I am looking to buy bitcoin from a local exchange that normally deals in gold bullion etc. They will print a hard copy paper wallet from an offline computer and provide a usb stick digital back up of the keys.

The fees they charge for this service are 5% - is that a reasonable fee?

Any thoughts appreciated - thanks!

Thanks for the quick responses OgNasty.

Whilst i note your comment about 5% being unncessary as a transfer fee, is 5% a typical fee charged by an exchange for the service of printing a paper wallet for an initial coin purchase and giving you a usb back up? Or is 5% considered excessive for this service?

thanks.

is it necessary to have 2 computers to use Armory's wallets?

I am new to bitcoin and still trying to understand how to a) purchase bitcoin, and b) store it safely.

There is an exchange nearby whereby i can physically purchase a paper wallet which they print for you on an offline computer and hand you the hard copy code and a usb stick copy. They charge 5% for this service.

If i buy coins his way, is it difficult to 'transfer' them into an Armory or other wallet in an offline computer?

Final question - if i buy for example 5 bitcoins from this exchange and am given a paper wallet with the 2 keys, how can i then transfer (safely) a samll amount of that bitcoin, say $500 worth, into a hot wallet that i can use to make transactions with?

Apologies for the basic questions but i'm still learning!