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Author Topic: Where do i buy bitcoin to store on a usb  (Read 193 times)
Outhue
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February 23, 2023, 08:32:30 AM
 #21

Buy a Hardware wallet, using a USB flash drive to store your Bitcoin is very risky, the USB flash might stop working after some months even if you don't use at all, and they easily get corrupted too, another big headache is zero security of USB, plug into a PC and virus take the best of the USB flash.

If you don't have money for a hardware wallet, download electrum wallet online and write down the recovery phrase, the recovery phrase is your security key, keep it privately, it is meant for the user only.

Note: if someone managed to get your recovery seed they can easily import into about Bitcoin wallet and move out your funds.

Hardware wallet is more expensive than a USB drive, but if the user is very careful to treat that, 10 years and more is safe with a very high quality drive.

I have a friend who saves his bitcoin on USB drive called Tails OS (electrum wallet). It's not problem, his bitcoin is still there after 5 years. maybe not many, just under nine hundred thousand satoshis, but this shows us the USB drive is safe, just don't put in a lot of satoshis to maybe happen human error in the future
You are right Azhari, even if USB flash ended up going bad or something, the user still has the recovery seed and that's all that matters, the difference between USB flash and hardware wallet is just the security, as a hardware wallet user you still have to keep your keys very safe too, I haven't heard about this Tails OS but I have seen a friend installing some tiny Linux OS on USB Drive and keeping his wallet in the OS running Electrum Linux Appimage.

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February 23, 2023, 04:28:37 PM
 #22

I want to buy bitcoin but some places to buy btc make it so u don't actually own it, they pretty much own it. I also want to store it on a USB is there a video guide to doing that?
Not at all. There are ways to buy btc and get them directly to your wallet. For example, the same exchangers.

Do you want to buy bitcoin and save on usb? It seems that you should study the topic of cryptocurrencies in more depth, because you misunderstand how they work. In fact, it is impossible to own crypto and store them on a USB flash drive. Theoretically, you can store private keys and seed-phrases on a USB flash drive, but in fact this is not a very reasonable solution. Because this is not a reliable way due to their frequent failure. As a last resort, if you want it via USB, then you can use the hard drive option. But I would recommend that you take some time to read the info on the forum, which will allow you to use the best solution for you.


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February 23, 2023, 09:52:39 PM
 #23

You can use Electrum wallet (Portable version) but there is security risk and advice. Electrum team noted it at their Download page.

If you simply use an USB to store your wallet but plug it in an infected computer, that is terrible. Let's read that topic and use Tail OS.

How to Install Tails OS on USB flash drive for Wallet Purpose.

Last but not least, your USB can be broken technically and if you don't have other backups, you will lose your wallet, your bitcoin. Having other backups in other USBs are good but not enough. Better if you have other backup formats like paper.
Unfortunately a seed on a paper can be easily spotted as a seed from a crypto wallet by anyone finding a paper like that nowadays. And you can't be sure that no one will ever find it wherever you are hiding it. So it's better to use a seed with a passphrase, to encrypt your seed or to use a split seed when you do that. Hence your funds will stay safe if someone finds the paper but doesn't know the passphrase or has no other share of the split seed.

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