Quote from: Salmon1989 on November 22, 2014, 06:49:58 AM

Quote from: goldsun on November 21, 2014, 06:05:01 PM

Quote from: Salmon1989 on November 21, 2014, 04:09:53 PM

Quote from: goldsun on November 21, 2014, 03:15:54 PM

Quote from: Salmon1989 on November 21, 2014, 03:12:36 PM

Quote from: goldsun on November 20, 2014, 09:20:23 PM

How do you make a good backup for your wallet? Do you just write down the seed and thats it, or is anyone doing anything with private keys? I am using electrum just in case anyone thinks of a good backup solution for this type of wallet.

I also assume that not many people save all their bitcoins in just one wallet. Am I right?

If you haven't imported any private keys to your Electrum wallet, just the 12-word seed is everything you need to backup.

I keep my 90% of my bitcoin in an offline Electrum wallet and the rest in my bitcoin core hot wallet.

Do you save that 90% of your bitcoins in just one electrum wallet or in serveral wallets?

Just one.
If I use 3 different wallets, I would need to keep them on 3 different places and I will likely forget where they are in a year or two.

So just one wallet will be safe, just by saving the 12-word seed on a paper and in another place just in case. But how do I encrypt the file? I've used 7-zip encrypt but I am not really satisfied with it. I am testing AxCrypt, it's encrypting a file with a password. Is this enough of security or should I use a 2nd encryption software?

I haven't seen anyone writing something about AxCrypt here so I can't tell if this is giving any good protection, but anyone who have some experience from it, let me know!

I am a bit confused. Does people encrypt their wallet file or just the whole wallet software? The wallet software loads the wallet file automatically right? Anyone care to explain more about encrypting a wallet?

7zip use AES256 which is very safe.

I first encrypt the wallet within Electrum with a long password, and then use 7zip to encrypt the wallet file with a different long password.
I keep the encrypted file in my offline laptop and an USB as backup.

But when I use 7zip to encrypt the wallet file, I only need to type the password once. After that, everytime I open my file I don't need to type the password. I want to make sure that everytime I open the file, I need to type the password.

Also, when you open electrum, it loads the wallet file instantly right? So how do you encrypt it with a long password? I just have one password for it and no encryption.