What’s a ‘Paper Wallet’? Do I need one?

Like a great many other current articles at Wild Duck , this post is organized as being a question-and-answer. That’s I am a Bitcoin columnist because it was originally my reply to a member of Quora, a Q&A site at which.

What exactly is a ‘Paper Wallet’

A paper wallet may be the ultimate offline wallet. It merely ensures that the personal target to your crypto wallet is printed in writing — either being a sequence of figures, a QR rule, or a few seed data recovery terms.

If you destroy any electronic content of the initial wallet (age.g. the private secrets that provide you usage of your wide range), then hiding this bit of paper is quite much like hiding a bar of silver. The best way that somebody can take it or understand the quantity it represents is to find their eyes and on the job one thing physical. They might have to know into your mattress or behind a secret panel of your cellar wall that you tucked it.

For me, a paper wallet, though safe, presents a large danger towards the owner—even larger than the potential for the equipment wallet to be hacked. We’ll arrive at this later on.

Exemplory instance of a Paper Wallet »

The following is a paper wallet printed onto a card click to enlarge. Continue reading