MultiBit Password Protection - How Secure is it? I'm new to BitCoin but a friend of mine was recently stung when a bunch of his coins were stolen. Naturally, I'm now very cautious. I've password protected my MultiBit wallet and, to test the security of this, I have copied the .wallet file to another computer and opened in a new installation of MultiBit. However, I was not asked for my password and I can see my transactions in there. Can someone explain what the password does if it doesn't stop you accessing the wallet?

Thanks in advance.

PG9
The password is required to spend the coins.  This is the purpose of the password.

Multibit does not consider it to be a security problem if people who steal your wallet can see the balance.  If you have a problem with that, you should encrypt your wallet with a program such as TrueCrypt.