Paper Wallets | Bitcointalksearch.org

Pursuer

legendary

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Quote from: bitcoineverything on May 26, 2016, 08:51:06 PM

Paper wallet is more safe than other types of wallet. It is because you are the only one who knows where you keep it. You can keep it inside a book and put it inside a vault or whichever way you want. Unlike online wallets, remember that they have employees with them. If those people are bad they could steal your bitcoin.

that is not why they are safe at all!
paper wallets are safer because there is no internet connection that can reach paper! so none of the common ways of stealing bitcoin (like hacking) works for it.

and also paper wallets are only safe if you have created them correctly. which means you have to generate the wallet (private keys) with the right code and on a clean computer which has always been offline.

notlist3d

legendary

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Quote from: bitcoineverything on May 26, 2016, 08:51:06 PM

Paper wallet is more safe than other types of wallet. It is because you are the only one who knows where you keep it. You can keep it inside a book and put it inside a vault or whichever way you want. Unlike online wallets, remember that they have employees with them. If those people are bad they could steal your bitcoin.

Paper wallets you have to create it in a safe environment, and if used has to be safe to. So risky to import your wallet onto a computer as it really gets rid of the offline security you had.

There are hardware wallets like Trezor that you could use and even if on a compromised system should not lose BTC. This is due to signing being on the hardware device. So paper wallets are great for longterm storage. I just see using the paper wallet as kinda the weakness.

bitcoineverything

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Paper wallet is more safe than other types of wallet. It is because you are the only one who knows where you keep it. You can keep it inside a book and put it inside a vault or whichever way you want. Unlike online wallets, remember that they have employees with them. If those people are bad they could steal your bitcoin.

xIIImaL

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Quote from: wintermeasures on May 26, 2016, 06:31:51 AM

Quote from: LiberOptions on February 11, 2016, 01:27:44 PM

Are paper wallets really secure?
I want to hold some BTC and I want o secure the best way I can.
Besides paper wallets what other options do I have?

I think its secure than other forms of bitcoin wallet. In other options you can use online wallet from blockchains.info maybe, because they were reliable and safe course. thank you

Bro online wallets are normally not safe even Blockchain also same in that category! Yesterday when i searched in google for Blockchain I have found site address called biockchains.info Which is have same kind of page layout, design and everything. Please be careful about that.

merelcoin

hero member

Activity: 675

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Quote from: wintermeasures on May 26, 2016, 06:31:51 AM

Quote from: LiberOptions on February 11, 2016, 01:27:44 PM

Are paper wallets really secure?
I want to hold some BTC and I want o secure the best way I can.
Besides paper wallets what other options do I have?

I think its secure than other forms of bitcoin wallet. In other options you can use online wallet from blockchains.info maybe, because they were reliable and safe course. thank you

I would never advise somebody to use online wallets... When using these you're not in charge of your private key, so you're not in charge of your coins. Also, you open yourself up to all kinds of attacks, be it phising, keylogging,...
A paper wallet is a pretty good way of securing your assets, but you do have to be carefull how you handle these paper wallets. This forum has plenty examples on how to deal with them.

wintermeasures

sr. member

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Quote from: LiberOptions on February 11, 2016, 01:27:44 PM

Are paper wallets really secure?
I want to hold some BTC and I want o secure the best way I can.
Besides paper wallets what other options do I have?

I think its secure than other forms of bitcoin wallet. In other options you can use online wallet from blockchains.info maybe, because they were reliable and safe course. thank you

merelcoin

hero member

Activity: 675

Merit: 504

Quote from: BitcoinSupremo on April 21, 2016, 04:53:45 AM

Why going all the extra steps, when a hardware wallet like Ledger Nano HW1 costs only 20 USD , if you have large amount of Bitcoins you should definitely get a hardware wallet, as far as I know they are the most secured one.

I like paper wallets over HW wallets because i can store a couple of copys in different places (only with people/places i trust + with BIP38 encryption).
With a HW wallet, you can do the same for the seed, but it's harder to encrypt a couple of seed words, and if you do, you're basically making a "paper wallet" (eventough it's not a wallet, but a paper copy of the seed words).

Also, with paper wallets, you can make several, but if you have to buy several HW wallets, it might actually be pretty expensive.

I might be missing something here, but those are my 2 main reasons for sticking with paper wallets (eventough i might eventually buy a HW wallet to keep some "spending coins" safe... Keep my main stash on paper wallets, and keep my pocket change on the HW wallet)

BitcoinSupremo

copper member

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Why going all the extra steps, when a hardware wallet like Ledger Nano HW1 costs only 20 USD , if you have large amount of Bitcoins you should definitely get a hardware wallet, as far as I know they are the most secured one.

aprilio

full member

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paper wallet is key
so be carefull dont share key

Kprawn

legendary

Activity: 1904

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Quote from: merelcoin on April 20, 2016, 12:33:42 AM

Just a couple of answers/corrections to the last couple of posts:

1) it doesn't help storing your private key and address on two different places. All you need is the private key!!! The address isn't needed for spending bitcoins, if somebody imports the private key (and has never seen the address), he immediately knows the address and can spend all your coins. If you're completely paranoid, you might split the private key in different parts, store the parts in 3 banks, but make sure a combination of 2 banks always give you the complete private key (it's to early in the morning for the mathematical explanation).

2) it isn't needed to destroy the printer... Just make sure you connect the printer directly to your offline computer, and make sure it isn't connected to the network... Reboot the printer afterwards, if you're really paranoid: send a couple really big printing jobs to the printer afterwards and re-reboot and you're completely fine

You can store a private key, in a way that it's not recognisable to the average person. If you break it up in different sections and hide it in a book or some other item, the average Joe will not know

what it is. If you put something valuable inside the box, like a gold coin.. someone will rather steal that and leave the paper work. There are many ways to store these private keys, without anyone

knowing what they looking at. Wink

merelcoin

hero member

Activity: 675

Merit: 504

Just a couple of answers/corrections to the last couple of posts:

1) it doesn't help storing your private key and address on two different places. All you need is the private key!!! The address isn't needed for spending bitcoins, if somebody imports the private key (and has never seen the address), he immediately knows the address and can spend all your coins. If you're completely paranoid, you might split the private key in different parts, store the parts in 3 banks, but make sure a combination of 2 banks always give you the complete private key (it's to early in the morning for the mathematical explanation).

2) it isn't needed to destroy the printer... Just make sure you connect the printer directly to your offline computer, and make sure it isn't connected to the network... Reboot the printer afterwards, if you're really paranoid: send a couple really big printing jobs to the printer afterwards and re-reboot and you're completely fine

btccashacc

legendary

Activity: 1120

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make sure to keep your paper wallet safe, save it on brankas or other safest place as like as your keep your fiat money or other important document, i personally save my paper wallet on those place
goodluck

Hugroll

hero member

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paper wallets are extra secure. only way someone can hack your paper wallet would be if they somehow see what your printer prints or if they get their hands on your paper wallet in real life, other than that there are no worries with a paper wallet.

r1cochet

newbie

Activity: 26

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Quote from: merelcoin on April 19, 2016, 04:54:14 AM

Many good tips already... So here's mine:

When i first started playing with paper wallets, i made a couple testnet paper wallets, loaded them with testnet coins and sweeped them with the testnet android wallet... Just to learn the basics on how to generate, print, store, encrypt, decrypt, sweep,... them. This way, chances of losing coins because you're still learning are slimmer.

This is really good advice, been a bit wary of making paper wallets in case I f*ck up and lose all my bitcoin

One quick question tho, I've heard that some models of printers store documents in their own memory. Do you think it's worth buying a cheap printer and then destroying it after the wallets are printed or is that tin foil level crazy?

notlist3d

legendary

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Quote from: Kprawn on April 19, 2016, 02:25:21 PM

Quote from: notlist3d on April 19, 2016, 01:44:02 PM

Quote from: avw1982 on April 19, 2016, 01:27:53 PM

Quote from: Mumbeeptind1963 on April 19, 2016, 04:47:36 AM

Oh ? What is Paper Wallet! ? How to use that? How to Create that wallet?

Paper wallet is bitcoin wallet where you can hold your bitcoins with private keys of your wallet and only visible with public key and QR Code for scan your wallet at any time and have bitcoins.

Also store paper wallets in some place safe. I really like safety deposit box at bank, as you have bank level security. I was talking to my local one they offered the very smallest one for like 16 bucks a year. So crazy good price due to it being very small. But that is all you need for a paper wallet.

I highly suggest others look at local banks even for storage for a copy.

I do not go for a single deposit box option. Store the Bitcoin address and the private keys in two separate banks for instance {which might sound like it is overkill} but what will happen if Bitcoin goes

mainstream and your single Bitcoin is worth $ 1 000 000? The $16 per year, is a small investment, if you consider that those Bitcoin might be valued at a much higher price in the future. If a box gets

compromised, the people cannot do anything, if the address cannot be matched to the private key. Grin

Splitting it between 2 is not a bad idea, I think it's going to be overkill for most though. But if you have a lot stored in cold wallet it does make sense.

I don't go for the 1 million number. There is a entire thread about that. If we even hit 10,000 I would consider huge win. Heck 1k short term would be nice even. But with amount of bitcoin out there, and that will be generated 1 million will never happen even if we get mass adoption.

Kprawn

legendary

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Quote from: notlist3d on April 19, 2016, 01:44:02 PM

Quote from: avw1982 on April 19, 2016, 01:27:53 PM

Quote from: Mumbeeptind1963 on April 19, 2016, 04:47:36 AM

Oh ? What is Paper Wallet! ? How to use that? How to Create that wallet?

Paper wallet is bitcoin wallet where you can hold your bitcoins with private keys of your wallet and only visible with public key and QR Code for scan your wallet at any time and have bitcoins.

Also store paper wallets in some place safe. I really like safety deposit box at bank, as you have bank level security. I was talking to my local one they offered the very smallest one for like 16 bucks a year. So crazy good price due to it being very small. But that is all you need for a paper wallet.

I highly suggest others look at local banks even for storage for a copy.

I do not go for a single deposit box option. Store the Bitcoin address and the private keys in two separate banks for instance {which might sound like it is overkill} but what will happen if Bitcoin goes

mainstream and your single Bitcoin is worth $ 1 000 000? The $16 per year, is a small investment, if you consider that those Bitcoin might be valued at a much higher price in the future. If a box gets

compromised, the people cannot do anything, if the address cannot be matched to the private key. Grin

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: avw1982 on April 19, 2016, 01:27:53 PM

Quote from: Mumbeeptind1963 on April 19, 2016, 04:47:36 AM

Oh ? What is Paper Wallet! ? How to use that? How to Create that wallet?

Paper wallet is bitcoin wallet where you can hold your bitcoins with private keys of your wallet and only visible with public key and QR Code for scan your wallet at any time and have bitcoins.

Also store paper wallets in some place safe. I really like safety deposit box at bank, as you have bank level security. I was talking to my local one they offered the very smallest one for like 16 bucks a year. So crazy good price due to it being very small. But that is all you need for a paper wallet.

I highly suggest others look at local banks even for storage for a copy.

avw1982

hero member

Activity: 644

Merit: 500

Quote from: Mumbeeptind1963 on April 19, 2016, 04:47:36 AM

Oh ? What is Paper Wallet! ? How to use that? How to Create that wallet?

Paper wallet is bitcoin wallet where you can hold your bitcoins with private keys of your wallet and only visible with public key and QR Code for scan your wallet at any time and have bitcoins.

merelcoin

hero member

Activity: 675

Merit: 504

Many good tips already... So here's mine:

When i first started playing with paper wallets, i made a couple testnet paper wallets, loaded them with testnet coins and sweeped them with the testnet android wallet... Just to learn the basics on how to generate, print, store, encrypt, decrypt, sweep,... them. This way, chances of losing coins because you're still learning are slimmer.

If after playing with testnet paper wallets, you're still not completely sure about what you're doing, create a dogecoin paper wallet, load them with a small ammount of funds (freedoge.co.in gives you a couple dozen of coins in a couple of hours, so it's pretty "easy" to play with those)... This might be necessary because the bitcoin testnet isn't 100% stable, in my opninion the android clients don't always sync properly,...

The rest of the tips were fine
- download the sourcecode
- run it on an airgapped pc, maybe even in a live OS (live linux distro, nothing left behind on your PC after rebooting)
- print on a local printer
- use BIP38 encryption
- laminate
- store at 2 different, safe, locations

OR use a HW wallet

Mumbeeptind1963

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Oh ? What is Paper Wallet! ? How to use that? How to Create that wallet?

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