I have read all of the documentation I can find for this wallet (not much), and played around with it a bit. Before I take the plunge, I just want to clear a few things up about how it operates. Official documentation:
https://ciphrex.com/docs/Bitcoin_Vault-Getting_Started.pdfI have experimented with backups on a small amount of bitcoin. It seems like I am unable to restore my wallet balance solely from an exported private and/or public BIP32 keychain, or from a keychain file. My understanding from the documentation is that all of your actual used addresses are stored in a separate account file, and indeed I do get my balance back when I restore that file from a backup. Is this by design, or am I missing an aspect of the backup? It doesn't seem very useful to me to have a master seed that can't restore full functionality to a wallet without another file, since I can't simply store the master seed in a paper backup and have faith that I could restore my funds in the case of a hard drive failure or theft.
Can anyone elaborate on the functionality of backups for this wallet?