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Hexcoin (OP)
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June 21, 2015, 10:17:46 AM |
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Can anyone explain what exactly a paper wallet and how it works?
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Muhammed Zakir
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June 21, 2015, 10:24:48 AM |
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A paper wallet is private key(s) printed or written in a paper. Most times, private keys will be generated in an offline computer for making it super-secure and then printed. Printing via wifi is not secure. P.S. You can use https://www.bitaddress.org/ to create paper wallet. Don't do it online. Download webpage(.zip file) and then generate private keys from an offline computer and print it. |
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ikydesu
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June 21, 2015, 10:33:39 AM |
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Can anyone explain what exactly a paper wallet and how it works?
Storing your bitcoin into physical document, of course is secure from malware or ect haha. Usually most people used for gift. More details: https://en.bitcoin.it/wiki/Paper_wallet~iki |
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Hexcoin (OP)
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June 21, 2015, 11:23:59 AM |
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A paper wallet is private key(s) printed or written in a paper. Most times, private keys will be generated in an offline computer for making it super-secure and then printed. Printing via wifi is not secure. P.S. You can use https://www.bitaddress.org/ to create paper wallet. Don't do it online. Download webpage(.zip file) and then generate private keys from an offline computer and print it. I see. Question, can i use mycelium to generate address and get the private key, write it on paper and delete the address and key from mycelium? |
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iram66680
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June 21, 2015, 11:34:54 AM |
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A paper wallet is private key(s) printed or written in a paper. Most times, private keys will be generated in an offline computer for making it super-secure and then printed. Printing via wifi is not secure. P.S. You can use https://www.bitaddress.org/ to create paper wallet. Don't do it online. Download webpage(.zip file) and then generate private keys from an offline computer and print it. I see. Question, can i use mycelium to generate address and get the private key, write it on paper and delete the address and key from mycelium? It works too. You can directly use the backup feature available in the app but remember the decryption key. It's quite long. You can spend it by using the cold storage feature in the app. Also, it isn't as secure as an offline computer since you would be exposing your phone to the online google play which MIGHT download additional malwares. |
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Muhammed Zakir
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June 21, 2015, 11:47:16 AM |
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A paper wallet is private key(s) printed or written in a paper. Most times, private keys will be generated in an offline computer for making it super-secure and then printed. Printing via wifi is not secure. P.S. You can use https://www.bitaddress.org/ to create paper wallet. Don't do it online. Download webpage(.zip file) and then generate private keys from an offline computer and print it. I see. Question, can i use mycelium to generate address and get the private key, write it on paper and delete the address and key from mycelium? No. AFAIK Mycelium is HD wallet and it does not have any option to export private keys of certain addresses. You can only export master public key(MPK) or master private key(MPR aka seed). |
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Hexcoin (OP)
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June 21, 2015, 12:10:03 PM |
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A paper wallet is private key(s) printed or written in a paper. Most times, private keys will be generated in an offline computer for making it super-secure and then printed. Printing via wifi is not secure. P.S. You can use https://www.bitaddress.org/ to create paper wallet. Don't do it online. Download webpage(.zip file) and then generate private keys from an offline computer and print it. I see. Question, can i use mycelium to generate address and get the private key, write it on paper and delete the address and key from mycelium? No. AFAIK Mycelium is HD wallet and it does not have any option to export private keys of certain addresses. You can only export master public key(MPK) or master private key(MPR aka seed). no you are wrong, i can get private key on mycelium  i think it is on updated Mycelium wallet app |
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Muhammed Zakir
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June 21, 2015, 03:43:33 PM |
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A paper wallet is private key(s) printed or written in a paper. Most times, private keys will be generated in an offline computer for making it super-secure and then printed. Printing via wifi is not secure. P.S. You can use https://www.bitaddress.org/ to create paper wallet. Don't do it online. Download webpage(.zip file) and then generate private keys from an offline computer and print it. I see. Question, can i use mycelium to generate address and get the private key, write it on paper and delete the address and key from mycelium? No. AFAIK Mycelium is HD wallet and it does not have any option to export private keys of certain addresses. You can only export master public key(MPK) or master private key(MPR aka seed). no you are wrong, i can get private key on mycelium i think it is on updated Mycelium wallet app I checked and I found you can't export private key per address basis in HD account. You maybe talking about imported addresses. CMIIW. |
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