Walkthrough of Sweeping a Paper or Metal Wallet

1 year ago
8

Since you cannot spend or send coins from a paper wallet directly, you must sweep the entire contents of the wallet into a software wallet that has the option to sweep a wallet. At this time a hardware wallet cannot be swept to due to the fact that the hardware wallet has its own set of Private Keys.
So the act of sweeping coins to a software wallet should be viewed as a temporary step.
Either you are sweeping the coins to spend them immediately or, you wish to hold them long term on something more durable than paper.
If you are spending them, then do so from the software wallet.
If you wish to hold them long term, then transfer them from the software wallet to a hardware secured wallet address.
After you have swept the paper wallet, destroy the paper wallet. This is necessary because some wallets will keep the Private Key info from the paper wallet which will put the coins in the software wallet at risk.

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