Recently, the MyMonero wallet team announced significant changes regarding the stewardship of their platform, indicating that it will sunset and transition to Cake Wallet on Tuesday, January 6, 2026. As a MyMonero user, it’s critical to act promptly to ensure the security of your assets by migrating to another wallet before the shutdown.
We warmly invite you to explore our vibrant community at Coin Wallet, where we prioritize security, privacy, and uphold the principles of decentralization. In this article, you’ll learn how to seamlessly transfer your assets from MyMonero to Coin Wallet.
Join our community and download the Coin Wallet app for iOS, Android, Desktop, and other devices today! 💚
Why Choose Coin Wallet for Your XMR Storage?
Coin Wallet employs a unique architecture that ensures all your keys, including the sensitive private view key, remain on your device. They are never shared with anyone, not even with Coin Wallet itself.
Rather than relying on Local or Remote Synchronization, Coin Wallet efficiently uses a Monero node to handle outgoing transactions and retrieve transaction data. This approach enables users to execute transactions quickly and easily, avoiding lengthy waits.
When you send a transaction, we securely store its ID in encrypted form on our server for synchronization purposes. If you manually add an incoming transaction, that information is retained as well. This enables the wallet to maintain a comprehensive list of transactions without needing to repeatedly scan the blockchain or server.
Options for Migrating from MyMonero
Streamlining the migration process involves selecting the right method. Users of MyMonero have three main options:
1. Migration using seed or mnemonic phrase: This involves copying your passphrase from the MyMonero app to create a new wallet in another app. Unfortunately, this method is not applicable for Coin Wallet since we only support 12-, 15-, 18-, 21-, and 24-word passphrases, while MyMonero uses a 25-word passphrase.
2. Transferring private keys: This method is popular among users. You would typically export your private key from MyMonero and import it into Coin Wallet. However, the “Transfer private keys” option isn’t available in the Coin Wallet interface, as you can only export your keys.
3. Sending assets to a new wallet: The most secure and reliable method of transferring your coins from MyMonero to Coin Wallet is to send your XMR as a standard transaction. This is the only viable approach for migration to Coin Wallet.
Step-by-Step Process to Send Assets from MyMonero to Coin Wallet
First, open the Coin Wallet app and copy your XMR receiving address.
Next, navigate to the MyMonero wallet and initiate a transfer of all your coins to your Coin Wallet address. Follow the instructions depicted in the screenshot below.
Now, patiently await approximately 10 confirmations (about 20 minutes) to receive your Monero transaction. While waiting, you may find valuable insights about Monero synchronization on our blog.
Once the transaction is confirmed, you will see your balance reflecting in Coin Wallet.
If you encounter any issues, please reach out to us at support@coin.space for assistance.
Welcome to the Coin Wallet community! 💚
