Search Knowledge Base ...

Need Support?

Can't find the answer you're looking for? Don't worry our awesome community is here to help!

How to import a paper wallet

⚠️ If someone holds one of your paper wallet/private key, you can still lose your funds on the software wallet! ⚠️

The safest method is to SWEEP your private key, basically it's sending a transaction to yourself. After the SWEEP, the paper wallet is completely depleted of funds and the private key belongs to a new private key in the software wallet. You do this by:

  1. First, open the CloakCoin Client
  2. Make sure, your wallet is fully synced
  3. On the menu navigate to Help/Debug windows/Console
  4. If you have an encrypted wallet (recommended), you need to unlock it temporarily by:
    walletpassphrase yourpassphrase 120

  5. Type:
    importprivkey yourpaperwalletprivatekey

    Example: importprivkey 5KJvsngHeMpm884wtkJNzQGaCErckhHJBGFsvd3VyK5qMZXj3hS

  6. Wait a few seconds or minutes until the command prompt returns, then it's done.
  7. It's advisable to send the full amount of the paper walllet.