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Topic: Would you use a paper wallet to store your CryptoCurrencies? - page 2. (Read 528 times)

legendary
Activity: 3654
Merit: 1165
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You do realize that paper wallets have been a thing for the past 10 years right? People have used paper wallets for a very long time and if you google bitcoin paper wallet you could find results dating as further back as early years of bitcoin itself.

So, the question of "would you use a paper wallet" has been answered, people do not use it too much, if they wanted to they have a chance to do it already, so it is not a new idea that would suddenly get a lot more attention from people if presented to them, it is already an existing option if they want to use yet almost all of the investors of crypto ignores.

Hence I think the answer is no, they wouldn't use it. In any case if you want to start something like that in a wave, I would say go for it, maybe you would be the one who could change it.
sr. member
Activity: 1372
Merit: 322
I see none of title and the article to have the same purpose. It seems you are trying to shill, may be?
Anyway, for long term holder, Paper wallet is the best in my opinion as it is safe from being hacked, malware affected or getting destroyed etc unless it gets burned or lost. However, one must generate paper wallet in a proper way if they want to be secure.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
I would definitely consider a paper wallet use, but not in the same sense here. First of all, I would never trust an issuer even if the codes are written beneath the scratch surface,,, how do I know someone who created it in the factory does not have a copy of it?

Making your own paper wallets are secure I agree but buying them,,, I would never agree.
hero member
Activity: 938
Merit: 501
of course no, crypto currency is not about paper )) I think the best wallet is ledger NANO, only it have good secure
I have also seen a few cases of NANO wallet being hacked before, so I don't think it's really secure. Paper wallets are the safest option if you keep them safe and no one can touch them
copper member
Activity: 26
Merit: 0
I appreciate all the dialog guys.  Definitely helps me understand the perspective on security.   Grin

I'd like to also understand how many people use or might use a paper wallet because they have limited access to computers or internet.  I know this question may be difficult to answer because we're using mobile and computers now and fairly widely prevalent.  In some countries I believe it must be more difficult.  If people want to participate in crypto they buy on exchanges or have others buy and send to paper wallet.  In my case I used a desktop wallet to term deposit to my paper wallet then shut that computer down.

Are there any studies out there that show access to computers and internet in other countries?  Am I off base?  I guess what I'm getting at is, if I'm correct in assuming access to computers and internet is limited in some areas, would that allow more crypto participation because of a paper wallet?  We know they would have to use a mobile or computer to buy crypto / process it, or be given it.  But maybe that's just something temporary they can use?
member
Activity: 266
Merit: 11
Paper wallet is more safer because hackers tools works online or through the internet, since paper wallets remains offline means they are lot safer than mobile wallets that are always online or connected to the internet
member
Activity: 700
Merit: 12
of course no, crypto currency is not about paper )) I think the best wallet is ledger NANO, only it have good secure
hero member
Activity: 2870
Merit: 594
Regarding walletgenerator though, Disclosure: Key generation vulnerability found on WalletGenerator.net—potentially malicious.

Of course I will still used paper wallet, but you have to understand that there is risk as well; there are hackers that can easily breach printers, and it by chance you print your private keys, hackers could get it as well. You need to back up your private keys, so cannot just write it on a simple paper and simply hide it. You should understand how to secure them and how to hide so that it won't be destroyed. I think the best option is to get some safety deposit box in a bank not just one but at least you should have a back up of it spread across.
member
Activity: 546
Merit: 11
May i know on to where this thread created. It's kind of promotion, brainstorming or discussion thread? Paper wallet is mainstream. For anti mainstream, i will suggest to :
1. Write it in stone
2. Write it in woods
3. Stainless steel
4. Write on paper and do laminating.
5. Tattooed it on your most hidden body. Only your spouse, children can knowing it.



4. Write on paper and do laminating.
This is my choice for storing bitcoin, although I coded the seed phrase a little bit, just in case.
member
Activity: 238
Merit: 10
I believe that you must extra careful when it comes to storing your crypto currency. Although paper wallets are a bit safe you are still susceptible to phishing attacks .

I would recommend to get a hardware wallet for 100$ . You can't be too careful when it comes to storing your crypto.
If I may ask mate, while using hardware wallet you don't need to safe guard your private keys or you still need to? All wallets either paper or app or hardware still have a recovery seed or private keys to share with users, meaning anything can happen if you misplace your key
hero member
Activity: 1005
Merit: 502
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I believe that you must extra careful when it comes to storing your crypto currency. Although paper wallets are a bit safe you are still susceptible to phishing attacks .

I would recommend to get a hardware wallet for 100$ . You can't be too careful when it comes to storing your crypto.
legendary
Activity: 3668
Merit: 6382
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Paper wallets are a very good way to store crypto for long time.

But most don't understand that's not easy to properly generate, in a safe manner the paper wallet. Only going offline for the seconds/minutes the wallet is generated is not enough.
Then most don't see that paper wallet is just a pair - private key + address - that can be printed on any piece of paper, doesn't have to be pretty.

Then people don't see that it's as easy to generate a seed, which is easier to store since it's English words. (Just maybe not altcoins have HD wallets.)

And at the end please don't give your private key to others so they can engrave it onto whatever. If they get your key, they can spend your funds - current or future - from that address.
Safe keeping doesn't have to be in steel or stone. Paper does the job very well as long as you keep it in multiple places.


TL;DR; Hand written papers with the (safely generated) seed, kept in multiple geographical places is usually a good way of HODLing. No need for fancy stuff.
full member
Activity: 1064
Merit: 101
Its the second safest option right after the hardware wallet I suppose, so I should definitely use it instead of hot wallets. Most of my bags are on the hardware one, but some of the currencies are not supported there, so I tend to lock those behind trusted hot wallets, solely because they are more convenient than a paper wallets, but with that you expose  yourself to a certain degree of risk.
newbie
Activity: 93
Merit: 0
For what i need paper wallet? I believe in non-costudy solutions like ownr wallet, exodus, ownr, etc. If i will really want more secure solution then i will use hardware ones
full member
Activity: 1148
Merit: 116
Whether paper wallet or mobile Wallet they both carry same risk, all you have to do is keep your private key safe, if your private key leaked while using paper wallet or mobile Wallet you will lost your coins
full member
Activity: 449
Merit: 103
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I just want to know what people think about them.  Do they use paper wallets now?  I'll bet the majority of people do not.  I think they use wallets on mobile devices primarily or exchanges.  I could be wrong.
It might because when creating a paper wallet is a very crucial thing, there's a step on how to create a paper wallet in a safe way. If you don't know how to create this paper wallet it might wipe out all your Bitcoin stored. Some reason, Bitcoin holders prefer to use hardware wallets like Trezor and Ledger because this is ready to use and store all your crypto.

Yes, I still use the Bitcoin wallet on the device and that custodial wallet but there is no problem if you don't store for long term purposes. I think it is also good if you include how to create a pepper wallet. See this reference, it has a good content. https://news.bitcoin.com/how-to-set-up-bitcoin-paper-wallet/.
You're right. If we don't know for sure how to create and secure our paper wallet, it can be a great risk! Therefore, majority of traders choose to use mobile wallets or exchanges. The reason is that this method has a higher security than paper wallet, even though it still has the risk of being hacked (which is not likely to happen). However, I think the risk is not high if we don't intend to store our capital for too long!
legendary
Activity: 1820
Merit: 1207
I just want to know what people think about them.  Do they use paper wallets now?  I'll bet the majority of people do not.  I think they use wallets on mobile devices primarily or exchanges.  I could be wrong.
Yes, majority are not use paper wallet... most of them prefer to use hardware and web wallet (even this is an old survey and only 339 holders take a part)


source

With so many mobile devices in the world I have several questions regarding the usage of paper wallets or why they are not used more.  So, for now we will end this article with a simple question of using a paper wallet.  My header image of the paper wallet came from: https://walletgenerator.net/
walletgenerator.net is not safe to generate paper wallet because there has been vulnerability found in the past [1] I suggest to use bitaddress.org [2] and run it offline.


[1] https://bitcointalksearch.org/topic/disclosure-key-generation-vulnerability-found-on-walletgeneratornet-potentiall-5146965
[2] https://bitcoin.stackexchange.com/questions/22115/how-to-download-bitaddress-org-to-use-offline
legendary
Activity: 2492
Merit: 1232
I just want to know what people think about them.  Do they use paper wallets now?  I'll bet the majority of people do not.  I think they use wallets on mobile devices primarily or exchanges.  I could be wrong.
It might because when creating a paper wallet is a very crucial thing, there's a step on how to create a paper wallet in a safe way. If you don't know how to create this paper wallet it might wipe out all your Bitcoin stored. Some reason, Bitcoin holders prefer to use hardware wallets like Trezor and Ledger because this is ready to use and store all your crypto.

Yes, I still use the Bitcoin wallet on the device and that custodial wallet but there is no problem if you don't store for long term purposes. I think it is also good if you include how to create a pepper wallet. See this reference, it has a good content. https://news.bitcoin.com/how-to-set-up-bitcoin-paper-wallet/.
legendary
Activity: 2324
Merit: 1604
hmph..

I just want to know what people think about them.  Do they use paper wallets now? 
Store in offline wallet is a must, if you don't have a metal to write down,of course saving crypto in paper wallet is a must. I store my key in some paper and USB disk, so i make this USB as dedicated store for my wallet in case i lost the paper.
copper member
Activity: 26
Merit: 0
It's all of the above.  I'm hoping it can be a discussion.

I just want to know what people think about them.  Do they use paper wallets now?  I'll bet the majority of people do not.  I think they use wallets on mobile devices primarily or exchanges.  I could be wrong.
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