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Sequence starting with "1" together with the QR code are the Bitcoin address where you can send Bitcoins to. Sequence starting with "5" inside of the wallet is

by stickac 14y ago

Sequence starting with "1" together with the QR code are the Bitcoin address where you can send Bitcoins to. Sequence starting with "5" inside of the wallet is the private key, which you use to redeem the funds sent to the address in the first step.

watt 14y ago
exactly HOW do you redeem the funds sent to address in the first step?
- stickac 14y ago
  For example Electrum client (electrum.org) allows you to import these keys. Or you can use MtGox Redeem code feature. I'm pretty sure other clients and web wallets have also this functionality.