Bitcoin Forum

Found this on a google search http://www.encryptfiles.net/

http://img51.imageshack.us/img51/9232/encryptedwallet.jpg (http://imageshack.us/photo/my-images/51/encryptedwallet.jpg/)

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Anyone tried it? Very simple to use.

Yeah, I've used it. Encrypt, decrypt, rename to wallet.dat and you're in business. Be sure to enable the setting "Clear password box after operation" under encryption settings- otherwise it'll autofill your decryption password if you've decrypted the file before- not exactly secure!!

i think most of the encryption software has a backdoor for police/recovery so it is not 100% save. i would use truecrypt with a 20+ signs password.

[citation needed]

(emphasis added)
I personally think when it comes to encryption software, Open Source with the many-eyeballs principle really shows its strengths.

Also, using truecrypt or openssl certainly helps a bit against the uneasy itching under the tinfoil-hat :D

we need a solution that doesn't keep any traces stored in memory either.. Hopefully future versions of BitCoin maybe have a built-in feature. Like using a password to open a wallet.dat.