Bitcoin wallet backup Windows

With the risk of exchange platforms closing down and potentially taking your bitcoins along with you, more miners are taking the safer route of storing their bitcoins offline, meaning in their own personal virtual bitcoin wallet.

Like in real life, your wallet must be secured. Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bitcoin can provide very high levels of security if used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your money.

Creating backup copy of your bitcoin wallet is extremely important. Remember the case where this one guy (James Howells) threw out his hard drive containing 7, 500 bitcoins which he created for nothing in 2009. That was worth around 500, 000 pounds then but the value has since soared.

Learn his lesson. Create a backup of your own bitcoin wallet and keep it somewhere safe, like on a secured cloud hosting site like The Media Storage. By storing your valuable wallet on a cloud host instead of a hard disk, you reduce the risk of losing it because you toss your harddisk out of the window. The Media Storage ensures backup of your files ensuring you never loss them.