Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: popcornBlastoise on June 11, 2017, 07:07:25 AM



Title: How do you make a paper wallet for altcoins?
Post by: popcornBlastoise on June 11, 2017, 07:07:25 AM
I'm considering investing in some non-popular altcoins (for example, Bitshares), but I didn't want to store them in exchanges
like Poloniex. Some questions:

1. The hardware wallets don't support these coins, so is my safest option a paper wallet?

2. Would I have to create a paper wallet for each altcoin?

3. Is the process of transferring Bitshares from Poloniex to my paper wallet the same as transferring Bitcoin to a paper wallet?

Thanks!


Title: Re: How do you make a paper wallet for altcoins?
Post by: jumbo on June 11, 2017, 06:51:08 PM
I'm considering investing in some non-popular altcoins (for example, Bitshares), but I didn't want to store them in exchanges
like Poloniex. Some questions:

1. The hardware wallets don't support these coins, so is my safest option a paper wallet?

"Paper wallet" (not necessarily paper, just have to be a "cold wallet") with a proper backup is the safest way to store coins anyway.

2. Would I have to create a paper wallet for each altcoin?

Yes, if each altcoin use its own address and secure key. You can store all the addresses in one place, if you want, but put secret keys separately.

3. Is the process of transferring Bitshares from Poloniex to my paper wallet the same as transferring Bitcoin to a paper wallet?

Thanks!

Not exactly. You shall use bridges to move assets in and out of the network. You can learn more and get a list of such bridges here: https://bitshares.org/deposit/


Title: Re: How do you make a paper wallet for altcoins?
Post by: Kuthululamb on June 12, 2017, 03:19:34 AM
You have some sample programs for paper wallet creators?