3 upvotes, 1 direct replies (showing 1)
View submission: Moving bitcoin off of paper wallet
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 BitcoinAcc at 01/02/2025 at 17:26 UTC
2 upvotes, 1 direct replies
That's good advice, but OP should be aware that just storing the private key on the phone in that fashion does not mean, that the key now belongs to any of the seed word wallets that they also may have in the same phone app.
It's just a stand alone private key that is not included in the seed word backup.
So, better hold on to the actual paper wallet as a backup. Or even better, make an actual transaction from that stand alone key into a proper seed word wallet (or to an exchange). And when you move it, better be careful to move the whole amount, or otherwise you have to deal with a change address.