This is a list of tasks and knowledge we would consider to be essential to your first-run wallet experience. The majority of these tasks relate to securing your wallet and ensuring that you have recovery options available should system failure or wallet corruption occur.
On the first launch of your Altitude wallet you will be presented with a dashboard.
On first run the important bits are highlighted.
If any of the above items doesn't change for a while, your wallet may have stopped syncing. Check the Troubleshooting section for tips on getting going again.
To display Altitude in your native tongue click File > Language.
To display Altitude balances in a currency other than MRX click File > Currency.
Your wallet contains the private keys to your funds. So protecting these from both theft and malfunctions is as important as protecting your regular bank details. In the banking industry fund security falls on the issuing bank, in the Crypto world this is all in the hands of the user.
In the case of wallets, you are the only one with access to the private keys, so steps should be takes to ensure their security.
Encrypt your wallet!!
This is the most fundamental of wallet security steps, and ensures that if your wallet.dat file is obtained, accessing the keys within is not easily possible.
Wallet passphrases are used for a lot of wallet functions, so this should be something complex but memorable. A list of random words is generally considered good practice, try and steer away from birthdays, locations, names.
Or maybe try this Mnemonic generator
Once set, the Encrypted icon turns to a green padlock.
Taking a backup of the wallet ensures that you have protection in the event of technical issues. PC malfunction, corruption, accidental wallet deletion/overwrites are all things we have seen before. So ensuring a good backup strategy, means your funds are always recoverable.
Good backup strategy means keeping this file in a few different places. If you only store it on the local PC, the hard disk fails and is unrecoverable, what good is the backup! Also ensure you have at least one copy externally (USB key/HDD).
Keep in mind, that if you generate new addresses in the wallet, a new backup should be taken. If you send funds out and receive coins back into a "change" address this also counts as a new address.
If you have the wallet.dat file then restoration is simple.
To backup and restore using private keys, please follow the instruction in the Metrix core security section.