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Create a Bitcoin Paper wallet

Create a Bitcoin Paper wallet
Paper Bitcoin wallet

One of the most popular ways to safely store your bitcoins is the so-called "Paper Wallet". We will tell you how to put all your digital coins in this physical paper form with the help of a printer.

Note that this article is Bitcoin. However, the basic concepts behind it also apply to every other crypt diet such as Litecoin.

What is a wallet and why do I need it?

A Bitcoin Wallet consists of two "keys". With the one you should already be something familiar: the public key. This is your wallet address and other people can send you Bitscoins.

The other part of your Bitcoin Brieftaschen is the private key. This allows you to send bitcoins to other people.

The combination of the recipient's public key and your private key makes a transaction with cryptoscripts possible.

It is very important to understand that if someone finds the private key of your wallet, that person can withdraw your money - so it is absolutely important that no one can find it.

So you should keep your coins either in an online wallet or hard drive-based software wallet until you are prone to hacking or malware attacks that can record your keystrokes.

Also a stolen PC or hard disk crash could cause you to say "goodbye" to your digital treasure.

If you handle it carefully, a paper stock can save you from such opportunities.

What is a paper stock market?

A paper stock is a document that contains copies of the public and private keys that make up the wallet. It often has QR codes so you can scan them quickly and simply type the keys into the software to perform a transaction.

The advantage of a paper book is therefore that the keys are not stored anywhere in the digital world and thus can not become the target of a cyber attack or hardware error.

The disadvantage of a paper stock is that paper and ink decompose, and paper is prone to itself - it is definitely useful to keep it away from fire and water.

In addition, you can never access the bitcoins at this address when you lose your paper wallet.

Paper exchange itself

Here are 10 steps to create a paper book:

To generate a new Bitcoin address, open BitAdress.org in your browser (or LiteAdress.org for litecoin).
BitAdress (but not LiteAdress) will ask you for random input by either typing randomly or moving around the mouse pointer.
Your public and private key as well as their QR codes are displayed. Do not scan.
Click the Paper Book tab.
Select the number of addresses to be generated.
If you do not want to keep the Bitcoin graphic, click the "Hide art" button. Button.
Click the "Generate" button to create new Brieftaschen.
Once the Brieftaschen are created, click on "Print" to make a fixed copy of it.
Your browser will ask you which printer to use. In the case of Google Chrome, you can also save the page as a PDF file.
Write the public address, or scan the QR code of the public address into your Bitcoin (or Litecoin) app and begin to deposit your money.
There is also a basic paper wallet option for users of Blockchain.info. Click on the "Import / Export" option and look for the "Paper Wallet" link in the left menu.

Bitcoinpaperwallet.com provides an even more advanced approach to your wallet.

The website offers a tamper-proof design of paper folders. It is also possible to order holographic labels to show that this wallet has not been counterfeit. In addition, a live boot Ubuntu CD with preinstalled paper wallet software is offered.

Safety aspects

If you consider the effects and risks of storing a large amount of money, you should take serious precautions regarding the creation and storage of your paper folders.

Let no one see you how to create your wallet
BitAdress and LiteAdress provide the encryption of private keys by n BIP38 algorithm. This provides a two-factor authorization for your paper wallet, e.g. Something you've got (your paper wallet), and what you know (passphrase / password). It should also be noted that you need the same web page in the future to decrypt the private key again.
To remove any risk of spyware, you should have a newly suspended
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