Paper wallet could be the most secure way to store your private key

[binarytyas]

For holding (or hodling!) Bitcoin, there's arguably nothing better than a "paper wallet", which is a single Bitcoin address to which you own the private key, which you can print or write down on a piece of paper for safe storage in bank vault or other secure place.

Here is a proposed process to securely create your Bitcoin address, safe in the knowledge that the private key wasn't eavesdropped upon by a computer virus or keylogger:

It is best to use a separate computer for your Bitcoin-related activities. A cheap Google Chromebook is recommended, since it is a restricted operating system, developed by Google, and is hence harder to hack than a Windows or Mac PC. Be sure to update the operating system to the latest version.
Reboot your computer (to ensure it boots up as cleanly as possible), then open a new Incognito Window in Chrome, and visit http://www.bitaddress.org.
Once the website loads, switch off your wifi/network connection. This is to ensure that if ever your PC was infected by a virus, that the virus couldn't send any data over the network.
With the wifi/network off, you can then follow the process described at bitaddress.org to create your Bitcoin address. Once the address is created, you can print it on a piece or paper, or copy it into your password safe. Once done, close down the Incognito Window in Chrome, and boot down your PC. Note that during all this time, your wifi/network should remain disabled.
You are now the proud owner of a Bitcoin address and its associated secret key. Keep it locked up safely!

For experimenting with small amounts of Bitcoin, you may also use Binary.com's simple web wallet. However note the disclaimer at the bottom of that website - the wallet sacrifices some security features for sake of ease of use.

Full article click here: blog.binary.com/how-to-securely-create-a-bitcoin-paper-wallet/

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Nicely written article Binary.com CEO, Mr. Jean Yves Sireau. Who would've thought that paper wallet could be the most secure way to store your private key!


Trade the financial market using your cryptocurrencies with Binary.com

[Windowly]

Paper wallets are a secure way of storing bitcoin if they are generated securely in an air-gap computer and printed in a secure way. (Lots of printers keep records of what was printed.)

Unfortunately, paper wallets are not secure when using the stored bitcoin.

The best way to store and then use that stored bitcoin is to use a hardware wallet, like the Trezor or Ledger.

[CryptoBlackHat]

I agree, there's nothing special about the security qualities of paper The only thing special about it is that it's offline. But one major disadvantage is that it's human-readable if someone finds it (can't be protected by an encryption passphrase).

You could achieve at least as good security with a hardware device that's kept offline. With the advantage of an encryption passphrase, and the possibility to securely sign transactions on-key without needing to reveal your private key to whatever malware may be running on your machine.

This is the same reason a Yubikey+password is better for security than a long, random password written on paper.

[Windowly]

And Trezor works as good a Yubikey for websites as well which is quite nice and handy. I use my Trezor on gmail, github, facebook and wherever else I can harden my security with it.

[ahpowell75]

I use ledger wallet to store my cryptocurrency.......love it.


Check out the website
https://www.ledgerwallet.com/r/2ffc?pat ... MY_TRACKER

[BayAreaCoins]

Paper wallets are a secure way of storing bitcoin if they are generated securely in an air-gap computer and printed in a secure way. (Lots of printers keep records of what was printed.)

Unfortunately, paper wallets are not secure when using the stored bitcoin.

The best way to store and then use that stored bitcoin is to use a hardware wallet, like the Trezor or Ledger.

Fuck that.

Paper is the best way hands down. (perhaps not paper)

I wouldn't keep shit on a Trezor or Ledger that I didn't mind losing or having hardware failure.

[Book of Ra]

I really don't know about Paper wallet...