Paper wallet?

[MTwallet]

First time here and trying to learn about crypto. Looks like a good place to start.

I've opened a small account on coinbase and opened a GDAX account. Looking at the order flow book is very intimidating but in time I hope to understand a bit to allow me to do some trading. My experience is not entirely without some knowledge though. In the past I have dabbled in Forex so have some experience in charts T.A. etc. Of course I'm finding this type of speculating to be very different.

My question will seem very simple to you folks who have been around a while but to me is quite confusing. After generating a Paper wallet, how does one go about depositing funds into that wallet?

To me, all I have is a printed piece of paper with a private and secret address. Can I transfer USD from my bank to this wallet? Do I make a transfer from my Bitcoin wallet (in coinbase) to my USD wallet(in coinbase)? I want to be very careful to do it right so as to not make a mistake! Can someone offer some advice?

I'm sure this will be the first of many Newbie questions.

Thank you.

[MonkeyBrain]

First thing is you should have a public address when you created your wallet.  The public address is basically your account number and the private key is what opens it, so you need to keep the private key to yourself. Secondly you can only send bitcoins to bitcoin wallets, and ethereum to ethereum wallets, etc. So don't mix the wallets (except ERC-20 tokens, which will go into ETH wallet). So USD to USD wallet in coinbase, Bitcoin to Bitcoin wallet in coinbase, ETH to ETH wallet in coinbase, etc.  Never ever send a different type of coin to a different type of wallet, you will most likely lose it forever!

With Coinbase, you transfer USD from your bank account/credit card to your USD wallet in Coinbase.  From there you can purchase, BTC, ETH, LTC, BCH. Once you have these you can transfer them to your personal wallet of the same type if you wish.  To buy Altcoins, you'll need to transfer one of the four coins mentioned to an exchange such as Binance, Bitterex, Kucoin, etc.  (recommend ETH). In these exchanges you can trade the coins for other altcoins.  The exchange trade in pairs.( example, if you tranfer ETH to binance, and you want to buy NEO, you choose the ETH/NEO pair.) Good Luck I hope this helps.

[Prettygirl01315]

Paper wallet is a type of have a little process on accessing your funds paper wallet generate an public address and private key address for you. To access your wallet you need a paper wallet explorer by using its private key but using paper wallet might risky sometimes because there's a possibility that it might deleted somewhere or lost

[AlexAtom]

First time here and trying to learn about crypto. Looks like a good place to start.

I've opened a small account on coinbase and opened a GDAX account. Looking at the order flow book is very intimidating but in time I hope to understand a bit to allow me to do some trading. My experience is not entirely without some knowledge though. In the past I have dabbled in Forex so have some experience in charts T.A. etc. Of course I'm finding this type of speculating to be very different.

My question will seem very simple to you folks who have been around a while but to me is quite confusing. After generating a Paper wallet, how does one go about depositing funds into that wallet?

To me, all I have is a printed piece of paper with a private and secret address. Can I transfer USD from my bank to this wallet? Do I make a transfer from my Bitcoin wallet (in coinbase) to my USD wallet(in coinbase)? I want to be very careful to do it right so as to not make a mistake! Can someone offer some advice?

I'm sure this will be the first of many Newbie questions.

Thank you.

Yes, you just come into the right place. this forum is the biggest bitcoin community i think.
Paper wallet, it is just a paper, which the address of your wallet printed on it.
If you want to deposit your USD to your wallet, find the exchange that accepting USD, GDAX is okay.
You can deposit your USD to it. i don't use GDAX, but i think it have a same mechanism way for deposit some funds.
you just need to search how to deposit some of your funds to the wallet.

[Pandacomel]

In the most specific sense, a paper wallet is a document containing all of the data necessary to generate any number of Bitcoin private keys, forming a wallet of keys. However, people often use the term to mean any way of storing bitcoins offline as a physical document. This second definition also includes paper keys and redeemable codes. A paper key is a single key written on paper that is used multiple times like a wallet (this is strongly discouraged). A redeemable code is a single key intended to be funded and "redeemed" only once: these are commonly used for gifts and as part of physical Bitcoin coins/notes.But storing bitcoins on paper wallets is not safe unless very strict security precautions are undertaken during their initial preparation

[deevan]

Paper wallets act as offline cold storage, one thing you need to note here that your funds are not stored in wallets instead they are stored in the blockchain. Your paper wallet is just holding your public/private key pair. So as your funds are stored in blockchain you can share your public key with anyone to receive funds, but in order to spend those funds you need the private key, you can import the private key in secure online web wallet to spend it.
No, You can't transfer USD to this paper wallet address. If you want to send Bitcoin to your wallet make sure your wallet is Bitcoin compatible if you want to send Ethereum to your wallet make sure your wallet is Ethereum compatible. If you want to send USD, you can search for an exchange that accepts USD like BitStamp or transfer it to your local bank account.

[MTwallet]

Thanks to everyone. Excellent input. I now know more than I did before.

 BTW, Is there any way to reply to individual people who respond?

[cissrawk]

BTW, Is there any way to reply to individual people who respond?

Use "Quote" post that you want to reply, after you reply it then use quote again with different post. This is how you reply to individual post/reply.

[dreamteam17]

First time here and trying to learn about crypto. Looks like a good place to start.

I've opened a small account on coinbase and opened a GDAX account. Looking at the order flow book is very intimidating but in time I hope to understand a bit to allow me to do some trading. My experience is not entirely without some knowledge though. In the past I have dabbled in Forex so have some experience in charts T.A. etc. Of course I'm finding this type of speculating to be very different.

My question will seem very simple to you folks who have been around a while but to me is quite confusing. After generating a Paper wallet, how does one go about depositing funds into that wallet?

To me, all I have is a printed piece of paper with a private and secret address. Can I transfer USD from my bank to this wallet? Do I make a transfer from my Bitcoin wallet (in coinbase) to my USD wallet(in coinbase)? I want to be very careful to do it right so as to not make a mistake! Can someone offer some advice?

I'm sure this will be the first of many Newbie questions.

Thank you.

this is looking at what your wallet is and looking where you want to transfer money)

[MTwallet]

BTW, Is there any way to reply to individual people who respond?

Use "Quote" post that you want to reply, after you reply it then use quote again with different post. This is how you reply to individual post/reply.

Thank you, I'll see if this works.

[bitart]

Be really careful when you create a paper wallet, there are some scam sites who offer you to generate private/public key pairs but they will store those keys and after a while when you top up that address with bitcoins, they will move the bitcoins away with the stored private key.
To prevent this, you can find really good guides on this forum, how to generate those keys offline, to be on the safe side with your paper wallet.

[VitKoyn]

My question will seem very simple to you folks who have been around a while but to me is quite confusing. After generating a Paper wallet, how does one go about depositing funds into that wallet?

To me, all I have is a printed piece of paper with a private and secret address. Can I transfer USD from my bank to this wallet? Do I make a transfer from my Bitcoin wallet (in coinbase) to my USD wallet(in coinbase)? I want to be very careful to do it right so as to not make a mistake! Can someone offer some advice?

Paper wallets are wallets which your public and private key are printed together on a piece of paper, you need those public key to transfer Bitcoin to your paper wallet and you need those private key to be able to manage your coins (by sweeping it) when the time comes that you want to transfer it to another wallet or selling it (you should only be the one that have access to it), just be careful on where to create your paper wallet because some services that offers generating paper wallets are not worth the trust. You can't transfer usd from banks to your wallet directly lol, what you do is buy Bitcoin on an exchange like coinbase and pay them using your bank account or credit/debit card.

[dado7]

One more thing though, I see it hasn't been mentioned.
If you ("when you" actually, I do believe it is a matter of time) intend to make Ethereum-ERC20 wallet, use Myetherwallet (MEW). If you intend to make a Bitcoin wallet, make a Segwit2x one if you plan to hold it. Segwit2x is a next-generation protocol and the sooner you start using it the better, however, it has not yet been fully adopted on exchanges so it would take a month or two, maybe three before you will be able to transfer Bitcoin back and forth. On the other hand, if you need Bitcoin for trading, be sure not to make a Segwit2x wallet