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Author Topic: Paper Wallets  (Read 2047 times)
Amph
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February 12, 2016, 02:57:57 PM
 #21

they are not safer than a common usb stick for example, maybe cheaper but that's it, every single thign have a vunlnerability that depend on the user not so much on the method used to store your coins
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February 12, 2016, 03:39:57 PM
 #22

My opinion about paper wallet is save from hacker but it is dangerous from fire and human error are like forget put the wallet, rate  attack and another mistake  Grin

it is not dangerous if you have several copies of it stored in different safe places like what i did to my paper wallet Smiley

yeah, you can also laminate that paper in order to preserve it better for longer period of time. but if you are paranoid and want to keep the paper wallet safe from water, fire, acid, ... engrave it on a stainless steel.
Ok thanks for complete my opinion  Grin

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February 12, 2016, 03:51:38 PM
 #23

they are pretty secure as long as you dont give away your private key, i think no one can steal bitcoins from paper wallet

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February 12, 2016, 06:24:33 PM
 #24

I didn't try paper wallets personally. But according to some world class website's review it it most secured wallet ever.
Both desktop and web based wallet can be hacked but impossible to hack paper wallet.

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February 12, 2016, 06:31:12 PM
 #25

I didn't try paper wallets personally. But according to some world class website's review it it most secured wallet ever.
Both desktop and web based wallet can be hacked but impossible to hack paper wallet.

The key thing is if it is done right on un-compromised equipment.  Paper wallet is not 100 percent secure unless done right.  If you overlooked something or had something bad on your computer you might feel safe and think you are... but you are not.
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February 12, 2016, 06:56:19 PM
 #26

I didn't try paper wallets personally. But according to some world class website's review it it most secured wallet ever.
Both desktop and web based wallet can be hacked but impossible to hack paper wallet.
Yes can be stolen, or burnt or forgotten, lost between books etc.
Maybe is safest but i wonder how practical really is?
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February 12, 2016, 07:51:30 PM
 #27

Yes, If you generate the wallet on a machine that does never have access to the internet.

Download the walletgenerator software here https://github.com/MichaelMure/WalletGenerator.net

Put it to a machine without internet connection and generate the wallet. The cool thing that you can generate wallets for the following coins with it (list from the website www.walletgenerator.net):

42coin Acoin Alphacoin Animecoin Anoncoin Apexcoin Auroracoin BBQcoin Bitcoin BitcoinDark Birdcoin Blackcoin BunnyCoin CanadaeCoin CannabisCoin Capricoin CassubianDetk Catcoin Corgicoin CryptoBullion CryptoClub Cryptoescudo Dash DeafDollars Devcoin Digitalcoin Dogecoin DogecoinDark eGulden eKrona Emercoin EnergyCoin Fastcoin Feathercoin Fibre Fluttercoin Freicoin FUDcoin Fuelcoin Fujicoin GabenCoin GlobalBoost Goodcoin GridcoinResearch Gulden Guncoin HamRadioCoin HTML5Coin HyperStake ImperiumCoin IncognitoCoin Influxcoin IridiumCoin iXcoin Judgecoin Jumbucks Latium Litecoin LiteDoge MagicInternetMoney Magicoin Marscoin MarteXcoin MasterDoge Mazacoin Megacoin MobiusCoin MonetaryUnit Monocle MoonCoin Myriadcoin NameCoin Neoscoin Novacoin Nubits Ocupy Omnicoin Onyxcoin Paycoin Pandacoin Pesetacoin PHCoin PhoenixCoin Peercoin Potcoin Primecoin Quark Reddcoin Riecoin Rimbit Rubycoin Sambacoin SibCoin SongCoin SpreadCoin StealthCoin Syscoin Titcoin TittieCoin Topcoin TransferCoin TreasureHuntCoin Unobtanium USDe Vertcoin Viacoin VikingCoin W2Coin WankCoin WeAreSatoshiCoin WorldCoin Zetacoin

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February 12, 2016, 08:08:31 PM
 #28

paper wallet is one of the safest possible wallets in my opinion as it is not on the computer so no one can steal it
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April 19, 2016, 08:30:26 AM
 #29

I didn't try paper wallets personally. But according to some world class website's review it it most secured wallet ever.
Both desktop and web based wallet can be hacked but impossible to hack paper wallet.
Yes can be stolen, or burnt or forgotten, lost between books etc.
Maybe is safest but i wonder how practical really is?



It is very practical, you just have to be organised and remember where you keep your valuables.
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April 19, 2016, 09:18:25 AM
 #30

In my point of view, paper wallet is secure enough. Surely the storage have different security but it is safe. But you should still to watchful in any risk if that will happen.

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April 19, 2016, 09:37:26 AM
 #31

Can you tell me how to create a paper wallet.


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April 19, 2016, 09:47:36 AM
 #32

Oh ? What is Paper Wallet! ? How to use that? How to Create that wallet?

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April 19, 2016, 09:54:14 AM
 #33

Many good tips already... So here's mine:

When i first started playing with paper wallets, i made a couple testnet paper wallets, loaded them with testnet coins and sweeped them with the testnet android wallet... Just to learn the basics on how to generate, print, store, encrypt, decrypt, sweep,... them. This way, chances of losing coins because you're still learning are slimmer.

If after playing with testnet paper wallets, you're still not completely sure about what you're doing, create a  dogecoin paper wallet, load them with a small ammount of funds (freedoge.co.in gives you a couple dozen of coins in a couple of hours, so it's pretty "easy" to play with those)... This might be necessary because the bitcoin testnet isn't 100% stable, in my opninion the android clients don't always sync properly,...

The rest of the tips were fine
- download the sourcecode
- run it on an airgapped pc, maybe even in a live OS (live linux distro, nothing left behind on your PC after rebooting)
- print on a local printer
- use BIP38 encryption
- laminate
- store at 2 different, safe, locations

OR use a HW wallet
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April 19, 2016, 06:27:53 PM
 #34

Oh ? What is Paper Wallet! ? How to use that? How to Create that wallet?

Paper wallet is bitcoin wallet where you can hold your bitcoins with private keys of your wallet and only visible with public key and QR Code for scan your wallet at any time and have bitcoins.
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April 19, 2016, 06:44:02 PM
 #35

Oh ? What is Paper Wallet! ? How to use that? How to Create that wallet?

Paper wallet is bitcoin wallet where you can hold your bitcoins with private keys of your wallet and only visible with public key and QR Code for scan your wallet at any time and have bitcoins.

Also store paper wallets in some place safe.   I really like safety deposit box at bank, as you have bank level security.   I was talking to my local one they offered the very smallest one for like 16 bucks a year.  So crazy good price due to it being very small.  But that is all you need for a paper wallet.

I highly suggest others look at local banks even for storage for a copy.
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April 19, 2016, 07:25:21 PM
 #36

Oh ? What is Paper Wallet! ? How to use that? How to Create that wallet?

Paper wallet is bitcoin wallet where you can hold your bitcoins with private keys of your wallet and only visible with public key and QR Code for scan your wallet at any time and have bitcoins.

Also store paper wallets in some place safe.   I really like safety deposit box at bank, as you have bank level security.   I was talking to my local one they offered the very smallest one for like 16 bucks a year.  So crazy good price due to it being very small.  But that is all you need for a paper wallet.

I highly suggest others look at local banks even for storage for a copy.

I do not go for a single deposit box option. Store the Bitcoin address and the private keys in two separate banks for instance {which might sound like it is overkill} but what will happen if Bitcoin goes

mainstream and your single Bitcoin is worth $ 1 000 000? The $16 per year, is a small investment, if you consider that those Bitcoin might be valued at a much higher price in the future. If a box gets

compromised, the people cannot do anything, if the address cannot be matched to the private key.  Grin Grin Grin
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April 19, 2016, 08:29:16 PM
 #37

Oh ? What is Paper Wallet! ? How to use that? How to Create that wallet?

Paper wallet is bitcoin wallet where you can hold your bitcoins with private keys of your wallet and only visible with public key and QR Code for scan your wallet at any time and have bitcoins.

Also store paper wallets in some place safe.   I really like safety deposit box at bank, as you have bank level security.   I was talking to my local one they offered the very smallest one for like 16 bucks a year.  So crazy good price due to it being very small.  But that is all you need for a paper wallet.

I highly suggest others look at local banks even for storage for a copy.

I do not go for a single deposit box option. Store the Bitcoin address and the private keys in two separate banks for instance {which might sound like it is overkill} but what will happen if Bitcoin goes

mainstream and your single Bitcoin is worth $ 1 000 000? The $16 per year, is a small investment, if you consider that those Bitcoin might be valued at a much higher price in the future. If a box gets

compromised, the people cannot do anything, if the address cannot be matched to the private key.  Grin Grin Grin

Splitting it between 2 is not a bad idea, I think it's going to be overkill for most though.  But if you have a lot stored in cold wallet it does make sense.

I don't go for the 1 million number.  There is a entire thread about that.  If we even hit 10,000 I would consider huge win.  Heck 1k short term would be nice even.  But with amount of bitcoin out there, and that will be generated 1 million will never happen even if we get mass adoption.
r1cochet
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April 19, 2016, 09:25:55 PM
 #38

Many good tips already... So here's mine:

When i first started playing with paper wallets, i made a couple testnet paper wallets, loaded them with testnet coins and sweeped them with the testnet android wallet... Just to learn the basics on how to generate, print, store, encrypt, decrypt, sweep,... them. This way, chances of losing coins because you're still learning are slimmer.

This is really good advice, been a bit wary of making paper wallets in case I f*ck up and lose all my bitcoin Smiley

One quick question tho, I've heard that some models of printers store documents in their own memory. Do you think it's worth buying a cheap printer and then destroying it after the wallets are printed or is that tin foil level crazy?
Hugroll
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April 19, 2016, 10:21:38 PM
 #39

paper wallets are extra secure. only way someone can hack your paper wallet would be if they somehow see what your printer prints or if they get their hands on your paper wallet in real life, other than that there are no worries with a paper wallet.
btccashacc
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April 19, 2016, 11:49:10 PM
 #40

make sure to keep your paper wallet safe, save it on brankas or other safest place as like as your keep your fiat money or other important document, i personally save my paper wallet on those place
goodluck
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