Migrate Assets Between Wallets
Cryptocurrency users may need to migrate their assets between wallets for security reasons or convenience. In the case of a compromised Secret Key, creating a new wallet and transferring existing funds is a recommended practice. To do this with Leather Bitcoin wallets, follow the step-by-step guide provided to ensure a smooth and secure migration process.
Mar 21, 2024
Users do not have the option of changing the existing Secret Key that gives them access to their Leather wallet and its associated accounts. However, there could be a time when you believe that your Secret Key has been compromised.
In that case, it is best to create another wallet and migrate your existing funds.
How to Migrate Assets Between Leather Bitcoin Wallets
- Download the Leather extension on a compatible browser that you are not currently using (eg. download Leather on Brave if you had previously been using the extension on Chrome)
- Create a new wallet and back up your new Secret Key
- In your new wallet, click the “Receive” option and copy the addresses you need to transfer all your assets and collectibles
- Return to your old wallet and click the “Send” option
- If you’re migrating tokens, make sure that you’re sending appropriate tokens to the corresponding addressSTX and SIP10 tokens should be sent to your new wallet’s Stacks addressBRC-20 tokens should be sent to your new wallet’s Ordinals addressBTC should be sent to your new wallet’s Bitcoin address
- If you’re migrating collectibles, make sure that you’re sending appropriate collectibles to the corresponding addressOrdinals should be sent to your new wallet’s Taproot address (listed as “Ordinal inscription”)Stacks NFTs should be sent to your new wallet’s Stacks address (the Stacks address is duplicated under the “Stacks” and “Stacks NFT” categories)
- Sign out or reset your old wallet once you have finished migrating all of your assets to the new wallet. You will be able to access your new wallet on any browser that has the Leather extension installed. However, you will need your Secret Key to log into the new wallet when you open it on a different browser.
Disclaimer
Leather provides guidance on migrating assets between wallets but does not have control over individual user actions or decisions. Users are responsible for ensuring the security and accuracy of their asset transfers.