Topic: Paper Wallets - page 2. (Read 2214 times)

Can you tell me how to create a paper wallet.

In my point of view, paper wallet is secure enough. Surely the storage have different security but it is safe. But you should still to watchful in any risk if that will happen.

It is very practical, you just have to be organised and remember where you keep your valuables.

paper wallet is one of the safest possible wallets in my opinion as it is not on the computer so no one can steal it

Yes, If you generate the wallet on a machine that does never have access to the internet.

Download the walletgenerator software here https://github.com/MichaelMure/WalletGenerator.net

Put it to a machine without internet connection and generate the wallet. The cool thing that you can generate wallets for the following coins with it (list from the website www.walletgenerator.net):

42coin Acoin Alphacoin Animecoin Anoncoin Apexcoin Auroracoin BBQcoin Bitcoin BitcoinDark Birdcoin Blackcoin BunnyCoin CanadaeCoin CannabisCoin Capricoin CassubianDetk Catcoin Corgicoin CryptoBullion CryptoClub Cryptoescudo Dash DeafDollars Devcoin Digitalcoin Dogecoin DogecoinDark eGulden eKrona Emercoin EnergyCoin Fastcoin Feathercoin Fibre Fluttercoin Freicoin FUDcoin Fuelcoin Fujicoin GabenCoin GlobalBoost Goodcoin GridcoinResearch Gulden Guncoin HamRadioCoin HTML5Coin HyperStake ImperiumCoin IncognitoCoin Influxcoin IridiumCoin iXcoin Judgecoin Jumbucks Latium Litecoin LiteDoge MagicInternetMoney Magicoin Marscoin MarteXcoin MasterDoge Mazacoin Megacoin MobiusCoin MonetaryUnit Monocle MoonCoin Myriadcoin NameCoin Neoscoin Novacoin Nubits Ocupy Omnicoin Onyxcoin Paycoin Pandacoin Pesetacoin PHCoin PhoenixCoin Peercoin Potcoin Primecoin Quark Reddcoin Riecoin Rimbit Rubycoin Sambacoin SibCoin SongCoin SpreadCoin StealthCoin Syscoin Titcoin TittieCoin Topcoin TransferCoin TreasureHuntCoin Unobtanium USDe Vertcoin Viacoin VikingCoin W2Coin WankCoin WeAreSatoshiCoin WorldCoin Zetacoin

Yes can be stolen, or burnt or forgotten, lost between books etc.
Maybe is safest but i wonder how practical really is?

The key thing is if it is done right on un-compromised equipment.  Paper wallet is not 100 percent secure unless done right.  If you overlooked something or had something bad on your computer you might feel safe and think you are... but you are not.

I didn't try paper wallets personally. But according to some world class website's review it it most secured wallet ever.
Both desktop and web based wallet can be hacked but impossible to hack paper wallet.

they are pretty secure as long as you dont give away your private key, i think no one can steal bitcoins from paper wallet

Ok thanks for complete my opinion 

they are not safer than a common usb stick for example, maybe cheaper but that's it, every single thign have a vunlnerability that depend on the user not so much on the method used to store your coins

You may want to create a bunch of paper wallets and just hold on to them for a few years to use them later.  Then you know they are probably secure.

I think the most vulnerable time for paper wallets is when you create them.  Otherwise they're safe.  Just don't lose the public or private keys.

That's what the BIP38 is for. Create a paper wallet encrypted with password and resist bruteforce password cracking.

wow. I did not know this!
I think the way to prevent this (especially for somebody like me who does not own a personal printer at home and has to use a public printer) is to encrypt the private keys that you want to print with a strong password so that the printed letters on the paper will become meaningless to other people unless they have the password.

Also, when you create these paper wallets, make sure you use a printer not connected to the internet. There have been rumors of people accessing the cached content on these printers and gaining sensitive information.

I once made a copy of one of my paper wallets on the office photo copier and we had a incident where we needed to retrieve scanned documents for forensic evidence, and much to my surprise, my paper wallet was also retrieved from the restored documents on the internal hard drive in that photo copier. 

I now create paper wallets completely offline and in duplicate copies to store at different locations.

The risk of getting your coins stolen on your computer is much greater than that of a paper wallet in your house or it being cought in a fire or something.

That aside, if your paper wallet is generated offline on a clean computer it is probably as safe as it gets. No other method such as hardware wallet can create a safer private key (it is just as safe with regards to crackability) if you don't want to use it on a regular basis.

i choose electrum to save guard my coins,and i am pretty happy with it,i use my old lap as a cold storage to secure my coins.

Also be careful what place you consider safe.  Some might look at safe's that truly are not safe.  Here is a interesting video: https://www.youtube.com/watch?v=ApJQ2wcYjBo (this video will scare some that thought they had a good place with some safes).

Basically cheap part's allow some safes to be opened via strong magnet.  And it's not a bad looking safe if you went out and spent 250 or so on a safe you would think it would be stronger then this.... but not all safes are.  I really suggest safty deposit box if your storing a lot of coins.

yeah, you can also laminate that paper in order to preserve it better for longer period of time. but if you are paranoid and want to keep the paper wallet safe from water, fire, acid, ... engrave it on a stainless steel.