Post
Topic
Board Beginners & Help
Re: hackers and Multiple wallets
by
deepceleron
on 12/12/2013, 00:41:10 UTC
Ok, I will do one step at the time. I will work on getting rid of the one I have now so I can create another one and after I buy small $ to test, then by that time I should have a better knowledge of how to do the things I  want.

One final question is, I can copy and paste the address of my wallet (the long code) and the password and then print and save a hard copy in case the computer goes bad then I should be able in another computer to open the account?
No. The password only protects against unauthorized access to your wallet. The wallet contains many addresses and private keys that are not shown to you, a backup of the wallet through the user interface is required.

Electrum, a different wallet software, uses deterministic wallets, where all the addresses are based on an initial seed, and the wallet can be recreated after storing this seed offline (which is presented as a long string of words when you set up the software).