How to transfer bitcoin paper wallet

This article will show you how to send your bitcoin from a paper wallet to a digital wallet using the Mycelium Bitcoin Wallet. There are many different digital wallets, such as Airbitz and Breadwallet and the steps for transferring your bitcoin to a digital wallet app will be similar to what’s in this article. It’s also important to always backup your digital wallet.  Most apps provide you with a 12 words backup phrase to backup and restore your wallet in case you forget your wallet login credentials. Here’s a guide on how to setup and backup your Mycelium Bitcoin Wallet.

When you buy bitcoin from one of our bitcoin ATMs, you have the convenient options of scanning your wallet QR code, manually entering your address, or generating a new paper wallet that our bitcoin ATM prints out for you.  Our Bitcoin ATMs generate unique paper wallets and send the bitcoin you buy directly to that paper wallet.

This convenient paper wallet option provides our customers with the ability to buy bitcoin and other cryptocurrencies when they don’t have their own wallet. Each paper wallet consists of a public key and a private key. Bitcoin public keys are used to receive bitcoin and private keys are used to send or spend your bitcoin. Therefore, you should never share your private key with anyone because they can steal your bitcoin.

Keeping your cryptocurrency on a paper wallet is not advisable because you will lose your funds if you lose or damage your paper wallet. Furthermore, we won’t be able to help you retrieve those funds because we do not have access to the paper wallet’s private key. Our kiosk generates unique paper wallets and for your security, only you have access to the private key. Therefore, we highly recommend that you always transfer your funds from a paper wallet to a digital wallet that you own and control, as soon as possible. The good news is that sending bitcoin from your paper wallet to a digital wallet is easy and secure. Just follow the 5 steps in this article.