Post
Topic
Board Beginners & Help
Re: Saving Bitcoin to USB for security purposes.
by
sgh858
on 07/05/2013, 11:26:41 UTC
Yes, you're right. But if you lose your USB stick or USB stick spoil, your coins are gone forever. So better has several copy of your wallet, in several media, e.g: USB stick, CD-ROM etc.
Is this too simple? What am I missing here?
Why cant you just send your bitcoins to your wallet on your computer. Backup the wallet.dat to a usb stick. Close the bitcoin wallet. Delete the wallet.dat from your computer. Restart bitcoin wallet so it creates a new fresh wallet with no bitcoins. Unplug USB containing your bitcoins.

Doesn't this make your bitcoins completely inaccessible to everyone except the person holding the usb drive?