Post
Topic
Board Bitcoin Technical Support
Merits 1 from 1 user
Re: Safest way to put in a private key and transfer BTC to Coinbase to sell?
by
LoyceV
on 07/10/2024, 09:01:57 UTC
⭐ Merited by DireWolfM14 (1)
Allow me to quote my answer on the same question that was asked 3 years ago:
I was considering Electrum, only downside is that when creating a wallet, seed creation is exposed
Online:
Install Electrum on your PC.
Import your address to create a watch-only wallet.
Preview the transaction, Copy the unsigned transaction. Put it on a USB stick.

Offline and running without hard drive storage:
Get a Linux LIVE DVD. Use Knoppix or Tails for instance, or any other distribution that comes with Electrum pre-installed.
Unplug your internet cable. Close the curtains. Reboot your computer and start up from that DVD. Don't enter any wireless connection password. Keep it offline.
Start Electrum. Import your private key.
Copy your unsigned transaction from the USB stick, load it into Electrum.
CHECK the transaction in Electrum. Check the fees, check the amount, check all destination addresses (character by character).
If all is okay, sign the transaction. Copy it back to your USB stick.
Turn off the computer. That wipes the Live LINUX from memory and all traces are gone.

Online:
Use your normal online Electrum to (check again and) broadcast the transaction.

Bonus:
After moving all your Bitcoin, and once the transaction confirmed, check if you own Forkcoins.