In this video I’ll show you how to make a secure and encrypted USB Bitcoin Wallet. I’m going to use MultiBit to create this wallet and then store it onto a USB thumb drive for safe keeping. I’m also going to copy the contents of the USB drive onto multiple other USB drives so that my money is backed up in multiple locations. This way, if anything happens to one of my USB wallets, I can fall back on a copy that I made, and recover the bitcoins (BTC). Even though there are copies of my wallet files, they will all be updated to the real balance if any one of them is modified. This is because the private keys, once accessed with your password or pass phrase, within the Bitcoin network ultimately keep track of the money associated with them. This is why we can create this wallet offline, and allow the network to synchronize and verify that the funds that are supposed to be in our wallet appear. If necessary, we can send the funds from the USB stick to another wallet, either Online, Cloud, or Offline cold storage.
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