12-27-2021, 06:32 AM
Reminder: Coins are not ‘stored’ in wallets. A wallet is more akin to a keychain
<!-- SC_OFF --><div class="md"><p>This means if you import a private key into a new wallet, you are not ‘moving’ the coins from one wallet to another - you are making a copy of that key for that new ‘keychain’ (wallet). The coins will be accessible from both wallets at once.</p> <p>If you don’t want to do this, you can sometimes ‘sweep’ the coins from one wallet into another. This is like having a new key cut and changing the lock.</p> <p>This is quite a fundamental mechanism of crypto wallets, but is quite a common misunderstanding - one I had myself until fairly recently!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Petrolstatus4"> /u/Petrolstatus4 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rouaxg/reminder_coins_are_not_stored_in_wallets_a_wallet/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rouaxg/reminder_coins_are_not_stored_in_wallets_a_wallet/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>This means if you import a private key into a new wallet, you are not ‘moving’ the coins from one wallet to another - you are making a copy of that key for that new ‘keychain’ (wallet). The coins will be accessible from both wallets at once.</p> <p>If you don’t want to do this, you can sometimes ‘sweep’ the coins from one wallet into another. This is like having a new key cut and changing the lock.</p> <p>This is quite a fundamental mechanism of crypto wallets, but is quite a common misunderstanding - one I had myself until fairly recently!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Petrolstatus4"> /u/Petrolstatus4 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rouaxg/reminder_coins_are_not_stored_in_wallets_a_wallet/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rouaxg/reminder_coins_are_not_stored_in_wallets_a_wallet/">[comments]</a></span>Kind Regards R