Sweeping Individual Keys into Coinomi (From a Paper Wallet, Trezor, Ledger or Keepkey)

so this is just going to be a really
quick and simple video that shows you how to import a single private key into
the coinomi wallet on your mobile and if you haven’t really done so just hit
subscribe and that’ll help you to stay in the loop about content I make that
helps you to find your way in the hostile and crazy environment that is
cryptocurrency so the number of reasons why we might do this maybe you bought
some crypto at a Bitcoin ATM or something like that and it basically
just spat you out a paper receipt with a private key on it maybe someone gave you
some crypto on a paper wallet as a gift or maybe you want to access some funds
on a BIP39 paper wallet or even a hardware wallet for some reason
though it’s important to understand there are also reasons why you might not
want to do this in that when you sweep private keys and the way I’m going to
show you with Coinomi you actually pay a small amount of fees for each
transaction for each private key you sweep so if you’ve been using a wallet
for some time and have a whole bunch of different addresses with funds on them
you might actually be better off importing the entire seed into something
like electrum bearing in mind that when you import your entire seed like that
you are losing a lot of the additional security that a hardware wallet or a
paper wallet gives you but there are some situations in which you’re going to
want to do this so the first step obviously is to get the coin a me wallet
it’s open source and it’s available on Android and on iOS and it’s free it’s a
great multi currency wallet good place to start if a mobile wallet is what
you’re looking for so download that set it up and make sure you add an account
for the coin type the order sweep into coin aomi
the next step is to load up your seed in a tool like ian coleman’s BIP39 tool but
making sure that when you do so you’re not just using your internet-connected
desktop environment but you are using an air gap that is not connected to the
internet computer and i will recommend an amnesic environment so that’s
something like tails Linux that basically wipes everything every time
you reboot and I’ve made videos that look at how to set up an environment
like that it’s actually easier than you think and can be done using free tools
and a USB stick so basically once you’re in your air-gapped environment you just
want to open up in Coleman’s tool and punch in your seed and basically if you
have a BIP39 passphrase so again that’s not this pin number you use to access
your hardware wallet that’s not the password for ledger live or anything
like that this is your BIP39 passphrase so if in
doubt leave that blank but for this demo I’m
just gonna use one from some previous videos I’ve made so basically for this
video we just want to sweep some light coins so we just select litecoin in
the coin drop down to there’s light coins so basically we just scroll down
and we get a bunch of addresses now the only thing you will need to know is what
account type you are coming from so if you had say a legacy wallet type you’re
gonna want to select BIP44 if you have no idea this is probably the one you’ve
been looking for if you’ve crypto has been there for a few years
BIP49 is what’s going to be called seg wit for most wallets and BIP84 is going
to be what’s called native segue so we’ll to sweep the bit 44 one for this
demo because the process is the same for all of them so basically to scroll down
you can see all the addresses you want and you can basically just put your
cursor over the address and you’ll actually see a QR code that represents
that but if you move your cursor over onto private key it’ll show you a QR
code that represents the private key and that’s what we’re going to sweep into
Coinomi so basically you open the account type you want in Coinomi
and I basically just click the little dots in the top corner so sweep wallet
and basically you can choose which account is going to go into you
basically click the little button for the QR code and then you can scan it you
just say next and it’ll basically work out what the funds that are in there
it’ll work out the fee and you can just say confirm and that’ll actually just
broadcast the transaction onto the blockchain
and after a little while that will appear in your account one important Gotchya
sure you need to know with this is that when you sweep addresses from a paper
wallet like this or sweep an individual private key from a wallet basically if
you do that just to spend part of the funds using coin oh me what’s left
doesn’t just stay on that old private key but rather will get sent to a change
address in Coinomi so if you do want to you know return a portion of your
unused funds back onto a paper wallet you’ll need to select a fresh public
address on your paper wallet to send those funds back to when you’re done there’s
really nothing else to it so there you go
thanks for watching I hope that was helpful hit like if you think that other
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2 thoughts on “Sweeping Individual Keys into Coinomi (From a Paper Wallet, Trezor, Ledger or Keepkey)”

  1. Excellent tutorial as usual::: I have some confusion in the last part (4.07) when you mention using a fresh private key on coinomi in case you want to spend part of the amount.. thanks

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