Litecoin wallet data
On Ubuntu, open a file browser by clicking on the folder icon in the launcher. Having found the default data directory, we can now copy it. Be sure that Bitcoin Core has been shut down and is no longer running. The software occasionally takes a minute or two to completely exit.
Begin by renaming the Bitcoin Core data directory. Use the name bitcoin-backup. This allows recovery of the original data directory in case something goes wrong. To recover the original, reinstate the original name of the bitcoin-backup folder either Bitcoin or. Next copy the renamed bitcoin data directory to a destination of your choice. This can be the same hard drive, an external hard drive, or a removable medium such as USB drive or SD card. Copying data may require only a few minutes or a couple of hours, depending on how up-to-date your copy of the block chain is and the speed of your hardware.
You can now rename the copied folder. For example, it might be convenient to use the name Bitcoin. With no default data directory, Bitcoin Core assumes that this is its first session.
Launching Bitcoin Core should yield a welcome screen. This screen gives you to option to store data in the default location or a custom location. Select the second option. Bitcoin Core should continue starting up. When the process completes, the software should work exactly as it did before.
When ready to proceed to the next step, close the application. At this point your system contains two more or less identical copies of the data directory. Assuming there were no issues with the move, the original can now be deleted. That's it, now when you launch your wallet, say Bitcoin core, it'll start syncing to the latest nodes into your D: The benefits of doing this is that, your keys are actually stored in a drive that's not connected to the internet all the time, so you're less prone to attacks from malware etc, another obvious benefit is that you don't need to take up your expensive SSDs in your main system.
What I normally do is, just before I go to sleep I'd connect the external drive, launch all my wallet applications and let them auto sync to the latest nodes. I don't necessary do this everyday, since I don't need to do transactions this frequently, but it's become a habit and how often you sync is entirely up to you.
The aforementioned backups of private keys, I usually zip them in a password secured file and store it in an extra secure cloud storage, I use securesafe. Why keep a local copy of the blockchain if you're not mining? There's no good reason to, just like there's no good reason to avoid using alternative wallets. If you can't be bothered to spend a few minutes researching alternative wallets, just run it offline on a bootable OS like Tails. You don't need to "spend countless hours" researching and verifying whether running MEW or some other offline client is secure.
I'm one of those who use nothing but default, official wallets, with full nodes synced to my computer. I don't want to spend the time to understand all the alternative wallets and how they claim to be more functional, lightweight, secure etc.
Then spending countless hours verifying to see if they're telling the truth, and then even if they do, there can be bugs that were never introduced look at the super trusted parity. So today I'm going to share with you a very simple yet effective way to store your wallet files, and this general method applies to all currencies in any wallet. If you want to spend a hundred bucks on a hardware wallet that's fine, but this is a cheaper and fairly secure alternative method.
Since most hacks occur online, if your keys are offline, hackers will have no way to access them. In an extreme case say if someone broke into your house and stole your drive, chances are they would have no idea what to do w it, plus you can always keep the drive in a safe or something ; So how do you do this?
Using Bitcoin for example, the data is located at C: Follow these 3 simple steps,.