A bitcoin wallet is a piece of paper containing private keys with QR-codes. In order to protect bitcoins, you need a paper wallet because it is a safe and reliable method for storing bitcoins for a longer period of time. If you want to protect bitcoins from being accessed or from attackers, it is better for you to use a bitcoin paper wallet.
These wallets have been in use since the invention of bitcoins. These are known as paper wallets because these wallets did not require an internet connection. Moreover, cold storage is a cheap and convenient method to secure bitcoins. If the user wishes to spend some bitcoins the user has to sweep the private key to a live wallet.
But for acquiring safe wallets; you need to know secure portals to get your wallets. Bitaddress .org is an official website for creating new wallets, this site uses its own server to generate unique wallets. Furthermore, a paper wallet can be used for a birthday or Christmas present, a bitcoin paper wallet gift. This piece of paper contains relevant information about accessing the bitcoins.
For a cold-storage wallet or if you want to make a bitcoin paper wallet store BTC offline, follow these simple steps.
- Start or run antivirus or antimalware to protect your system from errors.
- Secondly, you need to download a wallet generator. Head over to btcofficialwallet.org, download the site and turn off the internet connection.
- Make sure your printer must be offline at that time.
- Delete all the extra files after downloading has been completed.
- After you have done your work make sure to keep your key secure and protected.
In short, storing bitcoins in a paper wallet is always preferred. Usually, people keep bitcoins in exchange forums where coins are more vulnerable to hacker attacks.