Move Assets Between Wallets

I recently purchased an entire Wallet with crypto in it. As the wallet previously belonged to another trader, I was not happy knowing that the wallet was not secure because the previous owner could still have the recovery phrase etc. I was also not fond of the wallet provider being used. I decided to move all the Assets to a brand new wallet, where I was in control of the Assets.

I wanted a new wallet address and mnemonic phrase and having the functionality that I am comfortable with. I also wanted to keep all the assets separate for a period so I could monitor the performance of my seperately.

To do this, I needed my iOS or Android device,
Access to the Old Wallet (OW) & app, the blank New Wallet (NW) & app.
I collected the details of all the Networks and Tokens from OW. Also from one of the stats apps ran a report of all the assets and balances from OW. To make the transfer smoother, I converted all the small balance assets to a single Asset (I converted all to USDT but its up to you)
-Download, install & set up the latest version of both apps on your device
-Open the NW app, select Create a new wallet Accept terms & backup the secret phrase (depending on the wallet)
-Add or enable the necessary Networks and Tokens in NW (Backup both wallets)
-In the NW app scroll/search for the asset & select Receive or Deposit
-Use Copy or Share option to Email yourself the address (I added the addresses as contacts in OW to avoid sending each address via email) I prepared a spreadsheet with Addresses & amounts (for reconciliation)
-Open OW & select Send from the menu, search/select the asset to be sent
-From OW paste/select the address for NW in the Recipient address
-Review the details & Confirm

Complete! Your assets are now in your NW. Depending on the asset, transfer times are from a few minutes to much longer. Repeat for each Asset
From NW run reports & match to the OW report. Some assets lost due to fees and slippage, but my crypto is secure in my new wallet

#recovery #AssetProtection #wallet-to-wallet #TokenTransfers #networks

**Breaking news:** 🚀 Cryptocurrency on-chain analyst The Data Nerd reports that an address withdrew approximately $66.89 million worth of IMX and currently holds 9.69 million WLD (approximately $14.83 million) and 2.32 million IMX (approximately $1.23 million). Today, the address has executed multiple transfers of OCEAN tokens. Stay tuned for further developments! 📈🔄 #CryptocurrencyWithdrawal #TokenTransfers #OnChainAnalysis