Superseded: Securely Withdraw a Bitcoin Paper Wallet: Offline Signing with your Phone via Electrum
Keep all your crypto safe & upgrade to a Ledger Nano X Hardware Wallet https://shop.ledger.com/pages/ledger-nano-x?r=5243ecbb8427
Alternatively, if you prefer a 100% Open Source wallet, a Trezor One is also a great value wallet https://shop.trezor.io/product/trezor-one-white?offer_id=14&aff_id=2922&source=YouTube
Chapters:
00:00 Intro
01:25 Software Setup
03:40 Air-Gapping your Phone
04:45 Importing Keys
06:08 Create, Sign & Send Transaction
09:00 Cleaning Up
10:00 BIP38 Passphrases
10:52 Sweeping Altcoins
Most of the guides that I have seen for sweeping (withdrawing or spending) Bitcoin from a paper wallet rely on you trusting that a single software wallet will sweep it correctly into your wallet, doing the sweep in a single step. If you aren't prepared to trust a single software wallet, or are simply sweeping a high value Bitcoin paper wallet, it is worth knowing how to do it securely by using your phone and your PC to offline-sign the sweep transaction with Electrum. It's easier than it sounds and I run through how to do it here. Basically this process lets you sweep a paper wallet with a similar level of protection than you typically get when using a hardware wallet like a Ledger, Trezor, Keepkey, etc. (In that it keeps your private keys offline and lets you verify the transaction details on a seperate device)
Official Electrum Website: https://electrum.org/#home
Electrum for Android https://play.google.com/store/apps/details?id=org.electrum.electrum
---------------------
If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.
For your first purcahse, just stick with CoinBase: https://www.coinbase.com/join/5691c9d0a4c3a05dfa000151
For Trading, just start with Binance: https://www.binance.com/?ref=18111926
By sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)
Don't have a hardware wallet?
Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc)
Get a Ledger: https://shop.ledger.com?r=5243ecbb8427
(If you are just starting out, I would just recommend a Ledger Nano S)
If this was helpful, feel free to send me a tip:
BTC: 37hiiSB1Poj6Shs8WawPS2HjT2jzHkFSQi
BCH: qr9qenlgjh0xlyz802h70ul69rpdj8z6qyuh7m79ah
LTC: MRWnUcsyofisVp5GvX7nxMog5caneycKZ6
ETH: 0x14b2E26021d0Ce8E2cE6a2Eb6E2690714bB18E17
VTC: vtc1qxauv20r2ux2vttrjmm9eylshl508q04uju936n
ZEN: znUihTHfwm5UJS1ywo911mdNEzd9WY9vBP7
#bitcoin #btc #ethereum #eth #cryptocurrency #crypto #ledger #trezor #security
Видео Superseded: Securely Withdraw a Bitcoin Paper Wallet: Offline Signing with your Phone via Electrum канала Crypto Guide
Alternatively, if you prefer a 100% Open Source wallet, a Trezor One is also a great value wallet https://shop.trezor.io/product/trezor-one-white?offer_id=14&aff_id=2922&source=YouTube
Chapters:
00:00 Intro
01:25 Software Setup
03:40 Air-Gapping your Phone
04:45 Importing Keys
06:08 Create, Sign & Send Transaction
09:00 Cleaning Up
10:00 BIP38 Passphrases
10:52 Sweeping Altcoins
Most of the guides that I have seen for sweeping (withdrawing or spending) Bitcoin from a paper wallet rely on you trusting that a single software wallet will sweep it correctly into your wallet, doing the sweep in a single step. If you aren't prepared to trust a single software wallet, or are simply sweeping a high value Bitcoin paper wallet, it is worth knowing how to do it securely by using your phone and your PC to offline-sign the sweep transaction with Electrum. It's easier than it sounds and I run through how to do it here. Basically this process lets you sweep a paper wallet with a similar level of protection than you typically get when using a hardware wallet like a Ledger, Trezor, Keepkey, etc. (In that it keeps your private keys offline and lets you verify the transaction details on a seperate device)
Official Electrum Website: https://electrum.org/#home
Electrum for Android https://play.google.com/store/apps/details?id=org.electrum.electrum
---------------------
If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.
For your first purcahse, just stick with CoinBase: https://www.coinbase.com/join/5691c9d0a4c3a05dfa000151
For Trading, just start with Binance: https://www.binance.com/?ref=18111926
By sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)
Don't have a hardware wallet?
Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc)
Get a Ledger: https://shop.ledger.com?r=5243ecbb8427
(If you are just starting out, I would just recommend a Ledger Nano S)
If this was helpful, feel free to send me a tip:
BTC: 37hiiSB1Poj6Shs8WawPS2HjT2jzHkFSQi
BCH: qr9qenlgjh0xlyz802h70ul69rpdj8z6qyuh7m79ah
LTC: MRWnUcsyofisVp5GvX7nxMog5caneycKZ6
ETH: 0x14b2E26021d0Ce8E2cE6a2Eb6E2690714bB18E17
VTC: vtc1qxauv20r2ux2vttrjmm9eylshl508q04uju936n
ZEN: znUihTHfwm5UJS1ywo911mdNEzd9WY9vBP7
#bitcoin #btc #ethereum #eth #cryptocurrency #crypto #ledger #trezor #security
Видео Superseded: Securely Withdraw a Bitcoin Paper Wallet: Offline Signing with your Phone via Electrum канала Crypto Guide
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