You can read my previous post about AMP (Synereo) here : Synereo AMP

AMP Fundraising has begun , you can buy it through exchanges or directly from developers . You must know how to safe your Address , because developers recommended for send your btc which you can export and control your private key. Here is my tips :







As most of you likely know, exchanges are great to trade on, but they are not good for long term storage of tokens and coins. You should always keep everything off exchanges and web wallets if possible. Synereo AMP tokens are based on OMNI and can be stored on a normal bitcoin address using the OMNI wallet to later move them. This guide will explain step by step how to safely store them, and move them. Make sure to follow it carefully, and only use a small amount first for testing. If you use a large amount and something goes wrong, you will lose them forever, so remember, only test with a small amount first, like a couple tokens.





1. Download or have the correct Bitcoin Wallet Available to test with.

A variety of normal Bitcoin wallets can work, however, the Electrum 2fa wallet will not work as it uses 3 key pairs as the Omniwallet uses 2 key pairs, so make sure you have a normal 2 key pair Bitcoin wallet. I suggest the Electrum Wallet or Bitcoin Core if you want to support the Bitcoin network and do not have a problem leaving it running all the time so it can stay synced.









So make sure and either have the proper wallet available, or download one that is compatible. Again, most normal Bitcoin wallets should work, in this tutorial I will use the Electrum 2 key pair Bitcoin wallet. If you are setting your Bitcoin wallet up for the first time, simply follow the instructions carefully as you set it up. You will need to write down the SEED and PASSWORD, by hand, on paper, and then store that in a very safe place, if you lose it, you will lose your AMPs! There is a great deal of freedom in being your own bank, but also a great deal of responsibility. It goes without saying, make the password long and complicated, not short and simple.







2. Label your AMP address and print out or save for future reference





Once your wallet is ready to go, then edit a receiving address with a description that makes sense to you. This is for your own reference so you can call it whatever you want. It also might be a good idea to print out this address or keep a backup of it somewhere safe. You cannot directly see the AMPs from your Bitcoin wallet, so make sure to add the tag and print it out. I suggest keeping that by your handwritten password and wallet SEED, in a fireproof safe, or as safe as a place as possible once you are done testing and moving tokens.







3. Send small amount of Bitcoin and AMP to AMP STORAGE ADDRESS







Now that you have the address labeled, printed out, and there is no chance of you forgetting what it is, transfer a small amount of AMP to the Bitcoin address to test the process. A couple AMP should do it, and a small amount of Bitcoin to the same address. In the example here, AMP STORAGE ADDRESS.I tested with around .01 BTC and 5 amp.









Once the Bitcoin has arrived in your wallet, you can be sure the AMP is also there, but you will need to go to Omniwallet.org and check the address to be sure. It will not be visible just looking at your Bitcoin wallet.





After you have verified the AMPs are associated with your AMP STORAGE ADDRESS sign up on Omniwallet, but I do not suggest storing your AMP on it, only to use for testing now, so you know you can easily move your AMP later when you need to.







4. Create Omniwallet account





Again, make a strong password for your new Omniwallet account and print out the email from Omniwallet, and store those along with the rest of your paper documents in a secure place after you are done testing and moving your tokens.







5. Copy private key from AMP STORAGE ADDRESSÃÂ from Bitcoin wallet.





Using that same AMP STORAGE ADDRESS right click and select the private key from it, copy it to your clipboard or manually enter it into your omniwallet, do not paste it into notepad or anything like that, although this is just for testing, so again, no real risk yet. You do not need to print this out, and you should not.











6. Import Bitcoin private key into Omniwallet creating new address.





Select import address with private Key, then paste in the private key you copied earlier from AMP STORAGE ADDRESS- and then Omniwallet will create a new address, that is the one you will use to move the Amps associated with your Bitcoin wallet.







7. Compete the initial testing process so you know it works.





Copy the new address from your Omniwallet, and then send a little bit of the BTC from your Electrum wallet to this address. Then wait. Eventually you be able to send your AMPs after the Bitcoin has moved, so send your AMPs back to an exchange to test. Once they arrive, you know that you have everything set correctly and can move a larger amount in. However, there is no reason to use this same testing address that has already shared a private key.



8. Create new Bitcoin address without sharing key and move AMPs in.



I suggest making a new Bitcoin receiving address, altering the description as desired, storing that address with the rest of your paperwork, and then move your AMP into that new address. You can then check to see if it is there using the Omniwallet explorer like you learned how to use earlier. No reason to share that private key until you want to move your AMP later back to an exchange. That is about it, you now have the methodology to store your AMP offline in your Bitcoin wallet, safe from the risks of any centralized exchange!







Thanks for reading my tips . Hope this article helpful for you . Bye :)

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