0

Is it a good idea to take my private key from my wallet and save them? Because I read it is not save to make your wallet shows your private keys. (It guess I do not understand that well).

Edit: Are they different than seeds? the words-phrase that wallet gives?

And how can I use the private keys to restore my coins in case for example, my wallet company stopped working?

Improve this question

1 Answer 1

Reset to default
1

Yes indeed you should back up your wallet, printing out a paper copy of your private keys is a good way to do this because paper can only be accessed physically rather than being hacked via the internet. Obviously it's not safe to store them unencrypted on the cloud or something. The security warnings are there just to make sure you don't do anything stupid with them, to make you double check before potentially giving others access to them.

Bitcoin Core for example allows you to import private keys to restore a backup. If you print them out as QR codes, many wallets allow you to sweep them

Improve this answer
2
  • Thank you for good answer, so by sweeping you mean I can use another wallet to restore my coins by using the private keys .. is that right?
    – Gamal Thomas
    Sep 24, 2017 at 5:09
  • Yeah, phones for example can easily scan QR codes to restore the private keys encoded in them
    – meshcollider
    Sep 24, 2017 at 9:19

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge that you have read and understand our privacy policy and code of conduct.

Not the answer you're looking for? Browse other questions tagged or ask your own question.