18 Dec I cashed out a 1BTC Paper Wallet today. Here is what happened.
I swept the Paper wallet to Mycelium wallet app on my Android phone. The suggested miner fee was like $4.56 usd for a 10-30 minute confirmation. I confirmed in 10 minutes. I then swept Alt coins into a Coinomi phone wallet (same phone). Then I transfered the BTC fro my Myclium phone wallet to Coinbase paying another basic miner fee of $4.56. Then cashed out 1.4 BTC on Coinbase for $22,420 per coin around noon 12/17. I already had .4 BTC on Coinbase from Dollar Cost Averaging. Paid $468.00 fee for selling to cash using Coinbase. And deposited $30,920 into my checking account.
Just thought people might be interested in this glimpse into what is fairly typical of people with paper wallets from long ago. Or at least my experience…