How often do you have to backup your wallet to ensure you don't lose coins?

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: manuel on November 12, 2013, 03:48:27 AM

Where does blockchain.info fit in? Isn't that a web wallet that doesnt' require any backup?

Nothing requires a backup, but you should have a backup.
Actually blockchain.info is th only Onlinewallet that gives you the opportunity and responsibility to make one.

escrow.ms

legendary

Activity: 1274

Merit: 1004

Quote from: manuel on November 12, 2013, 03:48:27 AM

Quote from: kokojie on November 11, 2013, 10:28:27 AM

exactly once, if you use blockchain.info and never generate new address.

If you generate new address, then back up after.

Where does blockchain.info fit in? Isn't that a web wallet that doesnt' require any backup?

No, Blockchain.info requires backup.

manuel

member

Activity: 70

Merit: 10

Quote from: kokojie on November 11, 2013, 10:28:27 AM

exactly once, if you use blockchain.info and never generate new address.

If you generate new address, then back up after.

Where does blockchain.info fit in? Isn't that a web wallet that doesnt' require any backup?

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: ?? on ??

Quote from: Lauda on November 11, 2013, 11:42:33 AM

I never back it up. Never had problems which needed a backup to fix (with anything).

I don't wear a seat belt. I've never been in a car accident.

This is also correct. I never wear it, and don't plan to.

Rluner

full member

Activity: 126

Merit: 100

Quote from: Barek on November 11, 2013, 01:36:39 PM

Quote from: twmz on November 11, 2013, 01:20:56 PM

I have a cron job that backs up my wallet to Dropbox every 15 minutes...

Does Dropbox keep multiple versions? Or will it overwrite a good copy with a corrupt one (incase your local wallet ever gets corrupted)?

I believe it does.

Let's just hope we can trust Dropbox employees with our wallet data.

Barek

full member

Activity: 168

Merit: 100

Quote from: twmz on November 11, 2013, 01:20:56 PM

I have a cron job that backs up my wallet to Dropbox every 15 minutes...

Does Dropbox keep multiple versions? Or will it overwrite a good copy with a corrupt one (incase your local wallet ever gets corrupted)?

twmz

hero member

Activity: 737

Merit: 500

I have a cron job that backs up my wallet to Dropbox every 15 minutes...

ralree

hero member

Activity: 518

Merit: 500

Manateeeeeeees

Like other users said, back up your wallet to more than one place. Using armory is the best option, since you can recreate all the addresses from the master seed, so you just have to print a single page of paper. If you want to use vanity addresses, make sure to print each one on paper. I also encrypt mine with PGP and put them in 'the cloud.' This way, if my house burns down, I can still recover my BTC. I switched to using electrum and I like it quite a bit. I have it store its wallet files in my dropbox folder, so they constantly sync. I also keep nearly all of my coins on offline wallets which I generate here:

https://www.bitaddress.org

This way, even if I get hacked, there's only going to be a few BTC stolen, not my entire stash. I recommend more people do the same - offline wallets are fantastic.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

several.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

I never back it up. Never had problems which needed a backup to fix (with anything).

mb300sd

legendary

Activity: 1260

Merit: 1000

Drunk Posts

start bitcoin with -keypoolsize=10000

WishIStartedSooner

sr. member

Activity: 252

Merit: 250

When I make new addresses in Blockchain wallet

kokojie

legendary

Activity: 1806

Merit: 1003

exactly once, if you use blockchain.info and never generate new address.

If you generate new address, then back up after.

escrow.ms

legendary

Activity: 1274

Merit: 1004

I use electrum, just done 2 backups for safety.

Barek

full member

Activity: 168

Merit: 100

Quote from: krishatnet on November 11, 2013, 10:13:00 AM

I generally back up my wallet every month.

As long as you don't do more than 100 transactions in a month ...

Oh, yes, another vote for Armory!

krishatnet

hero member

Activity: 546

Merit: 500

I generally back up my wallet every month.

justusranvier

legendary

Activity: 1400

Merit: 1013

Use Armory.

Barek

full member

Activity: 168

Merit: 100

Default size of that pool is 100.

Birdy

sr. member

Activity: 364

Merit: 250

the bitcoin-qt client (and maybe others, too) will create new addresses for change (yes, there is change). It will take those from a pregenerated pool, but once those are all used it will generate new ones which aren't in the backup.
As long as your Bitcoins are on old addresses, the backup will have them.

manuel

member

Activity: 70

Merit: 10

Why would you loose coins anyway even if you only backed up your wallet once upon creation? Isn't it the blockchain that retains all the ownership records of the coins and not the wallet itself?

Topic: How often do you have to backup your wallet to ensure you don't lose coins? (Read 2967 times)