I have bitcoin in a paper wallet.
I would like to import these directly into my Trezor - i.e. not via a third-party like Electrum etc.
Is this possible? And if so, how does one achieve this.
Thank you.
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You can’t.
Unless your paper wallet is itself already a 12 or 24 word seed phrase, the usual format (raw wif private key) is not compatible with what Trezor is doing.
From personal experience, I can recommend using Mycelium wallet for Android, because it has (or used to have) a “sweep” feature that lets you send from the paper wallet key directly to another address (your Trezor for example) – without having to create an intermediate hot wallet. It still means importing the private key into your phone, but the exposure time is minimal.
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That is a great help!
Thank-you very much for your time.
Sincerely, Duncan
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Dear @matejcik ,
Concerning your product “Trezor Model T” some people do state in forums that it does support the “sweep” functionality. Not to import but actual “sweeping”.
So to avoid any scam or misinformation, hence I’m asking here is that true?
Context: 2 offline paper wallets were recently created via “iancoleman/bip39” using the “Entropy” option which for one generated 24 “BIP39 Mnemonic” words and for the other more than 100+ “BIP39 Mnemonic” words.
Many thanks in advance and kind regards
P.S: The “BIP39 Seed” that was generated, that string is about 80 characters in length
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that’s usually not what you’d call a “paper wallet” but let’s not squabble about semantics.
If you generated a valid 12, 18, or 24 word BIP-39 mnemonic phrase, you will be able to import it directly into Trezor and start using it.
This would not be “sweeping” – an operation where you “take out” all funds out of a paper wallet and move them to a different address.
Instead, it is “importing” – an equivalent of restoring your Trezor from backup, except here the “backup” was created by a different wallet.
Whether or not you’ll be able to access your funds depends on which address you received them on. If you picked the first address from iancoleman website, BIP44 (or 49 or 84) tab, these funds should automatically show up in Trezor Suite.
iancoleman website will most certainly not generate “more than 100” bip39 mnemonic words, so I’m not sure what you are doing here.
for importing into Trezor, you will need the BIP39 mnemonic of 12, 18, or 24 words.
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In the early days of bitcoin you could store you btc on a paperwallet.
It was easy to swap your coins into a wallet like Amory. All things of past… but some friends i gave a few sats back then want to put them onto a hardware cold Trezor.
How to swap nowadays? Anybody ??
Thx