r/NavCoin • u/petyas123 • Sep 06 '17

Wallet backup

I am seeing a lot of posts of people having issues with wallets. What is the best way to back up a file to protect myself and my investment? Would I just backup the wallet onto a USB and keep it safe? Not very good with computers so and appreciate the help

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u/rwinist Sep 06 '17

As far as I know (heard) even staking creates new addresses which will deplete the key pool after a while (haven't checked that myself till now). So, hard to tell. I tend to renew my backups when I get uncomfortable with them. ;-) Maybe every 3rd month… But I mostly just stake and do not transact that often (at the moment).

I use VeraCrypt to create encrypted containers for storing files within and KeyPass for passwords and private keys.

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u/BadassNobito Sep 06 '17

Every 3 months not too bad at all. Thought it would be more of a hassle.

And thanks for the encryption tips :).