Is having a copy of my wallet.dat file enough to recover lost Bitcoin?

Is having a copy of my wallet.dat file enough to recover lost Bitcoin?

I have been using Bitcoin-qt to mine bitcoin. I am a little worried about losing my coins on my computer, so I have made a backup of my wallet.dat file and put it somewhere safe.

Is this the right way to keep my coins safe from my computer crashing? Am I completely on the wrong track? What else might I need? I haven't encrypted my wallet.

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