I have some coins on a website and I really want to get them off. I've downloaded the bitcoin qt wallet and did a test transaction to make sure it works. It worked. I've had trouble finding info specific and detailed to these couple of questions.
I want to store some coins and leave a portion of it for me to use.
What is the best way to go about doing this?
In order to back up the wallet, do I just have to go to: file > back up > save to?
- is the file that is saved really big, like the wallet?
- Where is the best place to store this?
- if I do have to restore this how do I do it?
- I read somewhere that you need to back it up after every 100 transactions, other people say 25. Why is this? Also, if I want to store some coins, that I wouldn't use regularly, and use some other coins should I have two wallets?
- Is there anything else I should be aware of?
I also haven't encrypted the wallet yet.
By doing this is it basically setting up a password to open the wallet or send/recieve coins or both or something else?
Does encrypting the wallet affect the back up?
I'm a little confused and just want to make sure that I do this right the 1st time.
Any help greatly appreciated.
Encrypt your wallet immediately then just make several copies of the wallet.dat file. Put them on USBs and other mediums and then keep them safe.