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Import private key bitcoin core5/28/2023 ![]() ![]() Mycelium is one such app, but the function is rather unusually titled “cold storage.” Follow these steps to import the contents of your paper wallet into Mycelium: Ideally, paper wallets are single-use, so we advise transferring the full amount ‘stored’ on the paper wallet.īecause each app is different, we’ll take for example the steps within BRD and Mycelium, two very popular mobile wallet apps, that demonstrate two very different methods.įor many apps, the process begins on the home screen. The app may also ask you to select the amount to transfer. Once you find the function, you’ll either enter your paper wallet’s private key or scan the associated QR code. Generally, the function will be called “import,” “redeem,” or something similar. There are a lot of mobile digital wallets to choose from, so specific steps can vary. Now, let’s look at how the process works within the app. By now, you should have a pretty good idea how a paper wallet works. For everyday use and account monitoring, you’ll want to transfer bitcoin to a digital mobile wallet. Paper wallets are well-suited for long-term bitcoin cold storage but are not secure or convenient enough for regular use. How To Send Bitcoin From A Paper Wallet To A Mobile Digital Wallet? Most paper wallets also include scannable QR codes that represent your public address and private key, making it much easier to transfer coin to and from your wallet. As receiving bitcoin is never a bad thing, you can feel free to share this address with others. ![]() ![]() The public key is a shorter code that allows others to send bitcoin to your wallet. Anyone that knows your private key can use it is used when adding bitcoin to the wallet. As this is the key you use to send bitcoin from the wallet, it is extremely important that you keep it secure and secret. The private key is a 64-character alphanumeric (letters A-F and numbers 1-9) code that defines the ‘location’ of your wallet on the blockchain. Of course, no bitcoin is actually ‘stored’ in this wallet, but it contains all of the information you’ll need to view, send, and receive digital currency to and from the associated digital wallet on the blockchain.Ī paper wallet will display two key pieces of information: a private key and a public address. The most common way to obtain a paper wallet is by purchasing bitcoin, litecoin, or another cryptocurrency at a bitcoin kiosk. So You’ve Got A Paper Wallet… But What Is It? Thankfully, while the process may not be particularly intuitive, it is simple to execute. While paper wallets are a very secure way to store your cryptocurrency, you will at some point want to access those coins. paper wallet), after a bitcoin ATM/kiosk purchase or as a gift? If you’re new to cryptocurrency, you may not be sure what to do with this bitcoin-branded slip of paper. ![]()
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