You may have already heard (or read), but this week I learned a very valuable – and expensive – lesson on the importance of backing up my bitcoin and altcoin wallets to an external device like a USB flash drive. It was a rough lesson to learn, but I’m not likely to forget it anytime soon.

It occurred to me tonight, as I was backing up my now-meager Bitcoin wallet for the fifth or sixth time, that if I ever lost my flash drive, whoever found it would have all of my wallet data. So I decided to add an extra layer of security by hiding and password protecting my wallet backups. The process is actually pretty simple, even if you don’t think you are technically inclined. If you’re a Mac, Linux or other OS user – sorry folks! I am not familiar with those operating systems. This is for all my fellow Windows (Winblows?) users out there...

Watch the video at http://bitcoinmafia.com/bittys-blog/video-password-protecting-bitcoin-altcoin-wallet-backups/