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Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b

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Join the Robinhood app and invite your friends to Robinhood and win free stock. Here’s my invite: http://share.robinhood.com/heidic1

Find me on Steemit: www.steemit.com/@heiditravels
Twitter: @blockchainchick
Instagram: @hheidiann

If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview

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.

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30 COMMENTS

  1. do you feel it is safest to use a paper wallet ? with a trezor you said it was easy to find the codes, and in addition on internet trezor says if you loose your key you can still ask them for it if you remember your special pass sentence – is that safe enough or not? thanks very much

  2. Thanks for this Heidi! I had a paper wallet that needed to be transferred to my online wallet. I sent a small amount first to get comfortable, then moved to send the rest of the funds. Seamless with your instruction!

  3. 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

  4. 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.

  5. Blockfolio works great to track all your coin. Enter the type and how much you own and it scans prices to give current values. Simple and works great.

  6. Thanks for video. I shudder to think, in the early days, of all the crypto coins being lost by not knowing how to move coins around wallets/exchanges. This information is golden!

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