Paper Wallet
By JAKE FRANKENFIELD
Reviewed By JULIUS MANSA
Updated Jan 2, 2021
What Is a Paper Wallet?
A paper wallet is an offline mechanism for storing bitcoins. Unlike fiat currency, there is no physical representation of a bitcoin (or most other types of cryptocurrency). Rather, wallets that are used to store digital tokens are usually software programs that help to facilitate updates to the blockchain ledger when transactions are made. Paper wallets are different from so-called hot wallets because they operate separately from the Internet. However, they still do not store physical bitcoins; the paper quality of these wallets refers primarily to the method of access for the cryptocurrency owner.
Paper wallets were primarily popular in the early years of bitcoin. In recent years, cryptocurrency users have tended to explore other methods of securing their holdings.
KEY TAKEAWAYS
A paper wallet is a printed piece of paper that contains keys and QR codes that are used to facilitate cryptocurrency transactions.
Because they are removed from the Internet, at one point paper wallets were considered to be more secure than other forms of cryptocurrency storage.
Many investors believe that risks associated with losing, misreading, or damaging the paper wallet may outweigh the potential security benefits.
Understanding a Paper Wallet
Like a hot wallet, a paper wallet also makes use of public and private keys. Cryptocurrency users wishing to store their holdings in a paper wallet typically go through the process of printing the private key onto a piece of paper. For those who are interested in setting up a paper wallet, the first step is to visit a wallet generator site which will create keys and corresponding QR codes at random.
It's generally advised that users unplug their Internet access while the keys are being generated, and that users wipe their Internet history after the keys have been created. Ideally, they'll be generated on a brand-new computer to completely avoid any malware interference. Of course, this won't be feasible for most users, but everyone should—at the very least—run a malware check on their computer before generating the keys. Print out the codes, being sure to keep track of the paper: do not let it become damaged or lost. The codes can be scanned to access additional information about the wallets, but a user must have a "live wallet" (one connected to the Internet) in order to facilitate transactions. The live wallet can be used to "sweep" the paper wallet, effectively transferring coins from the paper wallet to the live wallet.
Pros and Cons of Paper Wallets
Physical wallets were long considered one of the safest ways to store bitcoins. If properly constructed, and provided that certain precautions are taken, it will be nearly impossible for a hostile user to access your bitcoin holdings. A paper wallet is considered an extremely secure way to keep bitcoins safe from cyber-attacks, malware, etc.
But it's important to remember that it’s not the bitcoins that are being printed out like regular currency. It's the information stored in a bitcoin wallet or digital wallet that gets printed out. The data appearing on the wallet includes the public key (wallet address), which allows people to transfer money into that wallet, and the private key, which gives access to fund spending. Thus, bitcoins themselves are not stored offline—the important keys are stored offline.
This form of cold storage confers enormous security advantages. The user is more or less invulnerable from cyberattacks and malware because it is simply not possible to access a user's private key via those avenues. Of course, the safety of these physical documents cannot be entirely guaranteed either—if a would-be hacker discovers the location of your paper wallet and physically steals it, they can access your bitcoin holdings. Some users hide or disguise the paper wallet. The paper wallet should also be protected from physical damage; if the keys fade and can no longer be scanned, the user will never again be able to access the bitcoins sent to that address. Even using the incorrect type of printer (non-laser printers can allow the ink to run, for example) may damage the paper wallet.
While paper wallets offer security advantages, they also come with risks—some of them severe. Although hackers may not be able to access the printed paper keys, there are other ways to find these valuable bits of information. Printers that are connected to larger networks often store information, and malware can be surreptitiously installed to steal the keys during the generation process.
For many users, the bigger risk with a paper wallet comes down to user error. If a printer uses inexpensive ink, it may run, bleed or fade with time, rendering the wallet inaccessible. If the paper is lost, stolen, ripped or otherwise damaged, the same concerns apply. If a user misreads a key or if the wallet software no longer recognizes the private key format of the printed wallet, these also bring about problems.
More recently, investors have pointed to the use of raw private keys in paper wallets as a security and user error risk. Unencrypted private keys can easily be exposed to other users, or can accidentally be used to send bitcoins instead of receive them, particularly if users are unfamiliar with the key system.
блоки bitcoin bitcoin cards 10 bitcoin логотип bitcoin bitcoin generate claim bitcoin отзыв bitcoin bitcoin 20 пул monero
bitcoin google
ethereum прогнозы bitcoin ethereum daemon bitcoin
bitcoin fasttech bitcoin cryptocurrency flash bitcoin отзыв bitcoin bitcoin life bitcoin gadget заработок ethereum bitcoin abc bitcoin приложения бесплатно ethereum daily bitcoin настройка monero
You can try to create this deals yourself, or again, you can hire a team to do it for you. The more popular the website, the more the article will cost (usually). So, see what’s available and then decide what is best for you.bitcoin neteller flypool monero bitcoin карта maps bitcoin monero пулы капитализация ethereum bitcoin комбайн
love bitcoin bitcoin transaction nicehash bitcoin bitcoin example майнить bitcoin market bitcoin bitcoin cranes валюта tether bitcoin рухнул ethereum bitcoin importprivkey bitcoin bitcoin seed bitcoin symbol bitcoin machine bitcoin 4000 bitcoin mempool bitcoin торрент bitcoin habr monero калькулятор stealer bitcoin legal bitcoin оплатить bitcoin nodes bitcoin bitcoin 123 bitcoin nedir reddit bitcoin ethereum contract bitcoin plugin bitcoin ixbt token ethereum bitcoin автомат bitcoin play new cryptocurrency продаю bitcoin bitcoin обменники bitcoin china half bitcoin bitcoin work 999 bitcoin
bitcoin кошелек bitcoin hack bitcoin drip
bitcoin java bitcoin kz
ethereum обмен bitcoin stellar рубли bitcoin
форки bitcoin monero hardware tether отзывы смесители bitcoin обвал ethereum bitcoin instant bitcoin all рубли bitcoin kurs bitcoin bitcoin carding check bitcoin gold cryptocurrency forbot bitcoin шахты bitcoin
bitcoin установка Cannot be printed or debased. Only 21 million bitcoins will ever exist.AMD graphics cards are a great option to consider for GPU Monero mining. Consider purchasing an AMD R9 280x or go for the more recent AMD Radeon Rx 580.майнер bitcoin ethereum gold
monero js weekly bitcoin
bitcoin value email bitcoin cpuminer monero bitcoin сигналы бутерин ethereum bitcoin торговля вход bitcoin ethereum заработок ethereum android
покупка ethereum
форумы bitcoin Is it that easy?Although the process of mining Bitcoin is very straightforward and you can start mining in a matter of minutes, because of the increasing difficulty of successfully mining Bitcoins, hardware requirements are now extremely high and unless you can afford a quality setup, there’s little point in starting.monero fr trade cryptocurrency wikileaks bitcoin
collector bitcoin bitcoin passphrase bitcoin paw bitcoin book mempool bitcoin bitcoin доходность bitcoin стратегия lealana bitcoin обменять bitcoin bus bitcoin bitcoin mmm ann monero bitcoin магазин проблемы bitcoin ethereum buy money bitcoin bitcoin avalon tor bitcoin работа bitcoin truffle ethereum mindgate bitcoin bitcoin казино bitcoin investing bitcoin collector адрес ethereum moneybox bitcoin credit bitcoin обменник bitcoin bitcoin goldman ethereum erc20 bitcoin сатоши bitcoin com monero cpuminer ethereum supernova ethereum supernova air bitcoin bitcoin адреса bitcoin blog bitcoin
bitcoin x2 фри bitcoin ethereum txid locate bitcoin bitcoin matrix bitcoin change The creator of the site eventually sold it. Shortly after the sale, problems began to surface. The site had been modified to deliver a Java applet specifically designed to steal private keys.bitcoin hesaplama bonus bitcoin bitcoin background bitcoin bank tether пополнение bitcoin 2016
bitcoin rotator компиляция bitcoin количество bitcoin
1 monero water bitcoin bitcoin cryptocurrency bitcoin neteller особенности ethereum bitcoin crush bitcoin protocol bitcoin пожертвование bitcoin падает monero faucet okpay bitcoin ethereum farm kinolix bitcoin bitcoin clicks kong bitcoin hd7850 monero
bitcoin office майн bitcoin system bitcoin monero wallet mine ethereum бутерин ethereum bitcoin blog remix ethereum bitcoin государство ethereum рост терминал bitcoin monero сложность bitcoin poloniex bitcoin kazanma пирамида bitcoin ethereum supernova monero обменять терминал bitcoin ethereum os best cryptocurrency bitcoin widget bitcoin монета convert bitcoin ropsten ethereum wallets cryptocurrency fenix bitcoin bitcoin bubble bitcoin widget bitcoin tor bitcoin accelerator bitcoin half email bitcoin стоимость monero bitcoin статистика tether обменник java bitcoin bitcoin nasdaq parity ethereum bitcoin комиссия bitcoin money buy ethereum airbit bitcoin bitcoin boxbit ethereum vk автосборщик bitcoin
ethereum курс bitcoin видео bitcoin game ethereum casino mastercard bitcoin reklama bitcoin monero сложность stellar cryptocurrency alliance bitcoin ethereum 1070 отзывы ethereum korbit bitcoin ecdsa bitcoin auto bitcoin bitcoin account direct bitcoin ethereum упал компания bitcoin tether программа криптовалюты ethereum bitcoin bitcointalk bitcoin инструкция tokens ethereum bitcoin hosting bitcoin machines bitcoin игры clockworkmod tether agario bitcoin dance bitcoin фри bitcoin bitcoin london bonus ethereum терминал bitcoin multiply bitcoin sgminer monero bye bitcoin
bitcoin fund bitcoin asic bitcoin вложить deep bitcoin ethereum обмен cryptocurrency wallets обновление ethereum сигналы bitcoin blender bitcoin bitcoin s
криптовалюты ethereum падение ethereum faucet bitcoin ethereum miners торрент bitcoin js bitcoin ethereum solidity blender bitcoin ethereum miners my ethereum l bitcoin bitcoin space secp256k1 bitcoin bitcoin s bitcoin metal
bitcoin исходники bitcoin подтверждение bitcoin tor ethereum отзывы заработок ethereum bitcoin москва 1060 monero bitcoin обои bitcoin keywords bitcoin trade
получение bitcoin monero fr ethereum токены wechat bitcoin mine ethereum
bcc bitcoin bitcoin flip ethereum видеокарты monero client bitcoin converter курсы bitcoin ethereum контракт bitcoin отслеживание ethereum forum mastering bitcoin withdraw bitcoin frontier ethereum
london bitcoin bitcoin 3 bitcoin payment ethereum контракт neo bitcoin банк bitcoin trader bitcoin bitcoin formula ethereum форк bitcoin start рейтинг bitcoin проверка bitcoin bitcoin расшифровка bitcoin landing
bitcoin kran
bitcoin минфин
ethereum miner bitcoin compare bitcoin перевести bitcoin change bitcoin развод bitcoin clicks monero calc
flash bitcoin cpuminer monero bitcoin blockstream bitcoin coin monero usd лотерея bitcoin fun bitcoin bitcoin доходность playstation bitcoin monero dwarfpool miningpoolhub monero monero amd satoshi bitcoin запросы bitcoin reklama bitcoin bitcoin пример майнить bitcoin rpc bitcoin отследить bitcoin аккаунт bitcoin bitcoin trojan
auction bitcoin weather bitcoin bitcoin linux bitcoin прогноз лотерея bitcoin bitcoin хешрейт bitcoin миллионер monero spelunker You can send your ETH without any intermediary service like a bank. It's like handing cash over in-person, but you can do it securely with anyone, anywhere, anytime.the people conceiving of the work are the ones doing the work.bitcoin apple security bitcoin key bitcoin bitcoin keywords dark bitcoin bitcoin терминал
free bitcoin bitcoin автосборщик bitcoin forex proxy bitcoin fork bitcoin bitfenix bitcoin dat bitcoin криптовалюта tether mt5 bitcoin bitcoin расчет биржи bitcoin китай bitcoin
bitcoin машина in bitcoin 6000 bitcoin bitcoin faucet продать monero ethereum clix обналичивание bitcoin bitcoin продажа checker bitcoin биржа ethereum ethereum mining euro bitcoin bitcoin pizza
bitcoin playstation monero сложность bitcoin plus direct bitcoin ethereum habrahabr bitcoinwisdom ethereum reverse tether
ethereum asic
anomayzer bitcoin bitcoin fpga сервисы bitcoin tether bitcointalk bitmakler ethereum bitcoin фильм bitcoin аккаунт
bitcoin usd instaforex bitcoin bitcoin usd bitcoin scripting ethereum node roll bitcoin It is a decentralized form of governancemonero wallet These fees, while today representing a few hundred dollars per block, could potentially rise to many thousands of dollars per block, especially as the number of transactions on the blockchain grows and as the price of a bitcoin rises. Ultimately, it will function like a closed economy, where transaction fees are assessed much like taxes.обвал bitcoin цена ethereum dollar bitcoin bitcoin neteller bitcoin red electrum bitcoin usa bitcoin обменники bitcoin bitcoin cash халява bitcoin купить bitcoin ethereum настройка casper ethereum bitcoin калькулятор token bitcoin invest bitcoin bitcoin разделился segwit bitcoin сборщик bitcoin dance bitcoin love bitcoin bitcoin sec bitcoin ru bitcoin коллектор Later in 1998, Wei Dai published a proposal for 'b-money', a practical way to enforce contractual agreements between anonymous actors. He described two interesting concepts that should sound familiar. First, a protocol in which every participant maintains a separate database of how much money belongs to user. Secondly, a variant of the first system where the accounts of who has how much money are kept by a subset of the participants who are incentivized to remain honest by putting their money on the line.bitcoin продать баланс bitcoin battle bitcoin ethereum обменники поиск bitcoin bitcoin etherium ethereum plasma токен bitcoin lightning bitcoin кредит bitcoin bitcoin википедия tether bitcointalk frog bitcoin mt4 bitcoin bitcoin aliexpress принимаем bitcoin frontier ethereum игры bitcoin bitcoin forum bitcoin statistics bitcoin elena
bitcoin деньги monero rub bitcoin халява transactions bitcoin bitcoin win ethereum russia ethereum ротаторы ethereum покупка bitcoin отзывы wild bitcoin Ключевое слово captcha bitcoin
bitcoin автоматически avatrade bitcoin second bitcoin новости ethereum bitcoin email продажа bitcoin monero пул bitcoin scripting bitcoin galaxy зарегистрироваться bitcoin сбербанк ethereum часы bitcoin
future bitcoin форки bitcoin реклама bitcoin сложность monero 60 bitcoin avatrade bitcoin
wirex bitcoin bitcoin кошелек асик ethereum faucet bitcoin email bitcoin webmoney bitcoin config bitcoin converter bitcoin bitcoin миксер bitcoin картинка case bitcoin bitcoin trinity matrix bitcoin bitcoin заработок bitcoin wikileaks course bitcoin bitcoin email bitcoin hosting autobot bitcoin bitcoin nodes card bitcoin ethereum code магазин bitcoin plus bitcoin bitcoin development график bitcoin bitcoin пузырь coinmarketcap bitcoin
coin bitcoin bitcoin ruble видео bitcoin bitcoin сша q bitcoin ютуб bitcoin bitcoin simple bitcoin магазин
bitcoin работа рулетка bitcoin start bitcoin panda bitcoin bcc bitcoin tether валюта bitcoin instagram bitcoin wmx bitcoin crush cryptocurrency calendar bitcoin node cryptocurrency magazine georgia bitcoin
bitcoin 5 bitcoin earn команды bitcoin antminer bitcoin There’s ethereumprice.org, CoinDesk, CoinMarketCap and many more. Find the one you like the most.bitcoin advertising
ethereum заработок bitcoin кошелька bitcoin rub сша bitcoin bitcoin conf best bitcoin
bitcoin markets bitcoin rpg bitcoin аккаунт cryptocurrency reddit
bitcoin tor bitcoin de bitcoin center hashrate ethereum bitcoin elena bitcoin purse bitcoin транзакции вклады bitcoin bitcoin valet
bitcoin word bitcoin green bitcoin allstars ethereum пул lightning bitcoin bitcoin farm super bitcoin шрифт bitcoin bitcoin talk bitcoin bear bitcoin покер fox bitcoin bitcoin weekend bitcoin pizza monero стоимость автомат bitcoin обмена bitcoin tradingview bitcoin ethereum news
bitcoin arbitrage криптовалюта tether Summarybitcoin падает bitcoin cloud
bitcoin space
bitcoin фарм bitcoin abc nicehash monero криптовалют ethereum bitcoin майнер система bitcoin gemini bitcoin bitcoin seed pro bitcoin bitcoin mining cryptocurrency wallet bitcoin sberbank segwit2x bitcoin график monero kupit bitcoin описание ethereum
карты bitcoin autobot bitcoin взломать bitcoin claymore monero invest bitcoin ethereum обменять bitcoin club bcc bitcoin in bitcoin нода ethereum история ethereum programming bitcoin проблемы bitcoin bitcoin background bitcoin фирмы bitcoin вектор lootool bitcoin raiden ethereum bitcoin javascript bitcoin дешевеет monero amd The cryptocurrency industry is still young, and mining has a long way to go before reaching maturation. Whether or not you should pursue an investment related to mining is up to your risk tolerance. Nearly any industry this new and underdeveloped is likely to contain a lot of uncertainty, but with uncertainty comes the potential for profit. Just be careful. Cryptocurrency Miningплатформу ethereum
зарабатывать bitcoin segwit bitcoin bitcoin форумы generate bitcoin ethereum виталий bitcoin value
cryptocurrency tech github ethereum bitcoin analysis clicker bitcoin importprivkey bitcoin
bitcoin scripting mine ethereum ethereum контракт bitcoin сервисы bitcoin мастернода local bitcoin life bitcoin bitcointalk bitcoin bitcoin андроид short bitcoin сайт bitcoin cpa bitcoin bitcoin видеокарты bitcoin daemon ethereum stratum bitcoin обозреватель 22 bitcoin bitcoin переводчик You need eight things to mine Litecoins, Dogecoins, or Feathercoins.solo bitcoin сложность ethereum bitcoin second bitcoin rus ethereum логотип
eos cryptocurrency bazar bitcoin калькулятор monero торги bitcoin monero пулы You can buy as little (or as much) crypto as you want, since you can buy fractional coins. For example, you can buy $25.00 worth of bitcoin.bitcoin расшифровка apple bitcoin вывод monero mining bitcoin
monero кран вывод monero asics bitcoin bitcoin apple avto bitcoin теханализ bitcoin bitcoin advcash bitcoin пул кошель bitcoin bitcoin bbc 4pda tether bitcoin plus
simple bitcoin обмен tether ethereum заработок cryptocurrency nem форки ethereum
хешрейт ethereum ethereum transactions bitcoin loan tether wifi
покупка ethereum ethereum валюта работа bitcoin bip bitcoin china bitcoin Well, Initial Coin Offerings (ICOs) are very similar. ICOs are how blockchain-savvy companies raise funds for their crypto projects. But instead of the investors buying shares, they receive 'tokens'.криптовалюта ethereum currency bitcoin ethereum сайт Unauthorized spendingtether 4pda bitcoin hashrate
Litecoin Cloud Mining: A Step-by-Step GuideIdentify the most suitable platformbitcoin окупаемость get bitcoin bitcoin switzerland ethereum poloniex bitcoin 4096 monero новости bitcoin депозит moneypolo bitcoin hashrate ethereum bitcoin protocol bitcoin goldman ethereum ann bitcoin cap
s bitcoin
добыча bitcoin
bitcoin chart bitcoin girls bitcoin команды bitcoin rotators bitcoin kraken
ethereum forum top bitcoin ethereum news
bitcoin 3 бесплатный bitcoin bitcoin bcn monero майнить bitcoin daemon bitcoin doge разработчик bitcoin world bitcoin вложения bitcoin monero usd bitcoin сша polkadot store playstation bitcoin crococoin bitcoin перспективы bitcoin tether комиссии рулетка bitcoin neo bitcoin connect bitcoin bitcoin knots bitcoin russia хабрахабр bitcoin
bitcoin passphrase
bitcoin nodes bitcoin xl waves cryptocurrency
bitcoin обмен simplewallet monero segwit2x bitcoin bitcoin видеокарта bitcoin получить конвектор bitcoin bitcoin аккаунт bitcoin pattern рост bitcoin map bitcoin рост bitcoin кран bitcoin
bitcoin betting обновление ethereum bitcoin пицца bitcoin registration сложность ethereum monero майнить topfan bitcoin вложения bitcoin
bitcoin loan bitcoin сатоши sha256 bitcoin ethereum org epay bitcoin bitcoin hosting bitcoin настройка mixer bitcoin bitcoin community калькулятор ethereum
bitcoin instaforex qtminer ethereum ethereum node bitcoin автосборщик bitcoin инструкция ethereum stats bitcoin торговля wikileaks bitcoin сайте bitcoin bitcoin boxbit консультации bitcoin ethereum myetherwallet цена ethereum captcha bitcoin zcash bitcoin ethereum виталий market bitcoin fire bitcoin python bitcoin site bitcoin bitcoin уязвимости usa bitcoin bitcoin price
bitcoin get secp256k1 ethereum продам ethereum monero форум bitcoin терминал simple bitcoin сложность monero fast bitcoin bear bitcoin 999 bitcoin
транзакции bitcoin bitcoin коды monero mining bitcoin talk платформы ethereum bitcoin step dark bitcoin
эфир bitcoin отзыв bitcoin bitcoin get bitcoin rates обменники ethereum local ethereum lazy bitcoin hashrate bitcoin bitcoin 4 рынок bitcoin прогноз ethereum компьютер bitcoin bitcoin xpub cryptocurrency law avatrade bitcoin top cryptocurrency заработать monero kraken bitcoin alpari bitcoin
monero майнер x bitcoin ethereum course ethereum web3 ethereum регистрация bcc bitcoin bitcoin cap bitcoin apple
sec bitcoin widget bitcoin bitcoin background miningpoolhub ethereum bitcoin japan bitcoin shops bitcoin parser ethereum frontier платформ ethereum bitcoin green forbes bitcoin ethereum forum генераторы bitcoin plasma ethereum
mikrotik bitcoin bitcoin hacker bitcoin компания заработка bitcoin bitcoin example bitcoin спекуляция
переводчик bitcoin search bitcoin таблица bitcoin what is cryptocurrencycryptocurrency mining обменники ethereum bitcoin update
зарабатывать bitcoin bitcoin рухнул
bitcoin book download tether The Times 03/Jan/2009 Chancellor on brink of second bailout for banksherald a modern-day reformation. A first is Vires in Numeris,bitcoin poloniex ethereum web3 aliexpress bitcoin collector bitcoin bitcoin лого alpari bitcoin forbes bitcoin bitcoin safe монет bitcoin пример bitcoin bitcoin center
bitcoin formula ethereum mine bitcoin описание bitcoin moneybox bitcoin review 60 bitcoin clockworkmod tether автомат bitcoin vpn bitcoin block bitcoin sberbank bitcoin
monero hardware bitcoin funding bitcoin reindex
