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Author Topic: Paper Wallets and New to Electrum/Bitcoins  (Read 579 times)
JohnDoeGotDough (OP)
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May 06, 2016, 12:31:03 AM
 #1

I am new to everything bitcoin pretty much. I have installed Electrum and thats about as far as I got. I am trying to make a transaction to an address I need to send bitcoins to. My question is, how do I put the BTC from my paper wallet into an electrum wallet and then send those BTC to the address I need to send it to. Anything will help, thanks for your time.

Regards, JD
merelcoin
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May 06, 2016, 12:35:24 AM
 #2

I am new to everything bitcoin pretty much. I have installed Electrum and thats about as far as I got. I am trying to make a transaction to an address I need to send bitcoins to. My question is, how do I put the BTC from my paper wallet into an electrum wallet and then send those BTC to the address I need to send it to. Anything will help, thanks for your time.

Regards, JD

The paper wallet should contain a private key.
If the private key is bip38 encrypted, you might need to decrypt it by downloading the sourcecode from https://www.bitaddress.org and going to "wallet details"
Once you have an unencrypted private key, go to electrum, go to wallet => private keys => sweep, enter your private key, and sweep your paper wallet.

TBH: it's possible electrum can even decrypt the private key for you... you might want to try this first before using bitaddress.org, i just never tried, and i don't want to sweep my paper wallets just to try it out.

Once your private key is swept, it should be as easy as going to the send-tab in electrum and entering an ammount and an address.
bitbaby
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May 06, 2016, 02:12:57 AM
 #3

The paper wallet should contain a private key.
If the private key is bip38 encrypted, you might need to decrypt it by downloading the sourcecode from https://www.bitaddress.org and going to "wallet details"
Once you have an unencrypted private key, go to electrum, go to wallet => private keys => sweep, enter your private key, and sweep your paper wallet.
It is actually much safer to decrypt the wallet offline, instead of doing it on a website, to do this OP, download this file from here: GitHub Repository (zip), verify the download authenticity and then continue with the steps mentioned above to decrypt the key and sweep it into Electrum.
TBH: it's possible electrum can even decrypt the private key for you... you might want to try this first before using bitaddress.org, i just never tried, and i don't want to sweep my paper wallets just to try it out.
Nope, Electrum won't decrypt the private key, one has to decrypt it first before sweeping it into Electrum.

merelcoin
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May 06, 2016, 09:33:02 AM
 #4

The paper wallet should contain a private key.
If the private key is bip38 encrypted, you might need to decrypt it by downloading the sourcecode from https://www.bitaddress.org and going to "wallet details"
Once you have an unencrypted private key, go to electrum, go to wallet => private keys => sweep, enter your private key, and sweep your paper wallet.
It is actually much safer to decrypt the wallet offline, instead of doing it on a website, to do this OP, download this file from here: GitHub Repository (zip), verify the download authenticity and then continue with the steps mentioned above to decrypt the key and sweep it into Electrum.
TBH: it's possible electrum can even decrypt the private key for you... you might want to try this first before using bitaddress.org, i just never tried, and i don't want to sweep my paper wallets just to try it out.
Nope, Electrum won't decrypt the private key, one has to decrypt it first before sweeping it into Electrum.

Had a party last night, had a bit much to drink when i made this post... Can't believe i skipped the "best to run the code from an offline pc"-part  Undecided
Thanks for adding this Smiley

Btw: a little addendum, you could use unetbootin (just google this) to create a live linux usb to boot from (for safety). Also, once you've swept your paper wallet, consider it compromised and never use it again to store funds on Smiley
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