Topic: What is Paper Wallet? - page 2. (Read 549 times)
I still find it more reliable than online wallet or desktop wallet as long as you are connected to the internet. The QR code makes it faster to extract your private key. And unless all people know you have bitcoin they wouldn't bother searching your home to a piece of paper containing your BTC. Have it laminated and put it in a safe like your jewelry or cash. You can even have it in between pages in your library.
BIP-38 encryption hasn't been mentioned in this thread. For your Bitcoin paper wallets (and some other cryptocurrencies) you can use BIP-38 encryption to encrypt the private key that gets printed on the paper wallet. At the time of encryption you pick any password you want. Use a strong password.
Now the printed wallets are safe because others who see it can't do anything with it without your password. You can even safely have the "paper" wallets stored electronically as PDFs, etc.
You can store your password separately from the wallets. Just don't forget the password or you've lost access to the money.
Now the printed wallets are safe because others who see it can't do anything with it without your password. You can even safely have the "paper" wallets stored electronically as PDFs, etc.
You can store your password separately from the wallets. Just don't forget the password or you've lost access to the money.
In the most specific sense, a paper wallet is a document containing all of the data necessary to generate any number of Bitcoin private keys, forming a wallet of keys. However, people often use the term to mean any way of storing bitcoins offline as a physical document.
Source: Bitcoin Wiki
Source: Bitcoin Wiki
Its definitely worth pay for the additiona security and to buy a hard wallet to store BTC.
The OLD nano without a display had to display its master recovery words ON the PC, thus making it an issue whenthe PC is connected to internet.
The Nano S while powered by the PC will do everything on its display for initial setup and won't send anything back to the PC, so it`s more secured.
The OLD nano without a display had to display its master recovery words ON the PC, thus making it an issue whenthe PC is connected to internet.
The Nano S while powered by the PC will do everything on its display for initial setup and won't send anything back to the PC, so it`s more secured.
Method of storing bitcoins offline on a piece of paper that holds
hai the private key và địa chỉ địa chỉ.
A type of cold wallet, used to store offline bitcoins printed on paper. The printed information consists of two parts. One is the public address of the wallet, which is used to let other people see and receive the bitcoin. The rest of you are the secret key used to consume bitcoin.
The strength of a paper purse is that your secret key is not stored anywhere on the internet, absolutely safe from the internet. But if you make the bile or wallet fall into the hands of others, you will permanently lose the bitcoins that are stored in your wallet.
paper wallet is basically an address that can be used to send funds too.On the paper wallet you print out your private and public key. hai the private key và địa chỉ địa chỉ.
A type of cold wallet, used to store offline bitcoins printed on paper. The printed information consists of two parts. One is the public address of the wallet, which is used to let other people see and receive the bitcoin. The rest of you are the secret key used to consume bitcoin.
The strength of a paper purse is that your secret key is not stored anywhere on the internet, absolutely safe from the internet. But if you make the bile or wallet fall into the hands of others, you will permanently lose the bitcoins that are stored in your wallet.
Although I understand the benefits, I feel much more comfortable keeping my crypto on my hardware wallet rather than generating a paper wallet.
I agree. Using the hardware wallet is much more comfortable and much more safe, as you still could get phished using paper wallet.Hardware wallets are still vulnerable to electronic failure {many people reported losing the seed words and devices failing}
Most brand name devices are easily recognisable and are targeted by burglars, who might know about Bitcoin. There are
also Firmware that can be exploited. {BadUSB}
Although I understand the benefits, I feel much more comfortable keeping my crypto on my hardware wallet rather than generating a paper wallet.
I agree. Using the hardware wallet is much more comfortable and much more safe, as you still could get phished using paper wallet. 
The issue i am having with paper wallet is synchronizing. You will not be able see your transaction till synchronizing of the wallet with the internet is achieved. Some time after payment you will still lose your money once the wallet due to one technical error or the other fail to open. This is most of the time the case.
A paper wallet is an offline mechanism for storing Bitcoins. The process involves printing the private keys and Bitcoin addresses onto paper.
Source INVESTOPEDIA
Source INVESTOPEDIA
Paper wallet is like a hard wallet but it's printed in paper with your btc address and private key with qr code in it. so if you're planning to print one then keep it safe that no one can touch or handle it.
Keeping paper wallets safe isn't really the problem. The main problem from my perspective starts forming a threat, when people unaware of what can happen, import their private key(s) into whatever client. For that reason I always recommend people to just keep using a hardware wallet. I have a Trezor and a Nano Ledger S, where I personally prefer the on board recovery capabilities of the Ledger over that what Trezor is offering. I use the Ledger as cold storage solution, and the Trezor more as a safer way of conducting frequent transactions. The only thing that for some people might be an obstacle, is that a hardware wallet requires an initial purchase, where people can freely create a paper wallet at any time of the day if they so wish.
In the most specific sense, a paper wallet is a document containing all of the data necessary to generate any number of Bitcoin private keys, forming a wallet of keys.
Source: Google
Source: Google
Method of storing bitcoins offline on a piece of paper that holds
hai the private key và địa chỉ địa chỉ.
A type of cold wallet, used to store offline bitcoins printed on paper. The printed information consists of two parts. One is the public address of the wallet, which is used to let other people see and receive the bitcoin. The rest of you are the secret key used to consume bitcoin.
The strength of a paper purse is that your secret key is not stored anywhere on the internet, absolutely safe from the internet. But if you make the bile or wallet fall into the hands of others, you will permanently lose the bitcoins that are stored in your wallet.
hai the private key và địa chỉ địa chỉ.
A type of cold wallet, used to store offline bitcoins printed on paper. The printed information consists of two parts. One is the public address of the wallet, which is used to let other people see and receive the bitcoin. The rest of you are the secret key used to consume bitcoin.
The strength of a paper purse is that your secret key is not stored anywhere on the internet, absolutely safe from the internet. But if you make the bile or wallet fall into the hands of others, you will permanently lose the bitcoins that are stored in your wallet.
Yes, I know it. The best way to hide your paper wallet is to keep it in bank. In this case you will be protected more. Some online wallets are often hacked. Here is the video instruction how to make a Bitcoin Paper Wallet: https://www.youtube.com/watch?v=VTsHeiBhPIM
Paper wallet is like a hard wallet but it's printed in paper with your btc address and private key with qr code in it. so if you're planning to print one then keep it safe that no one can touch or handle it.
Method of storing bitcoins offline on a piece of paper that holds
hai the private key và địa chỉ địa chỉ.
A type of cold wallet, used to store offline bitcoins printed on paper. The printed information consists of two parts. One is the public address of the wallet, which is used to let other people see and receive the bitcoin. The rest of you are the secret key used to consume bitcoin.
The strength of a paper purse is that your secret key is not stored anywhere on the internet, absolutely safe from the internet. But if you make the bile or wallet fall into the hands of others, you will permanently lose the bitcoins that are stored in your wallet.
hai the private key và địa chỉ địa chỉ.
A type of cold wallet, used to store offline bitcoins printed on paper. The printed information consists of two parts. One is the public address of the wallet, which is used to let other people see and receive the bitcoin. The rest of you are the secret key used to consume bitcoin.
The strength of a paper purse is that your secret key is not stored anywhere on the internet, absolutely safe from the internet. But if you make the bile or wallet fall into the hands of others, you will permanently lose the bitcoins that are stored in your wallet.
got to bitadresss.org
It's a wallet that is made out of paper.
Well A little knowlage sharing please be informed that you should download it at your cellphone the same time you should download it at your laptop as for the next step print and hide it at your wallet that it can't be fold for future and safety storage.
Sorry too ask I still dont get the difference from hardware wallet vs paper wallet?
I don't get it are saying its not important? Well base on how I know paper wallet you can use it for back up and safety storage for life time.
REMEMBER
1. Paper wallet contaians it all you code and you private key incase you lost evrything.
2. As number 1 for back up reasons.
3. Its safe 100% but the wallet you using is not a bank.
In this thread you made OP is helpful same meaning but dofferent opinion and ways to endorse the paper wallet and its safety and beacause of that it will be 100% explained nicely.
Although I understand the benefits, I feel much more comfortable keeping my crypto on my hardware wallet rather than generating a paper wallet.
Sorry too ask I still dont get the difference from hardware wallet vs paper wallet?
Paper wallet is a paper containing your private key, this is not important, the important thing how do you get this private key, the way you transfer it from somewhere to paper.
I don't get it are saying its not important? Well base on how I know paper wallet you can use it for back up and safety storage for life time.
REMEMBER
1. Paper wallet contaians it all you code and you private key incase you lost evrything.
2. As number 1 for back up reasons.
3. Its safe 100% but the wallet you using is not a bank.
In this thread you made OP is helpful same meaning but dofferent opinion and ways to endorse the paper wallet and its safety and beacause of that it will be 100% explained nicely.
Although I understand the benefits, I feel much more comfortable keeping my crypto on my hardware wallet rather than generating a paper wallet.
I think it's about the same as credit card but the difference is the credit card made with celluloid material while paper wallet is printed on paper and use QR code to access its data.
Before creating a wallet, make the following arrangements:
- A Bitcoin soft wallet already has the amount of coin in it
- Internet connection
- Printer with ink (can be printed black and white)
- Printing paper
- scissors
- Safe place
- Phone smart
- A Bitcoin soft wallet already has the amount of coin in it
- Internet connection
- Printer with ink (can be printed black and white)
- Printing paper
- scissors
- Safe place
- Phone smart
Paper wallet is a paper containing your private key, this is not important, the important thing how do you get this private key, the way you transfer it from somewhere to paper.
Some notes on creating and using Bitcoin paper wallet
- Do not let anyone see your wallet, keep it as carefully as your identification
- Use quality ink but not internet connection
- Application to scan QR must be in good condition, not infected with virus
- Can decal for better preservation
Paper wallet is a private key of a wallet.. - Do not let anyone see your wallet, keep it as carefully as your identification
- Use quality ink but not internet connection
- Application to scan QR must be in good condition, not infected with virus
- Can decal for better preservation
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