About transferring Private keys, Need an expert!!

[MagicBit15]

I have a quick thought/question on private keys.

Say I use Multibit or another wallet. I decide I want to export a wallet to a private key. I export it to a external harddrive, Encrypt the key, Delete the wallet, and unplug the harddrive.

As long as I do not get the hard drive stolen, I am the only one with access to the coins? Is this a good source of back up?

Thoughts, I am just thinking of different methods of back up.

[Raoul Duke]

Yes, but don't keep only 1 backup if you don't want to find out it's corrupted when you need it.
And test your backups to be sure they are good before storing them. By that I mean, try to restore your wallet from them before storing several of them so you know they work.

But yes, if you keep them encrypted even if they steal one of the HDD's where you're storing the backup they won't have access to the coins as long as you keep the encryption password safe.

[MagicBit15]

Awesome, thank you so much!! That was everything I wanted to know and more!!