Difference between revisions of "Tutorials: How to import or sweep a private key from a paper wallet"
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Latest revision as of 21:52, 2 July 2019
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"
Free of Copyright Restrictions.