Bitcoin Forum
September 19, 2018, 02:32:18 AM *
News: ♦♦ Bitcoin Core users must update to 0.16.3 [Torrent]. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Spending from paper wallet.  (Read 163 times)
Kennet_h
Jr. Member
*
Offline Offline

Activity: 59
Merit: 1


View Profile
March 29, 2018, 07:58:58 PM
Merited by suchmoon (1)
 #1

Hello!

I created 12 paper wallets a time back.
I created everyone at the same time, but everyone has their own private key.
I have BTC on 3 of them.

If i deposit everything from one of them, to my mycelium wallet, Nothing happens to the other ones right?

Sorry for the noob question, but i know some people have gotten burned, with not withdrawing the whole amount at once.

Just double checking that they are totally separated, and i don't somehow lose access to the BTC, on the other paper wallets  Smiley
Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537324338
Hero Member
*
Offline Offline

Posts: 1537324338

View Profile Personal Message (Offline)

Ignore
1537324338
Reply with quote  #2

1537324338
Report to moderator
1537324338
Hero Member
*
Offline Offline

Posts: 1537324338

View Profile Personal Message (Offline)

Ignore
1537324338
Reply with quote  #2

1537324338
Report to moderator
1537324338
Hero Member
*
Offline Offline

Posts: 1537324338

View Profile Personal Message (Offline)

Ignore
1537324338
Reply with quote  #2

1537324338
Report to moderator
Sellingaccs
Member
**
Offline Offline

Activity: 126
Merit: 49

Ask me for Pools, Nodes and Explorers.


View Profile
March 29, 2018, 08:06:06 PM
 #2

The private keys are completely seperated, so you can feel free to even sweep one of them at a time. And i do not know what you mean by "getting burned" because bitcoin does not disappear unless you lose the private keys. However it is recommended to transfer funds from the paper wallet as your camera will see the private key and some malware might get access to your funds left in that wallet.


After you are done with emptying the wallets, be sure to check LoyceV's fork claiming guide as you probably own alot of extra crypto from the forks.

Kennet_h
Jr. Member
*
Offline Offline

Activity: 59
Merit: 1


View Profile
March 29, 2018, 08:20:07 PM
 #3

Thanks!

What i had heard, was that if you only withdraw some of the amount from a paper wallet, the change might somehow ended up on another address?
Sellingaccs
Member
**
Offline Offline

Activity: 126
Merit: 49

Ask me for Pools, Nodes and Explorers.


View Profile
March 29, 2018, 08:27:00 PM
 #4

Thanks!

What i had heard, was that if you only withdraw some of the amount from a paper wallet, the change might somehow ended up on another address?

Oh yeah, sorry i forgot about that (forgot that sweeping transfers everything). All of the BTC will be in your mycelium wallet, if you sweep the paper wallet. There is no change at all, it just transfers the balance from private key and transfer it to mycelium generated keys.

Don't worry about it, you are good to go! However for sum like 3BTC, you should get Ledger Nano S or Trezor as both are around 100$ at most Smiley Nano S supports more cryptos than trezor, and they are pretty user friendly as well as the generation of the seed is really secure as the seed is never shown on the computer screen, nor it does ever go to the computer.

Kennet_h
Jr. Member
*
Offline Offline

Activity: 59
Merit: 1


View Profile
March 29, 2018, 08:42:14 PM
 #5

I got my Nano S yesterday, thats why im sweeping one of the wallets now Smiley
bob123
Hero Member
*****
Offline Offline

Activity: 686
Merit: 561



View Profile WWW
March 30, 2018, 06:38:09 AM
Merited by suchmoon (1)
 #6

What i had heard, was that if you only withdraw some of the amount from a paper wallet, the change might somehow ended up on another address?

This happened to quite a few people.
They didn't sweep the coins (sweeping: wallet creates a transaction to a self-generated address within your wallet),
but imported the private key into the wallet and then made a transaction (not using the full amount).

What happened was: The wallet created a TX with the input from the imported paper wallet and two outputs (standard),
with one destination amount and 1 change outpout to a change-address of the wallet.
But those people thought the 'remaining' amount still is on their paper wallet.

This was simply due to not understanding how bitcoin/transaction works.


So, if you follow ONE of these two steps, you are fine:
1) Sweep the paper wallet. From this moment your paper wallet is 'empty'
2) Import your private keys and either spend the full amount OR keep a backup of the wallet used for importing (because of change address)

Kakmakr
Legendary
*
Offline Offline

Activity: 1414
Merit: 1124

★ ChipMixer | Bitcoin mixing service ★


View Profile
March 30, 2018, 12:36:24 PM
 #7

I got my Nano S yesterday, thats why im sweeping one of the wallets now Smiley

Why are you sweeping those coins? The paper wallets are still your most secure method to store those coins. After the last firmware upgrade and the Man-in-the-middle attacks on the Ledger, I am hesitant to move coins from cold storage to my hardware wallets. The idea behind paper wallets is to store coins for long-term and if you not going to use those coins, why then move it to a hardware wallet?

Remember : Those paper wallets might still have forked coins. <Bitcoin Cash / Bitcoin Gold etc> Do not throw them away.  Grin

Kennet_h
Jr. Member
*
Offline Offline

Activity: 59
Merit: 1


View Profile
March 30, 2018, 01:54:58 PM
 #8

What i had heard, was that if you only withdraw some of the amount from a paper wallet, the change might somehow ended up on another address?

This happened to quite a few people.
They didn't sweep the coins (sweeping: wallet creates a transaction to a self-generated address within your wallet),
but imported the private key into the wallet and then made a transaction (not using the full amount).

What happened was: The wallet created a TX with the input from the imported paper wallet and two outputs (standard),
with one destination amount and 1 change outpout to a change-address of the wallet.
But those people thought the 'remaining' amount still is on their paper wallet.

This was simply due to not understanding how bitcoin/transaction works.


So, if you follow ONE of these two steps, you are fine:
1) Sweep the paper wallet. From this moment your paper wallet is 'empty'
2) Import your private keys and either spend the full amount OR keep a backup of the wallet used for importing (because of change address)

I used Mycelium, selected cold storage, then send the whole amount to my ledger wallet.
If i spend parsel amounts from the ledger wallet, will my funds still be on the ledger wallet, or will my change end up on the mycelium wallet?
Kennet_h
Jr. Member
*
Offline Offline

Activity: 59
Merit: 1


View Profile
March 30, 2018, 02:02:54 PM
 #9

I got my Nano S yesterday, thats why im sweeping one of the wallets now Smiley

Why are you sweeping those coins? The paper wallets are still your most secure method to store those coins. After the last firmware upgrade and the Man-in-the-middle attacks on the Ledger, I am hesitant to move coins from cold storage to my hardware wallets. The idea behind paper wallets is to store coins for long-term and if you not going to use those coins, why then move it to a hardware wallet?

Remember : Those paper wallets might still have forked coins. <Bitcoin Cash / Bitcoin Gold etc> Do not throw them away.  Grin


I'm spending some of it, that's why i'm transferring to the ledger.
The hack has had me a little worried, but for someone without a complete understanding of how bitcoin works, it still seems like the safest way, for when you want to spend coins.

Im keeping the other two paper wallets.

Any BTC airdrop between january 12, and march 29?  Smiley
TryNinja
Hero Member
*****
Online Online

Activity: 770
Merit: 756


ChipMixer's Badge of Honor


View Profile
March 30, 2018, 02:10:03 PM
 #10

Any BTC airdrop between january 12, and march 29?  Smiley
See for yourself: https://bitcoinforks.io/

P.s: Don't expect many of them to have some value. Almost all of them (if not all) are just shitforks which will be worth cents at most.
P.s-2: Don't blindly download a fork wallet and import your paper wallet to spend the fork coins. I'm pretty sure some forks are just baits made to steal people's wallets.

Kennet_h
Jr. Member
*
Offline Offline

Activity: 59
Merit: 1


View Profile
March 30, 2018, 02:20:30 PM
 #11

Thanks!

Im only claiming, from my empty paper wallet.
HCP
Hero Member
*****
Offline Offline

Activity: 728
Merit: 923

<insert witty quote here>


View Profile
March 31, 2018, 01:47:52 AM
 #12

I used Mycelium, selected cold storage, then send the whole amount to my ledger wallet.
If i spend parsel amounts from the ledger wallet, will my funds still be on the ledger wallet, or will my change end up on the mycelium wallet?
Yes... because you sent the full amount to your Ledger, then nothing you do from that point on will involve Mycelium (unless you explicitly send something back to the Mycelium wallet). So, any "change" generated from a transaction sent from the Ledger, will go back to your Ledger wallet.

crptomoon1001
Jr. Member
*
Offline Offline

Activity: 62
Merit: 1


View Profile
March 31, 2018, 02:23:50 AM
 #13

You can use your paper wallets in the exact same manner you described...

And no , you wont loose any money

LaneAxis

- The FUTURE of Trucking and Freight Supply Chain -  (https://laneaxis.io)
Kakmakr
Legendary
*
Offline Offline

Activity: 1414
Merit: 1124

★ ChipMixer | Bitcoin mixing service ★


View Profile
March 31, 2018, 06:52:00 AM
 #14

I got my Nano S yesterday, thats why im sweeping one of the wallets now Smiley

Why are you sweeping those coins? The paper wallets are still your most secure method to store those coins. After the last firmware upgrade and the Man-in-the-middle attacks on the Ledger, I am hesitant to move coins from cold storage to my hardware wallets. The idea behind paper wallets is to store coins for long-term and if you not going to use those coins, why then move it to a hardware wallet?

Remember : Those paper wallets might still have forked coins. <Bitcoin Cash / Bitcoin Gold etc> Do not throw them away.  Grin


I'm spending some of it, that's why i'm transferring to the ledger.
The hack has had me a little worried, but for someone without a complete understanding of how bitcoin works, it still seems like the safest way, for when you want to spend coins.

Im keeping the other two paper wallets.

Any BTC airdrop between january 12, and march 29?  Smiley

Ok, just do not do all of them at once. Do a test run with one wallet and monitor that wallet. Also see if the forked coins were swept from that wallet, before you sweep the rest or the wallets with the bigger amounts.

I have several Ledger wallets with the firmware upgraded and I have never lost any coins, so you should be fine. I have to say, Ledger reacted very quick and it was not really a hack. It was more a exploit that could have led to people losing coins, if they did not patch the firmware. <The man-in-the-middle attack can happen on any hardware wallet>

nc50lc
Full Member
***
Offline Offline

Activity: 350
Merit: 132


∙Self-proclaimed-Genius ㊙️


View Profile WWW
March 31, 2018, 08:38:17 AM
 #15

Thanks!

Im only claiming, from my empty paper wallet.
If they (those empty addresses) didn't have any balance before the forks (which is obviously none for an unfunded paper wallet),
will not get any forked coins at all.

I assume that your post was a reply to the top post before that reply.
Otherwise: wait what?  Huh

Kennet_h
Jr. Member
*
Offline Offline

Activity: 59
Merit: 1


View Profile
March 31, 2018, 01:53:46 PM
 #16

The wallets didn't have btc, during the bch airdrop. But i can claim bitcoin atom, and som other shitcoins(1.12-29.3)
Sellingaccs
Member
**
Offline Offline

Activity: 126
Merit: 49

Ask me for Pools, Nodes and Explorers.


View Profile
March 31, 2018, 02:02:24 PM
 #17

The wallets didn't have btc, during the bch airdrop. But i can claim bitcoin atom, and som other shitcoins(1.12-29.3)

Well there is an easier way for you to check which forkcoins you own. Try this service: http://www.findmycoins.ninja

You can paste all of the public keys there, and it will show you the amount of coins that you own of the forks.

Kennet_h
Jr. Member
*
Offline Offline

Activity: 59
Merit: 1


View Profile
March 31, 2018, 02:28:44 PM
 #18

Thanks!
That's helpful, have some old wallets from way back, i can chek also.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!