How and why to store your Bitcoins on paper?
How to generate a paper Bitcoin wallet?
To do this, connect to the site https://www.bitaddress.org
Bitaddress.org is an offline Bitcoin wallet generator
Note: There are other sites but this one is well known. Once logged in, MAKE SURE you are on the right site.
- By moving the mouse, the tool generates a public Bitcoin address.
- The tool automatically generates the private address associated with this public address. the private address should never be communicated.
- It’s two addresses go hand in hand.
- The public address corresponds to the address that you will communicate to receive bitcoins.
- The private address is the address you will use to send bitcoins.
What are the advantages of the paper wallet?
- No risk of hacking or computer failure.
- Ideal for making a gift. Very fast and very simple.
- Generation of a QR-CODES that you can scan with your smartphone to go faster during your transactions.
What are the disadvantages of the paper wallet?
- The paper burns, takes water …
- If you lose your paper you lose your cryptos
How to check your Bitcoin balance?
Go to the site https://www.blockchain.com/explorer
Type your public address. You will have your balance.
How to receive Bitcoins on your Bitcoin address?
Nothing’s easier. Provide your public address. You want to send me Bitcoins, here is my bitcoin address;)
18FVRyV6n89Rz1hjoCRGDwYh6NA57wgC6G
It consists of 26 to 35 letters and numbers. She is unique. All Bitcoin addresses begin with 1 or 3.
How to spend your Bitcoins?
To spend your Bitcoins you need your private key and an account.
Questions – Answers
Can I receive Bitcoins without having a wallet?
Yes, you just need a couple of cryptographic keys on paper.
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Attention:
Of course never invest more than your means allow you. & nbsp;
This article is not intended to provide investment advice. & Nbsp;
The goal is to understand how cryptocurrency works.
Everyone is responsible for their & nbsp; means of storage. If you lose your codes, you permanently lose your cryptos
Conclusion
You now know:
- That you can generate a paper wallet very quickly and easily
- You must be very careful about the site you are using
- How easy it is to send and receive Bitcoins
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J e remains at your disposal.
Best regards
