Thanks a lot for your very good explanation. Makes sense and I am afraid I have to go through these tedious steps...
Your account is from 2011, which makes me think you may have a decent stash to protect. In that case, those steps aren't that much. Once you're used to it, it shouldn't take so much time (30 to 60 minutes is a small price for peace of mind).
So this thread can be considered as "resolved"

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