What is Paper Wallet?

[anitaraymonds]

The issue i am having with paper wallet is synchronizing. You will not be able see your transaction till synchronizing of the wallet with the internet is achieved. Some time after payment you will still lose your money once the wallet due to one technical error or the other fail to open. This is most of the time the case.

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[Catost]

Although I understand the benefits, I feel much more comfortable keeping my crypto on my hardware wallet rather than generating a paper wallet.

I agree. Using the hardware wallet is much more comfortable and much more safe, as you still could get phished using paper wallet.

[Kprawn]

Although I understand the benefits, I feel much more comfortable keeping my crypto on my hardware wallet rather than generating a paper wallet.

I agree. Using the hardware wallet is much more comfortable and much more safe, as you still could get phished using paper wallet.

Hardware wallets are still vulnerable to electronic failure {many people reported losing the seed words and devices failing}

Most brand name devices are easily recognisable and are targeted by burglars, who might know about Bitcoin. There are

also Firmware that can be exploited. {BadUSB}   

[kashwin663]

Method of storing bitcoins offline on a piece of paper that holds
hai the private key và địa chỉ địa chỉ.
A type of cold wallet, used to store offline bitcoins printed on paper. The printed information consists of two parts. One is the public address of the wallet, which is used to let other people see and receive the bitcoin. The rest of you are the secret key used to consume bitcoin.

The strength of a paper purse is that your secret key is not stored anywhere on the internet, absolutely safe from the internet. But if you make the bile or wallet fall into the hands of others, you will permanently lose the bitcoins that are stored in your wallet.

paper wallet is basically an address that can be used to send funds too.On the paper wallet you  print out your private and public key.

[coinlawyer]

Its definitely worth pay for the additiona security and to buy a hard wallet to store BTC.
The OLD nano without a display had to display its master recovery words ON the PC, thus making it an issue whenthe PC is connected to internet.
The Nano S while powered by the PC will do everything on its display for initial setup and won't send anything back to the PC, so it`s more secured.

[romeo111]

In the most specific sense, a paper wallet is a document containing all of the data necessary to generate any number of Bitcoin private keys, forming a wallet of keys. However, people often use the term to mean any way of storing bitcoins offline as a physical document.

Source: Bitcoin Wiki

[btcgreen63]

BIP-38 encryption hasn't been mentioned in this thread. For your Bitcoin paper wallets (and some other cryptocurrencies) you can use BIP-38 encryption to encrypt the private key that gets printed on the paper wallet. At the time of encryption you pick any password you want. Use a strong password.

Now the printed wallets are safe because others who see it can't do anything with it without your password. You can even safely have the "paper" wallets stored electronically as PDFs, etc.

You can store your password separately from the wallets. Just don't forget the password or you've lost access to the money.

[RAmondragon]

I still find it more reliable than online wallet or desktop wallet as long as you are connected to the internet. The QR code makes it faster to extract your private key. And unless all people know you have bitcoin they wouldn't bother searching your home to a piece of paper containing your BTC. Have it laminated and put it in a safe like your jewelry or cash. You can even have it in between pages in your library.

[bitsharks95]

It is another safe method of storing our Cryptocurrencies!
We can keep it offline and useful for keep coins for long term and We can keep multiple copies of paper or pdf. but Need to keep safe from Fire or Water

[Brian Goldman]

Without a doubt, the safest way to store any cryptocurrency is using a paper wallet. By following a few pointers below, you can set one up entirely for free. This truly makes you the master of your investment, and if precautions are followed, there’s no possibility of your private keys being known by anyone else. Of course, this means that keeping a record of them is even more important. Losing private keys means you’ll forfeit the entire contents of your paper wallet (but then again, that’s true for every wallet out there.)

[UAE Seasider]

The Paper wallet is really your go to emergency backup of your Bitcoin address and would contain your Private Key allowing you to recover a computer based wallet should the hard drive crash or be lost / destroyed in any other way due to fire, theft, virus etc.

You could keep it in a fire proof box at home or locked away securely somewhere else.

[ranman09]

It is a must to note that you must only withdraw funds from your paper wallet once! Meaning you must sweep all funds on that wallet when you need the fund or at least a portion of the fund. Do not re-use it. It for your safety.

Paper wallets are nice because your private key will never touch the internet. Yes, it will never touch the internet! meaning internet is not a requirement creating one! So for those newbies enlisting internet as a requirement for creating one please check again. You need internet just to download the website and then after that, you can run it on a safe computer offline.

[amwer]

A bitcoin paper wallet is simply a public and private key printed together. It is an offline wallet, and is usually regarded as a type of "cold storage" (extra-secure storage that does not make contact with the hackable internet), although it has some important differences that make its presence in that category debatable (more on this further down).

[klebsiella]

Bitcoin paper wallet is an offline wallet where public and private keys are printed together usually in QR form. It is also viewed as a cold storage, and usually made of paper or plastic. Advantage of these paper wallets is they are not within reach of hackers because it is totally offline. Disadvantage, well, there are many! To name some, it could be destroyed by fire, or water and the ink may fade. Somebody might find it in your hiding place and spend your bitcoins without your knowledge.

[rain_017]

Paper wallet containing an important information about your private keys and password. You just need for this are empty notebook and pen. This what we call offline wallet too. This is surely safe from being lost your private keys just make sure to keep it away from your children.

[Cryptoipad]

The paper wallet of used digital currency of money.we should be online market increased the exchange of money.The number of Bitcoin wallet options to pick from might be a bit intimidating to newbies. And while mobile and online banking are becoming more popular, fully digital payment solutions like Bitcoin and other cryptocurrencies are rather intimidating to normal people.the cryptocurrencies are involved to btc market in exchange of paper wallet.A common misconception that Bitcoin beginners often have is that once they open a wallet, their wallet is always connected to the Bitcoin network where they can take part in transactions.

[Carmen03]

A Bitcoin paper wallet is digital wallet that you can use to store ,send and receive various crypto currencies .The wallet does not exactly store your money as a real world wallet. Instead its source of our public and private key which in turn help you send and receive money.In paper wallet we can secure our  Bitcoin no one can get or scam they are well protected.

[buhchain]

Paper wallet is an Android platform application. Paper wallet allows you to safely save the address and some confidential information.

[btcCoincart]

Oops what are you talking about?

[ldah94]

It is a good way to keep your coins protected if you plan to accumulate them and in case some "friend of the alien" visit your computer, make a copy of your wallet and break the password by attacking it by brute force. The disadvantage is that the more layers of security you add, the more work, and maybe for a few satoshis, you do not need that much.