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Author Topic: scanning a paper wallet and fees?  (Read 118 times)
helloeverybody (OP)
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December 16, 2017, 10:00:07 AM
 #1

Does scanning a paper wallet import your private key into whichever wallet you use to scan it or does it initiate a transaction costing fees to send it from paper to wallet? Ive got one i need to scan but im a bit worried its going to cost me more in fees than its worth if it needs to make a transaction.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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December 16, 2017, 10:59:38 AM
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There is a difference between importing and sweeping, importing basically add the private keys and the address associated with it to your wallet but sweeping will send the funds from that paper wallet to one of your existing addresses (which will cost you fees in this case). I know that Mycelium and Coinomi allow sweeping only.

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helloeverybody (OP)
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December 16, 2017, 11:01:56 AM
 #3

There is a difference between importing and sweeping, importing basically add the private keys and the address associated with it to your wallet but sweeping will send the funds from that paper wallet to one of your existing addresses (which will cost you fees in this case). I know that Mycelium and Coinomi allow sweeping only.

Thanks, thats what i was wondering. I was planning using coinomi to sweep it but ill just import it using core instead since that will cost nothing.

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