet to other wallets including hardware wallets.
In this post I will guide you through. To import or sweep Bitcoin paper wallet, you will need to pay a fee, which varies exchange to exchange. This way your coins remain assigned to the same paper wallet private key but at the same time they appear into your online or software wallet too. You can spend your Bitcoin using either way from Bitcoin paper wallet or directly from where you have imported your private keys.
This way your private key will no longer be assigned to your bitcoins. Similarly, if any malicious computer program such as Trojan, is running into your machine then your private keys might get stolen. Also, when you import paper wallet using any medium your private keys get the internet exposure. Once it happens there is no sense in using paper wallet.
You can also sweep your private key if you would like to get your funds into your bank account. After sweeping your private key, you can easily sell your crypto assets.
You can use block explorer services, like Blockchain. If you really want to safeguard your coins then go for a hardware wallet which lets you store multiple coins at the same time.
As mentioned above, there are multiple ways to import or sweep paper wallet. Here in the next steps, I will show you how to send Bitcoin from paper wallet by using Blockchain. You can send BTC from paper wallet to an exchange or hardware wallet.