Press Send, and you're all set! Now when you click on the Receive tab in Electrum, you'll see the full balance in your address, minus the. You have to manually do this math, which is a little annoying. Now, paste your receiving address in the "Pay to" field, and enter a description.įor the Amount, enter the entire contents of the paper wallet, minus a. Then right-click on the imported address and choose "Send From." So first, control-click on one of your Electrum receiving addresses to copy it to your clipboard. Also, since you'll be transferring it to one of your Electrum addresses, it will be recoverable using your wallet generation seed. (In fact, if I visited and searched for the 12WwoV address, nothing will have looked different from the screenshot at the top of this article.) Your goal now is to transfer the funds to one of your Electrum wallet addresses so that it's actually "yours". Even though I control the addresses's private key and hence the full balance of the paper wallet, that doesn't mean it's "mine" yet. Now here's something important to remember. That's another cool thing about private keys they contain the public key embedded within them. Nice! Now you can see in the screenshot above that the 12WwoV address is now in my Electrum wallet in a newly-created "Imported" section, and my bitcoin balance is now 0.36477. Paste your private key into the field and press Import. Go to Wallet > Private keys > Import and click Yes on the message below. That's going to change when you import your private key and the paper wallet's funds get associated with your wallet.
In the screenshot above, notice how my balance is still 0 BTC. Cool! Copy the private key to your clipboard and go to Electrum. Notice that 12WwoV… address? That's the same address as the paper wallet – and it was able to figure that out from only the passphrase and encrypted private key. If your passphrase is correct, the Address and Private Key fields will automatically get filled in.
#Electrum wallet address download
(If you're paranoid you can run it from a local copy you can download from its GitHub page.) Enter your BIP38 Passphrase (the one you used when creating the paper wallet with ) and paste your encrypted private key, then press the blue button. Decrypt the Private Keyīefore I import my private key into Electrum, I need to decrypt it. The bottom line, remove everything from a paper wallet when you want to retrieve its funds. The reason has to do with change addresses and you can read more about it here. This is super important: Any time you take funds from a paper wallet, you have to take out all the money. The overall process is to import the private key into Electrum, then send the complete contents of the paper wallet to another address in my wallet. I'm confidant the paper wallet contains the funds because I pasted that 12WwoV… address into, and can see the "Final Balance" – see below. (To see more about creating paper wallets, read my previous post called " Creating a Bitcoin paper wallet for cold storage.") The paper wallet was made with, using BIP38 encryption for the private key. So here’s a step-by-step guide.īelow is a paper wallet containing 0.36477 BTC (at the time of this writing). Getting it out is a little more complicated. Sending money to a paper wallet is the easy part.
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