To guard against wallet corruption, your wallet files are backed up nightly from your droplet's storage volume which hosts the chain data to the droplet's file system itself.
However, in the event that you lose access to your droplet, a wallet backup as described below is critical to restoring your funds.
It's important that you take precautions to secure your funds by periodically backing up your wallets.
To back up your Ether wallet, run the following command:
The resulting 24 words should be copied down in sequential order and stored in a secure physical location. They back up only your Ether wallet's funds.
Bitcoin, Bitcoin Cash, Zcash, Dash, Litecoin
Note: These wallet files are unencrypted. Thus, you want to store them in a secure location, such as an encrypted flash drive. Do not leave them on your computer or upload to a cloud service, as anyone with the files can spend your coin.
Important: Back up the wallet files periodically, as they contain private key files to your bitcoin addresses and new private keys are being regularly generated by your admin to hold new coin deposits.