You can also import an existing wallet to Family via Private Key. Private Keys and Secret Recovery Phrases serve different (albeit related) functions in the realm of Ethereum wallets. A Private Key is a unique identifier that's associated with a single wallet address. It acts as a digital signature, facilitating transactions and proving ownership of the assets held in that specific wallet. On the other hand, a Secret Recovery Phrase is essentially a backup tool that can restore access to an unlimited number of wallet addresses tied to it, what's often referred to in Family as a Wallet Group.
How to import an existing wallet via Private Key
Once you’ve located your previous wallet’s Private Key and copied it to your phone’s clipboard, you’re ready to import. Here’s how.
- Select Add an Existing Wallet.
- Tap Import.
- Select Private Key.
- Select Paste from Clipboard if you’ve copied the Private Key phrase to your phone’s clipboard. You can also enter it manually.
- Tap Import.
- Choose a nickname for your wallet. This name is only visible to you.
- Choose a color for this wallet. You can always edit the color later.
- Choose an avatar for your wallet. You can chose an image from your device, take a photo, use an emoji, or use an icon. After you set a display image, tap Continue.
- Read and agree to the terms on the screen before you continue.
- After you’ve read and agreed to the terms, your wallet is ready.