Thursday 13 July 2017

Create a Bitcoin Bank with a $2 USB Drive

Friend John Duncan tweeted - How to create a secure bitcoin wallet with an inexpensive USB drive.

There are multiple ways to store bitcoins offline, using either a paper wallet or hardware options from companies like Trezor, Opendime, Ledger, and Keepkey. However, bitcoin users can also create a bitcoin wallet on a far cheaper USB thumb drive as well to store coins offline.

The link to the website with full details on how to create a secure bitcoin wallet with an inexpensive USB drive is at the bottom of this article The site is a wealth of articles and cryptocurrency news,so well worth a look.

There are a few different wallets you can download for this particular operation, but for this walk through, we will use an Electrum wallet. Other lightweight bitcoin clients used should follow a similar installation process.

Download the installer to the USB drive folder.

The first thing you want to do is download the Electrum wallet to your computer. The software can be used on Mac OS, Windows and Linux systems and takes only a few minutes to download. The next step after downloading the wallet software is to install it directly on the USB drive. It’s not the best idea to use the USB thumb drive for any other applications, and the drive should be utilized solely as a bitcoin wallet, but of course, that’s optional.

This link will take you to the article on the bit-talk website- http://bit.ly/2tfjSSq

The best place to learn about the currency is at the coal face (No pun intended - err miners - coal face) Join Steemit. Earn and Learn. - http://steemit.com

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