Bitcoin Forum
June 19, 2024, 02:00:47 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: wallet backup question  (Read 331 times)
jrlepage (OP)
Member
**
Offline Offline

Activity: 66
Merit: 10



View Profile WWW
May 07, 2013, 01:31:27 AM
 #1

Hello, bit of a newb question here... if you're saving your currencies locally, do you have to:

1) have your wallet app running 24/7? (if not, how often should you run it?)
2) backup the .dat file more than once? (if so, when should you make another backup?)

Is there anything else you should do to make sure your coins don't evaporate into the ether?

Thanks!

DannyHamilton
Legendary
*
Offline Offline

Activity: 3430
Merit: 4669



View Profile
May 07, 2013, 01:40:24 AM
 #2

Hello, bit of a newb question here... if you're saving your currencies locally, do you have to:

1) have your wallet app running 24/7? (if not, how often should you run it?)
No, you do not have to have it running 24/7.  How often you should run it depends on which wallet you choose (Bitcoin-Qt, Armory, Electrum, MultiBit, https://blockchain.info/wallet), and how patient you are.


2) backup the .dat file more than once? (if so, when should you make another backup?)

It depends on which wallet you choose.  If you use a deterministic wallet like Armory or Electrum, then you only need to back up once.  If you use a wallet that generates new addresses using a random seed, like Bitcoin-Qt, then you will need multiple backups.  In the case of Bitcoin-Qt, I'd say every 20 transactions would be a good "rule-of-thumb", unless you are generating a LOT of new addresses in the "Receive Coins" tab.

Is there anything else you should do to make sure your coins don't evaporate into the ether?

Choose a password that is very complex and nearly impossible to brute-force, then don't forget what it is.
anyroll
Newbie
*
Offline Offline

Activity: 14
Merit: 0



View Profile
May 07, 2013, 02:10:28 AM
 #3

Yes there are many wallet backup options
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!