Top 4 Best Bitcoin Paper Wallets In 2020

When you are storing your bitcoins for a longer term, using a paper wallet ensures maximum safety. In this tutorial, you will learn how you can make a Bitcoin paper wallet.

Bitcoin paper wallets are considered safer because they can’t be hacked, but they can be lost or stolen. When you store your Bitcoin offline it’s called cold storage. The advantage of cold storage is the elimination of threats from hackers, scammers, and all of those digital thieves lurking in the crypto space.

The main disadvantage of paper wallets is the possibility of losing your private key, and therefore all of your crypto forever. If you lose your paper wallet, say goodbye to your Bitcoin. If someone steals your paper wallet, they now control your Bitcoin. In a paper wallet scenario, protecting your key from prying eyes is critical.

What is cryptocurrency wallet?
A cryptocurrency wallet is a secure digital wallet used to store, send, and receive digital currency like Bitcoin. Most coins have an official wallet.

In order to use cryptocurrency, you’ll need to use a cryptocurrency wallet.

Some wallets are built for a single cryptocurrency, some can be used for more than one coin, some wallets you’ll manage yourself, and some (like those found on exchanges) will be custodial.

What are public and private keys?
Let’s think of a real world situation before we understand what public and private keys are. Imagine a vending machine. Can anyone and put their money inside the machine right? But, they can’t take out the money because they don’t have the key, they can only put money in the machine. The only person who can take out the money is the owner of the machine who has the key.

In this example, the vending machine is the public address which anyone uses to send money to you. You are the machine owner, and the key that he is carrying is your private key. Using this private key only you can access your money and do what you please with it.

The public key is the address that anyone can use to send you the money, while the private key is what you will use to send money to anyone else. Remember, ONLY you should know what your private key is, otherwise anyone can use your wallet to send your money to any other addresses.

Under no circumstances should you ever lose your private key. Let’s put this in super simple terms. If you lose your private key, then you are SCREWED (yes, uppercase has been used to emphasize the gravity of the situation). You should use at least two different techniques to save and store your private keys. We will discuss these various techniques a little later in the article.

As of right now, let’s discuss the two methods of storage that you can use to store your cryptos, hot storage, and cold storage.

Let us have a look at the best Bitcoin paper wallets

1. Bit address
BitAddress is a popular wallet platform that creates a paper wallet for Bitcoin currency. As with any paper wallet BitAddress helps the user print out their private and public keys for secure storage offline. Paper wallets are convenient for beginners or users who don't trust digital storage.

BitAddress is a way to create a paper wallet online. 

All you do is move your mouse on the screen to "generate some randomness" which then creates a private key and public key.

This can then be imported to another wallet system (via the WIF key) or printed out and kept offline as cold storage. 

There are points of failure when printing it and creating the address but the risk is low. 

A fun way to create a bitcoin paper wallet.

Bitcoinpaper wallet was created out of the frustration and distrust from exchanges being hacked and manipulated.

Here you can “be your own bank” by using their tools to create paper wallets.

They carefully detail security precautions you need to take including how to save your paper wallet from water damage and the proper way to use your paper wallet.

They even include a nice graphically designed paper wallet to be printed and along with this comes a handy video guide explaining how to fold and even lock the wallet! Neat!

Despite the website being SSL-Encrypted, the developers of encourage going offline and running the JavaScript version of the websites tool on your own PC instead of the website itself.

The site was created with simplicity in mind to help those who are not so experienced in cryptography ideology and network security allowing users to very easily follow the step by step instructions to save guard their investments in cryptocurrencies.

3. Wallet
WalletGenerator is a free “Paper Wallet” tool that allows us to store our BTC offline, in a completely safe and secure manner. In order to make use of this service, users are asked to go through a number of security checks, so as to ensure that their funds remain safe and completely free of any third party hackers.

Wallet Generator tool is a universal open source client side wallet generator that encourages users to download the tool from Github to use offline. This ensures the private key that is generated is only ever displayed on your PC and is never accessed by the website or any third party entities.

After downloading the website, disconnecting from the internet and opening the index.html file on your computer, you will then generate your address using your mouse to highlight random text and numbers.

After your wallet has been generated you can simply print the Paper wallet version and store this safely away for later use. The site generates a very nice graphical display of the wallet and even provides folding instructions.

The site includes tool to create a single wallet, paper wallet, bulk wallet, brain wallet, and of course includes a wallet detail checker.

4. Paper Wallet
Paper wallets enable you to store bitcoin offline, where there would be no risk of getting hacked or funds being stolen. recommends the users to download the source code and generate the seed from an offline laptop. Paper wallets are generally easy to create and don’t require any expertise, hence it is compatible for both beginners and experts.
Paper wallets are a fast and convenient way to store Bitcoin Cash (BCH) offline. You can even spend or gift BCH without ever connecting to the internet by treating the wallets as cash. Paper wallets are a physical way to store and spend Bitcoin Cash (BCH), like a $20 bill is a physical way to store and spend $20 USD. Like a $20 bill, paper wallets can be lost or stolen. 

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