As commented here (https://github.com/bitcoin-core/gui/pull/96#issuecomment-727259580)
Encrypt Wallet
: “Encrypt the wallet. The wallet will be encrypted with a passphrase of your choice.” This is incorrect. The wallet is not encrypted, only the private keys are.
Also, this inconsistency:
Checking Disable Private Keys
checks Make Blank Wallet
(and disables Encrypt Wallet
). This is correct. Disable Private Keys
should only be checked when Make Blank Wallet
is also checked. However, there is a way to have Disable Private Keys
checked without having Make Blank Wallet
checked (which doesn’t make sense).
Check Disable Private Keys
, then uncheck the auto-check Make Blank Wallet
. You are now left with the settings:
Disabled Encrypt Wallet
, checked Disable Private Keys
.
This is a setting that you can’t enable yourself. (Checking Disable Private Keys
also checks Make Blank Wallet
normally).
To fix, unchecking the auto-enabled Make Blank Wallet
should also uncheck Disable Private Keys
and re-enable Encrypt Wallet
.