Let's start right from the beginning. Completion of the procedure usually takes no more than ten to fifteen minutes.

1. Download the necessary applications

Firstly, we should prepare the QR code reader appin order to scan and import your private keys. Please click the link down below, accept the Terms and Conditions and download the App.

CodeTwo QR Code Reader App

Open the downloaded installer and finish the installation. The app will open automatically.

Secondly, please click the link down below, download and install the Electrum Bitcoin wallet App. It will help you transfer your digital assets. The link leads to the official site and is malware-safe.

Electrum Bitcoin Wallet App

2. Read the private key QR-code with the corresponding application

Now you are ready to import your private keys from the paper wallet. Please turn off your internet connection for security reasons!

After downloading and opening the Electrum wallet app, press “Next” and then press “Import Bitcoin addresses or private keys”.

Now we will restore the private key from the paper wallet through scanning it with the QR-code scanning App.

Proceed to the CodeTwo app and press the Scan button. Press “Read QR Code From webcam” and bring the code closely to the camera.

It can take several attempts to read the code properly, so, take your time.

3. Paste the private key into the Bitcoin Wallet App, thereby importing the wallet from the paper sheet

After successful code scan please copy the private key to the clipboard by clicking the button on the right and paste it into the Electrum wallet field.

Now, when your private keys are imported, please choose a strong password to encrypt your wallet. This password will be used for sending funds.

You can now turn your internet connection back on. Please press Next once again.

4. Copy our address from the instructions below and send the cryptocurrency back

You are now finally ready to set up and execute transactions. Please press Send tab (Point 1 on the screenshot below).

Right below you can see the Newcent Digital Asset Brokers address. Like e-mail addresses, you can send bitcoins to a person by sending bitcoins to one of their addresses. We use the address below only for receiving the prefunded assets back. Please send the funds from your imported wallet to this address.

1xvb5jDj5wYf3y3riFBz5e7nG3ScF51ss

Copy it to the clipboard and paste into the "Pay to" form in the Electrum App (2)

Select the entire balance by pressing Max (3).

Press Send and confirm the transaction using your previously-set password (4).

That's it! Congratulations, you have successfully sent the funds back to us.

Next Steps

After learning how to execute bitcoin transactions, we would like to introduce you to the procedure for interacting with our brokerage for the purchase and selling of cryptocurrency. You can learn all the details by clicking the link down below.