This is all great info because I plan on transferring my varying coins to paper wallets to get them off exchanges.
Could you help explain this bit to me though? So say I want a paper wallet for a litecoin. I would get it here?
https://liteaddress.org - how do I do this without going on the internet? I have a Kindle that has never been used so I figure I can use that device, but *how* do I make a transfer? I just don't know where to begin.
The procedure is described nicely with the link pinksheep provided:
http://www.reddit.com/r/BitcoinWallet/comments/1p6y5c/secure_paper_wallet_tutorial/Basic steps:
- Go to the homepage liteaddress.org
- Save the html page by e.g. pressing ctrl-s.
- Copy html page to a usb drive.
- Boot a clean PC that is not in any way connected to the internet, intranet or wifi.
- Run html page from your usb drive.
- Create your private key, write down on a piece of paper.
- Turn off your PC.
Additional security:
- Verify the with Ninja's PGP signature to make sure that your local html file has not been tapered with.
- Use onscreen keyboard if inputting seed, e.g. Base6 number.
- Format your harddrive and usbdrive after private key is generated.
You can do this more securely, depending on your level of paranoia, this topic is discussed many places in this forum, the steps I have listed is only the basic steps.