Paper Wallet is very cheap and easy to make
No it's not. Downloading a live Linux DVD, searching for a DVD burner, finding out how to boot from it, buying a printer with cable, getting your printer drivers to work without going online..... None of it is easy if you don't take shortcuts like printing from an online computer to a WiFi printer. 
Topic: Paper wallet for BTC used to be the best - page 2. (Read 431 times)
Paper wallet is store phrase offline by default, but it is very risky to literally mean "paper wallet" using paper media. You should consider other media that are more resistant to damage.
To be honest, I'm not really sure about this method anymore when imagining the surroundings, OP you should think about this too.
To be honest, I'm not really sure about this method anymore when imagining the surroundings, OP you should think about this too.
The risk for damage is indeed very large and it also depends on how to save it properly for a vulnerable paper.
Currently, instead of using paper, it is better to use stainless steel plates which are stronger and resistant to corrosion. But to do the printing of phrases must be done correctly and with a special tool to print on strong iron.
https://cryptolisty.com/hardware-wallets/best-crypto-metal-plates-for-recovery-seed-key-and-wallet-backups/
Paper wallets taken literally are bad because paper is easily destroyed. If you want a similar thing, use a steel wallet. It costs less than $100 and is reusable. You can put your seed in there and screw the wallet to save it. The wallet should withstand water and fire damage.
There are also wallets that you engrave or stamp.
There are also wallets that you engrave or stamp.
You are correct that paper wallets can be easily destroyed. Physical wallets made of steel or other durable materials can be a good alternative to paper wallets. These types of wallets, also known as "cold wallets," provide added protection against fire and water damage.
Another alternative is to use a hardware wallet. Although they can be more expensive than paper or steel wallets, but they are generally considered to be the most secure way to store cryptocurrency offline. For under $100 I'd rather go for a hardware wallet than anything else.
Between paper wallet and hardware wallet which one is more superior than the other for Bitcoin? What matters the most to me is keeping your Bitcoin keys offline and which one is best practice for this? Years back paper wallet triumph over everything until hardware wallet came and every advice on the forum now is get a hardware wallet.
Which paper wallet generator still functions today? Also is there any risk using paper wallet apart from keeping the phrase offline?
Paper wallets can easily be destroyed, lost, and be mistaken for regular paper with a bunch of codes on it. I literally lost a couple hundred dollars worth of bitcoin from using paper wallets because I forgot to take my wallet out when I went to do my laundry. Hardware wallets do not have this problem because of their relative bulk and the fact that some of them are made of weapons-grade metal alloy. I still think of using paper wallet every now and then because after all it is much more convenient and cheap, you literally only have to tear a piece of paper or maybe print stuff out and you're good to go. At the end of the day it is all a subject of preference, and I guess I can vouch for everyone when we say that hardware wallets are just objectively better in every way. Which paper wallet generator still functions today? Also is there any risk using paper wallet apart from keeping the phrase offline?
Paper wallets taken literally are bad because paper is easily destroyed. If you want a similar thing, use a steel wallet. It costs less than $100 and is reusable. You can put your seed in there and screw the wallet to save it. The wallet should withstand water and fire damage.
There are also wallets that you engrave or stamp.
Personally, I use a ledger hardware wallet. I have it since 2019 and it works well.
I also have electrum desktop wallet that I use for fast payments and holding smaller amounts of btc (below 0.1). I feel that it's safe enough for such small amounts.
There are also wallets that you engrave or stamp.
Personally, I use a ledger hardware wallet. I have it since 2019 and it works well.
I also have electrum desktop wallet that I use for fast payments and holding smaller amounts of btc (below 0.1). I feel that it's safe enough for such small amounts.
When you create your wallets, do it offline.
Being offline at the time wallet creation isn't enough. With disconnecting your device from internet when creating the wallet, you don't really increase your security.
If you want your wallet to be secure, you should create on an air-gapped device. This means that you should create your wallet on a device which has been always offline and will be never online.
You can create a paper wallet generator yourself and use it offline. It's just a javascript code. Then just save the keys and you're good to go. Don't use third party services for this.
Don't use websites or services that tell you to have paper wallet services for everyone. They can have backdoors on their websites and they can have your private keys or seeds while you're creating your wallets.
Use high quality and trusted wallet softwares like Bitcoin Core, Electrum wallets.
Download them, verify their PGP signatures. If you verify successfully, you can continue to use downloaded softwares and generate your wallets.
When you create your wallets, do it offline.
After that, make your backups on paper and you will have your own paper wallet. It is very safer than using website-based paper wallets.
Verify your downloads
[GUIDE] How to Safely Download and Verify Electrum
BitcoinCore.org
Use high quality and trusted wallet softwares like Bitcoin Core, Electrum wallets.
Download them, verify their PGP signatures. If you verify successfully, you can continue to use downloaded softwares and generate your wallets.
When you create your wallets, do it offline.
After that, make your backups on paper and you will have your own paper wallet. It is very safer than using website-based paper wallets.
Verify your downloads
[GUIDE] How to Safely Download and Verify Electrum
BitcoinCore.org
Between paper wallet and hardware wallet which one is more superior than the other for Bitcoin?
For vast majority of people hardware wallet is the way to go because beside hardware wallet being more convenient for use, its not so easy to properly make a paper wallet, without messing up one of the steps and that could have dire consequence. So not sure what paper wallet generator that still functions as of today because there could be malicious attackers as well.
Take note that for generating a paper wallet, you don't have to use such services. Any tool that can generate a private key offline can be used for generating a paper wallet. For example, you can run electrum on an air-gapped device, create a wallet and write down (or print using a safe printer machine) the seed phrase or each of the private keys on a paper. That can work as a secure paper wallet perfectly.
OP you are wrong, hardware wallet is the best for newbies as it's easier to handle in terms of security than paper wallet, the main problem is how to generate that paper wallet safely without messing anything up, it's not that easy like a hardware wallet.
The best crypto wallet right now is hardware wallet, it is the most recommendable for crypto newbies and old crypto users without worrying about any damages, paper wallet is not reliable because it's vulnerable to natural disasters. Even inks do fade as time goes by.
The best crypto wallet right now is hardware wallet, it is the most recommendable for crypto newbies and old crypto users without worrying about any damages, paper wallet is not reliable because it's vulnerable to natural disasters. Even inks do fade as time goes by.
OP is correct, paper wallets used to be the top choice until hardware wallets came along, and obviously, hardware wallets are the best and a lot more convenient these days.
As for the preservation of the seed phrase, each person will have a different way of preserving it, if you keep the seed phrase of the hardware wallet on paper, it will not be possible to avoid the risks as you said. This means it's up to you, don't blame paper wallets in this case.
If comparing a custodial wallet with a non-custodial wallet, a non-custodial wallet will be the safest, compared to a hot wallet and a cold wallet, a cold wallet will be the safest.
Paper wallet is store phrase offline by default, but it is very risky to literally mean "paper wallet" using paper media. You should consider other media that are more resistant to damage.
To be honest, I'm not really sure about this method anymore when imagining the surroundings, OP you should think about this too.
To be honest, I'm not really sure about this method anymore when imagining the surroundings, OP you should think about this too.
Both paper wallets and hardware wallets have their own advantages and disadvantages when it comes to storing Bitcoin. Paper wallets are considered to be one of the most secure ways to store Bitcoins, because they can be stored offline and require no internet connection. On the other hand, hardware wallets are more expensive than paper wallets but also offer additional features such as a built-in screen, the ability to make transactions and are easy to use. The choice between the two ultimately depends on the user's specific needs and preferences.
Between paper wallet and hardware wallet which one is more superior than the other for Bitcoin? What matters the most to me is keeping your Bitcoin keys offline and which one is best practice for this? Years back paper wallet triumph over everything until hardware wallet came and every advice on the forum now is get a hardware wallet.
Which paper wallet generator still functions today? Also is there any risk using paper wallet apart from keeping the phrase offline?
I personally have more trust and confidence in hardware wallets to store my Bitcoin assets.Which paper wallet generator still functions today? Also is there any risk using paper wallet apart from keeping the phrase offline?
I think hardware wallets are more secure and can guarantee because they have better and more advanced networking features than paper wallets.
I have never experienced any problems whatsoever in storing my bitcoin assets.
However, the beliefs and beliefs of each person will be different and certainly have different opinions.
That's why I say from experience that I have lived myself.
Between paper wallet and hardware wallet which one is more superior than the other for Bitcoin? What matters the most to me is keeping your Bitcoin keys offline and which one is best practice for this? Years back paper wallet triumph over everything until hardware wallet came and every advice on the forum now is get a hardware wallet.
Which paper wallet generator still functions today? Also is there any risk using paper wallet apart from keeping the phrase offline?
Which paper wallet generator still functions today? Also is there any risk using paper wallet apart from keeping the phrase offline?
You can read this: Vulnerability discovered on bitcoinpaperwallet[.]com - DO NOT USE IT, and this thread that I created before, Disclosure: Key generation vulnerability found on WalletGenerator.net.
So not sure what paper wallet generator that still functions as of today because there could be malicious attackers as well.
I guess for newbies, paper wallet are not recommended in my opinion.
OP you are wrong, hardware wallet is the best for newbies as it's easier to handle in terms of security than paper wallet, the main problem is how to generate that paper wallet safely without messing anything up, it's not that easy like a hardware wallet.
The best crypto wallet right now is hardware wallet, it is the most recommendable for crypto newbies and old crypto users without worrying about any damages, paper wallet is not reliable because it's vulnerable to natural disasters. Even inks do fade as time goes by.
The best crypto wallet right now is hardware wallet, it is the most recommendable for crypto newbies and old crypto users without worrying about any damages, paper wallet is not reliable because it's vulnerable to natural disasters. Even inks do fade as time goes by.
There is a high chance, believe me. Also, the ink on paper can easily fade away over time. What's the last time you wrote down something on the paper and lost it? No, paper is not a safe option!
Better to use hard wallet!
I have written down countless things I didn't want to lose and haven't lost any as yet. Also ink doesn't degrade as quickly as it is touted to be; Get a good ink pen and a note pad, write down what you wish to store and keep it in a secure location where it cannot be easily touched by water or accessed by people you don't want reading it.Better to use hard wallet!
For a natural disaster, having more than one secure location provides a safe backup as a contingency plan.
Why would you have to change the address for every transaction when you can simply send bitcoin to the same one? I am doing the same thing with my Ledger, sending bitcoin to the same address for a long term hodl.
Maybe as a security action, since the public key would be publicly visible after the transaction.
Well, both methods have their advantages and disadvantages....
I use both methods to take advance of the strengths of both options to store my coins. I know how to make a "safe" Paper wallet.... so I use that option for long-term storage (make several copies & store copies in different geographical locations) and it is very cheap to do this.
I use hardware wallet for coins that I frequently use, because the hardware wallets are more accessible for coins that you frequently use. You can also store different coins on the same wallet... which is a bonus.
I use both methods to take advance of the strengths of both options to store my coins. I know how to make a "safe" Paper wallet.... so I use that option for long-term storage (make several copies & store copies in different geographical locations) and it is very cheap to do this.
I use hardware wallet for coins that I frequently use, because the hardware wallets are more accessible for coins that you frequently use. You can also store different coins on the same wallet... which is a bonus.
One wonders what someone has been doing on the forum for more than a year and a half when they ask beginner's questions like this, which have been asked dozens of times along the way.
I guess we have established that some larger amounts should not be trusted to any hardware wallet or hot desktop/mobile wallet, and that a paper wallet has its own risks when it comes to creating the same, but also storing it. In addition to all the risks involved in creating and keeping such a wallet, many are not even aware of how to actually spend funds from their paper wallet in the correct way - and this can lead to the loss of BTC.
Namely, when they want to spend their BTC, users import their private keys into the newly created wallet, make a transaction and delete the wallet without even taking into account the fact that part of the unspent coins goes to a change address that they no longer have access to. A much safer way is to simply sweep private keys in wallet, which sends all BTC to the newly created address, for which you then have a backup in the form of a seed.
I guess we have established that some larger amounts should not be trusted to any hardware wallet or hot desktop/mobile wallet, and that a paper wallet has its own risks when it comes to creating the same, but also storing it. In addition to all the risks involved in creating and keeping such a wallet, many are not even aware of how to actually spend funds from their paper wallet in the correct way - and this can lead to the loss of BTC.
Namely, when they want to spend their BTC, users import their private keys into the newly created wallet, make a transaction and delete the wallet without even taking into account the fact that part of the unspent coins goes to a change address that they no longer have access to. A much safer way is to simply sweep private keys in wallet, which sends all BTC to the newly created address, for which you then have a backup in the form of a seed.
The issue is that it can not be used more then one time, since the change address will usually not be part of the paper wallet. So fo every transaction you will need a new paper wallet that is not compromised.
Why would you have to change the address for every transaction when you can simply send bitcoin to the same one? I am doing the same thing with my Ledger, sending bitcoin to the same address for a long term hodl. Jump to: