Loading Bitcoin onto a Polymerbit Wallet : iOS (17) Edition
Getting Started
Note: This guide is intended for Bitcoin (BTC) only.
Mining fees apply. Exodus is recommended for iOS. other apps offer similar features, and it is up to the end user to decide which is best to use. Polymerbit doesn't manage these third-party apps, so current or future functionality cannot be guaranteed.
If your wallet lacks a direct scan feature, you can scan the QR code using your phone's camera, then copy and paste the address (usually starting with 'bc1').
Known working alternatives for loading (07.2024):
Android alternatives: Blockchain Wallet, Bitpay, Ballet, Coinbase, Exodus
iOS alternatives: Blockchain Wallet, Bitpay, Ballet, Coinbase, Exodus
Locate the Public Key
Find the public key on your Polymerbit note. You'll need the QR code for the following steps.
Open the Exodus App
This app can be found on the App Store. Launch the Exodus app on your device.
Navigate to the Bitcoin Balance Tab
Go to the balance tab. Here, you should see your current Bitcoin balance.
Tap the "Send" arrow
Tap the arrow to access sending funds.
Enter desired transfer amount
Enter the amount as stated on the Poymerbit. In most cases, this is 0.001 BTC. Then tap "Enter".
Scan the Public Key
Scan the QR code of the Polymerbit public key, this will allow you to send the funds.
FAQs
What is a public key?
A public key, as the name infers, is a key can be shared openly. This key acts like an IBAN or SWIFT code to your wallet. You can also see the balance on the note.
Where are these keys on a Polymerbit?
Typically both keys will be found on either the obverse or the reverse of the bill. The keys are in QR format, with the private key hidden under a scratch off and embedded in the design.
How much should I store on a Polymerbit?
While the amount can be up to the end user, it is recommended to load the amount listed on the denomination. In the event of a non denominated wallet, we recommend amounts between 0.0001 and 0.02 due the miners fee and the risk associated with physical storage,
What is a private Key?
The private key, on the other hand, is extremely sensitive as it acts as a key to unlock all the funds in the wallet. Take extra precautions with this key as there is no way to recover funds if it is exposed or lost.
Why is a Polymerbit called a paper wallet / cold storage document?
'Cold storage' is a term for keeping funds offline. Technically, the funds have never left the blockchain but since the only copy of the keys are stored on the document, the physical QRS become the only way to access the funds.
What is a miners fee?
The miners fee is a payment made for each transaction in the blockchain. In a Polymerbit, two fees will be observed. One to load and one to redeem (sweep). Handing the note physically carries no fee since the funds have not moved according to the blockchain.