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Author Topic: What happens if you don't back up your Ethereum Wallet  (Read 260 times)
TryNinja
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August 06, 2018, 02:37:03 AM
 #21

So guys what is the best option to store your ethereums if you don't have a hardware wallet? I'm very concerned about the security of my crypto...
MyEtherWallet with the new secure login mobile app[1] it's probably the next best option.

[1] https://techcrunch.com/2018/07/25/myetherwallets-secure-log-in-app-is-now-available-in-beta-for-ios/

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Gytza
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August 10, 2018, 01:54:38 PM
Last edit: August 10, 2018, 02:14:00 PM by Gytza
 #22

I have an iphone and used to have a trust wallet - so far so good

One day my iphone decided to crash so I had to reset the phone, now me being not that clever had backed up my wallet as you should do but saved it locally to my phone, ok so now there's a problem, I had signed up to a few ICO's etc and added some of my own money to the wallet, but because I hadn't backed the wallet up to itunes the whole data was lost, I lost overnight 8 months of work.
Hi! Smiley
I also use different wallets on my iPhone - Jaxx, Trust, Loaf, O3 just to name few. I wasn't even aware that I should back them up anywhere.
The most important thing are the private keys, as many stated.
Never take a screenshot, don't upload them to your cloud storage.
Just plain and simple, write them on a piece of paper.
Have few little notebooks with all of your emails, codes, passphrases, and have them stored in different places.
Also, really important - notify one person about one of them, in case of your death. A bit morbid but really important.
lotao
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August 10, 2018, 02:10:27 PM
 #23

Only one event will happen, losing all the coins stored in the wallet! I usually use a laptop or other means to record my private key separately, and copy my wallet separately with a laptop!
Raiwenkai
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August 10, 2018, 02:29:33 PM
 #24

If you don't backup your Ethereum wallet and if your phone or laptop will be stolen or something bad happen your token will be lost .
Apollyon
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August 10, 2018, 06:11:44 PM
 #25

I always recommend MEW. Keys are generated and should be stored offline. Another item you can use to assist is metamask.io
huuducitvn
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August 10, 2018, 06:15:03 PM
 #26

Keep private key to paper this effectively best  Grin
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