Question about wallet management | Bitcointalksearch.org

promojo

sr. member

Activity: 420

Merit: 250

Quote from: TTM on March 14, 2014, 03:54:50 PM

Why don't you do some Google search before asking ? Multibit is very easy to use.

Code:

https://multibit.org/help_backupWalletUsingPrivateKeys.html

Thanks... Easy snuff.

TTM

full member

Activity: 140

Merit: 100

Why don't you do some Google search before asking ? Multibit is very easy to use.

Code:

https://multibit.org/help_backupWalletUsingPrivateKeys.html

promojo

sr. member

Activity: 420

Merit: 250

I would be using multibit. How can I do that with the software? Just file and export?

thanks

tkbx

sr. member

Activity: 350

Merit: 251

If you want to securely store a wallet in an insecure location (such as cloud storage), then yes, the method you described is safe as long as you use a good password.

The private key is a string of numbers and letters that allows you to spend the bitcoins in an address. If you want to export a private key, use "dumpprivkey" in the Bitcoin console. This is normally useless though, because even if you export the private keys for all your addresses, almost all your bitcoins are stored in addresses you can't see, called change addresses, so most/all of your coins will be lost.

promojo

sr. member

Activity: 420

Merit: 250

Hello;

I am wondering how I can export the "private key". I thought it was just best practice to:

1) password protect wallet
2) export wallet file and save it offline or cloud storage

FINISHED?

If someone could add some more value/insight that would be preferred.

Thanks

Topic: Question about wallet management (Read 558 times)