Post
Topic
Board Service Discussion (Altcoins)
Re: Criptoe.Com Physical Coin thread
by
veertje
on 31/12/2014, 00:22:17 UTC
A few questions about private key's. I generated a public walletaddress and a private key on guldencoinpage of https://walletgenerator.net/ as a test.

When I want to use the private key is that acting like a normal walletaddress and acting for sending coins from the public address? It has way more numbers than the normal addresses. And how to import it in the windows client. Maybe silly questions, never worked with private keys  Grin


Each address you generate has a public address and a private key.  The private key is what is used to import the public address into the wallet program.

I would recommend doing this on another computer or using a live linux CD.  You don't want to muck up your main wallet with additional addresses.  Additionally, in terms of security, it's better to do this on a system that can't be comprised.  When you open the wallet, you click on help->console.  In the console you type the following:

importprivkey [the private key] [wallet label]

For instance, this would be an example:

importprivkey 6a7pr11YST2obTrYe7kY2TTURuaQUKBFXwoCbWECBmfmejVDbZT MyCoinWallet

That will add that wallet and allow you to check the funds or spend them.  However, you don't need to load the key into the wallet program to add funds to the wallet.  You can generate an key pair, then send the coins to the public key.  However, I would recommend practicing with generating and adding keys to a wallet first.  One day you'll probably want to be able to pull the coins out or sell them, so you'll want to be able to get to them in the wallet program.  If you ever lose the private key, you can't access the wallet, and those coins will be lost on the chain.

-Fuse

Thanks for explaining this. Learned something new here.