Backup & Restore Wallet
How do I back up my wallet? What is RSA Key Pair? How do I use my wallet backup in case of an emergency? Why is wallet backup important? What precautions should I take to protect my wallet backup?
While it is not mandatory, it is highly suggested that you back up your wallet before using it. Backing up your wallet is an important precautionary measure to safeguard your digital assets and ensure their availability in case of unforeseen circumstances.
You must create an RSA key and supply the system with its public key in order to back up the wallet. Your RSA Public Key will be used to encrypt the backup, which will be a file that can only be opened with your RSA Private Key.
A private key and a public key make up an RSA key pair. The backup file is encrypted using the public key to increase its security in case it is discovered. If you ever need to utilize your backup to get your money back in an emergency, you'll need the RSA Private Key.
You can utilize the backup file created by Vaultody along with your RSA private key and the Vaultody Recovery Tool (open source) in the event of an emergency or the necessity to recover your wallet in order to relocate all cash. In the event of an emergency, you will be able to relocate all of your cash using our open-source recovery tool.
Because it ensures ownership documentation and makes digital assets available in case of crises or unanticipated circumstances, a wallet backup is crucial.
To protect your wallet backup, make sure to store it securely offline and in a separate location. Use encryption and strong passwords to secure the backup file, and avoid sharing it with anyone.