Tutorial How to Encrypt Your Wallet

Discussion in 'Manuals / Tutorials' started by XTRABYTES, Dec 6, 2017.

  1. XTRABYTES

    XTRABYTES Well-Known Member

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    How to Encrypt Your Wallet

    Security is very important when we are handling cryptocurrencies. This tutorial will explain how to set a secure password to safeguard your wallet.


    Step 1
    Start the wallet software

    Step 2
    Go to Settings and click Encrypt wallet

    encrypt_wallet.jpg


    Step 3
    It is very important that you use a strong password. Creating a strong password will keep your coins safe even if your ’wallet.dat’ file is improperly accessed. Do NOT lose or forget this password. Once the wallet is encrypted it can not be undone. If you lose your password, we can not help you access your coins again.

    Select a strong password and make sure you have it memorized or written down on paper. Click OK.


    encrypt_wallet_2.jpg


    You will asked to confirm the encryption of your wallet. Click Yes.

    encrypt_wallet_3.jpg


    A new box will appear warning you that the software will now shut down and encrypt your wallet. Click OK. Wait for a minute or two for the encryption process to finish.

    encrypt_wallet_4.jpg

    Your wallet is now much safer.


    Step 4
    You will have to unlock your wallet the next time you want to send coins. Without unlocking your wallet, you will only be able to receive coins.

    The next time you send a transaction, you will be asked to type your password.
    Deselect the For staking only box.

    unlock_wallet.jpg


    Notes
    After encrypting your wallet, you should make a new backup. Any old unencrypted backups will no longer function. This is explained in more detail in the tutorial How to make and restore a backup of your wallet.


    Credits: molten
     
    Last edited by a moderator: Jan 10, 2018
    ToTheM00n and army49091 like this.
  2. Arimand

    Arimand Member

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    Again, thank you for the much-appreciated information you shared with us!!
     
  3. ToTheM00n

    ToTheM00n New Member

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    Thank you, very useful for noobs like me :D
     

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