redarmy
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Joined: Sat Dec 02, 2017 11:40 am

Paper wallet confusion

Sat Dec 02, 2017 11:46 am

I just opened paper wallet. now let's assume i funded it with some bitcoins from ATM etc..
How can i spend the money without the need to have a wallet? what's the point of security if i have to share my private key with some wallet?
what am i'm missing here?

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Re: Paper wallet confusion

Sun Dec 03, 2017 3:12 pm

That is a big problem with paper wallets. They are very secure for storing cryptocurrency. Not so secure when you want to send the Bitcoin somewhere else.

If you do sweep the wallet (say with Bitcoin.info's online wallet) do make sure not to use that paper wallet address again as the private key has been compromised.

The best ways to keep cryptocurrency currently is an air-gap computer or a Trezor or Ledger. (Both are sold on Amazon and through their websites.) They are hardware wallets that allow you to both store and use your cryptocurrency safely.
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DavidArno
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Joined: Tue Oct 17, 2017 1:58 pm

Re: Paper wallet confusion

Thu Dec 07, 2017 10:22 am

on Amazon is dangerous to buy wallets because you can get on scammers, no one knows who was the previous owner

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