Hi,
according to the Bisq manual
https://docs.bisq.network/backup-recovery
“All Bisq data is stored right on your computer.”
So far, so good.
What would happen if I installed my one and only Bisq account on two computers and do trades on both of them? I mean without saving the last used instance and importing it to the other instance.
What problems would that cause?
Would trades get lost?
Would my trading statistics get screwed?
What about the account balance of my wallet: Would it be still correct?
Thx for your insights!
What problems would that cause?
- Trade data would get messed up
- Trader chats / Mediation chats / Arbitration chats
- Your SPV file would get corrupted quickly
- It would be a pain in the ass
Would trades get lost?
- Yes, you would likely not be able to complete them on Bisq app. You would be reaching out to support all the time.
Would my trading statistics get screwed?
What about the account balance of my wallet: Would it be still correct?
- Yes, but would would like need multiple resyncs
The correct solution to this is to have 2 separate instances of Bisq running on each computer.
You can still import your payment account info so that both instances have the same access to your usual payment accounts.
Thanks for clarifying. Sounds all very logical.
You can still import your payment account info so that both instances have the same access to your usual payment accounts.
You are refering only to the payment account info, right? But I would not have to import these payment account infos, right? I could also just set them up again, right?
And another question is:
Since backing up regularily the Bisq data is crucial: how would a decent backup scheme be organized? So should one make a backup after each session so that all trades, chats, mediations etc. are up-to-date not only on the master system but also in the backup?
How does this correspond to the important backup rule “Keep a backup in a second (= remote) place”?
You could set them up again. But it would be better to export / import them.
The benefit of importing the payment accounts is it keeps the signing status and account age. If oyu add them all again separately you would be starting afresh with account ages / signed status
With regards backups and how to organize them, as you never know when you can experience hardware failure.
It is good to do backups:
- Prior to an SPV resync
- Prior to changing any application files
- Prior to an update
- Prior to any significant trading activity
- When you have a large number of trades in progress
Ideally backup to an external encrypted device. This means that should you hard drive die with Bisq application on you will have a backup on an external device.
Also if you do experience an issue with Bisq reach out early on Matrix . This is especially important if you have trades in progress not that occurred since your last backup.
Wow, that was really helpfull! Many thanks!!! The list about “It is good to do backups:” should be in the Bisq wiki!
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Good idea, it could do with an update