Generate Bitcoin Wallet From Private Key

In cryptocurrencies, a private key allows a user to gain access to their wallet. The person who holds the private key fully controls the coins in that wallet. For this reason, you should keep it secret. And if you really want to generate the key yourself, it makes sense to generate it in a secure way. Here, I will provide an introduction to private keys and show you how you can generate your. Blockchain private key generator. Generate Blockchain private key. Blockchain Private Key Generator ? Blockchain Private Key Generator ? ?Wallet Address?. Mar 03, 2019  Private keys are based on secret 256-bit long string of letters and numbers which are randomly selected when you create a bitcoin wallet. This address enables you to send the bitcoins to a recipients destination address.

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Before getting started with importing your wallet's private keys, let's clarify three important definitions.

  • Backup: A file containing a wallet's private key information. Backups can be exported from a wallet or imported to a wallet.
  • **Export: **The process of creating a file containing a wallet's private key data. Exported keys can be imported to a new/different wallet to give access to the Bitcoins associated with the exported private key(s).
  • **Import: **The process of gaining control of Bitcoin via an exported backup. Wallets can import private keys via text files or QR code scanning.

Bitcoin is not stored locally on your phone or laptop. They are stored on the blockchain and you use a Bitcoin wallet to access the coins for sending/receiving the cryptocurrency. This means if you lose your phone or buy a new laptop you can access your Bitcoin by importing your key(s) from a previously exported backup. With a backup, you are able to recover your Bitcoin at any time by importing the private keys associated with that wallet from the backup. This is why it is imperative that users take the time to create a backup of their wallet before adding Bitcoin to it. For more on creating a backup, please see our Bitcoin.com wallet guide. If you have not already done so, please go ahead and backup your wallet. This process is covered in detail in the guide on how to use the Bitcoin.com wallet. If you do not backup your wallet and store this information somewhere safe you run the risk of losing all bitcoins on that address in the event that you lose or damage the device on which your wallet is installed. Once you have a backup, you are ready to proceed.

Exporting your Bitcoin.com Wallet

To export your Bitcoin.com wallet private keys by file/text, please follow the steps below:

  1. Open your Bitcoin.com app and select the wallet you wish to export.
  2. Next tap on the settings cog in the top right of your screen.
  3. Select 'More Options'.
  4. Now select 'Export Wallet' from the list.
  5. Select File/Text (the QR code option will be discussed below).
  6. It’s important at this point to choose a strong password. A good passphrase is one that is very difficult for others to guess, but easy for you to remember. Do not select well-known quotes or sayings.

The Bitcoin.com Wallet will not allow you to proceed without a password. This is because exporting your wallet involves exposing your private keys to the system clipboard, or worse, sending your private keys unencrypted by email. Once you have a password set up, it’s safe to press “Copy to clipboard” or “Send by email”. You can also chose to export your wallet without the private keys. To do this just tap on 'Show Advanced Options' and check the 'Do not include private key' option. Please note that you will not be able to spend from the wallet without the private key.

Exporting via QR Code

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The QR code method of exporting your wallet is best suited for quickly exporting a wallet and then immediately importing it onto another device via QR code scan. If you’re switching devices and want to move your Bitcoin wallet to your new device with the Bitcoin.com wallet installed, you would select “QR Code” as your export method. If you have more than 1 sub-wallet in your Bitcoin.com app, you will have to export each of them individually.

  1. To export your wallet by QR code, please follow steps 1 to 4 from above and then select 'QR Code'.
  2. This will display your private key QR code (be careful, anyone who scans this will have access to your wallet).
  3. Now just scan the QR code with your new phone and you will have the same wallet on your new device.

Importing private key text to your Bitcoin.com wallet

This is how to import using the copy-to-clipboard method. If you receive an email on your device with your exported wallet, or choose 'Copy to clipboard', on most devices you can press the screen and wait for a “Paste” button to appear, then paste the backup code in to the field.

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  1. From the Home screen, tap 'Create new wallet' or (if you already have a wallet and want to import a new one) tap the '+' symbol.
  2. Select Import wallet.
  3. Choose the File/Text tab at the top.
  4. Paste the backup into the text field, then enter the password for this wallet.
  5. Press Import Wallet.

If you pasted the backup code correctly and entered the correct password your bitcoin wallet will be imported. A popup window will be shown if your password was incorrect, or the code was improperly pasted. Note, everything within the curly braces { and } including the curly braces should be pasted in order to correctly import the wallet.

Importing a private key using a QR code

The QR code method of exporting your wallet is best suited for quickly exporting a wallet and then immediately importing it onto another device via QR code scan. If you’re switching devices and want to move your Bitcoin wallet to your new device with the Bitcoin.com wallet installed, you would select 'QR Code' as your export method.

  • Source device: the one where wallet currently resides and from which you want to export.
  • Destination device: the new device to which you want to import your wallet.
  • On the source device, navigate to Settings>Choose Wallet-to-Export>More Options>Export Wallet>QR Code Tab. This will display your QR code (be careful, anyone who scans this will have access to your wallet).
  • On the destination device, simply tap the Scan tab to open your camera. Align the QR code within the frame until it syncs.
  • Select 'Import' to complete the process.

Once you verify this worked and your wallet shows up on the destination device, you can delete the old wallet and destroy the old device or wipe it for resale. Remember to take basic security precautions. Always do this in a private, secure room or space. The QR code, if seen, can be photographed or scanned by others in public.

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Importing a private key using the 12-word recovery phrase

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This method of importing a private key involves using your hand-written 12-word 'seed' phrase that you can obtain from the backup process within the Bitcoin.com wallet. For a refresher on how to obtain your backup seed phrase, see our Bitcoin.com wallet guide. To import your wallet using the seed phrase:

  1. From the Home screen, Create new wallet or (if you already have a wallet and want to import a new one) tap the '+' symbol.
  2. Select Import wallet.
  3. Type in the Recovery Phrase (usually a string of 12 words) into the appropriate text field at the top of the page.
  4. Press Import.

Generate Bitcoin Wallet From Private Key Finder

This completes the guide to importing your private key(s) into your Bitcoin.com wallet. If you have any further questions. Visit the Bitcoin.com Forum.