How to make a paper wallet for altcoins

Contribution from frazcoin. With Bitcoin , Ethereum, and a host of other cryptocurrencies once again making headlines following an incredibly bullish year, crypto security has never been more important, this guide will teach you how to protect your cryptocurrency with a paper wallet and cold storage. Add support for Stratis and NavCoin. Hungry for knowledge? Add support for IncaKoin. Its reliability remains to be tested but it could alleviate warranted concerns over storing private keys digitally.

What is Bitcoin paper wallet?

In my earlier guide on best Bitcoin walletsI talked a little about Bitcoin paper wallets. When you are storing your bitcoins for a longer term, using a paper wallet ensures maximum safety. In this tutorial, you will learn how you can make a Bitcoin paper wallet. I am assuming that you already have a software wallet, and you want to secure your bitcoins offline. Once you have procured the above things, you are ready to make a paper wallet.

How do paper wallets work?

A printer and a little know-how is all it takes. Exchange accounts can be hacked, mobile wallets breached, and smartphones lost, stolen or destroyed. But paper? Be it as a backup of an existing hardware, mobile or desktop wallet, or as a standalone wallet that exists solely offline, paper is perfect. The ultimate form of cold storage, a paper wallet simply consists of a printout of the private and public keys to your address.

How to make a Bitcoin Paper Wallet

Your Keys, Your Bitcoin.

Private Key Wallet Import Format :. The least secure are undoubtedly those hosted on Exchange sites. Add support for SmileyCoin. Keep in mind that a lot of printers store printed files on their own memory, which could be a vulnerability for your private keys to be compromised. This way you can make seamless democratic transactions in your company. Setting up a paper wallet Setting up a paper wallet for Ethereum Xltcoins wallet risks Importance of private keys and restoration methods Under lock and key Cloud-Based Storage Restoring a cold storage wallet Paper Wallet: Final Qallet. It must be kept totally secret. Add support for ROIcoin. Contribution from Flurbos. After confirmation, you can proceed with a transaction by using the wallet software to spend the Bitcoin as you altcokns normally with a software wallet.