I've been out of the crypto game for a long time, but managed to dig up a wallet that I had stored on an old PC from early 2015. It wouldn't have much in it, maybe a few BTC at most, but it would be nice to recover it and cash out. The machine had Bitcoin Core installed, hasn't been connected to the internet since 2015, and is currently interstate - I've copied wallet.dat and that's all I have access to for now. The wallet is encrypted, backed up, copied to multiple secure locations, etc, and I remember the passphrase, but from what I've read in other threads, the private keys are the important part and I may need to do a "key dump"?
I tried installing Electrum and importing the wallet, but Electrum doesn't recognise the file. Am I right in thinking that the following would be the best solution?
- Download and install Bitcoin Core.
- Place wallet.dat into the appropriate directory.
- Open Bitcoin Core and allow it to "catch up" and download 240 GB worth of blockchain history.
- Possibly be forced to input the passphrase to access the wallet again, and transfer BTC out to an exchange of my choosing (unsure if this is how it would work at this stage).
Is there a way to recover the wallet without being forced to download hundreds of GB worth of data? I live in Australia, with typical Australia-tier internet, and it could quite literally take up to a week to download.
Apologies if there's any shortfall of knowledge on my end of things, it's been a long time since I've kept up with crypto and things seem to have changed quite a bit over the last four years. I appreciate any advice, and y'all are welcome to shame me on my relative ignorance, lol. Thanks!