or then more bitcoin on the address of the paper bag?
Initially, when creating a paper bag on coinbase, you are limited to a single transfer of Bitcoin simultaneously from your wallet. However, the question remains if more bitcoin can be transferred to the same address.
To answer this, let’s dive into detail.
Wallet of paper and bitcoin transactions
When creating a paper wallet on Coinbase, it generates a unique pair of public and private sectors. This private key is used to receive Bitcoin transfers from your account. The public key is shared in public, but the private key remains safe on the device where it was created.
Bitcoin transfer from the paper wallet to Coinbase
To transfer Bitcoin from the Coinbase portfolio to the address of the paper bag, you can follow these steps:
- Access your Coinbase account and go to the “Maks” section.
- Select a public key associated with the paper bag address.
- Go to the “Transactions chronology” page and find the agreement you want to transfer Bitcoin.
- Click the “Send” button, select the recipient (which is always the same address as the paper bag) and select the amount of bitcoin you want to send.
Can you transfer more bitcoins?
Unfortunately not. According to the Coinbase service terms, it is possible to obtain only one transaction for a public key simultaneously. This means that even if you are trying to transfer more bitcoins to the paper wallet address after initially receiving coinbase, the process will fail.
Why is this restriction introduced?
Coinbase introduced this limit to prevent unauthorized transactions and to guarantee the safety of the user’s wallet. By limiting the number of transactions per public key, Coinbase can detect and prevent any possible abuse that can occur when different transactions are attempted simultaneously.
Are there any exceptions?
While the above limit applies to all the addresses of the paper portfolio created by Coinbase, some scenarios may have exceptions:
* COINBASE PRO
: For users who use Coinbase Pro, which offers additional features, such as improved commercial and reserve sales, increases the maximum number of transactions per public key.
* third -party services : some third -party services or wallets may have their own rules on transactions limitations. It is always a good idea to check these services to confirm the special requirements.
In summary, by creating a paper wallet in coinbase, it is possible to transfer only a bitcoin simultaneously from your account to the same address. More bitcoins cannot be transferred without manually updating the recipient’s public key and start another agreement.
Conclusion
While the limits of the coinbase paper portfolio may seem restrictive, it plays an important role in maintaining safety and preventing unauthorized transactions. By understanding these rules and using third -party services or wallets that offer more flexible transfer restrictions, you can still manage Bitcoin resources effectively and effectively.