https://www.reddit.com/r/Bitcoin/comments/1ifajq1/moving_bitcoin_off_of_paper_wallet/
created by cityburner247 on 01/02/2025 at 16:52 UTC
3 upvotes, 4 top-level comments (showing 4)
What is the most user friendly way to move bitcoin from a paper wallet back online? Do I need to be careful about the format of my private key? Is Coinomi trustworthy for a paper wallet sweep? Am I safe ultimately sending bitcoin to coinbase or should I send it somewhere else? Any advice would be appreciated, it’s makes me nervous moving it around without being a true expert.
Comment by dopstra at 01/02/2025 at 17:29 UTC
4 upvotes, 0 direct replies
I recommend checking out electrum.org[1] if you have a 12 word seed phrase paper waller. That way you can move it to whereever you want
Comment by Honest-Alarm-2675 at 01/02/2025 at 17:04 UTC*
2 upvotes, 1 direct replies
You don't need to move it "back online" as Bitcoin is always on the blockchain. If your paper wallet has a QR code for the private key you can easily move it to a mobile wallet by scanning the code. In this case you are not really "moving" the money, just storing the private key on your phone. I would probably start with that as an easy first step and if it's a significant amount you could move it to a new address with the keys stored on a hardware wallet later.
Comment by RoughGoosen at 01/02/2025 at 18:06 UTC
1 upvotes, 1 direct replies
What is your objective? Holding long term? Selling? If you want to hold long term you can keep your btc on the paper wallet, I would definitely recommend a better type of offline wallet like a jade or coldcard eventually. Coinbase is good for US customers and will work nicely for buying and selling any amounts you want. You can send Bitcoin back and forth between your offline paper wallet and your coinbase account. Think of it as a savings account and a checking.
Comment by ackinsocraycray at 01/02/2025 at 20:36 UTC
1 upvotes, 0 direct replies
Does your paper wallet private address begin with a 6? If so, Electrum won't be able to sweep/import it. You need to get it decrypted with a passphrase.