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Topic: if https://blockchain.info/wallet was shut down (FBI) could i get my BTC out (Read 2128 times)

legendary
Activity: 2632
Merit: 1023
Ok having been here a while we need something to explain this to newbies like me @ the time.

See Blockchain.info just confuses the $%$# out of people with the Block chain

We have to explain that the BlockChain is the database, that anyone can get and 1000's of people have

the blockchain.info is just one of may services to view that BlockChain and interact with it.

Like email, I can use several clients to look at the same email over many years, except the blockchain is even better because not only microsoft/yahoo has my records, there are thousands of copys other people hold for me, and its all encrypted....so I and only I can view and build from scratch

Also, when to back up, how, and why the downlaod button is missing from the export.

Further explain how you rebuild from scratch your wallet of a different service by importing you private keys, and that every one should try this with 0.01  BTC so they are sure about what they are doing.

Seriously!
newbie
Activity: 23
Merit: 0
I also dont understand this string of numbers/letters and what to do with it.
However i just chose the 'email wallet' selection.
legendary
Activity: 2632
Merit: 1023
when I go to the blockchain info wallet, home

I see the down load/email/google drive/drop dox

but when I press download it just pops up a screen that has a string of numbers
and only save as html or cut and paste

Not a wallet.aes.json

do I have to remname the cut and pase file into a wallet.aes.json???


it certainly does not look like a wallet.dat file

can I upload the wallet.aes.json to multibit and other clients
if yes what pass words do I need??
or keys


I see the import/export link

I click on that

but nowhere does it let me export my wallet

newbie
Activity: 32
Merit: 0
didnt read the IF and experienced a slight shiver.

thanks, OP.

Same here. Freaked me out for a solid 10 seconds.


No paper backup?   Wink

Unfortunately you're right. I just opened an account with them yesterday.

*doing it now*
newbie
Activity: 13
Merit: 0
Shoot, it was the first thing I configured in addition to two-step verification.  It's all pretty easy to do.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
I wonder how many blockchain.info users have a backup of their wallet. 1%?
newbie
Activity: 13
Merit: 0
The email backup is AES encrypted.  As for a paper wallet backup - I don't think there is an option to do this automatically on blockchain, but you can do it manually.
donator
Activity: 294
Merit: 250
didnt read the IF and experienced a slight shiver.

thanks, OP.

Same here. Freaked me out for a solid 10 seconds.


No paper backup?   Wink
sr. member
Activity: 330
Merit: 250
If you log into your wallet on Blockchain and head to Settings > General, you can configure automatic email backups.  This will make it so that a new backup wallet gets sent to you any time there is a change in addresses (created or deleted) and ensures you've always got a good fallback point should anything go bad.
You can also make it backup your wallet to Dropbox automatically everytime addresses change.
newbie
Activity: 32
Merit: 0
didnt read the IF and experienced a slight shiver.

thanks, OP.

Same here. Freaked me out for a solid 10 seconds.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Is this email backup encrypted?? Otherwise the email provider will be very happy....
newbie
Activity: 13
Merit: 0
If you log into your wallet on Blockchain and head to Settings > General, you can configure automatic email backups.  This will make it so that a new backup wallet gets sent to you any time there is a change in addresses (created or deleted) and ensures you've always got a good fallback point should anything go bad.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Please note, blockchain.info and blockchain are two totally different things.
legendary
Activity: 3472
Merit: 4801
do I need to get a new backup after every transaction?

No.  You need to get a new backup every time you create a new bitcoin address.  As long as you have that backup, you can still access your bitcoin even if blockchain.info was shut down.  If the FBI (or some hacker) gets control of blockchain.info, they will not be able to access your bitcoin (you are running the security browser extension, right?)


Ok so mutli bit them just looks at the last bit of the blockchain?Huh?

MultiBit looks at the entire blockchain, it just doesn't necessarily get its blockchain information from blockchain.info.  It gets the blockchain information from any peer that it connects to that is running a full node.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
If you backuped your wallet from blockchain.info then you are ok.

If you didn't and you totally relied on blockchain.info and you do not have the wallet on your computer/usb key/paper wallet, then you are fucked (and you deserve that, not having a backup of your wallet? fail)
hero member
Activity: 910
Merit: 1005
You will not be able to log into blockchain.info wallet if the site is gone. However, you will be able to use another wallet to recover your BTC

what would i need

to do this


eg export what from blockchain wallet

also

do I need to get a new backup after every transaction?

You would need the wallet.aes.json file which can be downloaded from the wallet home screen. On the login page if you click the Download Backup button there are some instructions.

A refresh backup needs to be made after a new address is generated, not after every transaction.
legendary
Activity: 2632
Merit: 1023
You will not be able to log into blockchain.info wallet if the site is gone. However, you will be able to use another wallet to recover your BTC

what would i need

to do this


eg export what from blockchain wallet

also

do I need to get a new backup after every transaction?
hero member
Activity: 616
Merit: 500
You will not be able to log into blockchain.info wallet if the site is gone. However, you will be able to use another wallet to recover your BTC
legendary
Activity: 2632
Merit: 1023
Ok so mutli bit them just looks at the last bit of the blockchain?Huh?
sr. member
Activity: 426
Merit: 250
So if if blockchain.info was shut down could I get access to my BT in thier wallet

Also would this stuff my usage of multibit as I understand it it relies on Blockchain.info

what steps should I take to ensure I can access my blockchain wallet even if blockchain is gone

Multibit relies on the blockchain. Blockchain.info is not the blockchain. It is just a site that shows information about the blockchain.
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