I have a friend who is not very techie and has someone else buying crypto for him. When he found out I was a member of this forum, he wanted me to ask this question for him:
"If a person has their electroneum coins in a paper wallet, how can you send them to an exchange without having to go through a KYC verified wallet?"
Are you asking....if you can send directly from paper wallet to an exchange, without using the my.electroneum.com website?
I am asking if a person can send ETN directly from a paper wallet to an exchange without going through a KYC verified account of any kind. If my.electroneum.com website can be included (as an intermediary KYC verified account) in this question of mine, then YES.
My friend wants to know how to privately hold ETN if a paper wallet will not ultimately work as a private wallet from beginning to end of holding it and also getting it to an exchange. All privately done.
To move your ETN from your paper wallet to an exchange, you must create a new wallet using the keys from your paper "wallet", to be able to actually direct your coins to move out of the paper wallet to an exchange.
>>>A paper wallet is not ACTUALLY a wallet, but the keys necessary to create a wallet connected to your coins.
1. To bypass KYC, you would first use an exchange that lists ETN, and will allow you to make a withdrawal without requiring the KYC process for the value you wish to transact. Check the terms and withdrawal limits of the exchange.
2. If you dont wish to use the centralized online and app wallets of Electroneum LTD, which require KYC.....you can use the CLI (command line) wallet if you are tech savvy, or the Desktop GUI Wallet for an easier and more user friendly experience:
https://github.com/andrepatta/etn-desktop-wallet/releases/tag/v1.0-beta.0