Hey guys. I own a few amp that I bought awhile back through an exchange. Since they have gone up in value, I would like to get them out of the exchange wallet to one that only I control. What is the best way to do this?
Go to
Omnilayer.org and download Omni Core, the desktop wallet.
Is that a bitcoin wallet to replace the simple core wallet I currently run? Can it run simultaneously on my desktop with my core wallet?
And do I just create a btc address and send the amp to it?
Thanks so much
There is no need to run both Bitcoin Core and Omni Core. Omni Core does everything Bitcoin Core does plus it provides access to the Omni Layer. The Omni Layer is the protocol layer over Bitcoin which allows the transfer of third party tokens like AMPs.
To migrate over to Omni Core from Bitcoin Core do the following:
1 - Install Omni Core
2 - Backup your Bitcoin Core wallet.dat file just to be safe. Omnicore reads directly from the directory '.bitcoin', so moving the wallet.dat file and existing blockchain isn't necessary.
3 - Run Omni Core. Omni Core will perform a scan of your existing, downloaded bitcoin blockchain for Omni tokens. This will take a while.
Once this is finished, you can use your existing BTC addresses from your old BTC wallet to receive Omni tokens. Make sure that Omni Core actually used your existing wallet.dat by running the command './omnicore-cli listaddressgroupings' to verify that the address you are sending to is in the wallet Omni Core is using.