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One of the most popular options for keeping your bitcoins safe is something called a paper wallet.Here we explain how to transfer all those digital coins into a physical paper form using just a printer.Note that in this guide we’ll be talking about bitcoin.However, the basic concepts apply to any other cryptocurrency; for example, litecoin.A bitcoin wallet consists of two ‘keys’.The one you’ll already likely be familiar with is the public key, which is your wallet address and is how other people send bitcoins to you.The other part of your bitcoin wallet is the private key.It is this that enables you to send bitcoins to other people.The combination of the recipient’s public key and your private key is what makes a cryptocurrency transaction possible.It is important to understand that, if anyone else obtains the private key of your wallet, they can withdraw your funds – this is why it’s absolutely essential that nobody else discovers it.So, if you keep your coins in either an online wallet, or a hard-drive-based software wallet, you are vulnerable to attacks by hackers or malware that can log your keystrokes.

Furthermore, a stolen PC or a hard-drive crash could also see you waving bye-bye to your digital treasure.Used with care, a paper wallet can protect you from these possibilities.A paper wallet is a document that contains copies of the public and private keys that make up a wallet.Often it will have QR codes, so that you can quickly scan them and add the keys into a software wallet to make a transaction.The benefit of a paper wallet is that the keys are not stored digitally anywhere, and are therefore not subject to cyber-attacks or hardware failures.The disadvantage of a paper wallet is that paper and ink can degrade, and paper is relatively fragile – it’s definitely worth keeping well away from fire and water for obvious reasons.Furthermore, if you lose a paper wallet, you’ll never be able to access the bitcoins sent to its address.Here are 10 steps needed to create a paper wallet: For users of the Blockchain.info website, there is also a basic paper wallet option too.Click on the ‘Import/Export’ option, and look for the ‘Paper wallet’ link on the left-hand menu.

This website offers a tamper-resistant design of paper wallet.It is also possible to order holographic labels to demonstrate that the wallet hasn’t been tampered with.It also supplies a live-boot Ubuntu CD with paper-wallet software pre-installed.Given the implications and risks of storing large amounts of money, you may want to take serious precautions for how to go about creating your paper wallet and storing it afterwards.Tips for keeping your paper wallet safe If you want to create a paper wallet for a lesser-used currency that doesn’t have an address generator website, there is still a way to achieve this.
bitcoin gebührenWhat every alt-currency does have is a variation of the Bitcoin-Qt wallet application.
bitcoin what is segwitThe console will then display the private key of that wallet.
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You then have the public and private keys of the wallet.You can print these ‘as is’, or you can opt to generate QR codes to print.However, the wallet details will still exist in your computer.The only way to remove them it is to open your file explorer in the ‘C:\Users\[YourUsername]\AppData\Roaming\[Wallet App Name]\’ folder and delete the ‘wallet.dat’ file.NOTE: this will remove all addresses held in the software wallet, and you should make sure that there are no funds remaining in the other addresses you will be deleting.
litecoin scryptNow you should be the proud owner of an unhackable paper wallet for your digital currency.
bitcoin java walletIf a paper wallet is not for you, however, you could use your own mind with a brain wallet.
buying litecoin in usFor more options, please see our guide to storing bitcoin.
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