This step will cost you a small amount of bitcoin to pay the bitcoin miners for doing the transaction for you. Today my wallet tells me "Requests date.27, amount.0440 Status expired, Balance. In addition, if someone else has access to that backup phrase they can steal all your bitcoins, so secure that phrase like it was a gold nugget.
You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. This initiates the process of bringing your paper wallet into your app. Computer hackers can easily steal your bitcoins if they find your phrase. This is a crucial step!
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8, press Transfer Funds. The private key is the collection of around 60 random letters and numbers shown by the QR code. This state isn't secure, so proceed to the next step. Grant access to your phone camera. You now have all the contents of your paper wallet on your phone.
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