Hello everyone. New user here. Happy to be a part of the NEM/XEM community. I’ve been learning a lot about cryptos and tokens recently, but one of my biggest struggles has been wrapping my mind around which of my investments are considered cold and which are server-side.
I have a Trezor for my BTC and LTC, and a Nano Ledger S for my XRP.
However, I’m having a harder time with NEM. My goal is to create a paper wallet (both digital, on a USB, and printed, stored somewhere safe). Here’s what I’ve done thus far–
1.) Created a Simple NanoWallet on an offline, clean computer.
2.) Tested it by transferring about 100 NEM to it via Changelly.
3.) So at this point, I was wondering; “How the heck do I know if my NEM made it through onto my generated public address?”
4.) So I downloaded the NEM Wallet for Android and imported the Simple NanoWallet information onto it and voila, there’s my 100 XEM.
5.) Since I imported it onto the NEM Android app, does that mean my XEM is no longer in full “cold storage” any longer? The app doesn’t even have 2FA, which is strange to me. Is the Android app NEM wallet server side? Is it hackable? I’m not sure how it works.
6.) If I import more XEM to this same “cold storage” address, do I have to re-download a backup from the NanoWallet “offline log-in” site?
EDIT: One more question - If I wanted to create a printable paper wallet, is there anyway to use https://blog.nem.io/vanity-address-generator-and-paper-wallets/ to use the same NanoWallet account, or would I have to generate a new vanity address? So if I ever wanted to trade/sell XEM, it would go “XEM cold-stored in vanity address printed paper wallet --> Transfer to NanoWallet in offline mode --> Import account onto NEM Android App or Poloniex, for example.” God I need help. Explain it to me like I’m 6.
Thank you in advance for your patience with my newbish questions. I promise I’m learning.