How to Transfer Bitcoin From Paper Wallet

What is a Paper Wallet?

A paper wallet contains your PRIVATE KEY and a PUBLIC KEY. IF YOU LOSE YOUR PRIVATE KEY, YOU LOSE ACCESS TO ALL YOUR BITCOIN. KEEP THIS SAFE.
Bitcoin Babylon LLC does not have access to this private key and is unable to send it to you if you lose access. This is one of the costs of decentralized blockchain technology. You own your Bitcoin, and are responsible for the safety of your private key.

Using a Paper Wallet

You can buy Bitcoin without a wallet. The ATM will ask you if you would like to print a paper wallet. This will also print a PUBLIC ADDRESS, which you can then scan on the next step to receive Bitcoin.
You can send Bitcoin to this address more than once, but it's not recommended due to the risk of losing the receipt with the private key. You should sweep your coins to a dedicated wallet each time.

We recommend transferring Bitcoin from a Paper Wallet to a dedicated Bitcoin Wallet

You should use a new paper wallet each time and sweep the Bitcoin immediately, or send the Bitcoin directly to your dedicated wallet.

Sweeping Paper Wallet

To sweep, you will have to use a wallet app to import the wallet and send the coins to your dedicated Bitcoin wallet.
This requires a transaction, meaning that you will need internet, and you will pay a small network fee on the Bitcoin Blockchain.

Supported Wallets