Proper and safe use of any staking wallet.

With the ongoing scams, ICO investments that may or may not be legitimate, you need to understand more than ever that you are solely responsible for your money. It is far better and profitable to mine your own crypto currency, and stake your own coins to gather interest. This is not only the far best way, but it shows SELF-RESPONSIBILITY.

Just a few little security items that need to be addressed when downloading a staking wallet.

First, after a few days when the wallet is completely synced to the network, be sure to encrypt the wallet with a password. 

 

 

Write it down somewhere where you will know where it is in the event that you need it. The wallet will automatically shut down and you will need to restart it. Once the wallet restarts you will need to open it back up, remember a staking wallet will need to be UNLOCKED for staking only. You can do this in the settings tab where you encrypted it.

Second, you will need to back up your wallet. You can either use the backup in the settings of your wallet, or go to your Appdata\Roaming section and copy the wallet.dat file to a flash drive. Your choice.

 

 

In either case you will need to keep this file off the computer and in a secure location, so you will not loose your coins. The reason you do this as soon as you encrypt it is you now have a fresh, un- tampered file that in the event of a computer crash, or some idiot hacks you, your fresh file can be used to restore the coins on another computer at anytime.

Hope this article helped you realize the facts of Self-Ownership of Crypto Currency. While the majority invest, which is not what Bitcoin and others was truly meant to be, the smart ones declare self ownership by mining, and staking(Minting).