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Author Topic: Restore your wallet every now and then  (Read 857 times)
FxR (OP)
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November 21, 2016, 12:37:38 PM
 #1

Hey there,

I recently dug up some of my old wallets of which I thought they were empty. I was going to delete them instantly (as they were empty anyway), but I decided to restore my wallet and let it re-sync.

Long story short, it suddenly deposited a few hundred dollars worth of BTC in my wallet.

For everyone that has Multibit HD (or Classic) wallets, you can restore it by doing the following:

1. Open up your Multibit wallet
2. Click on: Manage wallet
3. Click on: Recover wallet

Most of you might already know about this, but consider it as a reminder that something could always go wrong.
Maybe you'll get lucky, like I did.

Peace

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frankmb
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November 21, 2016, 01:27:02 PM
 #2

Hey there,

I recently dug up some of my old wallets of which I thought they were empty. I was going to delete them instantly (as they were empty anyway), but I decided to restore my wallet and let it re-sync.

Long story short, it suddenly deposited a few hundred dollars worth of BTC in my wallet.

For everyone that has Multibit HD (or Classic) wallets, you can restore it by doing the following:

1. Open up your Multibit wallet
2. Click on: Manage wallet
3. Click on: Recover wallet

Most of you might already know about this, but consider it as a reminder that something could always go wrong.
Maybe you'll get lucky, like I did.

Peace

I lost some wallets in the beginning but now I save them all on 2 external hard drives just in case my pc crashes again.
I never delete old wallets myself because I never know if someone send something to one of  my old addresses.

And making back ups regularly goes without saying for most people I guess.  Smiley
FxR (OP)
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November 21, 2016, 01:37:07 PM
 #3

Hey there,

I recently dug up some of my old wallets of which I thought they were empty. I was going to delete them instantly (as they were empty anyway), but I decided to restore my wallet and let it re-sync.

Long story short, it suddenly deposited a few hundred dollars worth of BTC in my wallet.

For everyone that has Multibit HD (or Classic) wallets, you can restore it by doing the following:

1. Open up your Multibit wallet
2. Click on: Manage wallet
3. Click on: Recover wallet

Most of you might already know about this, but consider it as a reminder that something could always go wrong.
Maybe you'll get lucky, like I did.

Peace

I lost some wallets in the beginning but now I save them all on 2 external hard drives just in case my pc crashes again.
I never delete old wallets myself because I never know if someone send something to one of  my old addresses.

And making back ups regularly goes without saying for most people I guess.  Smiley


Having wallets on external hard drives is a smart thing to do as well, as long as you encrypt the corresponding files of course.

For most of us, making back-ups goes without saying, but you'll be surprised to know how many people don't back-up their computers (or important files) at least weekly.
I just thought I'd create this topic to bring some attention to the topic that you could possibly lose money that could be used for important things, like paying your medical bills.

<3
sgk
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November 21, 2016, 01:38:59 PM
 #4

...
And making back ups regularly goes without saying for most people I guess.  Smiley

I always keep a backup on external hard drive. I also have a paper wallet, kept in a safe as cold storage. I never keep big amounts in a hot wallet, but that's obvious.

Talking about restoring old wallets, yes - you must never delete old wallet files. Better keep them on a USB drive as backup.

For better "watching" of these addresses, you can create bookmarks for all old addresses on Blockchain.info and keep checking balances every month or so, just to see if someone has sent something to any old addresses.
FxR (OP)
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November 21, 2016, 01:46:13 PM
 #5

...
And making back ups regularly goes without saying for most people I guess.  Smiley

I always keep a backup on external hard drive. I also have a paper wallet, kept in a safe as cold storage. I never keep big amounts in a hot wallet, but that's obvious.

Talking about restoring old wallets, yes - you must never delete old wallet files. Better keep them on a USB drive as backup.

For better "watching" of these addresses, you can create bookmarks for all old addresses on Blockchain.info and keep checking balances every month or so, just to see if someone has sent something to any old addresses.

Checking on Blockchain.info is even quicker then restoring the entire wallet Wink.
About your safe, I hope you pinned it to the ground, because small safes are often prone to theft.

<3
sgk
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November 22, 2016, 05:36:43 PM
 #6

....
About your safe, I hope you pinned it to the ground, because small safes are often prone to theft.

One of the paper wallet is inside my bank locker. See the irony? Cheesy
FxR (OP)
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November 22, 2016, 07:44:52 PM
 #7

....
About your safe, I hope you pinned it to the ground, because small safes are often prone to theft.

One of the paper wallet is inside my bank locker. See the irony? Cheesy


Oh yes I do Cheesy. That comment just made my day.
Have a good one sir.

<3
Cereberus
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December 08, 2016, 06:58:28 AM
 #8

Hey there,

I recently dug up some of my old wallets of which I thought they were empty. I was going to delete them instantly (as they were empty anyway), but I decided to restore my wallet and let it re-sync.

Long story short, it suddenly deposited a few hundred dollars worth of BTC in my wallet.

For everyone that has Multibit HD (or Classic) wallets, you can restore it by doing the following:

1. Open up your Multibit wallet
2. Click on: Manage wallet
3. Click on: Recover wallet

Most of you might already know about this, but consider it as a reminder that something could always go wrong.
Maybe you'll get lucky, like I did.

Peace

I lost some wallets in the beginning but now I save them all on 2 external hard drives just in case my pc crashes again.
I never delete old wallets myself because I never know if someone send something to one of  my old addresses.

And making back ups regularly goes without saying for most people I guess.  Smiley


Having wallets on external hard drives is a smart thing to do as well, as long as you encrypt the corresponding files of course.

For most of us, making back-ups goes without saying, but you'll be surprised to know how many people don't back-up their computers (or important files) at least weekly.
I just thought I'd create this topic to bring some attention to the topic that you could possibly lose money that could be used for important things, like paying your medical bills.

I don't do backups of the wallets, I only keep the seed of electrum and multibit in an encrypted .rar file inside a password protected word document. Regarding my coins, I keep most of them on my hardware wallet which I keep in my personal lock at home. I have also the 24 words of this wallet protected in the same way as the electrum and multibit seeds so I think I am pretty safe even if my PC crashes. Usually new pc-s don't crush but even if it does I am safe.

Keeping backups of everything though is always a good idea no matter I don't apply this.




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FxR (OP)
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January 12, 2017, 07:20:10 AM
 #9

Hardware wallets seem like the best of both worlds to be honest. And keeping those private keys/wallet words safe is essential as well.
Having back-ups is just essentials from pretty much anything in case you get attacked by ransomware.

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