Sep 30, · This receipt is called a paper wallet which you can learn more about on our digital wallet page. This piece of paper (paper wallet) actually contains the Bitcoin that you are trying to send. But you will need to move them to a digital wallet first before you can send them anywhere:) Step 2: Next, open up your digital wallet on your mobile device. Apr 09, · 1. Use a compatible wallet application to scan or enter your private key from your paper wallet in order to move the bitcoin, litecoin, or bitcoin cash into that app. 2. Once the digital currency shows in your wallet app, you may send your bitcoin, bitcoin cash, or litecoin anywhere you like! Dec 10, · Write down your back up phrase on a piece of paper, not on a computer. This is a crucial step! Almost all bitcoin wallets will create a 6 word phrase that you can use to backup and restore your wallet%(32).
How to use btc paper walletHow to Store Bitcoin with a Paper Wallet (with Pictures) - wikiHow
It should be denominated in BTC bitcoin. The payment address appears near the bottom of the screen. In your Blockchain wallet home screen, click the Send button. Under From, pull down your paper wallet address under Imported Addresses.
Paste the Gyft payment invoice address in the To field. In the leftmost Amount field, paste the precise amount requested by the Gyft invoice. Spending bitcoin requires the payment of a fee, and setting this fee is the purpose of the Transaction Fee field.
However, network fees float, rising when demand increases, and falling when it decreases. Understanding how fees work is a key skill that any serious Bitcoin user should master. At the very least, you should understand that setting a cheapskate fee can put your transaction into limbo for hours or days. You will receive notification of your payment success in two ways.
First, your Gyft invoice window should close with a message indicating your payment was accepted. Second, your Blockchain wallet will show a pending transaction. The procedure described here is inherently insecure and should only be used to redeem small sums of money.
If performed on an insecure personal computer most of which are , an attacker can steal your money leaving you with nothing. Larger sums of money residing on paper wallets should be handled with great care. At the very least, a solid understanding of cold storage is required.
Blockchain urges you to transfer the funds on imported paper wallets into a Web wallet address. This recommendation reflects the way Blockchain handles wallet backups. I can, however, suggest looking into Electrum instead. Blockchain is a fine wallet for spending small sums loaded onto a paper wallet, but is a poor choice for long-term storage of bitcoin.
Having gotten the hang of online purchases are with bitcoin, you may want to do some more. Check out the home page for future directions. No games, no spam. When you sign up, I'll keep you posted with emails per week. Unsubscribe at any time. Step 1. Create a Software Wallet Claiming the funds on a paper wallet requires software. Click outside the white area to dismiss it. Step 2. Treat a paper wallet like a piggy bank: Add funds as often as you like, but only import or "sweep" your funds once.
Open your live wallet software e. Mycelium, Bread, Trezor or web-based wallet e. After transferring the funds, search for your public key on blockchain. The way you will access your funds will be to "import" or "sweep" your paper wallet. This effectively transfers the coins from your paper wallet to a live wallet e. Mycelium or Trezor or to an exchange service e.
You should always sweep the complete balance, as it's generally not safe to try to spend just a portion of the funds on your paper wallet. Virtually any wallet software or Bitcoin service that includes a "import private key" or "spend from cold storage" feature will accept the private key hidden beneath the folds of your paper wallet.
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. But you will need to move them to a digital wallet first before you can send them anywhere :. Next, open up your digital wallet on your mobile device.
If you do not have a digital wallet set up please click on the links below to learn how to set one up. You're going to want one! The links below will guide you how to set up with a wallet provider that we recommend using:. Click Here. This will then pull up your mobile devices' camera. Now place your hand over the top QR code on your receipt.
This bottom QR code is called a 'Private Key'. The 'Private Key' is like the password that claims ownership of the Bitcoin that was sent to your 'Public Key' which is the top QR code. To learn more about this read more on our Digital Wallet Page.