Author Topic: how to create paper wallet  (Read 583527 times)

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Offline William Turner

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Re: how to create paper wallet
« Reply #180 on: May 18, 2023, 09:13:32 AM »

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[font=Söhne]As an expert in cryptocurrency security, I can confidently say that a paper wallet is the epitome of offline storage. Its simplicity, combined with its robustness, makes it an ideal choice for long-term asset protection.[/font]

Offline Danny Ross

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Re: how to create paper wallet
« Reply #181 on: May 18, 2023, 09:15:32 AM »
[font=Söhne]Creating a paper wallet is not just a means of securing your cryptocurrencies; it's a declaration of self-reliance and sovereignty in the decentralized world. Embrace the power of offline storage.[/font]

Offline ramtraongh

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Re: how to create paper wallet
« Reply #182 on: May 18, 2023, 09:17:53 AM »

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Offline Joseph Anderson

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Re: how to create paper wallet
« Reply #183 on: May 18, 2023, 09:18:51 AM »
[font=Söhne]As a crypto expert, I emphasize the importance of practicing good security measures when creating a paper wallet. Keep it hidden, protect it from physical damage, and consider using a tamper-evident seal for an extra layer of assurance.[/font]

Offline ramtraongh

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Re: how to create paper wallet
« Reply #184 on: May 18, 2023, 09:20:22 AM »

  • [font=Söhne]Creating a paper wallet requires a meticulous approach to ensure the highest level of security. It's essential to generate a strong random seed, properly store the public and private keys, and regularly update your wallet by transferring funds to a new address. Stay vigilant and safeguard your crypto assets with utmost care.[/font]

Offline miabaker

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Re: how to create paper wallet
« Reply #185 on: May 23, 2023, 09:11:40 AM »
Hi, a paper wallet is a way to store your Bitcoin offline by printing your private and public keys on a piece of paper. A paper wallet is more secure than a hot wallet because it is immune to hacking and malware attacks. However, a paper wallet also has some risks, such as losing or damaging the paper, or exposing it to someone who can steal your funds. Here are the steps to create a paper wallet:
  • Go to a reputable paper wallet generator website. Make sure you are using a secure and private internet connection and device.
  • Follow the instructions on the website to generate some randomness by moving your mouse or typing random characters. This will create your private and public keys and corresponding QR codes.
  • Print the paper wallet using a printer that is not connected to the internet or any network. You can also write down the keys and QR codes by hand if you don’t have a printer.
  • Cut out the paper wallet and fold it to hide the private key and QR code. You can also laminate the paper wallet or put it in a ziplock bag to protect it from water and wear.
  • Store the paper wallet in a safe and secret place, such as a safe deposit box or a fireproof safe. Do not share your paper wallet with anyone or take a photo of it with your phone or camera.
  • To use your paper wallet, you can scan the public key QR code with any Bitcoin wallet app to check your balance or receive funds. To spend your funds, you need to scan the private key QR code with a compatible Bitcoin wallet app and import or sweep your funds into a hot wallet. Be careful not to expose your private key to any online device or service.

Offline cocona

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Re: how to create paper wallet
« Reply #186 on: May 24, 2023, 03:37:56 AM »
Thanks for information. eiei

Offline jamesmillere

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Re: how to create paper wallet
« Reply #187 on: May 24, 2023, 05:03:37 AM »
Hi,
Creating a paper wallet manually can be a secure way to store your crypto assets offline. You can follow the steps given below to create a paper wallet manually:

Understand the Basics: A paper wallet is essentially a physical printout or written copy of your public and private keys. The public key is used to receive funds, while the private key is needed to access and transfer those funds. It's important to keep your private key secure and secret, as it grants access to your funds.

Generate a Private Key: To generate a private key manually, you can use a secure random number generator. You can roll a dice multiple times (e.g., 99 times) and convert the resulting sequence of numbers into a binary format. You can then convert the binary format into a base58 format (using a conversion table) to obtain a private key.

Derive the Public Key: The public key is derived from the private key using a specific algorithm, such as Elliptic Curve Cryptography (ECC). Without going into the intricate details of the algorithm, you can use an online tool or programming language to perform the necessary calculations to obtain the public key.

Calculate the Bitcoin Address: The Bitcoin address is derived from the public key using a series of cryptographic functions. The most common way is by performing a SHA-256 hash followed by a RIPEMD-160 hash on the public key. You can use a programming language or a tool with SHA-256 and RIPEMD-160 functions to perform these calculations.

Print or Write Down the Details: Once you have obtained the private key and Bitcoin address, you can either print them out on a piece of paper or write them down manually. Make sure to use clear handwriting and keep multiple copies in a safe and secure place.

Fund Your Paper Wallet: To send funds to your paper wallet, you can use any cryptocurrency exchange or wallet that allows you to send funds to a specific Bitcoin address. Simply enter the Bitcoin address of your paper wallet as the recipient when making a transaction.

Remember, creating a paper wallet manually requires a good understanding of cryptographic principles and proper security practices. Ensure that you are in a secure environment, use trusted tools for calculations, and double-check your work to avoid any mistakes. Additionally, consider the risks of handling private keys physically and take necessary precautions to protect your paper wallet from damage or loss.

It's important to note that the above guide is a simplified explanation, and for a comprehensive understanding, you may want to explore cryptographic concepts further. Always prioritize security and consider seeking advice from experienced crypto enthusiasts or professionals when handling significant amounts of cryptocurrency.
Thanks
James Millere
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Offline Germessi999

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Re: how to create paper wallet
« Reply #188 on: June 09, 2023, 12:19:57 PM »
thanks for the info

Offline Wonderbeat

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Re: how to create paper wallet
« Reply #189 on: June 14, 2023, 01:54:44 PM »
Hi, in my opinion, paper wallet it the best way to keep your bitcoins safe, I would also recommend using encryption for the paper wallet so that I cloud not be readily understandable.


Agree with this opinion

Offline graceanderson.7

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Re: how to create paper wallet
« Reply #190 on: August 02, 2023, 06:39:35 PM »
Choose a reputable paper wallet generator or download an offline wallet generator. Disconnect your device from the internet for added security. Follow the instructions on the generator to create a random private key and corresponding public address. Print the generated information on a physically secure printer. Store the printed paper wallet in a safe place, away from moisture and potential damage. To add funds, send cryptocurrencies to the public address. To spend or transfer funds, import the private key into a digital wallet. Always keep the paper wallet secure to avoid unauthorized access.

Offline Tynuy

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Re: how to create paper wallet
« Reply #191 on: August 04, 2023, 06:46:37 PM »
Try cold storage)

Offline zahttyuy

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Re: how to create paper wallet
« Reply #192 on: August 08, 2023, 01:53:51 AM »
any consequences thereof

 

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