Bitcoin step by over 94,000 students, learn all you need to know about Bitcoin. One Email a Day, 7 Days in a Row. What is a Bitcoin paper wallet ?
Some people would prefer keeping their private key offline in what is known as Cold Storage. How do I create a non secure paper wallet Creating a paper wallet is pretty easy, the trick is to secure it correctly. Your Bitcoins can then be stored through the public address on the left. Why is this considered non secure ? First of all you’re connected to the web while doing this, this means that someone may have the ability to see what’s going on on your screen.
Last but not least, if you’re using Windows you may have been subjected to Malware which you are unaware of. This may put your private key at risk as people may be monitoring your actions. How to create a SECURE paper wallet If you’re really serious about safeguarding your Bitcoins you have to make sure you create a secure paper wallet. This process is a bit tedious but is worth the effort. Why is this process considered secured ? You’re not connected to the Internet while producing your private key.
Install Ubuntu on your flash drive IMPORTANT: This step will erase everything you have on the flash drive. Ubuntu ISO file you’ve downloaded in the previous step. Disconnect your computer from the Internet At this point you would want to disconnect your computer from the Internet whether it’s Wi-Fi or a LAN connection. Make sure there’s no way remote access can be granted to the computer. When finished make sure you are still able to print a test page so you’ll know your printer is good to go.
Run your computer using Ubuntu from your flash drive By clicking F12 or F1 on computer load you will be able to choose to run your operating system from your flash drive. You can now load your paper wallet by using the public address on the left side. Bitcoin Video Crash Course Join over 94,000 students and know all you need to know about Bitcoin. One email a day for 7 days, short and educational, guaranteed. We hate spam as much as you do. You can unsubscribe with one click.