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Cryptocurrencies are a long-term phenomenon. Therefore, users always seek the most secure way to store their digital assets. The least secure options are app wallets and exchange accounts, as they are connected to the internet and often targeted by attacks. A higher level of security is offered by hardware and paper wallets. Let’s explore the latter as the most secure method of storing cryptocurrencies.
How to Create a Paper Wallet?
Specific requirements apply to the computer:
- It should be free of viruses; it’s preferable to use Ubuntu or other alternative operating systems;
- Disconnect the computer from the internet during generation and then clear the browsing history;
- Ensure the printer has no network access and is not accessible to other network users.
How to Secure Your Savings?
After printing, place the paper wallet in a secure location. Pay attention to the durability of the wallet – low-quality ink fades and smudges, and the QR code becomes unreadable if the sheet is bent. Therefore, it’s advisable to laminate the wallet and protect it from fire, moisture, and pets. Losing the wallet will result in the loss of all funds. It’s recommended to test the wallet’s functionality with a small amount before conducting larger transactions.
Paper wallets are gradually becoming a thing of the past. A good alternative is native wallets from cryptocurrency developers, which offer more convenient access. However, they are still connected to paper, as you will need to write down the mnemonic phrase that provides access to the wallet.
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