Create your own Bitcoin paper wallet

A bitcoin wallet is a combination of a public and private key. It is like your childhood piggy bank where anyone could put money in but only you could take out the money as you had the key to the lock of the piggy bank.

You can receive bitcoins to your public key from anyone who wants to send you and to spend those bitcoins you need to use your private key. There are web wallets and wallet apps available in the market, which most of the people use to receive and send bitcoins. Here your private key always remains in the cloud and if security is compromised there is a risk of you losing your bitcoins.

To avoid this, you can create your own paper wallet. A paper wallet has both public and private keys printed on paper, you can share your public key with others to share bitcoins and keep private key safe away from others. Let us learn how to create a paper wallet.

Go to www.bitaddress.org, and move your cursor till you get extra randomness 100%

bitadress

Once the extra randomness reaches 100%, public key and the private key is generated for your wallet.

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Your private key information is not stored on the site. You need to store your private key safe. To convert this wallet into paper, go to the paper wallet and click on that to convert this combination of public and private keys into a paper wallet.

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Now print this and here you have your bitcoin paper wallet.

 

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