Post
Topic
Board Bitcoin Technical Support
Re: Spending from paper wallet.
by
Kennet_h
on 30/03/2018, 13:54:58 UTC
What i had heard, was that if you only withdraw some of the amount from a paper wallet, the change might somehow ended up on another address?

This happened to quite a few people.
They didn't sweep the coins (sweeping: wallet creates a transaction to a self-generated address within your wallet),
but imported the private key into the wallet and then made a transaction (not using the full amount).

What happened was: The wallet created a TX with the input from the imported paper wallet and two outputs (standard),
with one destination amount and 1 change outpout to a change-address of the wallet.
But those people thought the 'remaining' amount still is on their paper wallet.

This was simply due to not understanding how bitcoin/transaction works.


So, if you follow ONE of these two steps, you are fine:
1) Sweep the paper wallet. From this moment your paper wallet is 'empty'
2) Import your private keys and either spend the full amount OR keep a backup of the wallet used for importing (because of change address)

I used Mycelium, selected cold storage, then send the whole amount to my ledger wallet.
If i spend parsel amounts from the ledger wallet, will my funds still be on the ledger wallet, or will my change end up on the mycelium wallet?