Hi guys. This is my first message. And BitBay is my first investment in cryptocurrencies also. I have fully synchronized the Halo wallet. But I'm still keeping my BAYs on Bittrex. I'm afraid of a collapse on my PC, a system failure on Halo.exe etc. Bad things happen to me very often and I don't want to lose my precious BAYs, nobody does. Anyway, how can i backup my wallet? And I would be glad if you give me some other advices about securing my BAYs. Thank you. Keep up the good work!
You should never keep much money on an exchange. A long history of exchanges being hacked speaks against it.
You can use the client or the Qt wallet. I recommend the client. Make several backups of your keys and remember a backup kept in your home does not help you if your house burns down.
For Qt wallet you need to backup a file called "wallet.dat"
For the client you need to backup "key1.private" and "key2.private" (the client is multisig. Much safer, but requires you to have both keys in order to transact)
You might also want to join our slack. A lot of noob questions are answered there every day.
http://bitbay.market/wp-login.php?action=slack-invitationThank you Munti. That's very helpful. I had invested in BitBay for a long term. I jumped into this train when it was 1070 sats. I was super happy when it hit 2000. I thought about selling it at that price, because it doubled in just two weeks. I'm a stock trader also. Those who trade on stock exchanges are familliar with this selling/keeping conflict. People usually wait for 3-6 months to double their investments in a bullish market. But, no! That was a long term investment and I would not sell it until it reaches $1. But some greedy douchebags decided to feast on that price. And it dropped to 997 in just 5 days. My money was almost about to melt. That was a huge wave to take profit. And no one seems to be in love with this coin. They're dangerously rational. So I've decided to trade. If they are selling, why do I just watch them weaken my investment? I guess I was too naive.