How to transfer your bitcoin from your paper wallet to a blockchain.info account so you can access your funds.
I’ll also cover the basics of how to move your crypto from one wallet to another for those who are brand new to crypto.
I’ve created a new bitcoin paper wallet using bitaddress.org.
When you are generating your paper wallet it’s important to disconnect your computer from your wifi or internet connection.
You'll now have a public address and a private address.
It’s the private address that you want to keep from exposing to potential hackers by keeping your computer offline while this is being displayed because it is the private key that allows you to withdraw the funds.
Print out this page, make a copy just in case, or write it down, both the public and private keys or addresses and store somewhere very safe.
Now when you are ready to move your bitcoin or you want to cash out, you can do this by creating a free account with blockchain.info.
All you need is an email and password.
Once you are signed up they will send you an email with your wallet ID, now this is very important because you’ll need this ID to log into this account.
With your brand new account you’ll need to go to the settings menu and under the Security option be sure to back up your account with the wallet recovery phrase.
This will allow you to still gain access to your funds even if you forget your password.
Once you’ve written down your recovery phrase store this in a safe place much like you would your private key for your paper wallet.
Now this is how you import your paper wallet onto your blockchain.info account.
Go to Settings and then select the addresses option.
Here you can Import addresses.
Now pay attention.
In order to import your paper wallet you’ll need to type in the PRIVATE address of your paper wallet.
It is for this reason that I highly suggest that you take out all coins from the paper wallet as the private key has essentially been compromised.
Even if you want to continue storing some of your bitcoin on a paper wallet, just create a new paper wallet and store them there.
Discontinue use of any paper wallet that has had it’s private key used anywhere on the internet.
This is why I highly suggest moving everything out of this imported address into your blockchain.info bitcoin address.
You can do so by getting your blockchain.info wallet address by selecting the Request option, copy that address and then go to the Send option and select the wallet from which you’d like to send coins. Then you will paste the address of the blockchain.info wallet into the recipient field.
So you will have effectively imported your paper wallet and transferred all of your funds out of that paper wallet address and onto your blockchain.info wallet, the same wallet that is now backed up with your recovery phrase.
Congratulations!
Whenever you want to send coins from one wallet to another, this includes exchanges, since the coins you have on an exchange are in a wallet on that exchange… you’ll need to follow this general protocol.
Open the wallet that is currently storing your coins, select the “Send” or “Send Coins” option.
This is when you will need the wallet address of the location to which you would like to send your coins.
This is the address you will put into the “recipient” field. You’ll also need to input the amount of coins you’d like to send, keeping in mind there might be a transaction fee depending on which coins you are transferring, you’ll need to compensate for that fee if you need a certain amount of coins in the new location.
If you want to give your address to someone so that they can deposit a coin into the appropriate wallet, you can go to the
Receive option and that’s where you’ll find your public address.
This is the address that is meant to be shared, where as your private key or private address is what you want to keep very safe, since that is what enables you to ultimately withdraw the coins.
Three very important tips for anyone new to transferring their crypto:
1: Be sure the wallet you are sending your coins to is appropriate for the coins you are sending.
You cannot send ethereum into a bitcoin address, or pivx to a Monero address, or steem to a steem backed dollar address. If you do this your coins will be lost.
2: Be sure you input the correct address into the recipient field.
I know most crypto addresses have a lot of upper and lower case letters and numbers and they can be daunting to look at at first, so I always double check the first few characters and the last few characters to be sure that I’m sending my coins to the right address.
3: If you need to transfer a large amount of coins and you’re nervous because it’s your first time transferring that particular coin or it’s your first time using that particular address, just send a small amount first.
Once you see that it’s gone through then you can have some peace of mind that you can send the larger amount successfully.