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PhucS
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June 23, 2018, 10:27:57 AM |
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I know the paper wallet is a very secure Bitcoin storage method, which can help the user avoid hacker attacks because the private key is not stored online. However, besides its advantages, it also has many inconveniences. If you regularly use Bitcoin to trade, I think paper wallets do not suit you. Another problem is that when you lose paper wallet, you will not be able to restore the wallet as some hard Trezor wallets or Nano S Ledger. This is just my opinion
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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code
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June 23, 2018, 03:54:30 PM |
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believe me, there are more absurd actions of many investors, of which 90%. I have heard that many people keep money in projects to earn money, because they are misled, as if it is a purse. I also heard that people keep on the exchange, where they buy bitcoin, etc.I no longer wonder. Just don't think about it. People have to go through their experience to understand how to do the right thing. Otherwise people will not understand
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rosemary4u
Jr. Member
 Offline
Activity: 392
Merit: 1
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June 26, 2018, 04:59:28 PM |
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Paper wallets are not 100% secure and reliable, one can easily lose access to the wallet through several means especially during fire outbreaks and other disasters. I prefer hardware wallets and application based wallets any day.
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Tan_avia)vl.
Member
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Activity: 210
Merit: 10
https://eloncity.io/
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June 26, 2018, 05:22:05 PM |
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In my opinion, this is not the safest way. It is much safer to split into a lot of small purses and put on each very complex system of protection, or trade them in the market, which is the most advantageous option than a paper purse.
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_bitcoin_papa_
Newbie
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Activity: 102
Merit: 0
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July 07, 2018, 06:13:46 PM |
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I think that people do not keep their bitcoins on a paper purse because they do not understand how to do it. The second reason why people do not use a paper wallet is most likely because of fear of losing it.
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TmottaDing
Member
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Activity: 234
Merit: 10
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July 07, 2018, 06:25:47 PM |
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They are safe, but you need to understand how to create them first and to do not make any mistakes while you are using them /transfering all of your entire balance to there.
For me, it is risky and i prefer to use hardware wallets, at least, for my own safety
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romeo111
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July 08, 2018, 07:17:44 PM |
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I did exchange bitcoin but not use paper wallet because i think using wallet in exchange we can do bitcoin trade with the normal wallet with the paper wallet.
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Tranghoangvani
Newbie
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Activity: 80
Merit: 0
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July 10, 2018, 10:08:27 AM |
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There are many types of wallets in bitcoin and paper wallets are one of them. But the wallet helps make things simpler
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tanjilrifat
Newbie
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Activity: 154
Merit: 0
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August 08, 2018, 08:33:08 AM |
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I have heard that many people keep money in projects to earn money, because they are misled, as if it is a purse. I also heard that people keep on the exchange, where they buy bitcoin, etc.
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jpnl0002
Member
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Activity: 308
Merit: 10
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August 08, 2018, 07:25:05 PM |
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I think they feel its safer that way or the security is better even the exchange is not even safe you can split them to keep them safe .The wallet to use is the offline paper wallet and it features.I always opt for the offline paper wallet its my best
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orarider
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August 08, 2018, 11:17:01 PM |
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Amongst the current types of digital money archives, it can be said that the wallet used to store Bitcoin is also called extremely secure and secure. Although its durability is not good compared to other wallets, it is still heavily influenced by many communities. A bitcoin wallet is a normal paper, but it stores a copy of the public key and the private key, which makes it a cool wallet.
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levvv
Member
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Activity: 532
Merit: 17
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August 09, 2018, 02:42:47 AM |
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I just wondering why some people don't use paper wallet to secure their bitcoin, Some of them are just putting to the exchanger and trust their funds that no assurance of safety.I don't understand why they did not use the most secure way to keep their bitcoins.
Any Thoughts?
Maybe because they dont want to print the paper wallet ? You can lose your paper wallet if you not careful. Some peoples decide to leave their coins on exchanges because usually exchange using cold wallet to secure the exchange coins. |
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gm_ak
Newbie
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Activity: 17
Merit: 0
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February 13, 2019, 02:21:11 PM |
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There are two sets of people who could do this: newbies and traders. Newbies are not so adept at using wallets outside of an exchange and it's preferable for them to store their bitcoins with an exchange. Wallets are of course complicated, especially the concepts of private keys. Traders, of course, need to have some bitcoins on an exchange in order to be able to carry out trades as fast as possible. |
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newbie0506
Jr. Member
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Activity: 233
Merit: 1
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February 13, 2019, 03:45:44 PM |
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Maybe the person is not capable or paranoid in keeping a physical copy of his account information. It varies from person to person.
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xenxen
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February 13, 2019, 04:34:55 PM |
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in my case i do not need to put my funds in paper wallet i put this on exchanger because it can easy to trade. paper wallet yes its safe but it this use for who can hold there fund for long term and dont want to trade..
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pawanjain
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February 13, 2019, 04:50:06 PM |
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Paper wallets are definitely safe but it is hard enough to secure it and keep it at a safe place. Paper wallets also has another disadvantage that it needs another wallet to spend the coins.
It means that the paper wallet can only store bitcoins in to it and if you want to spend it or send it to an address then you will first have to import it to a wallet (eg: blockchain.info) and then send the coins to an address.
This is the reason why most people tend to avoid using paper wallets.
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fosco333
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February 15, 2019, 02:49:31 AM |
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I just wondering why some people don't use paper wallet to secure their bitcoin, Some of them are just putting to the exchanger and trust their funds that no assurance of safety.I don't understand why they did not use the most secure way to keep their bitcoins.
Any Thoughts?
Using exchange wallet is easier than using pc wallet, although you have private key in pc wallet. This is because when you use exchange wallet, you don't need to download and sync the blockchain database. |
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shesheboy
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February 15, 2019, 04:09:07 AM |
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There are two sets of people who could do this: newbies and traders. Newbies are not so adept at using wallets outside of an exchange and it's preferable for them to store their bitcoins with an exchange. Wallets are of course complicated, especially the concepts of private keys. Traders, of course, need to have some bitcoins on an exchange in order to be able to carry out trades as fast as possible. The last reply from this thread is august 2018 , lol nice digging tho  Anyway , you are correct . noobs dont engage on trading and investing , therfor they arent require to use some kind of a paper wallet or hardware wallet . While pro and veteran crypto users are actively buying and trading , thats why they usually store their coins inside an exchange for lesser hassel and for lesser fees as well . |
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MonsterV
Legendary
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Activity: 2212
Merit: 1008
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May 14, 2019, 09:02:09 AM |
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I just wondering why some people don't use paper wallet to secure their bitcoin, Some of them are just putting to the exchanger and trust their funds that no assurance of safety.I don't understand why they did not use the most secure way to keep their bitcoins.
Any Thoughts?
The paper wallet does not physically reflect that it is a digital currency. If you compare security issues, paper wallets are also vulnerable to security, because you only print a private key on paper. Why don't people keep on paper wallets? ineffective, most crypto users are active in trading, so they prefer to save in exchange. |
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