How to Update Your Wallet...

How to Backup your ADA Wallet

With Chang Coming...

When a hard fork like the Chang Hard Fork takes place in a cryptocurrency network, it typically requires users to update their digital wallets. This means you download the latest version of your wallet's software.

Here's how you generally do it:

Backup your Wallet: Always start with backing up your current wallet. This ensures you don't lose any funds during the update.

Backing up your wallet is an essential safeguard measure for your assets. Here's how you can backup Nami and LACE wallets:

Nami Wallet:
When you first create the Nami Wallet, you're provided with a recovery phrase (mnemonic phrase).
This phrase should be written down and stored in a safe place. It's not stored by Nami.
If you already have the wallet set up, you can view the recovery phrase by accessing 'Settings' from the hamburger menu, and clicking on 'Recovery Phrase'. Enter your password to view it.

LACE Wallet:
As of the current updates, The LACE wallet does not exist or is not popular enough to have widely available and reliable steps for backup. Typically, like other wallets, they should provide a recovery phrase during wallet creation or within their settings for you to note down and store securely. Please refer to their official resources or customer support for detailed instructions.

Backing up your Cardano wallet is a crucial step to safeguard your ADA and it varies slightly but generally follows similar steps across platforms.

Daedalus Wallet:
Open the Daedalus Wallet on your device.
Click on "More" on the right side of the wallet’s name.
Choose "Settings" and then click on "Wallet recovery phrase verification".
Write down this recovery phrase carefully and securely.

Yoroi Wallet:
Click on "Settings" then select "Wallet".
Click on "Backup/Restore Wallet" phrase.
Write down the displayed recovery phrase securely.

AdaLite Wallet:
At the time of creation, AdaLite provides a mnemonic passphrase.
It must be written down and securely stored as the platform does not store it.

For all wallets, ensure that you store your recovery phrase securely and privately. Anyone with access to this phrase can access your wallet and ADA.
Remember, updating the software does not usually affect the wallet backup. However, keeping a regular backup of your wallet is a good practice for the safety of your ADA coins.
Remember, keep your recovery phrase private and secure. Avoid digital keeping, like screenshots or online notes, as they can be vulnerable to cyber threats.

Download the Latest Version: Visit the official website of your wallet provider and download the newest version of the software. Be sure to verify the source to avoid downloading malicious software.
Install the Update: You can normally install the update by opening the downloaded file and following the provided steps. This will typically replace the older version of your wallet software with the updated one.
Verification: Once installed, open your wallet to verify if the update was successful.

Remember, each wallet can have a slightly different updating process, so it's crucial to follow instructions provided by your specific wallet provider.