Sweeping Bitcoin Into an Existing Wallet

This challenge aims to teach how public, and private keys work in a real world setting. By the end of this challenge you should understand how easy it is for an attacker to steal your funds should they gain access to your private key.
Bitcoin Twitter Challenge:

1. Read and understand the article below, you'll need to be quick to win this challenge.

2. Randomly @lnbitcoin will tweet out a private key worth 25k sats (0.00025000 btc / about $5).

Sweeping Bitcoin Into an Existing Wallet Using Electrum

Sweeping bitcoin into an existing Electrum wallet using a private key is a process of moving bitcoin from a paper wallet or other external storage device into your Electrum wallet. This process is also known as importing a private key. Here's a step-by-step tutorial on how to do it:

  1. Open the Electrum wallet and click on the "Wallet" menu, then select "Private keys" and "Sweep"
  2. Carefully enter your private key into the field provided. Make sure to double-check your private key to ensure that it is correct.
  3. Electrum will then display the amount of bitcoin associated with that private key and the address where the funds will be sent.
  4. Confirm the operation by clicking on the "Sweep" button.
  5. Electrum will then prompt you to confirm the transaction by entering your password.
  6. After the transaction is confirmed, the funds associated with the imported private key will be sent to your Electrum wallet.
  7. Once the private key is imported, you will see the balance of the imported address in your Electrum wallet.
  8. To send funds from your imported address, click on the "Send" button and enter the recipient's Bitcoin address, the amount of Bitcoin you want to send, and any additional information. Click "Send" to complete the transaction.
  9. Before sending a large amount of Bitcoin or any sensitive transaction, It's always a good practice to verify the address you are sending to by using a QR code or double-checking the address with the recipient.
  10. Remember that you should always keep your private key and seed phrase in a safe place, as they are the only way to access your wallet if you lose access to it.

Please Note: when you import a private key, all the bitcoins associated with that key will be transferred to the existing address in your Electrum wallet. Also, it's important to always do your own research and due diligence before using any wallet and make sure that your computer is protected from malware and viruses.

Never give out you're own private key or seed (mnemonic) phrase. Keep it safe, preferably offline, or you will suffer loss of funds!