Demystifying Paper Wallet: What You Need to Know

Decoding Paper Wallet: Insights and Implications

What is Paper Wallet

Many users draw it in front of their private keys in a cold storage, i.e. somewhere offline without connection to the Internet. In terms of safety aspects, keeping in a cold storage has many advantages over a hot storage - i.e. wallets that have (can) a connection to the Internet in any form.

The simplest form for such a cold storage is when you write the cryptographic key pair on a piece of paper. According to many Bitcoin experts, Paper Wallet is one of the safest methods to store large amounts of Bitcoin.

Here you can find out how you have a

also interesting: the comparison of hardware wallets and paper wallets.