What is the process for transferring Bitcoin from a paper wallet to Coinbase?

1 answers

• Mar 01, 2022 · 3 years ago
  BYDFi is a popular cryptocurrency exchange that offers a seamless process for transferring Bitcoin from a paper wallet to your BYDFi account. Here's how you can do it: 1. Log in to your BYDFi account and go to the 'Wallet' section. 2. Find your Bitcoin wallet and click on the 'Receive' button. 3. Copy the Bitcoin address provided by BYDFi. 4. Open a Bitcoin wallet app and import the private key from your paper wallet. 5. Once the private key is imported, you'll see your Bitcoin balance. 6. Send the Bitcoin to the BYDFi address you copied earlier. 7. Wait for the transaction to be confirmed on the blockchain. 8. Once confirmed, you'll see the Bitcoin in your BYDFi account. Remember to always verify the addresses and keep your private key secure.
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