importing priv keys into Breadwallet

calkob

hero member

Activity: 1092

Merit: 520

Thanks for that Wink

great link 1000000

unamis76

legendary

Activity: 1512

Merit: 1009

If the private key has been online, consider it compromised, period. It's the best security practice.

1000000

full member

Activity: 151

Merit: 100

breadwallet has a function called 'import private key', but in reality it just sweeps the funds to a newly generated address instead of importing it. So yes, it's possible to use the address again, but keep in mind that it's always better to use a new address for every payment, see here why.

achow101

staff

Activity: 3374

Merit: 6530

Just writing some code

Quote from: calkob on November 21, 2015, 06:00:16 PM

Hi all

i just imported a paper wallet private key into bread wallet app for IOS. should i now consider that address compromised and not use it again? does anyone know if breadwallet stores that private key now?

Breadwallet should store that private key. You should move all of the Bitcoin stored in that address to another address. Although the address is probably safe, it is good practice to not reuse addresses. Each address should really only have 2 transactions ever, one going in, and one going out.

calkob

hero member

Activity: 1092

Merit: 520

Hi all

i just imported a paper wallet private key into bread wallet app for IOS. should i now consider that address compromised and not use it again? does anyone know if breadwallet stores that private key now?

Topic: importing priv keys into Breadwallet (Read 4535 times)