Paper wallet for BTC used to be the best

[Crypt0Gore]

Between paper wallet and hardware wallet which one is more superior than the other for Bitcoin? What matters the most to me is keeping your Bitcoin keys offline and which one is best practice for this? Years back paper wallet triumph over everything until hardware wallet came and every advice on the forum now is get a hardware wallet.

Which paper wallet generator still functions today? Also is there any risk using paper wallet apart from keeping the phrase offline?

[Charles-Tim]

Which paper wallet generator still functions today?

I will advice you to use HD paper wallet, like using Electrum wallet or Iancoleman on an airgapped device with a newly reinstalled OS, making sure Bluetooth, WiFi and other connectivity means are removed or not working while generating the HD paper wallet. You do not have to worry if you want something similar to BIP38 encryption, just use passphrase. But if you like the old ways, use https://github.com/pointbiz/bitaddress.org zip

Generate the wallet, backup the wallet offline on paper or on steel sheet and delete the wallet which makes it a paper wallet.

Also is there any risk using paper wallet apart from keeping the phrase offline?

The risk is if you do not generate it properly. If you want to hold only bitcoin and not spending it for a long time, paper wallet is good, your keys are offline, and online attacks won't be possible. But protect your seed phrase. If you add passphrase with it, do not backup seed phrase and passphrase together but differently in different locations.

[Rikafip]

Between paper wallet and hardware wallet which one is more superior than the other for Bitcoin?

For vast majority of people hardware wallet is the way to go because beside hardware wallet being more convenient for use, its not so easy to properly make a paper wallet, without messing up one of the steps and that could have dire consequence.

[Synchronice]

Between paper wallet and hardware wallet which one is more superior than the other for Bitcoin? What matters the most to me is keeping your Bitcoin keys offline and which one is best practice for this? Years back paper wallet triumph over everything until hardware wallet came and every advice on the forum now is get a hardware wallet.

Which paper wallet generator still functions today? Also is there any risk using paper wallet apart from keeping the phrase offline?

Ink and paper functions very well today without the need of any 3rd party program or device like qr generator and printer.
I want to remind you that paper wallet isn't the safest option out there because paper can degrade, are susceptible to environmental factors, etc. Imagine, water somehow reaches the paper, guess what? You lost your keys. What if somehow there is fire at your home or in the place where you keep your paper? There is a high chance, believe me. Also, the ink on paper can easily fade away over time. What's the last time you wrote down something on the paper and lost it? No, paper is not a safe option!
Better to use hard wallet!

[hZti]

Paper Wallet is very cheap and easy to make, but it is only usable for long term storage of small amounts. And even for that it has the issue that the paper can be damaged!
Hardware Wallet is good for everyday use and can be backed up in many secure ways. With no back up it is also not very secure!

[Charles-Tim]

Paper Wallet is very cheap and easy to make, but it is only usable for long term storage of small amounts. And even for that it has the issue that the paper can be damaged!

Paper wallet is easy to make but few people will generate it properly because what I can see more are people that generates it on an online sites and making use of ATMs that might also generate it online.

If I use passphrase while using seed phrase to generate a paper wallet, which I believe is secure and safe against both online and offline attacks, I can store high amount of money on it.

Hardware Wallet is good for everyday use and can be backed up in many secure ways. With no back up it is also not very secure!

What do comes with hardware wallet for seed phrase backup? It is paper. If you want a better backup, you can buy steel sheet, but you can also backup paper wallet on steel sheet too, like having one back on paper and the other backup on steel sheet. It depends on the approach that you use.

[hZti]

Paper Wallet is very cheap and easy to make, but it is only usable for long term storage of small amounts. And even for that it has the issue that the paper can be damaged!

Paper wallet is easy to make but few people will generate it properly because what I can see more are people that generates it on an online sites and making use of ATMs that might also generate it online.

If I use passphrase while using seed phrase to generate a paper wallet, which I believe is secure and safe against both online and offline attacks, I can store high amount of money on it.

The issue is that it can not be used more then one time, since the change address will usually not be part of the paper wallet. So fo every transaction you will need a new paper wallet that is not compromised.
The steel backup of a paper wallet makes also not really sense because of what I said above.

[Rikafip]

The issue is that it can not be used more then one time, since the change address will usually not be part of the paper wallet. So fo every transaction you will need a new paper wallet that is not compromised.

Why would you have to change the address for every transaction when you can simply send bitcoin to the same one? I am doing the same thing with my Ledger, sending bitcoin to the same address for a long term hodl.

[Lucius]

One wonders what someone has been doing on the forum for more than a year and a half when they ask beginner's questions like this, which have been asked dozens of times along the way.

I guess we have established that some larger amounts should not be trusted to any hardware wallet or hot desktop/mobile wallet, and that a paper wallet has its own risks when it comes to creating the same, but also storing it. In addition to all the risks involved in creating and keeping such a wallet, many are not even aware of how to actually spend funds from their paper wallet in the correct way - and this can lead to the loss of BTC.

Namely, when they want to spend their BTC, users import their private keys into the newly created wallet, make a transaction and delete the wallet without even taking into account the fact that part of the unspent coins goes to a change address that they no longer have access to. A much safer way is to simply sweep private keys in wallet, which sends all BTC to the newly created address, for which you then have a backup in the form of a seed.

[Kakmakr]

Well, both methods have their advantages and disadvantages....

I use both methods to take advance of the strengths of both options to store my coins. I know how to make a "safe" Paper wallet.... so I use that option for long-term storage (make several copies & store copies in different geographical locations) and it is very cheap to do this.

I use hardware wallet for coins that I frequently use, because the hardware wallets are more accessible for coins that you frequently use. You can also store different coins on the same wallet... which is a bonus.  

[Upgrade00]

There is a high chance, believe me. Also, the ink on paper can easily fade away over time. What's the last time you wrote down something on the paper and lost it? No, paper is not a safe option!
Better to use hard wallet!

I have written down countless things I didn't want to lose and haven't lost any as yet. Also ink doesn't degrade as quickly as it is touted to be; Get a good ink pen and a note pad, write down what you wish to store and keep it in a secure location where it cannot be easily touched by water or accessed by people you don't want reading it.

For a natural disaster, having more than one secure location provides a safe backup as a contingency plan.

Why would you have to change the address for every transaction when you can simply send bitcoin to the same one? I am doing the same thing with my Ledger, sending bitcoin to the same address for a long term hodl.

Maybe as a security action, since the public key would be publicly visible after the transaction.

[Outhue]

OP you are wrong, hardware wallet is the best for newbies as it's easier to handle in terms of security than paper wallet, the main problem is how to generate that paper wallet safely without messing anything up, it's not that easy like a hardware wallet.

The best crypto wallet right now is hardware wallet, it is the most recommendable for crypto newbies and old crypto users without worrying about any damages, paper wallet is not reliable because it's vulnerable to natural disasters. Even inks do fade as time goes by.

[Baofeng]

Between paper wallet and hardware wallet which one is more superior than the other for Bitcoin? What matters the most to me is keeping your Bitcoin keys offline and which one is best practice for this? Years back paper wallet triumph over everything until hardware wallet came and every advice on the forum now is get a hardware wallet.

Which paper wallet generator still functions today? Also is there any risk using paper wallet apart from keeping the phrase offline?

You can read this:  Vulnerability discovered on bitcoinpaperwallet[.]com - DO NOT USE IT, and this thread that I created before, Disclosure: Key generation vulnerability found on WalletGenerator.net.

So not sure what paper wallet generator that still functions as of today because there could be malicious attackers as well.

I guess for newbies, paper wallet are not recommended in my opinion.

[klidex]

Between paper wallet and hardware wallet which one is more superior than the other for Bitcoin? What matters the most to me is keeping your Bitcoin keys offline and which one is best practice for this? Years back paper wallet triumph over everything until hardware wallet came and every advice on the forum now is get a hardware wallet.

Which paper wallet generator still functions today? Also is there any risk using paper wallet apart from keeping the phrase offline?

I personally have more trust and confidence in hardware wallets to store my Bitcoin assets.
I think hardware wallets are more secure and can guarantee because they have better and more advanced networking features than paper wallets.
I have never experienced any problems whatsoever in storing my bitcoin assets.
However, the beliefs and beliefs of each person will be different and certainly have different opinions.
That's why I say from experience that I have lived myself.

[Marvelman]

Both paper wallets and hardware wallets have their own advantages and disadvantages when it comes to storing Bitcoin. Paper wallets are considered to be one of the most secure ways to store Bitcoins, because they can be stored offline and require no internet connection. On the other hand, hardware wallets are more expensive than paper wallets but also offer additional features such as a built-in screen, the ability to make transactions and are easy to use. The choice between the two ultimately depends on the user's specific needs and preferences.

[rat03gopoh]

Paper wallet is store phrase offline by default, but it is very risky to literally mean "paper wallet" using paper media. You should consider other media that are more resistant to damage.
To be honest, I'm not really sure about this method anymore when imagining the surroundings, OP you should think about this too.

[posi]

OP you are wrong, hardware wallet is the best for newbies as it's easier to handle in terms of security than paper wallet, the main problem is how to generate that paper wallet safely without messing anything up, it's not that easy like a hardware wallet.

The best crypto wallet right now is hardware wallet, it is the most recommendable for crypto newbies and old crypto users without worrying about any damages, paper wallet is not reliable because it's vulnerable to natural disasters. Even inks do fade as time goes by.

OP is correct, paper wallets used to be the top choice until hardware wallets came along, and obviously, hardware wallets are the best and a lot more convenient these days.

As for the preservation of the seed phrase, each person will have a different way of preserving it, if you keep the seed phrase of the hardware wallet on paper, it will not be possible to avoid the risks as you said. This means it's up to you, don't blame paper wallets in this case.

If comparing a custodial wallet with a non-custodial wallet, a non-custodial wallet will be the safest, compared to a hot wallet and a cold wallet, a cold wallet will be the safest.

[hosseinimr93]

So not sure what paper wallet generator that still functions as of today because there could be malicious attackers as well.

Take note that for generating a paper wallet, you don't have to use such services.
Any tool that can generate a private key offline can be used for generating a paper wallet. For example, you can run electrum on an air-gapped device, create a wallet and write down (or print using a safe printer machine) the seed phrase or each of the private keys on a paper. That can work as a secure paper wallet perfectly.

[AverageGlabella]

Between paper wallet and hardware wallet which one is more superior than the other for Bitcoin?

For vast majority of people hardware wallet is the way to go because beside hardware wallet being more convenient for use, its not so easy to properly make a paper wallet, without messing up one of the steps and that could have dire consequence.

Generate private key & seed with Bitcoin core or electrum. Then write those down on a piece of paper. What could be more easy then this? Hardware wallets come with a cost where a paper wallet only costs what the piece of paper and ink that you use. If you understand btc you should be able to securely generate a paper wallet if you do not understand btc then you should probably not be using a hardware wallet or btc and learn about it before holding anything in btc.

[tbct_mt2]

Don't use websites or services that tell you to have paper wallet services for everyone. They can have backdoors on their websites and they can have your private keys or seeds while you're creating your wallets.

Use high quality and trusted wallet softwares like Bitcoin Core, Electrum wallets.

Download them, verify their PGP signatures. If you verify successfully, you can continue to use downloaded softwares and generate your wallets.

When you create your wallets, do it offline.

After that, make your backups on paper and you will have your own paper wallet. It is very safer than using website-based paper wallets.

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