A paper wallet provides affordable offline storage of crypto. Paper wallets are built exclusively to accept deposits and facilitate storage of digital assets (in a non-digital environment). To spend, send and withdraw crypto, they must be transferred to an online source such as a digital wallet.
The nature of paper wallets give security from online threats but do not offer protection against natural threats such as theft, fire, and negligence. Here are our best tips:
List of Dos:
- Do Use Trusted Offline Wallet Providers (cryptocompare.com)
- Do Protect with Strong Passwords
- Do Print 2 Wallets & Store Safely (in two locations)
- Do Itemize holdings in Will & Testament
List of Do-Not:
- Do Not Share your Private Key
- Do Not Share how many cryptos you hold
- Do Not Expose to Excessive Heat, Light, Air
- Do Not Fold
Caution: Destruction of a paper wallet generally means absolute destruction of its value.
Click to learn about other Wallet Types.