Dec 09, · Another important factor in choosing the right exchange to fund your bitcoin wallet is to compare how much they will charge for converting your fiat to bitcoin. On average the fees for credit card purchases are around 4%. If you send your money via bank transfer you usually save on fees and can expect to pay somewhere between 1 and %. Nov 20, · Sweep and Import are ways of transferring a private key onto a software wallet. Import keeps the Bitcoins on the original private key, while Sweep sends the Bitcoins to a whole new private key connected to the software wallet. As a rule of thumb, sweeping is more recommended than importing. That’s sweep vs. import in a nutshell. Jan 01, · To summarize, then, if you lose your bitcoin wallet, sweep your private key into a new wallet, if possible, and check the derivation path if you’re switching to a different brand of wallet.
How to import btc walletWallets & Addresses – Blockchain Support Center
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. In Mycelium select the menu option "Cold Storage". After spending, the private key in memory is destroyed so the paper private key remains somewhat secure. Despite this, best practice is to immediately send the remaining balance to a paper wallet that was generated offline.
Use this function if you would like to import a private key so all funds are immediately available for spending. After importing this paper private key, you might consider destroying the original so it cannot be found and your funds stolen. Alternatively, you can keep it safe to be used as an offline backup. If you have Version 7 or later it is now trival. If you are using Cold storage , a Paper wallet or generating vanity addresses you may have a need to import a Private key.
Before v0. This article describes how to import a private key through the RPC API of bitcoind, which is a topic for advanced users. Unlike third-party wallet.
Instead, you need to start the bitcoind server. If you have an encrypted wallet recommended , you need to unlock it temporarily before importing private keys. Typing this directly in a bash terminal will leave your wallet passphrase directly in the bash history but there are a couple of techniques you can use to avoid this.
Simply add a space before the command:. The last command unlocked your wallet temporarily for seconds, during which time you must import your private keys. Since private keys can be as important as your passphrase, you may want to use the same techniques as above to prevent their being recorded in bash history bash variable or space before the command :.
The importing process is now started. Bitcoind will rescan the entire block data to ensure this key has not been used before. This process will take from one to two minutes, depending on your CPU performance. DO NOT abort it before finishing! If no errors occurs, the import is a success and Bitcoin-QT users will be able to see the new address in the GUI immediately.