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Obtaining a private key for a view-only Ethereum address
As a Mycelius user, you’ve probably experienced a situation where your Bitcoin wallet automatically generated a “View Only” (W0) address and sent funds to the recipient’s Bitcoin address. Although this is convenient, it can be annoying when you need to access funds or want to transfer them to another Ethereum wallet.
In this article, we will walk you through the process of obtaining a private key for your Ethereum view-only Ethereum address.
Comprehension of addresses for viewing only
A “View Only” (W0) address is a type of Bitcoin address that can only accept payments from the Bitcoin network. It is essentially a digital deposit account for Bitcoin transactions. When you create a W0 address, Mycelius generates a private key and a public key associated with it.
Extracting the private key
To access your funds or transfer them to another Ethereum wallet, you will need to obtain the private key associated with your Watch Only Ethereum address. Here’s how to do it:
- Check your wallet: Open your Ethereum wallet client (Mycelius) on your computer and check if there are any W0 addresses listed under “Sent Bitcoins”.
- Find your W0 address: Look for the list of transactions or a tab called “Bitcoins Sent” with a column labeled “Recipient”. This will display the Bitcoin address to which the funds were received.
- Copy Private Key: Once you have determined your W0 address, copy the private key associated with it. You can find it in the following format:
[private key]
For example: 0x1234567890abcdef...
Important Notes
- The private key is not directly linked to your Bitcoin wallet. This is a unique Ethereum private key that you should keep safe.
- Obtaining a private key does not give you access to any funds or control over your Bitcoin wallet.
Transfer funds to another wallet
Once you have the private key for your Watch Only Ethereum address, you can transfer funds to another Ethereum wallet using the transfer function. Here’s an example of how you can use the Web3 library in JavaScript to send funds from one Ethereum account to another:
const web3 = require('web3');
const myMycelius = new web3.ethereum.MyEthereum();
const receivedAddress = '0xYourRecipientAddress';
const senderPrivateKey = '0xYourSenderPrivateKey';
myMycelius.sendTransaction({
from: '0xYourSenderAddress',
to: receiveAddress,
value: '1 ether', // Replace with the amount you want to send
privateKeys: {
sender: myMycelius.getPrivateKey(),
receiver: web3.eth.abi.decodeABI(
new web3.eth.abi.Token('ERC-20', '0xYourTokenAddress'),
'0xYourRecipientAddress'
),
},
})
This is just a basic example, and you’ll need to refer to your wallet’s documentation for more detailed instructions on extracting private keys.
Conclusion
Extracting the private key for your Ethereum Watch Only address is an important step in managing your funds. By following these steps, you will be able to access your Bitcoin funds and securely transfer them to a second Ethereum wallet. Don’t forget to keep your private key in a safe place.