Litecoin wallet backup restore

This is a very important step not to skip once you start getting coins in your wallet. Your wallet and addresses are stored in a local file, and if your computer crashes you will lose all the coins you have, and unless you have written down your private keys (which you probably haven’t, and this isn’t really recommended) for each address that is in your wallet, you won’t be able to recover them without a backup. Also, any viruses running on your computer are able to find this file and if it isn’t password protected, they can easily steal all of your coins. So do this now!

Get Virus Protection If You Don’t Already Have

The first step, is I would recommend getting/having a good virus scanner for your computer and run it. You should do this before you set your wallet password, to lessen the chance that your password is stolen by reading the keys that you are typing. If you have windows you should download and run Microsoft Security Essentials/Windows Defender. They are free and work pretty well. After that is out of the way, time to move on to setting your password.

Password Protect Your Wallet

I’ve been informed by myturn19 on Reddit that password protecting may crash your client on some PCs and not others. So you may wish to test by backing up your wallet first, unencrypted, before attempting to encrypt it. You can use other encryption tools like trucrypt to store the backup as encrypted if the client gives you problems.

The second step is easy, before you make any backups, you need to come up with a secure password. This password should not be one you use for anything else, and it should contain special characters, uppercase, lower case, numbers and be at least 12 letters long. But you also must make sure that you don’t forget or lose this password. So if this is writing it down and putting it where no one will find it in a burn proof container, or another strategy that you use.. that’s up to you. But just make sure you won’t forget it!

Once you come up with a password, go to Settings > Encrypt Wallet and put your password in there.

To double check your password, go to Help > Debug Window > Console

walletpassphrase YourPassword 30