Difference between revisions of "Backing up your wallet seed"

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m (Kemccall moved page Backing up your wallet seed to Backing up your wallet: Shortened to simply "Baking up you wallet" so as to not seem so limiting.)
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With your wallet seed words and date, you can recover your Bisq wallet and its contents if it is lost or destroyed. Alternatively, if you do '''not''' have your wallet seed words and date, you cannot restore your wallet, and '''all your funds are lost forever'''.
 
With your wallet seed words and date, you can recover your Bisq wallet and its contents if it is lost or destroyed. Alternatively, if you do '''not''' have your wallet seed words and date, you cannot restore your wallet, and '''all your funds are lost forever'''.
  
<!-- Bisq has a built-in Bitcoin (BTC) wallet based upon the Bitcoin Improvement Proposal (BIP 44). BTC wallets have a m/44'/0'/0' derivation path and Bisq (BSQ) wallets have a m/44'/142'/0' derivation path. Your same seed phrase is used for BTC and BSQ wallets.-->
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Bisq has a built-in Bitcoin (BTC) wallet based upon the Bitcoin Improvement Proposal (BIP 44). BTC wallets have a m/44'/0'/0' derivation path and Bisq (BSQ) wallets have a m/44'/142'/0' derivation path. Your same seed phrase is used for BTC and BSQ wallets.
  
 
'''Important:''' Write your seed words and wallet date using pen and paper to eliminate digital attacks. Saving them on your computer, even in a secure password manager, makes it possible for a hacker to obtain them.  
 
'''Important:''' Write your seed words and wallet date using pen and paper to eliminate digital attacks. Saving them on your computer, even in a secure password manager, makes it possible for a hacker to obtain them.  

Revision as of 22:41, 27 March 2020

Bisq is a non-custodial exchange. This means you control your funds with your private keys stored in your wallet. It is imperative that you backup your Bisq wallet password, seed words and date. You are solely responsible. There are no other copies!

With your wallet seed words and date, you can recover your Bisq wallet and its contents if it is lost or destroyed. Alternatively, if you do not have your wallet seed words and date, you cannot restore your wallet, and all your funds are lost forever.

Bisq has a built-in Bitcoin (BTC) wallet based upon the Bitcoin Improvement Proposal (BIP 44). BTC wallets have a m/44'/0'/0' derivation path and Bisq (BSQ) wallets have a m/44'/142'/0' derivation path. Your same seed phrase is used for BTC and BSQ wallets.

Important: Write your seed words and wallet date using pen and paper to eliminate digital attacks. Saving them on your computer, even in a secure password manager, makes it possible for a hacker to obtain them.

Recording your seed words and date

To record your wallet seed words and date perform the following steps:

  1. Go to the Wallet seed section of the Account screen
  2. Write down the words in the Wallet seed words field and the Wallet date

Note: If you set a password, it is required to see your seed words and wallet date.


Walletseed.png