How To Use Bitcoin Paper Wallet

To use bitcoin you don t need blockchain on your computer.

How to use bitcoin paper wallet. The site will create your wallet with the corresponding qr codes and keys and once it s been generated your data is wiped from the site preventing any keys from being saved internally. Almost all bitcoin wallets will create a 6 24 word phrase that you can use to backup and restore your wallet. Spending funds from a paper wallet is a three step process consisting of. I have a few questions on how all this works because i have very ignorant on cold storage of crypto currency. Using private browser mode go to a bitcoin paper wallet creation site.

Blockchain is a fine wallet for spending small sums loaded onto a paper wallet but is a poor choice for long term storage of bitcoin. One of the most popular options for keeping your bitcoins saf. You can use any bitcoin paper wallet generator online to get started. Sorry for all the quest. As of right now i have all my bitcoin in coinbase pro previously know as gdax.

There are a number of different bitcoin paper wallet generators you can choose from. Ensure that the client is fully synced with the bitcoin blockchain. For this tutorial we will use a popular paper wallet generator bitaddress. This is a crucial step. This receipt is called a paper wallet which you can learn more about on our digital wallet page.

Write down your back up phrase on a piece of paper not on a computer. You can use spv wallet e g. In order to use bitcoins from this paper wallet you don t need to wait for 3 weeks to synchronize with networks. This piece of paper paper wallet actually contains the bitcoin that you are trying to send. I just created a paper wallet from.

But you will need to move them to a digital wallet first before you can send them anywhere step 2. Importing the paper wallet into the software wallet. Creating a paper wallet. In this case you will be able to use bitcoins almost immediately. Creating a software wallet.