2 upvotes, 1 direct replies (showing 1)
View submission: Moving bitcoin off of paper wallet
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.
Comment by cityburner247 at 01/02/2025 at 18:13 UTC
1 upvotes, 1 direct replies
Curious more specifics on making an actual transaction and moving the full amount. I’ve read that electrum can sweep the wallet and Coinomi also has this feature but may be prone to service outages. Am I over complicating it or is it simple as sweeping onto electrum and then moving to my final preferred storage location (whether it’s cold storage like a ledger or just sending it to coinbase from Coinomi/electrum)