Bitcoin backup wallet file
To restore your wallet and recover your bitcoin, you must have your wallet words. With your wallet words, you can recover your bitcoin. You must keep your wallet words safe, because anyone who knows your wallet words can steal your bitcoin.
A wallet backup is an encrypted copy of your Bitcoin wallet. Provided you know your wallet words you can use a wallet backup to recover, in addition to your bitcoin:. If you followed the instructions in the getting started guide then you created a cloud backup service that continuously uploaded your encrypted wallet files to a server somewhere in the cloud.
Locate the folder on your computer that is now a copy of your cloud backup folder. If you don't have a backup but you do have your wallet words then you will be able to recover your bitcoin and any transactions present on the block chain.
However, without a wallet backup, you will not be able to restore all the extra information such as contacts, notes, payment history, currencies and exchange rates. From the unlock screen click the "Restore" button and follow the instructions on the MultiBit HD screen. Because if you could, anyone could. If your cloud-based backup leaked out of the cloud and onto a thief's computer, the thief could steal all your bitcoin.
To restore your wallet, and recover your bitcoin, you must have your wallet words. An alternative and more private approach to a single "Empty wallet" would be to split your overall balance over several smaller transactions made to different receiving addresses from the new wallet.
This would help to disguise your balance and allow you to test the process with smaller spends. If you rely on the default location for wallet backups then you are at risk if your computer is stolen or damaged beyond recovery. A good backup is a copy of your wallet file that you store off your computer. That way if something happens to your computer you still have access to the backups.
IT professionals have a saying: You can restore from a private key export using these instructions. You should try MultiBit HD so that you can take advantage of greatly improved backups and other features. Back to Table of Contents Wallet backups What is a wallet backup?
Do I have to enable it? The backups are encrypted the same as the original wallet. I want my bitcoin to be safe. What do you recommend? At the very least you should have the following in place: Encrypted wallets to prevent others from accessing the data A new wallet created in a directory that is regularly backed up SpiderOak, Dropbox, Carbonite, Time Machine etc A USB stick with additional copies of the private keys in case your machine is stolen and you forget your backup account password Each time a new receiving address is generated a new private key is made which must be backed up.