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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
If you’re looking for an app that tracks the price of BTC & ETH check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview
When you are generating your paper wallet it’s important to disconnect your computer from your wifi or internet connection.
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 options 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.
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.
You can do so by getting your blockchain.info wallet address by selecting the “receive” option here, copy the address and then go to the “send” option and select the wallet you’d like to send coins from, and paste the address of the blockchain.info wallet.
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.
Three very important tips for anyone new to transferring their crypto:
First, 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. Second, 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.
Third, 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.
What the fuck? I want to use a paper wallet to pay a vendor/invoice directly. Why the F do I have to start accounts at blockchain or anywhere else ? I don't want to do that. I want to pay the money in the paper wallet directly. Can anyone explain how to do that???? The whole idea is to keep all of this crap off the computer. By having to pus around with blockchain the entire purpose of the paper wallet is DEFEATED. Why? Can the paper wallet be used directly as payment? If so does anyone have a video explaining how? This is way way way to complicated. Recovery phrases, many multiple steps, multiple this multiple that
Paper wallets are not designed to facilitate ease of spending. They are designed for those who want to store their cryptocurrencies offline for long periods of time. If you plan on depositing and withdrawing your cryptocurrency multiple times, I suggest getting a hardware wallet like Trezor, Ledger or KeepKey. If you're interested in learning about other wallet options here are some videos you might find helpful:
I keep seeing... over and over... people talking about how to make a paper wallet and I just don't understand how to do it. I bought a nano s and it didn't work. So I bought a trezor and it doesn't work. And I have been watching countless videos on how to store my coins in a paper wallet and can't figure it out. Is there a way for someone like me to mail you some money and let you put it on a wallet and mail it back? I'm going to loose everything if I can't figure out how to get my cryptos stored offline.
Hi... Crypto tip
Thanks for the information..
Can blockchain. Info to be use for other altcoins paper wallet? Like checking balance or send fund??
Can paper wallet store ico token? If not where is the best way to store ico token?
I need some serious help...I'm a newbie...just sent a token $2 bitcoin from coinbase to my bitaddress which I'm supposed to find at blockchain.info...coinbase gave me my confirmation info but when I go to blockchain.info there's nothing there & I've got all my passwords in place....PLSSSSSS HELP....Tks a bunch...I've watch a ton of your videos & really get alot out of them...
see if I got this.....If I import my private key to my windows wallet of my current coin...will the entire balance of my paper wallet be applied and the paper wallet it came from is trash ? ...any balance I dont spend after importing I would want to create a new paper wallet and send my unused balance to it?.....hope I make sense lol
sorry, didn't understand this. You should explain step by step where and how to create a paper wallet? how to send coins to a paper wallet? which internet wallets support the import method (besides blockchain.info)
blockchain.info is specifically for Bitcoin. MEW(MyEtherWallet) is specifically for Ethereum. Once you've created the paper wallet for ETH, save the public and private keys in the same way that I've described in this video.
You don't need to "sign in" to your paper wallet to send funds, all you need is your public key. This is the address you'll use to send your coins to. To access your funds that you've sent to your paper wallet you can access them my importing your paper wallet. You can go to myetherwallet.com and select the "send Ether and Tokens" tab. Here you can import the paper wallet using the private key option. Please take a look at my video that explains how to use My Ether Wallet here: https://www.youtube.com/watch?v=tdAneX2YTqA
Thanks, I use ETH, not BTC. I understand Myetherwallet has the paper wallet option for ETH. But I quite dont understand well how to sign on from it in order to receive or send funds (ETH). I will have to investigate more.. can I link my ETH paper wallet to Blockchain?
Woodfire bbq go to bitaddress.org this is for paper wallets only for Bitcoin. Move the mouse around to randomize the addresses.
Send coins to the public address of the paper wallet. Access the funds by importing the private address to an account on blockchain.info.
This is the easiest way to create a paper wallet, send your coins to it. And when you’re ready, access the funds.
It seems complicated because it is. Paper wallets are great for the very long term storage of Bitcoin. They aren’t designed for ease of use or regular transfers. If that’s what you’re looking for; might I suggest checking out my video that’s titled: How to store your Bitcoin. Ethereum, Dash etc...
I'm trying to figure out this crypto stuff. I want to buy Latium but they seem to be saying (on their website) to give them my Etherium wallet address? I don't get that. In your video, you say I need a crypto specific wallet. Why would they need an Etherium wallet address?
Doug, you cannot import a paper wallet onto an exchange since they have control of the private keys of your wallets there. If you want to gain access to your Ripple being stored on a paper wallet contact Ripple's help center here: https://ripple.com/contact/
Not that it makes the odds of happening likely, but Obama’s NSA was busted in 2014 putting special chips in at least 125,000 computers around the world that allowed them to spy on any computer within a range of it, connected to internet or not, powered on or not. So this air gap process is not as secure as one might hope.
Options for storing multiple cryptos in one spot (but still in different wallets) include things like Jaxx wallet and the Ledger Nano S. Depending on how much you value your crypto, Jaxx is a lot less secure than the Ledger.
Like I said in the video, in order to ever move any cryptocurrency the process is the same. You'll need to know the address that you will be sending it to first. Then go to the wallet where your coins are being stored and select withdraw. Input the address you'd like to send them to.
BE SURE THE ADDRESS YOU ARE SENDING IT TO IS APPROPRIATE FOR THE COIN YOU ARE SENDING.
IF IT ISN'T YOU WILL LOSE YOUR COINS.
If you're nervous, send a little bit first, if it goes through successfully go ahead and do the same exact thing and send the rest.
You cannot send Bitcoin to an Ethereum wallet. or vice versa or mix and match any coins and their wallets.
If I want to send my coins from my paper wallet to my exchange account like coinbase and then cash out, I can do that right? I have a blockchain account but can I bypass that and send directly to coinbase from my paper wallet? Thank you. I am still learning.
Is it just me or Blockchain.info charge like $30 just to import a private key onto their website.
I feel like I'm getting nickled and dimed to death, or maybe more accurately "ten'ed and twenty'ed to death"
i've few question.
how can i make a paper wallet for XVG or any other coin. ?
How can i check the balance of that paper wallet?
How can i import xvg's paper wallet to blockchain or any other online wallet?
You'll have to visit their official website and see if they have a paper wallet option.
Once you've created a paper wallet you can visit their blockchain explorer and type in your PUBLIC address to see the balance.
Usually you'll have to download their client wallet first and then import your paper wallet into that to access your funds.
You can check the status of a processing of a pending transaction and and all the history of all confirmed tranactions of in your wallet easy... ______It sometimes helps to get and look up the TXID number of a pending or confirmed trasaction.------ YOU EASILY CHECK IT BY GOING HERE. Chain.so. | blockexplorer.Info. | https://chainz.cryptoid.info
Hey Heidi, Great video! I was wondering if I hypothetically wanted to buy some less popular altcoin like for example ark, salt, or vertcoin etc, and store it individually on a paper wallet, can I still use one I made on bitaddress.org or do I have to create a paper wallet specifically designed for said alt coin? Thanks!
Crypto Tips .. Okay i need one more suggestion plzz..
Will it be good to invest in ripple coin.. What future do u see for ripple.. Any positives?? Because market is going down these days.. When do u expect it will rise again?
Heidi, when will someone get smart and start a service that charges to walk people through sending paper wallets to collect all the different bitcoins. I now have BTC, BCH, BTD and new ones to come. It is very frustrating! I would pay a fair amount of money for such a service via paypal! They could walk them through it over the phone. Charge by the hour or whatever!
It is SUPER confusing. It is overly complicated, confusing and a commercial of Blockchain. The issue is - CAN ANYONE OUT THERE EXPLAIN HOW TO USE FUNDS ON A PAPER WALLET DIRECTLY TO PAY A VENDOR WITHOUT MULTIPLE STEPS, STARTING ACCOUNTS AND ALL THE NONSENSE?
Hi, I like your videos......I'm a relative newbie....just wondering, about paper wallets.......am i able, once i have generated these wallets, that much i can do..can i send any alt coin to these paper wallets......or are some coins specially designated to their own wallets? I want to move altcoins from an exchange to paper wallets....but they don't seem to want to go.........there's plenty of tutorials on how to send etc..........but as I said...can any altcoin be sent to a generated paper wallet from any exchange? much appreciate any assistance............ta
Very important that you know this: Each and every different cryptocurrency requires it's own wallet. For example, you cannot send Litecoin to a Bitcoin wallet, or Dash to an Ethereum wallet. Bitcoin can only ever be stored on a bitcoin wallet and Dash can only ever be stored on a Dash wallet. If you mix this up you will lose your money. Period. It's very important that you know and understand this before moving any of your coins.
Not every alt coin offers paper wallet options. If they do, you can find that option on that coin's official website.
Paper wallets are not meant for ease of use, they are designed to keep your coins offline for a long period of time. So if you plan on wanting to access any of these coins that you are wanting to put on a paper wallet, you should know that once you access the coins on the paper wallet that wallet is essentially compromised, and you will have to create a new paper wallet for any coins that you want to continue to store.
If you're looking for a more user friendly option for safely storing your cryptos, I highly suggest checking out what are called Hardware Wallets. Like the Ledger Nano S, KeepKey and the Trezor.
These are much more secure than keeping your coins on an exchange and they are much more accessible and user friendly than paper wallets.
at time stamp 1:23 you transition from the BitCoinAddress Public and Private Keys.... Right to the Block Chain.... and how to move BTC OUT...of the wallet....But you SKIPPED HOW THE BTC WAS MIGRATED ....I...N...T...O........ THE WALLETIf this discussion is for beginners.... um duh
wilthout this task explained or at least acknowledged.... I lost
Once you've imported the paper wallet onto blockchain.info account. You can access the funds now because the wallet has now been imported. From here you can send the funds out of the paper wallet and into an account that lets you more easily transfer your funds without exposing your private keys. Like your blockchain.info wallet for example. I did cover this in the video, I realize that I may have gone a bit quickly, but if you re-watch it, you'll find that the info is indeed there.
bla...bla....bla....crap...crap...crap...step one in giving a lesson is an over view... a flow chart.... a " this is the big picture"yes I am rude.... but I am damn tired of technical experts..... thinking that they are teachers.
this was " one concept... crashing into anothe t concept....." oh yea but pay arpttention here".....
by the way.... I am a highly regarded teacher.... as in my oers respect me and my students love me.... yes really...because I dont allow rambling dialogues to be sold as a lesson plan
Bitcoin is the future and you make it understandable! Great video!!
Do you or somone have som spare Bitcoin so i can start playing around whit it??
If so my public key is: 36tizJRc7e9T47jbdKYUjVo9JgGsiUPL1Z
Thx a lot!!!
With Windows safe mode many viruses won't be able to work. You can use it to create a paper wallet after you downloaded the website on your computer. For extreme security I would reocmmand to do it on a fresh install
Sorry, I'm sure the first part of the video is dead simple IF you've done it 50 times. However for an absolute beginner it nearly impossible to follow. At least twice I had no idea which adress you were talking about : private, publice or Blockchanin.info bitcoin wallet address. Nice to try to help us though....
You said "There might be a fee" for the transfer. Is there a fee and how much?
Is there a minimum fee that we will pay twice if we use use your "trial" suggestion?
Is it a % or a fix fee?
The whole fees question remains fuzzy and hard to understand for me. I can't find clear answers anywhere.
If I transfer 30$ equivalent in bitcoins from an exchange to my desktop wallet, how much will it cost?
Same question from my desktop wallet to my phone wallet?
I read that the fees could be up to 5$. This does not make any sense for 30$.
Can someone clarify this?
OK? I read a lot just in the last 4 hours and this does not match what I read.
The minimum fees from the minors don't seem to be the biggest part of the game.
An added fee is mandatory or the transaction takes a huge amount of time or may not be processed at all.
Some wallets allow to set the fee, others like Exodus do not and set the highest to speed up the transaction.
I have read about up to 42$ fee with Exodus. This does not make any logical sense.
Can you explain this more in details or have you made a video about this?
I am still looking at the proper wallet to use and there is no way I am willing to pay anything more than 5$ CAD for a transaction. The fees with bitcoins is a huge problem and if all newbee like me were more aware of this issue, the Bitcoin value would be much lower. It is an omerta conspiration?
Why is it so complicated to get clear answers about that? Let's be honnest.
The fees are determined by the miners, there is no fixed fee, it does fluctuate. You pay a fee each time you make a transaction (sending coins) because you are using the blockchain and miners will be processing each transaction you make. They process transactions that have paid higher fees first because those are more valuable to them, if you want your transaction to go through you have to pay a higher fee. That's the free market for ya.
If you are using an exchange there will be additional fees since this is how the exchange makes money- these are fixed and you can find these listed on the exchange.
The recent implementation of SegWit is supposed to help ease the cost of these BTC fees. However I can say with near certainty that it should not cost you $5 to send $30.
It's also good to know that there are other coins that exist that don't have high fees like BTC. Steem for example is completely free to transfer 100% of the time, with PIVX you can choose your fee from $0-whatever you want to pay, the more you pay the quicker it is completed.
Steve Gale yes, this is how you make a transfer for any crypto from any wallet.
If you want to send coins out of your wallet you select send and input the public address of the wallet you are sending it to.
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