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Topic: Paper wallet how to?? (Read 187 times)

hero member
Activity: 1106
Merit: 638
December 02, 2017, 12:48:13 PM
#3
The whole point from using a paper wallet is to not use it on daily basis, It's meant for storing bitcoins for long term. You could import the private key somewhere and spend it but that wouldn't make sense as it will no longer be "offline" as soon as your private keys are exposed to an online device.

These are great points ^^^.

I just opened paper wallet. How can i spend the money without the need to have a wallet? what's the point of security if i have to share my private key with some wallet? pls advice..

The paper wallet should be your ultimate "savings account" for bitcoin.

How did you acquire your bitcoin? Through which exchange? And then you had to transfer that bitcoin to your paper wallet. You should always leave a bit of bitcoin in your exchange wallet, use that for spending. The bitcoin that's sent to your paper wallet should be for very long term storage.

Another resource that might be able to help you can be found HERE.
staff
Activity: 3500
Merit: 6152
December 02, 2017, 12:33:55 PM
#2
The whole point from using a paper wallet is to not use it on daily basis, It's meant for storing bitcoins for long term. You could import the private key somewhere and spend it but that wouldn't make sense as it will no longer be "offline" as soon as your private keys are exposed to an online device.
member
Activity: 224
Merit: 11
December 02, 2017, 12:01:54 PM
#1
I just opened paper wallet. How can i spend the money without the need to have a wallet? what's the point of security if i have to share my private key with some wallet? pls advice..
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