[LTC] Protect&Backup your Money

[FlakeyBanana]

As many of you know a large amount of us have poured our resources into obtaining Litecoins.it would be a shame if they were lost somehow.

 

Today i will show you how to backup and protect your wallet file we are using the offical Litecoin wallet

 

firstly ill show you how to encrypt the wallet.dat file as an unencrypted backup wont be good

 

so launch your Litecoin wallet and it should look like this without the padlock in the corner

 

 

To you eagle eyed people the padlock means that your wallet is currently encrypted and locked

 

so to encrypt it select the following option from Settings, your's shouldnt be grayed out

 

 

 

just choose a secure PASSPHRASE and make sure you dont forget it

 

Okay now to back up your wallet.

 

MAKE SURE YOUR FULL SYNCED BEFORE DOING THIS

 

theres two ways to do this

 

the easy one is to use the inbuild backup fucntion found in File >> Backup Wallet

 

 

Just make sure you save it somewhere safe ie on an other drive or in multiple locations

 

So now your like oh yeah totally easy to backup if the Litecoin client opens.......BUT MINE DOESN'T YOU %^^&*&^*&^%*

 

so heres how to backup your wallet file without the client

 

Navigate to C:\Users\YourUserName\Appdata\Roaming\Litecoin on win 7 or vista

Navigate to C:\Documents and Settings\YourUserName\Application data\Litecoin on win XP

Navigate to ~/Library/Application Support/Litecoin/ on Mac *shudder*

Navigate to ~/.litecoin/ on Linux systems eg Ubuntu *W00t!!!! :D:D:D:D:D:D:D*

 

and copy this file Wallet.dat to a Safe location NOT YOUR DESKTOP !!!!

 

 

[helping]

✔ Useful thread 
 
gj op

[nickpc]

just did it 

[Vitalius]

Then put a copy on your NAS. Your Flash Drive. An encrypted copy on Google Drive and Sky Drive. And Make LOTS of paper wallets. Hide them in bank vaults (deposit boxes are a thing). 

Paper wallets in a deposit box are most secure. By a long shot.

[Luc401]

Thx

[RuecanOnRails]

While a wallet is still on a computer/created on a computer that was/is connected to the internet, that wallet is not "safe".

 

Using a password is important, but more important is offline storage.

Look into using paper wallets. By which you generate and print the public/private key to paper from a secure boot linux live disc with no internet connection.

You can purchase paper wallet kits https://safepaperwallet.com/

 

Or make your own by using a linux live cd and using an offline copy of https://liteaddress.org/ https://github.com/litecoin-project/liteaddress.org

 

 

Secure your wallets with as much paranoia as you want You are responsible for protecting your own assets, don't leave *potentially* thousands of dollars behind 5 minutes of security.

[FlakeyBanana]

yeah paper wallets are very secure