May 14, · You can send BTC from paper wallet to an exchange or hardware wallet. But before sending Bitcoin from paper wallet to somewhere else, you will need to import/sweep your paper wallet by using a paper wallet importer service. For that purpose, we’re going to use mentioned Blockchain cryptocurrency exchange, which lets us do that. How to withdraw/spend bitcoins using a paper wallet 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. natur-holzbausteine.de). May 27, · Paper bitcoin wallets are often used for long-term investments (or as people love to say, HODLing 😁). However, it’s advisable to “sweep” the wallet as soon as you can. “Sweeping” refers to the act of transferring the funds from a paper wallet into another wallet (whether than be an online wallet or a hardware wallet).
How to spend bitcoins from paper walletHow to Transfer Bitcoin from Paper Wallet to Exchange
Related Articles. Author Info Last Updated: May 8, Download Blockchain. As of December, the following apps support importing a private key from a paper wallet: Blockchain. Follow the instructions provided on the screen of your app. Write down your back up phrase on a piece of paper, not on a computer. This is a crucial step! The backup phrase is not the same as the password for your app. Write it on paper with a pen. Do not write or store the phrase on any computer or phone.
Computer hackers can easily steal your bitcoins if they find your phrase. Tap the menu button to start the paper wallet import process. This differs on each app you are using. If you are using Blockchain. This is instructing the app that you want to import another address. Scan the QR code of your paper wallet's private key with your phone camera.
The private key is the collection of around 60 random letters and numbers shown by the QR code. Some paper wallets designate the private key as the "secret" side of the wallet.
Press Transfer Funds. This initiates the process of bringing your paper wallet into your app. If you stop here, your Blockchain app will have access to your paper wallet funds, but the funds will continue to remain on your paper wallet as well. This state isn't secure, so proceed to the next step. Tap Send.
This step will cost you a small amount of bitcoin to pay the bitcoin miners for doing the transaction for you. You now have all the contents of your paper wallet on your phone.
From here, you can easily send any portion of your bitcoin to any bitcoin address in the world. If you want to send bitcoin to another location, tap send from your app and send the coin to any address you would like. Most bitcoin-related websites have user friendly interfaces for creating these. Yes No. Not Helpful 1 Helpful 0. Unanswered Questions. I'm having trouble transferring a paper wallet transaction into my blockchain wallet. What can I do? I lost my private key. Is possible to deposit and and get the private key which I lost?
If I made the Paper Wallet before August 1st , will it retrieve also the other coins? Similarly, if any malicious computer program such as Trojan, is running into your machine then your private keys might get stolen. Also, when you import paper wallet using any medium your private keys get the internet exposure.
Once it happens there is no sense in using paper wallet. You can also sweep your private key if you would like to get your funds into your bank account. After sweeping your private key, you can easily sell your crypto assets. You can use block explorer services, like Blockchain. If you really want to safeguard your coins then go for a hardware wallet which lets you store multiple coins at the same time.
As mentioned above, there are multiple ways to import or sweep paper wallet. Here in the next steps, I will show you how to send Bitcoin from paper wallet by using Blockchain. You can send BTC from paper wallet to an exchange or hardware wallet. First comes first, if you have not registered yourself on Blockchain. Next, click on Import Bitcoin Address. This way your BTC will be transferred to your Blockchain wallet address and your paper wallet will no longer be required. Your Bitcoin will be transferred from paper wallet to your mentioned address within few minutes or more.
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