This tutorial will go over the steps required to import your Paper Wallet into the NavCoin Core Wallet to stake the funds or send them.
Preparing the Core Wallet
You need a fully set up Core Wallet for this. Make sure your wallet is encrypted, backed up and synced before doing the following steps. If you need assistance with the Core Wallet take a look at this Knowledge Base entries:
Retrieving the private key
Next up you need to find your paper wallet’s private key. On your slip of paper the private key is located on the slimmer section. If your key is unencrypted it will begin with a capital P and you can move on to the next steps.
If your passphrase is encrypted by a BIP38 key you first need to go into the Paper Wallet software and click on “Decrypt” in the top right corner. Enter your BIP38 key and the encrypted key and click on “Decrypt”.
Importing the private key into NavCoin Core
In your Core Wallet go to “File -> Import Private Key” and enter the private key you wish to import.
A window will pop up and it will scan the blockchain for funds and transactions to and from that address. This process can take a few minutes.
Afterwards your wallet.dat will contain the private key to the Paper Wallet address. Make sure to back up your wallet.dat after entering a private key into the wallet:
Wallets you have previously backed up won’t contain the private key you have just imported so ensure you create a new back up.
After you have imported a private key from a Paper Wallet you should no longer use it for cold storing purposes and instead create a new one.