How do i transfer bitcoins from my paper wallet

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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.g. Mycelium or Trezor) or to an exchange service (e.g. Apr 20,  · A Bitcoin wallet can take the form of computer software, computer hardware, or a physical piece of paper. Your Bitcoin wallet is where you will store, receive, and distribute bitcoins. Each Bitcoin wallet is composed of unique private keys, which you use to spend or transfer bitcoins%(34). Step 1: Download the Mycelium Bitcoin Wallet. Note: Please write down your Mycelium wallet backup phrase on a piece of paper when you backup your wallet. Don’t take a picture of it nor store it on a computer. Save that piece of paper in a secure location and away from preying eyes.

How do i transfer bitcoins from my paper wallet

How to transfer BTC between paper wallet and an exchange? - Bitcoin Stack Exchange

After finding out which types of online wallets exist, it will be easier for you to choose the one that will satisfy your needs. After you learn how to sell and buy Bitcoin or any other cryptocurrency , you also need to learn how to transfer Bitcoin between wallets.

We have noticed that many people do not even know that something like this is possible. On the other hand, people that do know that this is possible do not know how to do it. Trust us; you do not have to be a genius to realize how to do this. Well, the entire process is not that complex as you think. More precisely, you can finish it with 5 or 6 clicks.

The first thing that you have to do is to log in to your Coinbase account. After you do that, you need to directly go to the dashboard. After left-clicking on it, you need to go to the wallet where you plan to receive the Bitcoin. Well, after going through this process, your wallet is set to receive BTC automatically.

However, the process does not stop there. Now you need to give the sender your address. There is an easier way as well; you can give him your QR code. A new window will pop up when you do that. As we said, there you will get an address or a QU code. It is up to you to choose one of those two methods. However, if you plan to send him the address, there is something that we need to say.

You need to be careful about this move. The successful Bitcoin or altcoins transfer from one wallet to another is not possible if the sender gets an invalid address. In this case, mistakes are simply not allowed. Your coins may also be irretrievable if they make it to a different wallet. Well, many people like to compare the sending of Bitcoin with sending payment via Paypal or Payoneer. Believe it or not, the entire process is not difficult at all. Logically, go to your Coinbase account and go to the dashboard for start.

Now you need to choose the wallet where you will send Bitcoins from. However, this time, you need to pay attention to potential fees that could arise. It is the code that was sent to you via your 2-step verification method.

Believe it or not, this is also possible. You do not have to send BTCs directly to a wallet address. Instead, you can send it to an email address. Here is how you can do that. Once again, log in to your Coinbase account and visit the dashboard. After you select it, you need to enter the correct email address of the recipient.

Finally, select the amount of BTC that you want to send. You can also add a note if there is something you would want to add. Here you will see your accounts, balance, send, receive and settings options. If you use Ledger Nano S for the first time it will show you only one account.

If you look closely, there is a note that says: only receive funds on this address if it matches the one displayed on your device. For this, please verify if the address shown in your Ledger app and the address shown on your actual hardware device is same.

Once both are verified and matched you are good to go ahead. Once addresses are matched, it means the address shown is safe to receive BTC. Now you can scan the QR code in step 16 from your Coinomi mobile wallet or copy-paste the address shown in the ledger app where you want to receive your bitcoins. Now you need to enter the relevant details in the below-shown interface of the Coinomi wallet. Once you have put the details and just hit send from your wallet and wait for the transaction to reflect on Blockchain explorer.

Always remember that you should wait for six confirmations on the blockchain to consider a transaction successful. Always buy Ledger Nano S from the official website and thoroughly learn how to set up and use Ledger Nano S through our exclusive video tutorial series on the same.

If you like the post, please share it with your circle! Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra. He has a background in both finance and technology and holds professional qualifications in Information technology.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra. I have just made some paper wallets on Bittaddress. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Notify me of new posts by email.

This site uses Akismet to reduce spam. Learn how your comment data is processed. CoinSutra was started in with the mission to educate the world about Bitcoin and Blockchain applications. Let me explain. Step 2. Create a new wallet with Conomi. For this, follow the steps below: Step 9. Conclusion: Transferring Bitcoin from a Paper Wallet Always remember that you should wait for six confirmations on the blockchain to consider a transaction successful.

Harsh Agrawal. An international speaker and author who loves blockchain and crypto world. Join us via email and social channels to get the latest updates straight to your inbox. Related Posts.

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May 14,  · To sweep Bitcoin paper wallet: Enter your paper wallet privater in the asked field, under ‘Transfer funds to an existing wallet’ select a wallet where you would to send your BTC, and then hit Import button. This way your BTC will be transferred to your Blockchain wallet address and your paper wallet will no longer be required. Paper wallets are often a very secure way of storing bitcoins for the long-term but not for two-way transactions. You can easily transfer bitcoins into your paper wallet from GDAX by going to WITHDRAW FUNDS and putting in the public address part of the paper wallet. Sending bitcoins to GDAX from a paper wallet is more complicated. Apr 07,  · Still, this time you need to go to the wallet you wish to send from and to click on “Send”. When you do that, you need to select “ Wallet Address ”. Here you need to enter the recipient’s wallet address in the recipient box. Now you need to choose the wallet where you will send Bitcoins from. Tags:Bitcoin cash end of 2019, Bitcointalk arn, Bitcoin money florida, Bitcoin cash smenarna, 120 bitcoins in euros

1 Responses

  1. Shagami
    | Reply

    In it something is. I thank you for the help how I can thank?

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