Bitcoin Paper Wallet | Bitcointalksearch.org

MonsterV

legendary

Activity: 2212

Merit: 1008

Quote from: crypto-bit on April 18, 2018, 08:25:51 AM

I just wondering why some people don't use paper wallet to secure their bitcoin, Some of them are just putting to the exchanger and trust their funds that no assurance of safety.I don't understand why they did not use the most secure way to keep their bitcoins.

Any Thoughts?

The paper wallet does not physically reflect that it is a digital currency. If you compare security issues, paper wallets are also vulnerable to security, because you only print a private key on paper.

Why don't people keep on paper wallets? ineffective, most crypto users are active in trading, so they prefer to save in exchange.

shesheboy

full member

Activity: 714

Merit: 114

Quote from: gm_ak on February 13, 2019, 09:21:11 AM

There are two sets of people who could do this: newbies and traders.

Newbies are not so adept at using wallets outside of an exchange and it's preferable for them to store their bitcoins with an exchange. Wallets are of course complicated, especially the concepts of private keys.

Traders, of course, need to have some bitcoins on an exchange in order to be able to carry out trades as fast as possible.

The last reply from this thread is august 2018 , lol nice digging tho Wink

Anyway , you are correct . noobs dont engage on trading and investing , therfor they arent require to use some kind of a paper wallet or hardware wallet .

While pro and veteran crypto users are actively buying and trading , thats why they usually store their coins inside an exchange for lesser hassel and for lesser fees as well .

fosco333

full member

Activity: 1260

Merit: 100

Quote from: crypto-bit on April 18, 2018, 08:25:51 AM

I just wondering why some people don't use paper wallet to secure their bitcoin, Some of them are just putting to the exchanger and trust their funds that no assurance of safety.I don't understand why they did not use the most secure way to keep their bitcoins.

Any Thoughts?

Using exchange wallet is easier than using pc wallet, although you have private key in pc wallet.
This is because when you use exchange wallet, you don't need to download and sync the blockchain database.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Paper wallets are definitely safe but it is hard enough to secure it and keep it at a safe place. Paper wallets also has another disadvantage that it needs another wallet to spend the coins.
It means that the paper wallet can only store bitcoins in to it and if you want to spend it or send it to an address then you will first have to import it to a wallet (eg: blockchain.info) and then send the coins to an address.
This is the reason why most people tend to avoid using paper wallets.

xenxen

sr. member

Activity: 763

Merit: 252

in my case i do not need to put my funds in paper wallet i put this on exchanger because it can easy to trade. paper wallet yes its safe but it this use for who can hold there fund for long term and dont want to trade..

newbie0506

jr. member

Activity: 233

Merit: 1

Maybe the person is not capable or paranoid in keeping a physical copy of his account information. It varies from person to person.

gm_ak

newbie

Activity: 17

Merit: 0

There are two sets of people who could do this: newbies and traders.

Newbies are not so adept at using wallets outside of an exchange and it's preferable for them to store their bitcoins with an exchange. Wallets are of course complicated, especially the concepts of private keys.

Traders, of course, need to have some bitcoins on an exchange in order to be able to carry out trades as fast as possible.

levvv

member

Activity: 532

Merit: 17

Quote from: crypto-bit on April 18, 2018, 08:25:51 AM

I just wondering why some people don't use paper wallet to secure their bitcoin, Some of them are just putting to the exchanger and trust their funds that no assurance of safety.I don't understand why they did not use the most secure way to keep their bitcoins.

Any Thoughts?

Maybe because they dont want to print the paper wallet ? You can lose your paper wallet if you not careful.
Some peoples decide to leave their coins on exchanges because usually exchange using cold wallet to secure the exchange coins.

orarider

sr. member

Activity: 575

Merit: 250

Amongst the current types of digital money archives, it can be said that the wallet used to store Bitcoin is also called extremely secure and secure. Although its durability is not good compared to other wallets, it is still heavily influenced by many communities. A bitcoin wallet is a normal paper, but it stores a copy of the public key and the private key, which makes it a cool wallet.

jpnl0002

member

Activity: 308

Merit: 10

I think they feel its safer that way or the security is better even the exchange is not even safe you can split them to keep them safe .The wallet to use is the offline paper wallet and it features.I always opt for the offline paper wallet its my best

tanjilrifat

newbie

Activity: 154

Merit: 0

I have heard that many people keep money in projects to earn money, because they are misled, as if it is a purse. I also heard that people keep on the exchange, where they buy bitcoin, etc.

Tranghoangvani

newbie

Activity: 80

Merit: 0

There are many types of wallets in bitcoin and paper wallets are one of them. But the wallet helps make things simpler

romeo111

full member

Activity: 378

Merit: 100

I did exchange bitcoin but not use paper wallet because i think using wallet in exchange we can do bitcoin trade with the normal wallet with the paper wallet.

TmottaDing

member

Activity: 234

Merit: 10

They are safe, but you need to understand how to create them first and to do not make any mistakes while you are using them /transfering all of your entire balance to there.
For me, it is risky and i prefer to use hardware wallets, at least, for my own safety

_bitcoin_papa_

newbie

Activity: 102

Merit: 0

I think that people do not keep their bitcoins on a paper purse because they do not understand how to do it. The second reason why people do not use a paper wallet is most likely because of fear of losing it.

Tan_avia)vl.

member

Activity: 210

Merit: 10

https://eloncity.io/

In my opinion, this is not the safest way. It is much safer to split into a lot of small purses and put on each very complex system of protection, or trade them in the market, which is the most advantageous option than a paper purse.

rosemary4u

jr. member

Activity: 392

Merit: 1

Paper wallets are not 100% secure and reliable, one can easily lose access to the wallet through several means especially during fire outbreaks and other disasters. I prefer hardware wallets and application based wallets any day.

code

sr. member

Activity: 536

Merit: 251

believe me, there are more absurd actions of many investors, of which 90%. I have heard that many people keep money in projects to earn money, because they are misled, as if it is a purse. I also heard that people keep on the exchange, where they buy bitcoin, etc.I no longer wonder. Just don't think about it. People have to go through their experience to understand how to do the right thing. Otherwise people will not understand

PhucS

sr. member

Activity: 742

Merit: 250

I know the paper wallet is a very secure Bitcoin storage method, which can help the user avoid hacker attacks because the private key is not stored online. However, besides its advantages, it also has many inconveniences. If you regularly use Bitcoin to trade, I think paper wallets do not suit you. Another problem is that when you lose paper wallet, you will not be able to restore the wallet as some hard Trezor wallets or Nano S Ledger. This is just my opinion

sumanto

full member

Activity: 462

Merit: 100

it seems that bitcoin will not be used for the use of paper purses because bitcoin is a digital currency that can only be done in the digital world can never be implemented in the form of paper wallets.

Topic: Bitcoin Paper Wallet (Read 678 times)