A paper wallet (the receipt with two QR codes) is a TEMPORARY form of storing your Bitcoin. The top QR code is the Public Key and the bottom QR code is the Private Key. The Public Key is used to FUND the wallet and the Private Key is used to RETRIEVE FUNDS from the wallet.
Sample Paper Wallet:
DISCLAIMER: Keep your Paper Wallet safe. If damaged, the QR codes will not scan and if the Private Key is incomplete, the funds will be LOST FOREVER.
We'll walk you through the process of retrieving your funds in 5 steps. Before we start you will need to have a digital wallet to store the Bitcoin on the paper wallet. If you do not have a digital wallet, below are links to the RockItCoin app. (The photos below are from the RockItCoin app.)
Before you get started, we recommend you fold your paper wallet along the dotted lines.
You will be using the Private Key (the bottom QR code) to import your funds.
Start by pressing the "3 lines" at the top right of the screen.
Select “Sweep Private Key”
Select the wallet type for your cryptocurrency.
Please make sure you are selecting the correct cryptocurrency that is in your paper wallet.
(In this scenario we will be selecting Bitcoin)
Place the BOTTOM QR CODE (PRIVATE KEY) in view of the camera.
It will scan automatically for you.
Make sure to only scan the private key and not the public key.
From here it will say "Importing Private Key" and "Private Key Successfully Swept"
Congratulations you have imported your paper wallet. Thank you for choosing RockItCoin!