CryptoMav
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How to make a paper wallet

Mon Jul 09, 2018 7:52 am

On June 19, cryptocurrency exchange website Bithumb posted a series of tweets declaring that it was disabling its deposit and withdrawal services due to safety issues and asked its users to avoid depositing funds in their wallets until further notice. It later became evident that hackers had breached the South Korea–based exchange and had stolen $30 million worth of cryptocurrency from users’ wallets.

Bithumb can consider itself lucky. In eight years since the founding of the first online bitcoin exchange, there have been many similar hacks, some of them worth several hundred million dollars.

Most users store their bitcoins and digital currencies in online exchanges such as Coinbase, Bitfinex and Kraken. Online exchanges assume responsibility for storing and securing the funds of their users. This provides a convenient experience to the users of those exchanges, many of whom have minimal or no knowledge of cryptography, but it also makes them a very attractive target to cybercriminals seeking to lay their hands on a large amount of hard-to-trace money.

That’s why users who want to take the security of their bitcoins into their own hands use "cold storages," offline stores that aren’t accessible to hackers. One of the more popular types of cold storage is “paper wallets,” which, as the name suggests, are bitcoin wallets made of paper (although they can be made of plastic or metal or any other suitable material). Paper wallets are impervious to online hacks and cyber-attacks, but they come with their own caveats.

What is a paper wallet?
Read more here: https://amity.io/blog/how-to-make-a-paper-wallet/

nathanielouliver
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Re: How to make a paper wallet

Wed Jul 11, 2018 2:34 pm

A paper wallet is a document containing all of the data necessary to generate any number of Bitcoin private keys, for additional security paper wallets can be split into shares. There are websites that will generate a paper wallet for you and then you can print it out.

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bitkilo
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Re: How to make a paper wallet

Thu Jul 12, 2018 3:51 am

A paper wallet is a document containing all of the data necessary to generate any number of Bitcoin private keys, for additional security paper wallets can be split into shares. There are websites that will generate a paper wallet for you and then you can print it out.
This is completely false and misleading.
A standard paper wallet contains 1x public key, and 1x private key only.

I would also warn anyone about using any online websites to generate a paper wallet, very unsafe.
You can use our service here: https://tools.bitcoin.com/paper-wallet/, just make sure that you open the page offline before generating the paper wallet.
Please help Ross and his family during this hard time by donating to the https://freeross.org/ fund. Play at the best provably fair Bitcoin games site here: games.bitcoin.com Need a fantastic Bitcoin wallet Pick up some great Bitcoin.com swag here

ryan.hardingg
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Re: How to make a paper wallet

Tue Jul 24, 2018 5:10 pm

A paper wallet is a document containing all of the data necessary to generate any number of Bitcoin private keys, for additional security paper wallets can be split into shares. There are websites that will generate a paper wallet for you and then you can print it out.
This is completely false and misleading.
A standard paper wallet contains 1x public key, and 1x private key only.

I would also warn anyone about using any online websites to generate a paper wallet, very unsafe.
You can use our service here: https://tools.bitcoin.com/paper-wallet/, just make sure that you open the page offline before generating the paper wallet.
oh, thanks!
So I need a new unique paper wallet for each cryptocurrency?

waitingforday
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Re: How to make a paper wallet

Sun Oct 14, 2018 9:53 am

Really good optin, tnx for the article

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Re: How to make a paper wallet

Mon Oct 15, 2018 2:21 pm

Hi do not be tired
So what is Beat Coevin's wallet for?
:x cloner Young :x

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Re: How to make a paper wallet

Wed Nov 07, 2018 10:59 pm

Great, now I will turn the inside of my books into storage vaults.
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bitkilo
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Re: How to make a paper wallet

Thu Nov 08, 2018 1:36 am

The new link for the Bitcoin.com paper wallet generator is: https://paperwallet.bitcoin.com/

The winner of our paper wallet design competition was - Ray Uber, congratulations Ray :)
Please help Ross and his family during this hard time by donating to the https://freeross.org/ fund. Play at the best provably fair Bitcoin games site here: games.bitcoin.com Need a fantastic Bitcoin wallet Pick up some great Bitcoin.com swag here

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Re: How to make a paper wallet

Thu Nov 08, 2018 7:58 am

It is strange to keep crypto on paper wallets. xD

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CristianNt
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Re: How to make a paper wallet

Sat Dec 08, 2018 4:58 pm

It is strange to keep crypto on paper wallets. xD
:D

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