Bitcoin Forum

Hey all. I have some Bitcoins and want to store them in a safe way that is plug-and-pay. Unlike a paper wallet which is only one-time-use, I would like a secure USB drive which I can decrypt with say, my head.

http://www.amazon.com/gp/aw/d/B002T45X48/ref=redir_mdp_mobile?ref_=pe_385040_30332210_pe_334560_28252370_3p_dp_1

I saw this USB drive and heard really good things. How can I store my wallet like this? Can anyone offer me suggestions or a solution, or the best hardware to use? Thanks a lot.

You'll probably want a light client. How about Electrum?

http://electrum.org/

And do yourself a favor, make a paper backup. USB sticks can fail.

http://electrum.org/seed.html

The page on the links appears somewhat weird. Why? I can't even see what tha usb is about.

http://www.amazon.com/IronKey-D2-D200-S04-2FIPS-Personal-D200-4GB/dp/B002T45X48/

I don't trust USB flash drives. I have heard so many friends lost photos and files on them.

I would just zip the wallet with a strong password, then rar the zip file with another password
then write down clues to both passwords

You can always cascade that a couple more times if you are paranoid

the average life of a USB flash drive is pitifully short.

I wouldn't even store my family pictures on there. Much less my life savings.

Why do people still take these kinds of risks... ??? When will people finally get that the safety of their bitcoins should never depend on a single piece of hardware.

There is NO SUCH THING as a 'secure USB drive', at least not secure enough to trust your life savings with it it.

1. Secure your wallet with a strong password (and/or store it in a truecrypt container).
2. Make several backups of the encrypted wallet (or container file), both within your house (on harddisk and USB flash drives etc) and online (dropbox, webserver, send to your hotmail and gmail accounts, etc).
3. Congratulations. No theft, fire, flood, hardisk crash, website hack, cloud leak, NSA spying, dog peeing on your PC, or whatever, can ever cause your coins to become lost or stolen.

Paper can spontaneously combust.

I'll keep your coins safe for you, OP.  :P

Seriously though, encrypt and make multiple back-ups on multiple usbs and/or burn them to cds.

dont use just one usb stick. use more + use cds etc. i guess then you are fine.

or your story will follow this guy:

http://www.theguardian.com/technology/2013/nov/27/hard-drive-bitcoin-landfill-site?CMP=twt_gu

The reason for paper is not that it is very robust.

Rater that the integrity of a printout is very easy to verify (eyes).

Uncanny. I had four million £s worth in paper money under my bed, but it spontaneously combusted in a magical fashion. It's why I chose cryptos.