Backing up wallet

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One of the important steps to secure your wallet by making a backup. A backup prevents losing RDDs in case of (accidental) data loss and corruption. With a backup, you can always restore your RDDs.

It is recommended to make regular backups.‌ Make new backups after creating a new receiving address and creating a new transaction.

There are two methods to backup, make sure to at least backup your wallet.dat (method 1).

Writing a guide like this takes time and effort; tips are appreciated.
My Reddcoin address is RmFDZiWWt3yQk63TsK2bVFEQeZKzxmsnHG.

Contents

Method 1: Backup wallet.dat

A wallet.dat backup contains all your Reddcoin addresses and private keys.

If your wallet is encrypted (has a password), the backup file will also be encrypted. Before you can make a transaction, you need to enter the password; so make sure you also have a backup of your password. If you lose or forget your password, you will not be able to access the RDDs in your wallet.

Instructions

Method 2: Backup your private keys

Every Reddcoin address has a private key. This private key is the prove that you are the owner of that specific Reddcoin address.

In case you lose your wallet.dat backup or your backup gets corrupted, you still can import your private keys later when needed. So, backing up your private keys is recommended.

Every Reddcoin address has its own private key. When making a backup of your private keys, make sure to backup the private keys of all your receiving addresses!

Instructions

If you have made any transactions (sent Reddcoin), you also might have hidden 'change addresses'.
To get the private keys of these change addresses, follow the steps below.

You can write down your private key on a piece of paper, print it or copy and save it in a document. Make sure you save it somewhere only you can access it. If someone else gains access to your private keys, they can also access your coins!


Revision #10
Created 1 December 2021 09:22:51 by Yavuz
Updated 13 May 2022 08:37:12 by Yavuz