I'm trying to make sure I'm backing up my bitcoin wallet sufficiently. I only have about $60.00 worth, so I'm not looking for super secure encryption or anything. I just want to make sure I can restore my wallet if my computer crashes.
Anyway, I'm using MutliBit. I went to Tools -> Export Private Key. I then selected a location on my network drive, added a password, and hit the export button.
If something happens to my computer, I could just redownload the multibit client and install it on another computer, and then use the Restore Private Key function and direct it to the file on my network drive to restore my wallet. Is that correct?