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19.7 Backing Up a Bitcoin Wallet || Dan Gould

Dan Gould explains the challenges of properly backing up a Bitcoin wallet. The 12 recovery words are a useful disaster recovery tool, as they give you at least access to spend the bitcoin. However, important metadata lik...

2021-06-20

Episode notes

Dan Gould explains the challenges of properly backing up a Bitcoin wallet. The 12 recovery words are a useful disaster recovery tool, as they give you at least access to spend the bitcoin. However, important metadata like labels and memos, as well as advanced script features, require creating a new backup after each transaction. The backup can be encrypted and stored on a cloud server.


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