I've been involved with crypto-currencies 3yrs now and have never used a USB flash drive to store my btc . Recently, I have been highly considering to get one that is specifcally designed for digital currencies such as the 'Ledger', nano, and whatever else that is popular amongst the crypto-space!
Earlier I was watching @crypt0 - https://steemit.com/crypto-news/@crypt0/ep-523-usd55-000-bitcoin-by-2022-irs-recedes-in-court-tenx-pay-token-drops-100-7ype-more and he got me motivated by displaying and promoting where to get some nice offline banks ;)
Honestly, I never even watched tutorials on how to go about it & so, now is a great time to learn, considering hearing of all of these security attacks. And I do hope this helps others as well, who would like to understand how this all works.
No lie, recently(last wk) I had a thought and I was wondering if it was possible to back up digital currencies from a regular USB-Drive and BAM an article appears the following week ;) I think this is very cool how we can use USB's as a bank. Times are changing ppl!
cLICK link above to read full article on how to go about storing your coins offline using these regular USB's - ENJOy! I know I am ;)https://news.bitcoin.com/bitcoin-bank-less-thirty-minutes-usb-drive/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
HERE ARE A FEW PICS OF WHAT TYPE OF USB'S CAN BE USED
I bought an 8 gb flash drive for €6. I store my wallet information on it. Paper wallets, private keys etc. I make sure I turn my pc offline when I acces my files on the drive. Make sure to erase my history before turning my internet back on. Should be save enough.
I heard about people who pay ridiculously high fees when using these fancy usb wallet services. I don't want that.
this is really helpful...even I'm not sure where to store my cryptocurrencies...have been shifting them a lot...I think this is a good way to store them and have a peace of mind.
Thx f0r stopping by however and sorry to call you out but, it had to be done!@vj1309 So this is why @steemit will be implementing this new rule change come time HF-0.20.0. Using other accounts to upvote yourself, hmmm! @minnowpond @minnowpond1 Like the hustle but no need for this.
Cool. thanks for pointing this out.
I gotta get me one, They seem so useful!
Cool Idea :)
cool for now.
two issues:
1)flash memory technology is known to lose data if left alone for a long time,
2)think 15-25 years down the line, when your cryptos have skyrocketed, is there any guarantee you will be able to find a computer system that accepts usb...like right now can you easily find any computer that uses the old version floppy disks?
True! but nothing is 100% guaranteed. And besides, most of us just leave our coins on exchanges and our desktop wallets so, a USB(regular) is just another source 0r option. Just remember to right-click on the drive to then clickING 'eject' before removing and you shall find $uccess ;)@calmanalyst
nice information @tradz thanks for sharing upvoted visit me plz when you free have a nice day <3
https://steemit.com/crypocurrencies/@kishore1988/creating-a-bitcoin-bank-in-less-than-thirty-minutes-with-a-usd2-usb-drive