Bitcoin Forum
August 01, 2024, 06:34:41 PM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Bitcoin / Bitcoin Technical Support / Re: Backing up master seed (0.13 and up) on: May 10, 2017, 12:48:45 PM
Hi all,

I want an additional backup to the wallet.dat file. I was thinking of dumping the private key and storing it on paper somewhere safe, but I understand that it will be invalidated after 100 transactions?

Is there a way to get the master seed for the HD wallet? Will "dumpwallet" show me the seed?

Ideally I want something that I can enter directly into Bitcoin Core to regain access to my addresses.


Thanks in advance!

you're talking about the 100 addresses gap limit. Since 0.13.0, this gap limit no longer exists (at least, if you created a new wallet with 0.13.0+... If you just opened your old wallet, there is no conversion from a non-HD to a HD wallet... This would be impossible).

Long story short: if you created a new wallet.dat with a version 0.13.0 or up, your wallet.dat can be backupped once, and it will not be invalidated after you create 100 new keys. There is no need to export the master private key.

I've made a new wallet.dat after 0.13.0, I've got that backed up. What I meant is an additional physical backup - for example, writing down the master seed on paper and storing it in a bank safe.

Initially I planned to do the following:


* Unlock wallet.dat file
* Run "dumpprivkey" with the corresponding address
* Save the resulting private key on paper, laminate it and store in a safe

But unless I'm mistaken, the private key will only be for the specific address I used, meaning it doesn't provide a long-time backup for all possible addresses derived from the master key. Is my understanding correct? Can I get a physical backup that will give me the same type of backup the wallet.dat file gives me?
2  Bitcoin / Bitcoin Technical Support / Backing up master seed (0.13 and up) on: May 10, 2017, 12:27:24 PM
Hi all,

I want an additional backup to the wallet.dat file. I was thinking of dumping the private key and storing it on paper somewhere safe, but I understand that it will be invalidated after 100 transactions?

Is there a way to get the master seed for the HD wallet? Will "dumpwallet" show me the seed?

Ideally I want something that I can enter directly into Bitcoin Core to regain access to my addresses.


Thanks in advance!
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!