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.bitcoin etf march 30It also supplies a live-boot Ubuntu CD with paper-wallet software pre-installed.bitcoin supply wikiGiven 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.litecoin mining calculator formulaTips 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 qt hacked

What every alt-currency does have is a variation of the Bitcoin-Qt wallet application.bitcoin nasil kullanilirThe console will then display the private key of that wallet.bitcoin raspberry pi nodeYou then have the public and private keys of the wallet.bitcoin litecoin usbYou can print these ‘as is’, or you can opt to generate QR codes to print.ceo ebay bitcoinHowever, the wallet details will still exist in your computer.litecoin with asic minerThe 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.Now you should be the proud owner of an unhackable paper wallet for your digital currency.If a paper wallet is not for you, however, you could use your own mind with a brain wallet.For more options, please see our guide to storing bitcoin.Wallet, lock icons and printer images via ShutterstockThe requested URL /?currency=Litecoin was not found on this server.Litecoin paper wallet, The safest way to store your precious Litecoins outside of a computer or electronic device witch can be stolen or hacked.A paper wallet is actually just a piece of paper with the Wallet hash and the private key printed on it.Personally I prefer to keep 70% of my funds on my paper wallet because then I know someone cannot steal my coins and i am also safe from Hard Disk Failure or similar problems.In this guide we’ll generate a paper wallet on offline computer (Mac / Linux Preferred) using Liteaddress service.

For a complete anonymity you can use other ways like a clean fresh installed OS, Linux live boot disk or a newly installed Virtual Machine (VMware).Warning : Following instructions are fully tested by ourselves and community members.If this is your fist time, then read this guide 3-4 times and then generate paper wallet on your own.First do a small deposit and withdraw transaction to check if the paper wallet is working for you or not.Instructions To Generate Litecoin Paper Wallet :Step 1.Download the Liteaddress client from GitHub (source here) (download here) and save on your flash drive.Step 2.Boot your completely offline OS or Linux Live CD, whatever you find comfortable.Step 3.Put your flash drive in and open the .html file you saved.Now you can safely generate your keys without any online interaction.You don’t have to go online!Step 4.Print your keys on paper and secure them in a safe place.You can also  save the webpage as a .pdf file to keep a digital backup on a flash drive.Step  5.