How to Backup your Bitcoin wallet (blockchain.info, Bitcoin QT, MultiBit)

64

When we published our 4 Steps to keeping your Bitcoins safe guide about a month ago we said it’s important to back up your Bitcoin wallet. A Bitcoin wallet backup is basically a file that hold all of your private keys for your public addresses, so in case your Bitcoin wallet gets lost or stolen you can always get back your Bitcoin. Let me give you an example:

This guy accidentally threw away his hard drive which had a Bitcoin wallet installed on it with 7,500 Bitcoins….ouch. If he had created a back up he would be able to get them back again. Here is how the process looks like.

http://99bitcoins.wistia.com/medias/hq8lsjrbll?embedType=iframe&videoFoam=true&videoWidth=640

Step 1 – Open the wallet you want to back up

Whether it’s Blockchain.info, Bitcoin QT, MultiBit or any other wallet.

Step 2 – Look for “Backup wallet” or “Export private keys”

Search inside the wallet’s menu until you find one of these options. Here is Blockchain.info:

blockchain.info backupAnd this is Bitcoin-QT:

Bitcoin qt backup

And this is MultiBit:

mulibit backup

Step 3 – Save your backup to a flash drive

Save your exported backup on to a flash drive and keep it in a secure place. Some wallets will allow you to password protect your backup so that if someone gets a hold of the file he won’t be able to use it.

Now if for some reason you end up losing your Bitcoin wallet – for example, someone steals your mobile device. You can just open a new client, import this backup and move the Bitcoins out of that wallet to a new wallet. Blockchain.info even has a very handy option of automatically sending you backups to your dropbox or Google drive which you may want to consider.

Remember, all the backup is, is a list of your private keys. Whoever has your private key owns your Bitcoins. If you have any more questions about backing up your Bitcoin wallet feel free to post them in the comment section below.

Ofir Beigel

Owner at 99 Coins ltd.
Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.

Leave a Reply

64 Comments on "How to Backup your Bitcoin wallet (blockchain.info, Bitcoin QT, MultiBit)"

Notify of
avatar
 
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
 
Sort by:   newest | oldest | most voted
Walt
Guest
Member
Walt

You say “backup every wallet”. I assume this isn’t necessary if using something like the Ledger Nano S. Wouldn’t have a clue of how to back it up anyway.

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Walt, in case of hardware wallets, you are given a seed phrase, with the help of that you can recover your wallet in case you Ledger is damaged or disappeared. Just make sure your seed phrase is in safe.

Dave
Guest
Member
Dave

Your one-week course via email provided extremely helpful information, thank you!

(Please speak more slowly, no need to rush. I was able to understand from the written transcript…)

Milos Radojkovic
Guest
Member
Milos Radojkovic

Hello Offir! Great video again, thanks a lot for your education.
I have only question about Blockchain.info, are they a real wallet and they do not have our private keys? I see that you mentioned that we can do backup, so it looks they are secure for us. I am little confused, because there is to much different services which says they are wallets but they not. Thanks again!

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Milos, Blockchain.info works with a seed phrase in stead of a private key, you can read more here: https://blockchain.info/hu/wallet/security

Miriam
Guest
Member
Miriam

Where is the best place to earn bitcoins from?

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Miriam, if you want to buy Bitcoins, you can check out this article which has a lot of exchanges with reviews: https://99bitcoins.com/how-to-buy-bitcoin-with-a-credit-card/
and another way to earn Bitcoins is to work in exchange for cryptocurrency, you can read more about that here: https://99bitcoins.com/get-earn-bitcoins-get-job-that-pays-bitcoin/

Rob D
Guest
Member
Rob D

Thanks for the great videos, I was wondering about the 7500 bitcoins in the hard drive that the guy threw away, so they gone forever? Not just for him but never to be in circulation again? I wonder what percentage of bitcoins will never be seen again like that!

Atul
Guest
Member
Atul

Hi
Which broker is safe to keep large numbers of cryptocurenices , like Bitcoin etc

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Atul, it is never safe to store your Bitcoins on an exchange in a hot wallet. Please check out this article about wallets, it should be helpful for you. https://99bitcoins.com/what-is-bitcoin-wallet-bwbt-3/

asif
Guest
Member
asif

hello ofir :- how to backup from coinbase

Ray Niblock
Guest
Member
Ray Niblock

Hi Ofir
Thanks for all the tutorials; it’s helping to get my head around bitcoin and how to keep them safe.

These are probably stupid questions, so I apologies in advance.

I too use Blockchain.info. How secure do you think this is and how robust a company are they?

I’ve backed-up as you suggested, but if Blockchain.info got hacked, that would mean my back up is useless if the hacker/s has already moved them from my wallet to their’s, or am I missing something?

Many thanks
Ray

Fabiano
Guest
Member
Fabiano
Hi, Ofir! I really appreciated the course and will be waiting for new chapters in the future ;) I didn’t understand some points about the Private key and no one can answer in the internet: 1) What determines the quantity of private keys, do I have one per address use, per transsaction done or per wallet? I’m very confused here. 2) Considering the response above, how often should I backup the Private keys? Every time that I do a new transaction (send and receive)? 3) When I transfer bitcoins to someone, some new wallet or to a hardware wallet (Trezor,… Read more »
Zsofia Elek
Admin
Member
Zsofia Elek

Hi Fabiano, thanks for the feedback. These are very good questions.
Each Bitcoin address (the public key) have only one private key. Just keep that safe, it won’t be refreshed at new transactions. The transaction IDs are different when you send and receive coins.

Bedo
Guest
Member
Bedo

Does not it more than enough to REMEMBER the Private key seed? Why to have a back-up? (For example, we use Electrum Wallet – As long as we REMEMBER the 12 word seed, we are all “ok” , I think, right?)

Joseph Udoh
Guest
Member
Joseph Udoh

Thanks a million, Ofir.

Your lessons are very Educative. Understand

Zsofia Elek
Admin
Member
Zsofia Elek

Thanks for the feedback Joseph!

Monday Emmanuel
Guest
Member
Monday Emmanuel

I just want to know how to buy,when to buy whom to buy from and how payment is made as a starter.

Zsofia Elek
Admin
Member
Zsofia Elek

Hey, We’ve recently composed a beginner’s guide newsletter to buy Bitcoins, you can sign up here https://99bitcoins.com/subscribe-to-newsletter which will probably cover what you’re looking for. And here is a link to an article, summarizing the key technical points how to buy Bitcoins: https://99bitcoins.com/how-to-buy-bitcoin-with-a-bank-account-deposit-wire-transfer/

Adeyinka Matthew
Guest
Member
Adeyinka Matthew

Hl OFIR many thanks for this great job you are doing on bitcoins its really very helpful and I recommend the crash course to all fresher’s in the world of bitcoins

Bernard
Guest
Member
Bernard

Thanks so much for your help and advice on bitcoin I do appreciate and I must say that your doing a great job.please I want to open a bitcon account but I didn’t understand the practical ways of doing that can you help me please.thanks a lot

Sylvanus Christopher
Guest
Member
Sylvanus Christopher

Wow! Thank you for sharing all these videos and information. God bless you!

Carlton
Guest
Member
Carlton

Thank you so much for all the lessons. It was enlightening to me.

Richard
Guest
Member
Richard

Thanks for the lessons, I have learnt some great lessons especially with the back up lesson you gave.

Zinas Simon
Guest
Member
Zinas Simon

How will I backup my Bitcoinwallet.com wallet with master password and account key and join same with the public key of the private key?

spiros mxs
Member
Member
spiros mxs

Thank you about your clear lessons. I read above (Larry M) there are users face the same problem like me with their blockchain wallet. Where is the feature to back up wallet?

Anonymous
Guest
Member
Anonymous

thanks Ofir of the free tutorials and giving me a better perspective on how bitcoins work also , amazing pointer on the back-up and easy comprehensive, educative course.

Larry M
Guest
Member
Larry M

Thanks Ofir,
Unfortunately, i did my best to locate the backup feature on blockchain.info but couldnt. I guess i will try again tomorrow. This crash course was eye opening and I truly appreciate it. I also thank you for offering me the bitcoin stipend. All the best.

I hope to here from you again. My email is open to 99bitcoins. God bless your team

Autumn
Guest
Member
Autumn

Thank you for providing bitcoin lessons, I’ve learned a lot from your post.
Shared :-)

Giancarlo Morieri
Guest
Member
Giancarlo Morieri

thanks for sharing this lessons
as soon as I will achieve enough awareness of the bitcoin world i will start using them
and this lessons are helping me a lot.

Anonymous
Guest
Member
Anonymous

Matthew Dikwidi, South Africa

Great O Fir, since i started Bitcoin lessons with you, i can tell it is not an easy as i thought, but now i know the good and the bad of storing bitcoins in your bitcoins wallet, thank you so much. i am relly interested in trading bitcoins but i can just get it right.

Richard
Guest
Member
Richard

Same problem the numbers are long and confusing

Henry Barton
Guest
Member
Henry Barton

Great tip, losing 7500 Bitcoins would be awful. I think backups are vital to the safety of the money. But instead of using the built in encryption, I’d suggest using a one-time pad by XOR-ing an unencrypted backup with pure randomness. This would be 100% unbreakable. Then just keep the encrypted backup and key separate, like maybe one on OneDrive and the other on Google Drive. Better yet, keep them on 2 separate flash drives in case your cloud accounts get hacked.

Joshua Anderson
Guest
Member
Joshua Anderson

Thanks for posting this! I want to buy some Bitcoins this month and I have been scouring your website looking for the steps I should take and now I’m a bit freaked out after reading that your wallet could be hacked or simply disappear due to some hardware error. How can I prevent this?

Elijah Thomas
Guest
Member
Elijah Thomas

I don’t know about you, but I use Bitcoins every singleday for most of my transactions and donations. I like to know that my money is safe and secure so I am strongly considering using Trezor. Do you have any experience with it? I am curious if you heard some bad reviews from people that actually used them, not from their competition.

Ofir Beigel
Guest
Member
Ofir Beigel

I also heard of them but haven’t had the chance to use them yet. Will hopefully write a post about this soon.

Tamita Stevens
Guest
Member
Tamita Stevens

Most likely you don’t use Bitcoin for every single transaction you make so it would be ideal if you could back up your wallet every time you receive a new private key. It doesn’t take that long and you know all your Bitcoins are safe. I keep mine on two USBs; one stores the most recent version and one the previous backup just in case I might need it.

Matthew Taylor
Guest
Member
Matthew Taylor

Choose extremely strong passwords if you want to reduce the risks of being hacked. If some of your friends know where you keep your Bitcoin backup and want to harm you they can steal it and your Bitcoins will be lost. I don’t speak from personal experience, but this sure as hell can happen; the worst for me was to misplace my USB but luckily I have backed up on two USB flash drives.

Anthony Wilson
Guest
Member
Anthony Wilson

Do you recommend Strongcoin? I read that their hybrid wallet could be the most secure option at this moment but I highly doubt it. Right now I’m using Blockchain and I never had any problems.

Ofir Beigel
Guest
Member
Ofir Beigel

Anthony, I don’t really invest in any other coin other than Bitcoin this is why:
https://99bitcoins.com/please-not-another-coin/
So unfortunately I can’t really recommend or not recommend it….Blockchain.info is good since they do most of the work for you (they will even send you backups on their own).

Hellena Tisdale
Guest
Member
Hellena Tisdale

The most important step is to always password protect your wallet so whoever gets a hold of your flash drive can’t use your Bitcoins. Also, don’t make just one copy as any digital gizmo is bound to give errors at any given time, so save your wallet on more than one flash device. Hope this helps!

Ofir Beigel
Guest
Member
Ofir Beigel

Great advice thanks.

David Conquistador Taylor
Guest
Member
David Conquistador Taylor

Thank you, thank you THANK you! Got a 404 error for the subscribe to newsletter link above. Aren’t I already subscribed? I’m well on my way to a Bitcoin business! This has been truly wonderful!

wpDiscuz
X