SafePal Software wallet is a wallet for managing cryptocurrencies with a user-friendly interface. As Private Key is one of the essential credentials while managing cryptocurrencies, however there may be situations when you need to export the private key from the SafePal Software wallet. It might be for backup or transferring funds, etc. However, if you wish to know the procedure for Export Private Key from SafePal Wallet, read the below written procedure for better information.
Also Read: SafePal Hardware wallet
Key Points of Export Private Key from SafePal Wallet
The key points involved in this procedure are:
- Preparation for exporting Private Key
- Navigating to Export Private Key Page
- Reading Prompt > Click OK.
- Choosing Network
- Entering security password of App
- Completion
A Detailed Breakdown of Procedure Of Export Private Key from SafePal Wallet
A detailed breakdown of the above listed procedure is as follows:
Step 1: Preparation for exporting Private Key
In order to export a Private key, you have the latest version of SafePal App with you, may it be on your phone or computer device.
Step 2: Navigating to Export Private Key Page
Open the app by entering the PIN/Security credentials. Search up the ‘Settings’/’Security’ option. For proceeding forward, you need to click on this. Within this tab, go to the Export Private Key option and click on it. This will initiate the process of exporting the key.
Step 3: Reading Prompt > Click OK.
You may be ask to re-enter your PIN for authentication. A warning message will pop up that you need to click OK after reading it.
Step 4: Choosing Network
You need to choose the network for which you wish to export the credentials of the Private key.
Step 5: Entering security password of App
You will be ask to enter the security password of the App. Enter it and then click on ‘Confirm’.
Step 6: Completion
Voila! The Private key has been successfully export. You are free to copy & use it and there may be a message regarding the backup of the Private key as well. Make sure you keep it secure and do not disclose it.
Safe Storage
You can store the key in a physical storage that isn’t easily accessible like a locker or a safe. For storing it digitally, you can store it in an encrypted form and that too on multiple devices like hard drives of USB devices.
Important Note
One of the most important things that should be kept in mind is that there is always a risk associate with Export Private Key from SafePal Wallet. Any leakage of Private key can make you lose access to all your assets store since they can be easily stolen.
Conclusion
Though the process of Export Private Key from SafePal Wallet is an easy one and not a tedious one, make sure to do it with utmost security since it’s important to safeguard the sensitive information as the assets are store in the wallet. Follow the steps precisely while being careful.
