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Author Topic: Which is the best form for a paper wallet?  (Read 814 times)
m4nki
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February 11, 2016, 01:01:29 AM
 #1

Hi!

Paper burns, ink dries.

What do you think is the best way to store bitcoins on a paper wallet?

Engraving in metal?


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February 11, 2016, 01:05:58 AM
 #2

Hi!

Paper burns, ink dries.

What do you think is the best way to store bitcoins on a paper wallet?

Engraving in metal?



Engraving in metal is a great method but do you need to go to such lengths? Who would be doing the engraving? What if it was somebody bitcoin/tech savvy? He could play dumb at the time & a few weeks or months later swipe the wallet.

I think paper wallets that are laminated is sufficient.

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February 11, 2016, 01:13:46 AM
 #3

Hi!

Paper burns, ink dries.

What do you think is the best way to store bitcoins on a paper wallet?

Engraving in metal?



Engraving in metal is a great method but do you need to go to such lengths? Who would be doing the engraving? What if it was somebody bitcoin/tech savvy? He could play dumb at the time & a few weeks or months later swipe the wallet.

I think paper wallets that are laminated is sufficient.

Good thought, I like that!

What are good ways to ensure that a paper wallet, that is being bought from a third party, stores a private key that noone besides the buyer knows/has access to?

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February 11, 2016, 01:55:48 AM
 #4

Why buy from someone else? Way better to print and laminate yourself. You never know when someone's gonna go rogue.

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DannyHamilton
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February 11, 2016, 03:45:06 AM
 #5

Hi!

Paper burns, ink dries.
- snip -

So make multiple copies and store them in multiple secure locations.

Check the copies and update them occasionally if the ink is fading

- snip -
What are good ways to ensure that a paper wallet, that is being bought from a third party

No.

Nope.

Nah ah.

Absolutely not.

That's got to be one of the worst ideas I've heard in a while.

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February 11, 2016, 05:28:27 AM
 #6

First of all, create your own paper wallets and then laminate them. Print duplicate copies and store them in multiple locations as DannyHamilton stated already. Example : One copy at your house in your safe and one copy in a safe deposit box at the bank. <Remember to leave notes or something in your Will, or nobody will know about it, when you die>

Monitor them over time and if they fade, just replace them with new copies. ^smile^

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February 11, 2016, 12:58:06 PM
 #7

Metal stamping sets/punches are available where you hammer the letters into metal.  For the sets without lower case letters, turning the letter to indicate it is lower case has been done. Another solution would to etch a line and stamp upper above and lower below the line.



A metal that is resistant to corrosion but malleable such as sheet aircraft aluminum would be appropriate, you could make a metal wallet address. However if you really want fire resistance, you'd get tungsten with a higher melting point, but it's moh hardness is the same if not harder than tool hardened steel.

You also may want features such as one-time-use/tamper evident seals.
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February 11, 2016, 01:02:19 PM
 #8

what is paper wallet ?
I often hear. but I have never tried. I heard that the wallet paper, excellent for storing long-term investment,
how to save bitcoin in a paper wallet?


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AliceWonderMiscreations
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February 11, 2016, 01:02:37 PM
 #9

I use a permanent marker on 3x5 cards for a pass phrase that needs a specific salt to turn into a private key.

The salt is backed up with several family members.

The 3x5 cards with the pass phrase is stored separate from the salt in two different locations, one of which is a safe deposit box.

I will be dead long before the 3x5 cards in the safe deposit box can't be read, and family knows how to extract the funds when I'm dead, so at that point - it becomes their problem.

I hereby reserve the right to sometimes be wrong
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February 11, 2016, 01:03:46 PM
 #10

what is paper wallet ?
I often hear. but I have never tried. I heard that the wallet paper, excellent for storing long-term investment,
how to save bitcoin in a paper wallet?

A paper wallet has the private key (or a means to generate it) on a piece of paper. When you want to use the funds, you import the private key into a client.

I hereby reserve the right to sometimes be wrong
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February 11, 2016, 01:04:13 PM
 #11

what is paper wallet ?
I often hear. but I have never tried. I heard that the wallet paper, excellent for storing long-term investment,
how to save bitcoin in a paper wallet?

Never heard of this myself. Actually got me a little intrigued..
deepceleron
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February 11, 2016, 01:05:08 PM
 #12

what is paper wallet ?
I often hear. but I have never tried. I heard that the wallet paper, excellent for storing long-term investment,
how to save bitcoin in a paper wallet?
My signature link has a terse explanation and an address maker. It is a single address and its private key used for long term savings. A better term is "cold storage address".
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February 11, 2016, 01:11:36 PM
 #13

Hi!
Paper burns, ink dries.
What do you think is the best way to store bitcoins on a paper wallet?
Engraving in metal?

engraving a metal is good but it is hard and not everybody can do it without proper equipment.

the best way that I have found to work for me is simply printing the private keys on a good piece of paper and then laminating it. you can also encrypt the keys with a password so nobody can read them by looking at the paper. make 2 copies and store in different places. and if you have an extremely large amount of bitcoin you can even store the paper wallet in a safety deposit box in a secure bank.

m4nki
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February 11, 2016, 02:38:05 PM
 #14

Hi!
Paper burns, ink dries.
What do you think is the best way to store bitcoins on a paper wallet?
Engraving in metal?

engraving a metal is good but it is hard and not everybody can do it without proper equipment.

the best way that I have found to work for me is simply printing the private keys on a good piece of paper and then laminating it. you can also encrypt the keys with a password so nobody can read them by looking at the paper. make 2 copies and store in different places. and if you have an extremely large amount of bitcoin you can even store the paper wallet in a safety deposit box in a secure bank.



Sounds nice!

How can I encrypt the keys with a password?

AliceWonderMiscreations
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February 11, 2016, 02:40:55 PM
 #15

Hi!
Paper burns, ink dries.
What do you think is the best way to store bitcoins on a paper wallet?
Engraving in metal?

engraving a metal is good but it is hard and not everybody can do it without proper equipment.

the best way that I have found to work for me is simply printing the private keys on a good piece of paper and then laminating it. you can also encrypt the keys with a password so nobody can read them by looking at the paper. make 2 copies and store in different places. and if you have an extremely large amount of bitcoin you can even store the paper wallet in a safety deposit box in a secure bank.



Sounds nice!

How can I encrypt the keys with a password?

If you do use a password (or use a salt with a pass phrase) - make damn sure there is still a way for family to retrieve the funds if a meteorite hits you in the head tomorrow.

I hereby reserve the right to sometimes be wrong
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February 11, 2016, 03:02:34 PM
 #16

Hi!

Paper burns, ink dries.

What do you think is the best way to store bitcoins on a paper wallet?

Engraving in metal?


metal?its too heavy to carry,and of course need very good bag material,so the best material is digital money Wink
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February 11, 2016, 03:31:07 PM
 #17

Engraving in metal?
http://hodlwallet.binaryage.com/ is a nice metal wallet, but it's not yet for sale. :c\

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February 11, 2016, 03:48:40 PM
 #18

As 3D printing becomes more common and inexpensive, people will find unique ways to print these paper wallets. A 3D QR code printed will possibly last a bit

longer than a piece of paper. It can also be printed as a physical coin and placed in a safe. I will print small gold bars and replace the usual text with the

Bitcoin address and private key, as a legacy to it's origin. There are also a number of companies selling printers that print laminated objects using thin plastic

and metal sheets.

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February 11, 2016, 04:23:46 PM
 #19

I think some people are making it more complicated than it needs to be. Really.

My immunization records from when I was a baby, 40 years ago, can still be read. They were never laminated. Written and signed with regular ink.

I hereby reserve the right to sometimes be wrong
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