• On the OFFLINE system create an imported private key wallet using the paper wallet's private key. (Easy enough, so far so good)
• On the ONLINE system go to the "Send" tab and enter the payee's details and the amount you want to send them (THIS IS WHERE I GET LOST... WHAT IS THIS??) Click on "Pay" and then "Advanced" to view the unsigned transaction. (WHAT TRANSACTION?? WHAT AM I SENDING TO WHO??)
-This refers to the payment you want to make, whether to your Coinbase address or another destination. It’s essentially like filling out a check: online, you fill in the data (the check being the transaction), and then you take that check to the owner privately (offline) for them to sign it with their protected keys. Therefore, no one will be able to falsify a check without access to the owner's signature.
Once signed, you take your check to the bank (online transaction) without risk because the owner never left their panic room.