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Topic: How often do you have to backup your wallet to ensure you don't lose coins? (Read 2975 times)

sr. member
Activity: 364
Merit: 250
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.
legendary
Activity: 1274
Merit: 1004
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.
member
Activity: 70
Merit: 10
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?
legendary
Activity: 2674
Merit: 3000
Terminated.
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.
full member
Activity: 126
Merit: 100
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.
full member
Activity: 168
Merit: 100
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)?
hero member
Activity: 737
Merit: 500
I have a cron job that backs up my wallet to Dropbox every 15 minutes...
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.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
legendary
Activity: 2674
Merit: 3000
Terminated.
I never back it up. Never had problems which needed a backup to fix (with anything).
legendary
Activity: 1260
Merit: 1000
Drunk Posts
start bitcoin with -keypoolsize=10000
sr. member
Activity: 252
Merit: 250
When I make new addresses in Blockchain wallet
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.
legendary
Activity: 1274
Merit: 1004
I use electrum, just done 2 backups for safety.
full member
Activity: 168
Merit: 100
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! Smiley
hero member
Activity: 546
Merit: 500
I generally back up my wallet every month.
legendary
Activity: 1400
Merit: 1013
full member
Activity: 168
Merit: 100
Default size of that pool is 100.
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.
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?
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