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 people would find this video useful and
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that helps people stay safe in the crypto space enter
cover if they get into trouble if you have any questions about this video or a
topic that you'd like me to cover just leave a reply