Bitcoin offline wallet tutorial
Practical Paper Wallets Tutorial using bitaddress.org and the blockchain android app.
A paper wallet is a way to store Bitcoins that involves printing the Bitcoin addresses and private keys directly on a piece of paper. When done properly, paper wallets are one of the safest ways possible to store Bitcoins.
bitcoin wiki
Paper Wallet Advantages
- Protection from malware and keyloggers.
- Maintain 100% ownership of your private keys. You own the coins not a 3rd party service.
- No dependence on the security of any website.
- Keeping a piece of paper safe is easier than keeping your computer secure.
Paper Wallet Disadvantages
- The paper contains everything needed to spend the coins and must be kept physically secure.
In this tutorial we are going to use bitaddress.org and the blockchain.info android app to emphasize the fact your are not dependant on any website. However if you would prefer to use the My Wallet web interface please use this tutorial instead.
All Done!
Assuming no errors your transaction will be sent instantly. Note: Since the private key has now been scanned by a device connected to the internet many people would no longer consider the address true cold storage anymore. Depending on how concerned you are you might wish to use each key only once and send the rest of the coins to a new address each time.
