Update Notice Regarding Android (CoPay) Wallet
Community! Please be advised the Android (CoPay) wallet may be unavailable for at least 24 hours after the Sapling + VaultZ upgrade are activated at block 328,500 on or about April 6 / 7th 2019.
The CoPay wallet and system requires an abundance of changes and testing. A lot of the changes have been implemented, but once Sapling + VaultZ activates, additional changes will need to be implemented.
What do you need to do?
Nothing, because you have your seed phrase / keys / wallet export already, right? If you do not have your seed phrase / keys / wallet export then please do that before the upgrade activation occurs.
Can I lose my coins?
Please remember, cryptocurrency is based off a technique created and continuously improved by super-brain people. The technique is called blockchain and cryptography.
So that means, if you have the backups youāre supposed to have ie. your seed phrases / keys / wallet exports, youāll have the cryptographic keys to access your coins on the blockchain. In other words, your coins actually live on the blockchain and not inside wallets. Wallets are a gateway to the blockchain allowing you to easily communicate with the blockchain. All you need are the keys. If you have your keys, no, you should not lose your coins.
To backup your current wallet if you have not, you can follow these steps:
Backup Method 1
- In your CoPay wallet, goto Settings (gear icon)
- Choose the wallet you need to backup (example - Personal Wallet)
- Next choose āBackupā
- Read the on-screen instructions, if you are not being watched, choose āGot itā
- If you understand, choose, āI Understandā
- Write down the phrase on screen
- You have your backup now!
Backup Method 2
- In your CoPay wallet, goto Settings (gear icon)
- Choose the wallet you need to backup (example - Personal Wallet)
- Next, choose āMore Optionsā at very bottom of menu
- Choose āExport Walletā
- Choose File/Text
- Enter a password twice, and REMEMBER THE PASSWORD
NOTE: when importing with the File/Text method you will need the password, if you use the wrong password it will generate completely different keys/addresses.
- Choose āDownloadā and save the file