Difference between revisions of "Tutorials: How to import or sweep a private key from a paper wallet"
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'''Remember! If you import from the paper wallet to a software wallet the balance will be available on both.''' | '''Remember! If you import from the paper wallet to a software wallet the balance will be available on both.''' | ||
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<li> Wait a few seconds or minutes until the command pront returns, then its done.</li> | <li> Wait a few seconds or minutes until the command pront returns, then its done.</li> | ||
<li> Its advisable to send the full amout of the paper walllet</li> | <li> Its advisable to send the full amout of the paper walllet</li> | ||
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Revision as of 21:33, 2 July 2019
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Remember! If you import from the paper wallet to a software wallet the balance will be available on both. |
If someone gets hold of your paper wallet you can still loose your funds on the software walllet.
The safest method is to SWEEP your private key, basically its sending a transaction to yourself. After the sweep is complete, the paper wallet is completely depleted of funds and all of the private key’s cloaks now belong to a new private key in the software wallet. You do this by:
walletpassphrase yourpassphrase 120 importprivkey YourPaperWalletPrivateKey "OPTIONAL LABEL"