Quote from: thokon00 on May 06, 2015, 08:13:22 AM

Quote from: alfmad on May 06, 2015, 07:58:06 AM

Just bought a few thousands of Faircoin and I am a bit worried about security since this is my first wallet and first time I ever buy a virtual coin. The main problem I see, cause I use a wallet to keep my coins if I lose the data in my computer by any reason.

I am saving the wallet.data file in an external USB storage and I am just wondering if I lose my computer files, it will be enough to keep this .data file to recover my wallet with a new Faircoin software installation? Do I need to keep anything else?

Regards & congratulations for your work

Welcome alfmad,

if you keep a backup of your wallet.dat file you are safe. This file contains all you private data. But make sure have it encrypted!
If you haven't done so, you can encrypt it by opening your wallet and go to the menu and choose Settings -> Encrypt wallet...

Choose a good password with at least 8 better 10 characters.

For more information see here: https://fair-coin.org/#backup

regs
Thomas

Also alfmad, you will need to make a new copy of the wallet.dat after using the wallet a few times even if you don't create any new wallet addresses yourself. And by using the wallet I mean sending funds plus also yes every time you create a new wallet address. As if FairCoin wallet is the same as Bitcoin one it creates a new change address after every 100 outgoing transactions iirc. You could also back your wallet.dat up in the cloud once you have encrypted your wallet. Like in a free Dropbox, Google Drive or SpiderOak account. In case your USB stick is ever lost or damaged.