Vault Backup

The Vault Backup

The vault backup is a file that has information needed for sovereign recovery. Sovereign recovery refers to the process of independently regaining control over your funds or assets without relying on a third-party or service provider such as Bold.

The Backup file is a package of files that provides you with the means to regain control over your funds in the case that Bold ceases operations or becomes inaccessible. By following the instructions in the Vault backup, you can use one of the supported open source wallets to track and withdraw funds without relying on Bold’s web application.

Download Vault Backup

You will have automatically downloaded your vault backup when setting up your vault.

1. Navigate to the Bold Vault.

2. Click Settings.

1. Click Download vault backup file.

Supported Multisig Coordinators for Sovereign Recovery

• Bold supports Sparrow, Specter, and Electrum as open source multisig wallet managers.

• An overview of each multisig wallet manager is provided in the table below.

Wallet name	Notes	Download Link
Sparrow	Ideal for beginners, easy to use and navigate.	Download Sparrow
Specter	Designed for experienced users with advanced features.	Download Specter
Electrum	Best for advanced users, highly customizable.	Download Electrum

• The table below summarizes the differences between Full and Watch-only wallets for each of the three multisig wallet managers.

  • A Watch-only wallet for bitcoin is a type of wallet that allows you to keep track of the balance and transactions of your Bold Vault without having the ability to spend or transfer the bitcoin from that address.

Wallet name	Capability	Setup Process
Sparrow	Full	Ultra-quick and recommended
Specter	Watch-only	Quick and hassle-free
Specter	Full	Advanced setup required
Electrum	Watch-only	Quick and straightforward
Electrum	Full	Advanced setup required

Steps to Recover My Bold Vault Using My Backup File

Your Backup file is downloaded as a zipped folder to your computer. Within the folder there are multiple documents that will assist you in recovering your Bold Vault:

• There is a Sovereign recovery of your Bold Vault document that provides general information and guidance as well as information on Sparrow, Specter, and Electrum.

• There is a .txt file that includes information specific to your vault.

• For Sparrow, Specter, and Electrum, there are instructions included in the Backup file as well as the required files specific to your vault that you need in order to use these wallet options.

Below are the steps to recover your Bold vault using your backup file on Sparrow:

1. Open Sparrow app.

2. Go to File menu then click Import wallet.

3. In the menu, find Output descriptor and click Import file….

4. Navigate to the backup folder you downloaded. Select Sparrow then the Sparrow.txt file.

5. Enter a name for this wallet.

6. Optionally, choose a Password for your wallet and Continue.

7. Sparrow will create and load your wallet. You should now be able to create transactions and track funds using this wallet.

There are guides included in your backup file download folder for Sparrow, Specter, and Electrum.