Hello
I'm new with Bitcoin and there is something I don't understand...
I used Multibit Classic version for one month. I understand that they created some files in a folder, and that it is our "wallet"?
But now I switched to Multibit HD. And there are no such file? I don't understand what happen if I lose my computer, and where are my bitcoins exactly?
It seems like I only need the "secret list of words" in order to get my bitcoin back, if I lose my computer for example. But it seems weird to me.
If I lose my computer. I can take another computer. install Multibit HD. Enter the list of words. And I'll have my Bitcoins back?? really?
Thanks for your explanations...
I'm new with Bitcoin and there is something I don't understand...
I used Multibit Classic version for one month. I understand that they created some files in a folder, and that it is our "wallet"?
But now I switched to Multibit HD. And there are no such file? I don't understand what happen if I lose my computer, and where are my bitcoins exactly?
It seems like I only need the "secret list of words" in order to get my bitcoin back, if I lose my computer for example. But it seems weird to me.
If I lose my computer. I can take another computer. install Multibit HD. Enter the list of words. And I'll have my Bitcoins back?? really?
Thanks for your explanations...
It looks like the 'key' to your confusion is that you didn't appreciate that the 'coins' are actually out on the blockchain. The wallets only hold keys to the blockchain addresses.
HD wallets only hold keys to addresses generated from an initial seed = the secret word list. So that wallet can be regenerated from the seed on any computer you like, and will allow access to the blockchain addresses so you get your coins back.
