Will encryption work if this is used in a Chromebook?

The encryption happens entirely within the external disk. As long as you unlock it before plugging it into the computer, the computer will see it as just another USB disk. It won't even know that the data on the physical storage within the disk are encrypted. If you don't unlock it first, it won't even tell the computer that it IS a disk. The computer's USB controller will probably feed it power, which it uses to charge its internal battery, but from what I've seen the primary operating system (macOS, Linux/chrome/android, or even windows if you're into that kind of self-abuse) won't even be aware that a device is plugged into the port.

Would this be good for storing Bitcoin keys?

I use it to store my most secret items. It will definitely do the job for your Bitcoin keys, that is one of my closely guarded secrets also. The Aegis Secure Key 3 enables me to keep my secrets from the internet until I absolutely have to expose them. That’s why I have several different Aegis encrypted storage devices. They have served me well for the pass 8 years.

What happens if the drive is formatted? Will this effect the encryption capability?

However you choose to format the drive is independent of the encryption capability. The drive is encrypted in the thumb drive hardware/firmware independent of the drive formatting. Generally you set up your encryption key, set whatever additional features you want to set, and then you format the drive for MacOS, for NTFS, for exFAT, etc. based on your specific needs.

Are the backups immune from ransomeware

sophisticated malware like Locky and Crypto-ransomware are now targeting your backup data.

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🔐 Secure Your Data, Elevate Your Game!

COMPACT PORTABLE - Lightweight design (22.6g) for on-the-go professionals.
USER FRIENDLY DESIGN - Software-free authentication for hassle-free operation.
SEAMLESS CONNECTIVITY - USB 3.2 Type C for lightning-fast data transfer.
UNCOMPROMISED SECURITY - FIPS 140-3 Level 3 validated for top-tier data protection.
DUAL MODE FUNCTIONALITY - Separate Admin and User modes for enhanced control.

The Apricorn 128GB Aegis Secure Key 3 NXC is a cutting-edge USB flash drive that combines robust 256-bit hardware encryption with FIPS 140-3 Level 3 validation, ensuring your sensitive data is protected. With a sleek black design and USB 3.2 Type C connectivity, it offers fast data transfer speeds and user-friendly operation without the need for software. Ideal for professionals who prioritize security and efficiency, this compact device is perfect for both work and travel.

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Connectivity technology	USB
Colour	Black
Model name	3NXC
Product dimensions	83D x 19W x 6H millimeters
Flash memory type	USB
Manufacturer	APRICORN MASS STORAGE
Hard disk size	256 GB
UPC	708326915014
Batteries	1 Lithium Polymer batteries required. (included)
Item model number	ASK3-NXC-128GB
Color	Black
Hardware Platform	PC, Mac, Linux
Are Batteries Included	Yes
Lithium Battery Energy Content	19 Milliamp Hours (mAh)
Lithium Battery Packaging	Batteries contained in equipment
Number Of Lithium Ion Cells	1
Item Weight	22.6 g

Apricorn128GB Aegis Secure Key 3 NXC 256-Bit Hardware-Encrypted USB 3.2 Type C Flash Drive, FIPS 140-3 Level 3 Validated (ASK3-NXC-128GB), Black

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