Bitcoin Forum
May 28, 2024, 02:37:43 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Armory Paper wallet backup question  (Read 2082 times)
redmouse1 (OP)
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
October 23, 2014, 10:08:30 AM
 #1

Dear bitcointalk users,

I'm new at bitcoins and i am about to buy my first bitcoin but before I do that I have a question about the armory paper backup. I have installed Armory and then it asked me to install BitcoinQT which all went perfectly fine, then Armory asked me to make a paper backup which also went fine but I´m confused of how good this is. Is the paper backup really able to recover all my bitcoins (on another PC) if for example my PC burns down in a fire or everything is lost due to hardware failure. I am quite dazzled actually that this would be enough and i won't need any other physical backup (on an external harddrive for example). Would this also mean that I theoretically could just uninstall armory and then install it back again when i want to use my bitcoins to prevent any sort of computer hackings where someone steals all the bitcoins?

Greetings,
Newar
Legendary
*
Offline Offline

Activity: 1358
Merit: 1001


https://gliph.me/hUF


View Profile
October 23, 2014, 01:35:50 PM
 #2

Yes.

There is only one way to find out. Remove Armory and re-install (or set it up on another computer). Then import your backup.

This is actually what they recommend to do. Read the "I'm scared" section on this site: https://bitcoinarmory.com/about/using-our-wallet/

OTC rating | GPG keyid 1DC91318EE785FDE | Gliph: lightning bicycle tree music | Mycelium, a swift & secure Bitcoin client for Android | LocalBitcoins
Piper67
Legendary
*
Offline Offline

Activity: 1106
Merit: 1001



View Profile
October 23, 2014, 08:21:53 PM
 #3

Yes, it works. You can also make a backup on an external drive, CD, USB stick or SD card.

Just remember, however, that your paper backups are not encrypted. In other words, if you have a back up on a CD, and someone else gets a hold of it, they can't take your bitcoins without your password. But if they get a hold of your paper backup they can.
PabloW
Full Member
***
Offline Offline

Activity: 228
Merit: 106


View Profile
November 07, 2014, 04:29:09 AM
 #4

Once you used the paper wallet, can you re use it or you have to make another one?
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!