Thanks for the replys.

Hi,

I used bitaddress.org offline to create a address and private key, however I am worried I have done something wrong.

After generating the address and private key, I simply printed out what was show on screen, however I think I should have clicked 'Paper Wallet' and done it this way?

Is their any difference?

Thanks

Thanks for everyone's reply's, especially about creating a bitcoin address and key offline.

I intend to store these bitcoins long term, and buy them as and when funds are available.

The reason I asked about generating a new bitcoin address each time I purchase bitcoins, is because I thought this would be much safer with Paper Wallets? Am I wrong in thinking this? I fully intend to store my paper wallet where no one will ever find it, but if someone did, they would have access to my entire bitcoin balance, as opposed to me hiding several paper wallets in very different places. Does this make sense? Spreading my balance between several addresses?

Thanks again

Sorry new to bitcoin and was wondering if the following steps are correct to create a paper wallet.

1.) Create a Bitcoin Address and Private key at bitaddress.org and print it out.

2.) Go to localbitcoins.com and purchase 1 bitcoin from seller and have them send it to my bitcoin address.

Is it as simple as that?

Also is it wise with paper wallets to create a new bitcoin address and private key for each coin, or part of coin, that I purchase for added security?

Thanks