RE: Making a backup of a crypto local wallet.dat file - A How To Guide

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Making a backup of a crypto local wallet.dat file - A How To Guide

in how-to •  7 years ago 

I don’t quite understand why a wallet.dat backup is much different then having your private key. Are they just different ways to access the coins in case the computer crashes? Thanks for your time!

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7 years ago by

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      ·  7 years ago 

    If the hard drive storing the wallet.dat file is lost or destroyed (ie, in a fire etc), you have lost all your coins. That is why you need a backup.

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