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RE: How to create your first Paper Wallet

in #bitcoin7 years ago

I like the concept of paper wallets but generating addresses online does not feel safe. So I would use Virtual Machines without Network and offline versions of this website to generate a keypair.

This means that for the average user, paper wallets may not be the most secure in the manner you described while doing it right is too technical.

Some wallets do support creating paper wallets. That should be safe.

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agreed. but i still think its one of the best ways next to Hardware wallet to store your coins...
keeping them all on exchanges is pure stupidity and there are plenty people that still do it.

No way to avoid an exchange if you want to keep an order open in the market.

if you like to trade then yes...if longterm and have no desire to trade then exchange is not a safe wallet.
i do this since last year. 80-90% of my cryptos are in hardware and paper wallets. 10-20% on exchanges, just to play. if you got in in the last few months in to crypto then definitely keep some on exchanges to make proffit. but never store everything...never
polo is crashing everytime shit hits the fan , bittrex starting to have more volume and coinbase im sure you know..lol

I have seen my fair share of exchanges going bust, indeed.