If you're using Pro, Bitlocker is available. Truecrypt has pissed me off more than once cause if your Windows install becomes borked, you can't repair it with Windows tools unless you decrypt the drive, which is bullshit, IMO. I'm going to assume since Bitlocker is made by MS, that isn't an issue. Encrypting external/flash drives is easy with bitlocker and the nice thing is even if bitlocker isn't a feature on your version of Windows (Home editions), the OS is still aware and allows you to authenticate to view the drive's contents.
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