Edit ArticleHow to Store Bitcoin with a Paper Wallet Four Parts:Creating a Simple, Low Security Paper WalletCreating a High Security, Encrypted Paper WalletTesting your Bitcoin Paper WalletLoading a Paper Wallet with BitcoinCommunity Q&A Don't make it possible for criminals steal your bitcoins!One of the best ways to keep your bitcoins secure is to store them offline in a paper wallet that has never touched the live internet.Done poorly, a paper wallet is still less risky than storing coins in any Bitcoin exchange.Done properly, by following the precautions below, a paper wallet is one of the most secure ways to store your cryptocurrency period.1 1 Start with a computer that you are reasonably confident is malware and virus free.2 Using private browser mode, go to a bitcoin paper wallet creation site. and these instructions will use that site. site by checking the https certificates by clicking to the left of your browser URL as seen in the photo.Advanced users can be even more secure by downloading a copy of BitAddress from GitHub, verifying the software using the PGP signature, and moving it to a fully offline computer via USB key.

You can then run the BitAddress code offline by clicking the HTML file.3 loads, turn off the internet on your computer.4 Move your mouse around the screen wildly as instructed by the site.5 Keep going until you see that you've created two QR codes and large strings of apparently random numbers and characters as seen in the photo.Congrats, you just created a basic, low security paper wallet!On the left is a your Bitcoin address.In the example in the photo the address is "15TfQt6RyNrqjJknd3b3CRkbwfXJ3i3BNC".Think of this as your email address.It's OK to share it in public so people (or yourself) can send Bitcoin to the address.On the right is your private key.In this example it's "L4vfUiBm9XGeaXk8HWPkQfiTogQoZC6kzNnyPnqGEoBQaRXoAYkT" Think of this as the password to your email address.Never, ever share your private key with anyone or store it on a computer or the web.Anyone who can access your private key can immediately and irretrievably empty your wallet.If you are storing a small amount of Bitcoin and are OK with low security you can print out this wallet and stop now.

If you need higher security continue following the steps in Part 2 of this article.6 Store your paper wallet somewhere secure.2 1 Follow the instructions in Part 1 above and then click "Paper Wallet".It's also possible to do this with the other options such as Bulk Wallet, but for the sake of simplicity we'll use the Paper Wallet example.2 Click the checkmark next to "BIP38 Encrypt" and enter a passphrase.Congrats you have now created 3 high security paper wallets with encrypted private keys!Unlike in the example Part 1, the private key in this wallet is not stored in plain text.You will need to use your passphrase to open the wallet.This additional layer of security makes your wallet much more secure.4 Plug your computer directly into your printer and print your paper wallets.By not using the network to print, you avoid the albeit low risk that your network is compromised and might read your private keys.Print multiple copies of your paper wallet.This is a beauty of BIP38 paper wallets, you can have multiple backups, one in a bank safe deposit box, one in a home safe, one with your law firm, or whatever -- when BIP 38 protected all you have to be is trusting enough that the bank or whoever has it won't do a brute force attack.

5 Erase all copies of your paper wallet from your computer and printer before you reconnect to the internet.3 1 Before putting any significant amount of money in your wallet, verify that you can successfully decrypt your wallet.2 Create an online wallet that supports BIP38 encryption.3 Go to "Settings" then "Addresses" then click "Manage Addresses".4 Press the QR code scanner to bring up the QR code reader on your webcam.bitcoin rig youtube5 Enter your passphrase.bitcoin pools explainedIf all works out, you will be notified that you have successfully opened your private wallet.bitcoin mlm scamsYou've successfully decrypted your test wallet!bitcoin bought pizza

Now that you have exposed the private key of this paper wallet to the internet, do not use it to store funds.Put this wallet away and don't use it again.Repeat the above steps with other paper wallets if you think you need practice decrypting.Make sure you've figured this step out before placing real funds in the wallet.Note that this process is the exact same process you will use to spend or move bitcoins from your paper wallet.ethereum prison key dropThe reason we are testing them now is to make sure you can successfully get your coins off your paper wallet when you are ready to do it.ethereum real world applicationsDo not proceed to later steps until you are confident you can decrypt wallets with your passphrase.raspberry pi bitcoin youtube

4 1 Send Bitcoin to one of your wallets.You do this by using your public bitcoin address.So say you having your friend send you bitcoin, just email or text her your bitcoin address.Or if you bought coins on a bitcoin exchange like Kraken, Circle or Coinbase, log in to your exchange account and send the bitcoin from there to your bitcoin address.Do not reuse any of the wallets your opened during testing.is bitcoin income taxableUse a brand new one.ethereum accepted2 Verify your funds arrived in your wallet.Your coins are now safely locked into your paper wallet.As long as you don't ever enter your private key to just "check" on your wallet, your funds will stay totally safe.As long as only you have the ability to access both your private key and passphrase remain your funds will stay safe for years.This security costs you absolutely nothing.

No bank fees ever.4 Store the printout of your paper wallet with the private keys in a secure location.5 Recognize that bitcoin paper wallets are optimal for long term storage, but not frequent spending.Add New Question MarvinBitsky Already answered Not a question Bad question Other Using the methods here you can create as many paper wallets as you wish.You can have only one or thousands if you like.Store your paper wallets in ziploc bags or laminate them.Don't let water or aging make your wallet unreadable.To be 100% sure your computer won't leak your private keys over the internet use a OS that never goes online ever.You can do this by reinstalling the OS on an old computer you have or with a bootable USB OS.Print your paper wallets while offline and then never take that computer online in the future.[1]If you ever connect your private keys to the internet or spend any bitcoin with your paper wallet, you should consider that wallet no longer secure and move your funds to a new paper wallet.