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I'm writing a short story with a passing mention of Bitcoin but I could do with a ELI5 about cold storage wallets. More below...

Bitcoin Reddit

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Can someone store their wallet on an offline laptop or a USB drive?

Is that password protected in a simple way? For example, could I have a USB stick with a password of Password1234, no matter how stupid that would be.

And finally if someone knew that password and took the USB drive, do they effectively take all your Bitcoin.

Sorry if this is disallowed, or seems very simplistic. I've read loads online and it all seems, quite rightly, more complex but they assume nobody could be that stupid.

submitted by /u/Tacklestiffener
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