How To Create Bitcoin Paper Wallet

in #bitcoin7 years ago (edited)

The easiest way to create a Bitcoin paper wallet is by using the following serivce: https://www.bitaddress.org/

The process is very simple, open the page (https://www.bitaddress.org/) and move your mouse around the screen. Once the progress reaches 100% new Bitcoin wallet will be generated with both public and private key.

If you are in doubt that this is not safe option, you can disconnect form the Internet when page is loaded to make the process more secure.

Public key is your Bitcoin address, something like an account number. When receiving payment, you need to provide only your public key. While, private keey is needed to make payment or send funds.

Keep private key safe! If you loose your private key, there will be no way to access your Bitcoins anymore.

Best option is to print your wallet and keept it safe. It is recommended to copy your Bitcoin address or public key and save it to some file, so you can have it in digiral form when you will need to receive payment.

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