In this tutorial we’ll show you how to transfer bitcoins from your paper wallet to mtgox.com in order to trade with them.
Let’s start by logging in to our mtgox account.
Then we’ll go to funding options and choose to redeem a private key from the funding methdo drop-down menu. We can give the transaction a description if we want.
Next we need to write the private key code from our paper wallet to the form field. Be careful, since it’s easy to make mistakes. If we click the redeem key button, you can see that we made a typo somewhere in the code because mtgox tells us it didnt find anything in the key we provided. After we fix the typo mtgox gives us a message telling us the amount of bitcoin it will transfer to our account. Now we need to wait patiently perhaps even a couple of hours and then mtgox will update our balance with the transferred bitcoins.
Thanks for watching and see you next time on oneminutevideotutorials.com.