[How To]: Buy/Move/Store MAID :safe: hardware and software wallets

Up to date as of 14.06.2020

Hello friends,

This guide provides information on how to buy and move your MAID from an exchange.

Of course, you can buy and hold the MAID on the exchange, but then they are not yours! The normal thing, the responsible thing is that you move them to your wallet.

Why?

We (and the entire crypto world) have a very bad history with the exchanges:

  • MasterXchange - closed, how much MAID remained there? Unknown (do you remember that we paid them 150 MAID withdraw fee?)
  • Cryptopia - hacked, how much MAID was stolen there? Unknown (I lost “only” a few thousand…)
  • Bitker - stole MAID from the MaidSafe company, how much? Unknown
  • Poloniex - delist MAID, how much MAID remained there? Over 10 000 000 MAID! (and let’s not forget before that they changed the fees from 10 MAID to 80 MAID!)
  • Chainrift - closed, how much MAID remained there? Unknown

With this brief introduction, here’s the guide:

Initial requirements

You must have Bitcoin and an account in exchange. There are plenty of places to get Bitcoin and we won’t look at them here, but if you need some advice write to me or just call: dimitar@safenetwork.bg / WhatsApp https://wa.me/35924111111

There are currently several exchanges on which to buy MAID, but I recommend:

HowTo: Buy and Move MAID from Bittrex

  • After logging in to your account go to Holdings:
    Screenshot_2020-02-13_17-24-01
  • Type in the search box: BTC. Check that you have selected the correct BTC, in the field CURRENCY should be: Bitcoin. Click Deposit:
  • Copy the deposit address and send Bitcoin to it to buy MAID
  • Once the Bitcoin arrives on the exchange go to Markets
    Screenshot_2020-02-13_17-25-35
  • Scroll down to BITCOIN MARKETS. Type in the search box: MAID. Check that you have selected the correct MAID, in the field CURRENCY should be: MaidSafeCoin. Click on BTC-MAID:
  • In the Buy menu enter the Bid price you want to buy in BTC (the price is currently 0.00001029 BTC for 1 MAID) and in Quantity enter the MAID amount you want to buy. Press Buy MAID:
    Screenshot_2020-02-13_17-26-16
  • Return once more to Holdings. Type in the search box: MAID. Check that you have selected the correct MAID, in the field CURRENCY should be: MaidSafeCoin. Click Withdrow: :
  • Enter your wallet address in Recipient’s wallet address. (If you don’t have your own address, see below how to create one: HowTo: Use a hardware or software wallet). In Withdrawal amount enter the amount you want to withdraw:

HowTo: Use a hardware or software wallet

You can send your coins to a hardware or software wallet.

Before we go on let’s explain what we do here. Your MAID is in an address on the Bitcoin blockchain. The exchange actually has only the private key to this address. So what we are doing here is to explain how you can move your coins to a new address for which only you have the private key. Whoever has the private key can move the coins on the blockchain.

1. How to send MAID to a hardware wallet

The only hardware wallet that allows you to work directly with MAID to date is Trezor.

Important! if you have a Ledger you can also send MAID to it but you will then need to move the private keys outside to be able to send MAID from the Ledger to an external address.

If you have a Trezor, simply copy the bitcoin address from “Receive Bitcoin (BTC)” tab and send the MAID from an exchange to that address. Bitcoin and MAID use the same address!

Important! do NOT use the “Legacy account” (address starts with “1” - in other words the non segwit addresses) in http://wallet.trezor.io to later be able to send MAID using https://omnitrezor.com

If you do not have a Trezor you can buy from this affiliate link and you will help with the marketing of the SAFE network*: https://shop.trezor.io/?offer_id=10&aff_id=3930

*All affiliate revenue will go directly to promote the network.

To protect the connection port of your Trezor from dust and distortion: use micro usb Magnet USB Adapter Plugs - https://www.aliexpress.com/item/32887645165.html

1.1 How can you later send MAID from that address?

  • Click “Allow once for this session”

  • Select the Bitcoin account in which is your MAID

  • click “Select Address”

  • To send MAID enter the number you want to send and a Receiving Address. Click Submit

Screenshot_2020-01-10_04-00-20

  • Sign and Send !!!Very important - check on the Trezor screen that what you have entered on your computer is what was sent to the Trezor. You may have a virus that changes addresses!!!

Screenshot_2020-01-10_04-00-38

  • If you see this error, then you do not have enough bitcoin to send the transaction. The solution is to send enough Bitcoin to the address (for a transaction, a minimum of 12000 satoshis as of 01/10/2020)

1.2 How to send MAID to a hardware wallet for second, third and n-th time

The hardware wallet is set to show you a new fresh address each time you click on “Receive Bitcoin (BTC)” tab, but if you click on “Show previous addresses” you will see that all your old addresses you used are there:

If you want to send money a second time to the Trezor wallet you can:

  • use the same address as the previous time
  • use a new address

The advantage of using the same address is that it will be easier to keep track of all your MAID. You can use for this https://omniexplorer.info/ and just bookmark your address page, to visit it every time you want to make sure your MAID is in a safe place :dragon:

For example see : https://omniexplorer.info/address/1DUb2YYbQA1jjaNYzVXLZ7ZioEhLXtbUru

2. How to send MAID to a software wallet

There are two options. Hot Wallet and Cold Wallet. A hot wallet is a less secure option, a cold wallet is a more secure option.

2.1 Hot Wallet
This option is the most insecure, I recommend that you make a cold wallet.

  • Open https://www.omniwallet.org/
  • Click Create Wallet
    1
  • Don’t Forget Your Password! Write it offline in a safe place!
    WARNING: Forgotten passwords are UNRECOVERABLE and can result in LOSS of ALL of your coins!

Before we continue, let’s protect your account as much as possible.

  • Go to My Account
  • Click on Setup/Enable a MultiFactor Authentication (MFA) Device

  • To set up your account to requin MFA device scan the QR code from the site or manually enter the secret from the site into your MFA Device/Software (Google Authenticator, Authy, etc…)

  • Don’t Forget Your Wallet ID! Write it offline in a safe place!
    WARNING: Losing your Wallet ID is UNRECOVERABLE and can result in LOSS of ALL of your coins!

  • When you are ready, go to My Wallet
  • Click My Addresses

  • Copy the Address
  • Log In to а exchange to send the money to your Address
  • For Bittrex Go to Balances / Deposits & Withdrawals / Select MAID / Click Withdraw / Paste the address you copy from Omniwallet in the address field ( Check it out! You may have a virus that changes address when copying/pasting!!! So check it carefully by going back to Omniwallet and make sure that the address is the same ).

2.2 Cold Wallet
Here is the real magic. After the hardware wallet, this is the second safest option.

You’ll need 2 USB memory sticks. On the first one, you will save Linux Mint. On the second one, you will save the software for creating a bitcoin address.

  • Save it on the second USB stick
  • Shut down your computer. Unplug the internet cable from your LAN card or disable WiFi.
  • Insert the first USB stick (the one with Linux on it) on your computer. Start your computer and boot it from the USB drive.
  • You want to use only the live Linux version without installing it! So wait for it to start automatically or press Start Linux Mint.
  • Insert the second USB stick. Extract the bitaddress.org-master.zip
    Screenshot_2019-12-24_05-40-44
  • Select bitaddress.org.html, click right button -> Open With -> Other Application -> FireFox

  • Move your mouse until a bitcoin address is generated.

  • If you have a printer now is the time to turn it on and print the generated address. If not you will need to write down on a piece of paper the Private Key ( Do not save it on the memory stick! Any device that can be placed on a computer with access to the Internet is vulnerable! )
  • Be sure not to print on a printer that keeps a history of what was printed (eg most office printers do keep history so do not print on those printers)
    3
  • Make at least 3 copies of the Private Key to keep in different places. For added security, cut the copies in half and store each piece at a different location.
  • Now is the time to record your public Bitcoin Address. It can be stored on a flash drive for ease. It’s public, so no problem.
    4
  • Create New Document -> Empty Document -> Display -> Copy/Paste the public Bitcoin Address and safe the file on the second flash drive.

  • Restart your computer and remove the first flash drive.
  • Log in to your operating system and log In to а exchange to send the money to the Address you save on the second flash drive.
  • For Bittrex Go to Balances / Deposits & Withdrawals / Select MAID / Click Withdraw / Past the address you copy from the second flash drive in the address field ( Check it out! You may have a virus that changes address when copying/pasting!!! So check it carefully by going back to the second flash drive and make sure that the address is the same ).

Bonus tips:

  • send a small amount of BTC to the new address for when you wish to move the coins back to an exchange / transform to SafeCoin address.
  • check if your downloads from bitaddress and Mint are genuine:
  1. Open https://github.com/pointbiz/bitaddress.org/blob/master/CHANGELOG.txt and look at the SHA256 sum:

  1. Open PowerShell in the folder where you downloaded and extracted the file bitaddress.org-master.zip (HOLD shift button and right click with the mouse to see the powershell option)

  1. Enter the command Get-FileHash and the path to the file bitaddress.org.html (you can select and drag it to the PowerShell console)

  1. Compare the SHA256 sum from 1. with what you see in the PowerShell console. They must be the same!

Final tip:

  • If you want to be uber magical you can use the power of cryptography and encrypt the private key of your bitcoin address:
  1. Open https://openlibrary.org/ and select a random book
  2. Go to a random page.
  3. Look for the first character of your Bitcoin key on the page (for example, if your key is L45bAP85f*****, look for the letter L.)
  4. Record the page number, line number, and character number. (for example, page 157, line 11, character number 1 = [157_11_1_u] (u=uppercase)):

  1. For each character from the private key do the same
  2. The end result is [157_11_1_u]+[n]+[n]+…
  3. You can also store this result online, just remember which book and which edition of the book you used to encrypt it :wink:

If you have questions it is better to ask than to lose your money :dragon:

If you have questions it is better to ask than to lose your money :dragon: write to me at:

14 Likes

Hi @Dimitar in Omniwallet they must also copy/paste their “walletID” without this they won’t be able to access their funds anymore. with your email address alone you won’t be able to access your wallet.

Tldr :sweat_smile: before eddy became totally lazy he made this…

P.s. If you download your privatekey don’t leave it on your computer…

11 Likes

Thanks to NOT_lazy Eddy from the past :wink: I added it to the guide! :dragon:

4 Likes

You might want to update your synopsis with respect to Chainrift now that they have announced they are shutting down.

7 Likes

I fixed it, I’m very sad I had to add them to my “very bad history” list so soon, but I’m not surprised. The question is not whether this list will grow, the question is when it will grow…

2 Likes

Just a reminder for anyone thinking of buying a hardware wallet. NEVER buy from Amazon, Ebay or other third-parties. Always buy directly from Trezor (if that’s what you’re buying). Amazon mixes inventory from legitimate sellers and scammers in their warehouses. If you go to Amazon and buy from what seems to be Trezor’s official page there, what Amazon ships could be a compromised device from a third-party seller. Same goes for other things like Network equiptment. There have for example been cases where someone has bought switches, seemingly from the manufacturer on Amazon, but have gotten devices compromised with malware that injects ads on all websites.

10 Likes

I should be able to get contact details for these guys

Important to remember that MasterExchange (AFAICT) is the ONLY exchange never to have been implicated in anything “dodgy”. All Txs were scanned by a human.
The exchange only closed because the principals were offered obscene amounts of money to go work on a private blockchain for a bank (in Paris IIRC) Part of the deal was they concentrated 100% on the new work and so, reluctantly, the exchange had to cease operations

1 Like

Thank you for a clear explanation - certainly helps when feeling stressed having to make a cold wallet for the first time :slightly_frowning_face: - I did the transaction from chainrift - according to omniexplorer.info I have 3 confirmations for my total amount of maidsafe. My question is this total stored as maidsafe in my cold wallet or is it in Bitcoin? I know it’s a dumb question but it will help me sleep!

1 Like

Hello and welcome @simonboxer!

Your MAID is in an address on the Bitcoin blockchain.

Both use the same address. Imagin that your Bitcoin address is a dolar banknote and on that banknote is written how much MAID you have. Hope this helps :dragon:

2 Likes

Perfect thank you! The good news is that chainrift are honouring withdrawals so far

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Yes, the Chainrift folks appear to have been a group of very talented, ethical, and professional individuals. Chainrift closing down is a tragedy for the crypto scene.

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Maidsafecoin doesn’t appear to be listed on Bittrex’s exchange. Does anyone know any other exchanges that a US citizen could buy MAID?

MAID is listed on https://global.bittrex.com/ and https://hitbtc.com/

If you wait another 10 days you will be able to buy from the OMNI Dex: https://www.omniwallet.org/dex/overview

2 Likes

For US residents looking to purchase MAID, I think the only options right now are Changelly and simpleswap.io. Someone recently mentioned simpleswap.io to me, but I have no personal experience with that platform.

Alternatively, you could wait for OMNI DEX; however, most DEX tend to have liquidity problems. All things being equal, Changelly’s MAID:BTC exchange rate isn’t too bad at the moment and given the limited range of options for US residents.

2 Likes

Thanks y’all!

1 Like

You sure about Changelly? Their T.O.S. seem to indicate no U.S. customers.

https://changelly.com/terms-of-use

simpleswap, too:

That’s unfortunate. Prior to, it seemed Changelly still provided access to the US. As mentioned above, I don’t have any experience with SimpleSwap, so I can’t speak to that.

OMNI DEX just may be the only option for now. Hopefully, a SAFE Community Foundation will be able to raise funds to help address this exchange access issue.

1 Like

Yeah, I’ve been rather frustrated with the limited options…even for crypto in general…it’s damn near coinbase or nothing.

Is this up and running now? Would anyone mind giving a quick tutorial on how to use it? Seems like it is my only option to get my hands on some MAID.

Edit: I think I found some instructions. I’ll update if I have any questions…