No EC-Multiply
Last updated
Last updated
The No EC-Multiply BIP38 format is a method for encrypting private keys so they can be stored or shared securely. BIP38 (Bitcoin Improvement Proposal 38) was developed to standardize the way private keys are encrypted using a passphrase, offering a layer of security against unauthorized access.
No EC-Multiply BIP38 is the simpler of the two BIP38 encryption methods. Unlike EC-Multiply, which is designed for batch generation of encrypted keys, No EC-Multiply BIP38 encrypts each key individually, making it suitable for manual entry and less dependent on complex computer operations. This method uses AES encryption to encode the private key with a passphrase, protecting it even if the physical document or digital file is exposed.
Here are the steps:
Select Cryptocurrency
Select Network
Select Mode
Enter Private Key
Select WIF Type
Click Convert
Enter Wallet Import Format (WIF)
Enter Passphrase
Click Encrypt
Enter Encrypted WIF
Enter Passphrase
Click Decrypt