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Author Topic: paper wallets or hardware wallets  (Read 81 times)
Mendouges
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September 05, 2018, 05:52:16 PM
 #1

if someone is looking for a paper wallet,
the below might be useful. it lists paper wallet generators for major cryptos, and briefly explains why should you choose paper over hardware and vice versa in FAQs.

https://printedcrypto.com/
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September 05, 2018, 05:58:20 PM
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I dislike that the FAQ page isn't very accurate about the hardware wallets. It's just "as much work" to store the paper wallet vs storing the recovery seed for a hardware wallet, so if one is capable of storing a paper wallet, one can also store the recovery seed - which means, one doesn't lose anything just because their hardware wallet breaks! I'm not sure how fair it's to talk about trusting a third party, for example Trezor is open source atleast which should mean that the code is verifiable and noone really has to trust anyone, but well the point might be valid. Either way, the first part mentioned about it being safe aslong as one generates their paper wallet safely <- that's the big catch with it, since so many people in general doesn't really know much about keeping their computer safe, and probably will end up generating it in a "risky environment", in the long run, for a beginner, it's definitely easier to just use a hardware wallet.

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September 06, 2018, 03:44:25 AM
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I recommend to anyone that wants to use any site that generates private keys that they should thoroughly check the legitimacy of the site first.

It is very easy to make a phishing site that records all of the private keys and later steals any coins sent to them.

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September 06, 2018, 03:49:39 AM
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I use paper wallets generated by https://coinb.in and use coinbin to generate transactions when needed. If you save the website and access it offline (to generate keys and sign transactions - you need internet only to fetch inputs and broadcast tx) your keys should be safe. You can encrypt the keys with a strong password then save and backup securely.

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September 07, 2018, 01:41:19 AM
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So I checked it out, and walletgenerator.net seems legit. I didn't find any scam accusations online, and they even recommend you download a local copy on Github. Neither of those prove anything, but they kind of help. You may still want to stick to more well-known and reputable ones though, especially if you can't verify the code. They're apparently very legit. Make sure you don't use any other domains though (like walletgenerator.org), because those could be dangerous.

I didn't check out the other ones. Make sure you research properly if you're going to create a wallet with them.

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