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Author Topic: Armory Paper wallet backup question  (Read 1994 times)
redmouse1
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October 23, 2014, 10:08:30 AM
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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,
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October 23, 2014, 01:35:50 PM
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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/

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October 23, 2014, 08:21:53 PM
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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.
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November 07, 2014, 04:29:09 AM
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Once you used the paper wallet, can you re use it or you have to make another one?
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