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How am I supposed to use my bitcoins to pay for something by a paper wallet? That’s why I need a hot wallet, right? Do I have any other choice?
A paper wallet should be generated offline and the private key should never connect to the internet. Otherwise, you would defeat the purpose of a paper wallet. If you generated your paper wallet using on an online device, that's not really a paper wallet. You can import your private key into a hot wallet and spend your fund, but that's not recommended. For more security, it's recommended to import your private key on an offline device (preferably to be air-gapped) and sign your transaction there. Take note that for making a transaction offline, you would need two wallets. You would need to create a wallet with your private key on an offline device and a watch-only wallet on an online device. The offline wallet is used for signing the transaction. The online wallet is used for creating the unsigned transaction and broadcasting the signed transaction. I edited the post to fix a typo. Thanks Roberto12345 for the correction. Sorry but...how the two wallets get in touch with each other then? I mean, one of the two wallets is always offline! Ok, got it...because that one online is a watch-only wallet |
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How am I supposed to use my bitcoins to pay for something by a paper wallet? That’s why I need a hot wallet, right? Do I have any other choice?
A paper wallet should be generated offline and the private key should never connect to the internet. Otherwise, you would defeat the purpose of a paper wallet. If you generated your paper wallet using on an online device, that's not really a paper wallet. You can import your private key into a hot wallet and spend your fund, but that's not recommended. For more security, it's recommended to import your private key on an offline device (preferably to be air-gapped) and sign your transaction there. Take note that for making a transaction offline, you would need two wallets. You would need to create a wallet with your private key on an offline device and a watch-only wallet on an online device. The offline wallet is used for signing the transaction. The online wallet is used for creating the unsigned transaction and broadcasting the signed transaction. I edited the post to fix a typo. Thanks Roberto12345 for the correction. Sorry but...how the two wallets get in touch with each other then? I mean, one of the two wallets is always offline! |
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How am I supposed to use my bitcoins to pay for something by a paper wallet? That’s why I need a hot wallet, right? Do I have any other choice?
A paper wallet should be generated offline and the private key should never connect to the internet. Otherwise, you would defeat the purpose of a paper wallet. If you generated your paper wallet using on an online device, that's not really a paper wallet. You can import your private key into a hot wallet and spend your fund, but that's not recommended. For more security, it's recommended to import your private key on an offline device (preferably to be air-gapped) and sign your transaction there. Take note that for making a transaction offline, you would need two wallets. You would need to create a wallet with your private key on an online device .... Probably you meant " offline" Interesting thank you, I will get ,more info about that and see if I am able to do it |
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How am I supposed to use my bitcoins to pay for something by a paper wallet? That’s why I need a hot wallet, right? Do I have any other choice?
A paper wallet should be generated offline and the private key should never connect to the internet. Otherwise, you would defeat the purpose of a paper wallet. If you generated your paper wallet using on an online device, that's not really a paper wallet. You can import your private key into a hot wallet and spend your fund, but that's not recommended. For more security, it's recommended to import your private key on an offline device (preferably to be air-gapped) and sign your transaction there. Take note that for making a transaction offline, you would need two wallets. You would need to create a wallet with your private key on an online device .... Probably you meant " offline" |
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I would like to know how to transfer some bitcoins from a paper wallet to Electrum wallet for Android.
Next question would be: you use a paper wallet and have basically no knowledge how to use or sweep it? That's a bit odd... Why? I just purchased a card...anybody can do that, even me. |
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I would like to know how to transfer some bitcoins from a paper wallet to Electrum wallet for Android.
Why do you want coins on a device that is prone to be stolen or lost, which is used for all kind of daily internet shit, which security status is rather hard to assess depending on its origin and apps installed? . How am I supposed to use my bitcoins to pay for something by a paper wallet? That’s why I need a hot wallet, right? Do I have any other choice? |
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The key is correct.
- Is the derived address also correct? - Is the wallet synced? (If the wallet is synced, the circle located at top right corner of the screen should be green.) - Did you check the transaction history of the address on a block explorer? Is there any transaction associated with the address? What is the derived address? Yes, the circle located at top right corner of the screen is green The bitcoins are still all in the paper wallet |
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I created another wallet and imported the private key, but the balance is 0.
What now?
Tap on your wallet name at top left corner of the screen and go "Addresses/Coins". After that, you will see a bitcoin address. Is the address same as your paper wallet address? If the address is not correct, either you entered a wrong private key or imported a correct private key but with wrong script type. Note that if your address starts with bc1, you should add "p2wpkh:" before the private key. I edited the post to fix a typo. Thanks Charles-Tim for the correction. The key is correct. Electrum wallet added "p2pkh:" before the private key by itself, even if the key doesn't start with bc1
Sure, transferring bitcoins from a paper wallet to Electrum on Android is a straightforward process. Here's a step-by-step guide for you:
1.Open your Electrum wallet on your Android device.
2.Click on the '+' sign or select 'Receive' to generate a new receiving address within your Electrum wallet.
3.Once the address is generated, open your paper wallet. Use a QR code scanner on your Android device to scan the public address or manually enter the address displayed on your Electrum wallet.
4.After entering the address, specify the amount of bitcoins you want to transfer.
I clicked on "Receive" but no receiving address was generated. Only a window popped up, with a request of "Description of payment and amount" |
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I created another wallet and imported the private key, but the balance is 0.
What now?
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I would like to know how to transfer some bitcoins from a paper wallet to Electrum wallet for Android.
Thank you
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