Protect your Bitcoin money
Bitcoin makes it very easy to transfer value anywhere. Many people use it because it does have many advantages, such as user anonymity, no tax on purchase, low transaction fee. With such convenience, it also comes with security concerns.
Like real money, bitcoins are stored in a specialized software called "wallet". You should always keep your wallet secure. To protect your bitcoin wallet against computer or software failure, you should backup bitcoin wallet frequently.
What should you backup?
Wallet.dat file holds keys to spend outputs addresses, transaction information, and other metadata such as contacts. By default, you can find the Wallet folder at the following location:
You can also Type “%APPDATA%\Bitcoin” in a Run window to locate the Wallet.dat file. Once you have locate the wallet.dat file, you can copy it to another safe location. You can backup to USB flash drive, CD, network drive or cloud storage drive.
To restore the backup, simply copy your backed up wallet.dat over an existing one in the bitcoin data location.
To have all wallet and changed addresses backed up, it is recommended to backup the Wallet.dat file after every 100 transaction.
How to automatically backup bitcoin wallet?
As mentioned, you should backup your bitcoin wallet on a regular basis, but manually running this backup manually may be too cumbersome. Is there a way to run the backup automatically?
You can use a free file backup tool AOMEI Backupper Standard to protect your bitcoin wallet. AOMEI Backupper allows you to set up automatic schedule to backup bitcoin wallet to an image file. You can have daily, weekly, or monthly scheduled backup. If need be, you can set up even more frequent backup task based on your needs.
If you prefer event triggered auto backup, you can upgrade to Professional version. Then you can backup the bitcoin wallet at system shutdown, user logoff or other events.
To reduce the bitcoin wallet backup file size and time, you can choose to perform incremental and differential backups to only backup added or changed files. By default, scheduled backups are using incremental backup.
To create a scheduled backup of bitcoin wallet:
1. Download and run this free backup and restore software.
2. In the main interface, click “Backup” and select “File Backup”.
3. Click “Add Folder” to include the bitcoin wallet folder in the backup. You can also click “Add File” to add the wallet.dat file in the backup.
4. Click “Step 2” to specify a location to save the backup image file. You can backup to cloud drive, external hard drive, or network attached storage (NAS).
5. In the next screen, click “Schedule” to bring out the Schedule backup settings. Then you can configure how often you want your bitcoin wallet backed up.
6. You can add encryption to the backup image file so you alone have access to this backup. you can enable backup encryption via “Backup Options”. After that, click “Start Backup” to start the backup.
this backup image is protected with a special file format so even ransomware virus will not attack this backup. The backup image can only be opened by AOMEI Backupper.
To restore file backup with AOMEI Backupper is very easy. Just click on the “Restore” tab and the user-friendly interface will show you want to do next. If you only want to view the backup without restoring it, you can mount the image backup and then view the files backed up in File Explorer.
Besides image backup, you can also sync the wallet.dat file to other location to protect your bitcoin wallet. To protect your bitcoin wallet in real-time, you can set up real-time file sync task.
Best practices for protecting your bitcoin wallet
You should be very careful about your Bitcoin wallet to avoid potential money loss. You can follow these steps to make sure your bitcoins are secured.
Choose the best Bitcoin wallet. You should choose the wallet that offers secure login, two-factor authentication, Multisignature, etc. You can also use more than one wallet for different purposes.
Do not keep too many bitcoins in your wallet. Like in real life, you do not usually put hundred thousands of money in your wallet. Just keep a few for everyday usage.
Use multisignature option to secure your bitcoin from theft and attackers.
Always update your bitcoin wallet software because it provides important stability and security.
Backup bitcoin wallet regularly to many secure locations. If you save wallet backup online, you should encrypt the backup.
If possible, you can also consider using offline wallet, also known as cold storage.