Press Deposit Bitcoin Scan, copy, or share your Cash App Bitcoin address with an external wallet Confirm with your PIN or Touch ID Bitcoin withdrawals and deposits must be enabled to get started. As a rule of thumb, going for an official currency’s wallet is always a good option. To deposit money in a bitcoin wallet, copy-paste one of your bitcoin-addresses (you can generate as many as you want) from your wallet to the transaction form. Redeeming Bitcoin Cash from a paper wallet is easy. Here’s how: If you don’t already have one, download a wallet app that supports Bitcoin Cash. Use the app to scan the QR code called “private key” on your paper wallet. The funds will then automatically move from the paper wallet to your digital wallet. Choosing your wallet app.
How to deposit bitcoin from paper walletHow to Spend a Bitcoin Paper Wallet in Three Steps - Bitzuma
But be aware that you could lose the entire value of your paper wallet to a mistake. Bitcoin payments are irreversible and there is no help line to call. The payment amount appears in bold near the center. It should be denominated in BTC bitcoin. The payment address appears near the bottom of the screen.
In your Blockchain wallet home screen, click the Send button. Under From, pull down your paper wallet address under Imported Addresses. Paste the Gyft payment invoice address in the To field. In the leftmost Amount field, paste the precise amount requested by the Gyft invoice. Spending bitcoin requires the payment of a fee, and setting this fee is the purpose of the Transaction Fee field. However, network fees float, rising when demand increases, and falling when it decreases.
Understanding how fees work is a key skill that any serious Bitcoin user should master. At the very least, you should understand that setting a cheapskate fee can put your transaction into limbo for hours or days.
You will receive notification of your payment success in two ways. First, your Gyft invoice window should close with a message indicating your payment was accepted. Second, your Blockchain wallet will show a pending transaction. The procedure described here is inherently insecure and should only be used to redeem small sums of money.
If performed on an insecure personal computer most of which are , an attacker can steal your money leaving you with nothing. Larger sums of money residing on paper wallets should be handled with great care. At the very least, a solid understanding of cold storage is required. Blockchain urges you to transfer the funds on imported paper wallets into a Web wallet address.
This recommendation reflects the way Blockchain handles wallet backups. I can, however, suggest looking into Electrum instead. Blockchain is a fine wallet for spending small sums loaded onto a paper wallet, but is a poor choice for long-term storage of bitcoin.
Having gotten the hang of online purchases are with bitcoin, you may want to do some more. Check out the home page for future directions. No games, no spam. When you sign up, I'll keep you posted with emails per week. Unsubscribe at any time.
Step 1. 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.
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.