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:
- First, open the CloakCoin Client
- Make sure, your wallet is fully synced
- On the menu navigate to Help/Debug windows/Console
- If you have an encrypted wallet (recommended), you need to unlock it temporarily by:
walletpassphrase yourpassphrase 120
- Type:
importprivkey yourpaperwalletprivatekey
Example: importprivkey 5KJvsngHeMpm884wtkJNzQGaCErckhHJBGFsvd3VyK5qMZXj3hS
- Wait a few seconds or minutes until the command prompt returns, then it's done.
- It's advisable to send the full amount of the paper walllet.