Thinking about Moving My Waves Licenses

I've been using a USB to store my licenses for four or five years and it works like a charm. 

Same here - and as a matter of fact, my USB stick got hosed one time, and I was able to just restore to a new USB stick. You can only do that once a year though.

I can't remember exactly what I did - but it was something like "emergency restore to new USB device" or some such thing...

Man,  I must be living in the Ice Age then.
 
Do you have to leave the USB in the drive the entire time you are working with your DAW and Wave. or only when you bring up a Waves plugin to place in as an FX?
 
Thank for the insight everyone.

Jesse, you keep the USB key in the machine you want to use your plugins on. When you want to go to another machine just eject your USB stick and take it with you.

I have used the USB stick method you are talking about for a while now with no problems. I also send my licenses to the cloud. And transfer that way is also painless. But you have to have access to internet. Loose internet, can't get to your license.

Really wish that Waves would allow three machine authorization like a lot of others. How many machines can Slate and UA allow?

Having a problem using my Waves license to the second computer.
 
The 1st PC is used with Sonar Platinum as my DAW and I have Waves working fine and using the USB flash drive, no problem there.
 
The 2nd computer is in the basement and has Cakewalk by Bandlabs installed.  I was creating songs and then transferring them to my Sonar PC to Mix.
 
1. So,  I went to Waves Central on the CbB PC (2nd PC) and clicked Install.
2. The message said to select a target Platform, so I select Windows.
3. Next I selected a folder on my Desktop called (WAVES MOVED) as the target directory.
3. Next, I click on the plugins I wanted to move to that folder and they appeared in the right siide of Wave Centra.
4. Finally, I clicked "Prepare Installer" and the plugins were moved there.
5. I moved the "Waves" Folder that was created in the (WAVES MOVED) folder I created to C:\Programs Files>     Common Files> VST3 and placed the new "Waves" folder there.
 
I ran my scan in CbB and I received the error message, "Wave License Engine is Missing".
I have the USB license drive in the PC, but the scan is stuck on WavesShell1-10.0.dll and I see the Wave license error of C:\ProgramData\Waves Audio\Modules\WavesLicenseEngine.Bundle
 
-Restore it and then click "Rescan Licenses"
-To continue without Waves products, click "Skip".
 
When I click Rescan License, the box just makes a ding sound and stays there, I have to click Skip.
 
Any suggestions?
 
 

BD is correct. Just install through WC. Then when you want to use the pc in the basement, or anywhere else for that matter, just bring your license, plug it in. Your good to go.
 
If you create an 'Off-Line Installer' then waves will create an 'installer' in the directory you choose. But you still have to use WC to take that 'Off-Line Installer' and install it to another machine. 
 
If you start moving the Waves folder around, your just shooting in the wind. 
 
And btw, the license engine is not on the USB stick. Only your licenses is. The licenses engine is installed on the machine with WC. You can install Waves plugins on as many machines as you like. But will only be able to run them on one machine. The one with the licenses on it.