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Topic: How to transfer from paper wallet (Read 1348 times)

legendary
Activity: 1050
Merit: 1001
November 24, 2015, 07:55:39 PM
#28
Spending funds from a paper wallet is a three-step process that can be done by anyone with a Web browser and an Internet connection. This guide shows how.
http://bitzuma.com/posts/how-to-spend-a-bitcoin-paper-wallet-in-three-easy-steps/
or you can check from blockchain directly : https://blockchain.info/wallet/paper-tutorial
legendary
Activity: 4466
Merit: 3391
November 24, 2015, 06:03:02 PM
#27
I just installed mycelium, but I cant see any option called sweep, import, or even scan. Sad

  • Go to Accounts.
  • Select $+.
  • Enter your PIN code.
  • Agree or disagree with the Coinapult terms (it doesn't matter).
  • Select Advanced.
  • Enter your PIN code again.
  • Select Scan.
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
November 24, 2015, 01:06:33 AM
#26
I would much rather create a throwaway account on Blockchain.info and do a sweep of those coins and then send those coins to a more secure wallet. Blockchain.info makes it so much easier for you. You not going to use that address again anyways, so tough shite, if it is compromised afterwards.  Roll Eyes

The typing of these private keys are sooo yesterday.  Roll Eyes
sr. member
Activity: 266
Merit: 250
Grow SMALL amount of BTC by earning it
November 23, 2015, 11:17:48 PM
#25
And after I do that, how do I transfer the BTC to a new public key?
To sweep Bitcoins into mycelium wallet, ensure that you already have a backup (copied the seeds first displayed when you create the mycelium wallet). Then select the account created by mycelium then go to Balance, click on the Qr code and press copy to clipboard. Next, select the address you imported, press send and press clipboard in the "Enter receipient address" then click "Enter Amount" and press send.

If you want to send to another address, just select the address you imported and press send, input address and amount then click send.
full member
Activity: 131
Merit: 100
November 23, 2015, 11:11:07 PM
#24
And after I do that, how do I transfer the BTC to a new public key?
sr. member
Activity: 266
Merit: 250
Grow SMALL amount of BTC by earning it
November 23, 2015, 11:01:14 PM
#23
Do I need to click on a button called advanced, which says "in order to add a single address account based on a private key or a read only address, please click the advanced button below"?

Which is under "add new account", by the way.
If you want, you can directly import it instead of using it to spend the coins using cold storage function. Copy the private key to your clipboard first by copying the entire private key, by typing it somewhere and copy it. Then go there and click advance, click [Import Bitcoin address or private key from clipboard].
full member
Activity: 131
Merit: 100
November 23, 2015, 10:55:11 PM
#22
Do I need to click on a button called advanced, which says "in order to add a single address account based on a private key or a read only address, please click the advanced button below"?

Which is under "add new account", by the way.
sr. member
Activity: 266
Merit: 250
Grow SMALL amount of BTC by earning it
November 23, 2015, 10:45:51 PM
#21
I just installed mycelium, but I cant see any option called sweep, import, or even scan. Sad
Are you using Android? There is a menu button at the top right. Click on it and you will see Cold Storage. Then you can choose where to get the private key from. Refer to my post above.
full member
Activity: 131
Merit: 100
November 23, 2015, 10:34:28 PM
#20
I just installed mycelium, but I cant see any option called sweep, import, or even scan. Sad
hero member
Activity: 812
Merit: 1000
November 23, 2015, 09:51:41 PM
#19
If you don't have Qr code, consider using Electrum on desktop instead.

So, no mycelium without a qr code? Cant i just type the private key?

Go here: https://github.com/pointbiz/bitaddress.org , download the Zip file, take it to an off-line machine, extract it and open bitaddress.org.html in a browser, move your mouse around till the functions become active then click on "Wallet Details" and type your Key to "Enter Private Key" field and hit "View Details", it will show the Qr code of the private key below, use open your mycelium and scan the qr code.
sr. member
Activity: 266
Merit: 250
Grow SMALL amount of BTC by earning it
November 23, 2015, 09:47:29 PM
#18
If you don't have Qr code, consider using Electrum on desktop instead.

So, no mycelium without a qr code? Cant i just type the private key?
You can but they do not directly allow. You can try to type the private key elsewhere and copy it to save it to clipboard. Then go to Cold storage and then select [Get private key from clipboard]. This would allow you to send to other addresses.

Lock this topic if it's solved.
full member
Activity: 131
Merit: 100
November 23, 2015, 09:39:41 PM
#17
If you don't have Qr code, consider using Electrum on desktop instead.

So, no mycelium without a qr code? Cant i just type the private key?
full member
Activity: 131
Merit: 100
November 23, 2015, 09:37:31 PM
#16
Thanks, I will try mycelium. So let me see if I got it right, I will use mycelium to sweep my paper wallet and the btc in it will all be transfered to my mycelium wallet, is that right?
sr. member
Activity: 266
Merit: 250
Grow SMALL amount of BTC by earning it
November 23, 2015, 09:34:46 PM
#15
Ok, but what software should I use? Blockchain.info or something for mobile?
For android, Bitcoin Wallet has such a feature: https://play.google.com/store/apps/details?id=de.schildbach.wallet&hl=en.
Mycelium is a much better choice IMO, it supports BIP38 decryption which is a encryption standard which paper wallet uses. If you don't have Qr code, consider using Electrum on desktop instead.
hero member
Activity: 812
Merit: 1000
November 23, 2015, 09:33:20 PM
#14
Ok, but what software should I use? Blockchain.info or something for mobile?

If you have a computer then choose a desktop wallet such as Electrum but if you don't have access to a computer and only mobile then Mycelium is a good wallet for Android. I would recommend blockchain.info wallet as the last resource, since it is an online wallet and is not considered safe. You can get more info on different type of wallets here: https://bitcoin.org/en/choose-your-wallet

Also, make sure to take back up of keys/wallet of the new wallet before sweeping the paper wallet in it.
full member
Activity: 131
Merit: 100
November 23, 2015, 09:25:21 PM
#13
Ok, but what software should I use? Blockchain.info or something for mobile?
sr. member
Activity: 427
Merit: 250
November 23, 2015, 09:17:39 PM
#12
Also don't forget about "change addresses". Lots of people lost bitcoin because they didn't understand "change addresses".

Basically, if you import your paper wallet to, say, a mobile wallet, and you don't use all the bitcoins that were associated with the paper wallet, make sure to create a new paper wallet and send the "change" or "unspent" amount to this new paper wallet. Some people think that the unspent amount would still be associated with the old paper wallet.
full member
Activity: 131
Merit: 100
November 23, 2015, 08:47:47 PM
#11
Ok, and should I use blockchain.info, or something for mobile?
legendary
Activity: 1876
Merit: 1475
November 23, 2015, 07:31:27 PM
#10
You mean scanning that strange square thingy? I don't have it, it's a pen and paper wallet. Just the public key and the private key.

In that case you'll have to manually type the private key. Just make sure to sweep it rather than importing it, and don't use that address again. It's much more secure that way.

What wallet do you have or plan to use? Several wallets have the option to sweep it. If you don't decide which one yet I recommend you Electrum. There you just have to go to Wallet > Private keys > Sweep. Then manually type your private key and you're done.

Thank you. Btw, what is the difference between import and sweep?

Importing the key means it's attached to your wallet. It becomes one more address which the wallet can use and its private key is permanently stored there.
Sweeping the key means creating a TX that spends everything from your 'paper' address into any address already present on your wallet.

Sweeping is preferred basically for 2 reasons:
- Your 'paper' address' private key was already stored somewhere and you typed it. As a result there's a small chance it was compromised in the process (key logger, malware). Therefore you shouldn't use it again and sweeping allows you that.
- Most wallets are now HD so a single backup holds every address, even those not used yet. If you import the address it wouldn't be on the HD backup and you could eventually lose it.
full member
Activity: 131
Merit: 100
November 23, 2015, 07:27:12 PM
#9
You mean scanning that strange square thingy? I don't have it, it's a pen and paper wallet. Just the public key and the private key.

In that case you'll have to manually type the private key. Just make sure to sweep it rather than importing it, and don't use that address again. It's much more secure that way.

What wallet do you have or plan to use? Several wallets have the option to sweep it. If you don't decide which one yet I recommend you Electrum. There you just have to go to Wallet > Private keys > Sweep. Then manually type your private key and you're done.

Thank you. Btw, what is the difference between import and sweep?
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