How to Create a Paper Bitcoin Wallet in 5 Easy Steps

How To Send or Transfer Bitcoin From Paper Wallet

Anyone who can access your private key can immediately and irretrievably empty your wallet. If you are storing a small amount of Bitcoin and are OK with low security you can print out this wallet and stop now. If you need higher security continue following the steps in Part 2 of this article. Store your paper wallet somewhere secure. Treat it like gold or jewelry.

If someone finds it and takes it, they can easily empty your wallet. Store a backup copy of the wallet in another secure location. Part 2 of Follow the instructions in Part 1 above and then click "Paper Wallet". It's also possible to do this with the other options such as Bulk Wallet, but for the sake of simplicity we'll use the Paper Wallet example.

Click the checkmark next to "BIP38 Encrypt" and enter a passphrase. Create a long passphrase that you do not use anywhere else. Store that passphrase separately from your bitcoin wallet. Click "Generate". Congrats you have now created 3 high security paper wallets with encrypted private keys! Unlike in the example Part 1, the private key in this wallet is not stored in plain text. You will need to use your passphrase to open the wallet. This additional layer of security makes your wallet much more secure.

Plug your computer directly into your printer and print your paper wallets.

Bitcoin 101 - Getting Your BTCs out of Your Paper Wallets \u0026 Cold Storage - Fun with Sloppy Wallets

By not using the network to print, you avoid the albeit low risk that your network is compromised and might read your private keys. Print multiple copies of your paper wallet. This is a beauty of BIP38 paper wallets, you can have multiple backups, one in a bank safe deposit box, one in a home safe, one with your law firm, or whatever -- when BIP 38 protected all you have to be is trusting enough that the bank or whoever has it won't do a brute force attack.

Erase all copies of your paper wallet from your computer and printer before you reconnect to the internet. Close the private window on your browser and verify that no copies were stored in the cache. Close your browser. Reboot your computer. Only then can you turn your internet back on. You now have encrypted paper wallets that have never accessed the internet. Read Part 3 below to learn how to safely use these paper wallets.

Part 3 of Before putting any significant amount of money in your wallet, verify that you can successfully decrypt your wallet. If you want you can send a very small amount of bitcoin to one wallet for testing you can do that, or you can practice with an empty wallet. Either way works. The following steps will explain the procedure. Create an online wallet that supports BIP38 encryption. This example will use Blockchain. Go to Blockchain. Go to "Settings" then "Addresses" then click "Manage Addresses".

On the next screen click "Import Address".

Paper Wallet Guide: How to Protect Your Cryptocurrency

Press the QR code scanner to bring up the QR code reader on your webcam. Put the private key QR code from your paper wallet in front of the webcam till you get the verification checkmark.

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This can take a little futzing to make work. It helps to have good lighting and to keep the QR code in focus. Enter your passphrase. If all works out, you will be notified that you have successfully opened your private wallet. You've successfully decrypted your test wallet! Now that you have exposed the private key of this paper wallet to the internet, do not use it to store funds. Put this wallet away and don't use it again. Repeat the above steps with other paper wallets if you think you need practice decrypting.

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Make sure you've figured this step out before placing real funds in the wallet. Note that this process is the exact same process you will use to spend or move bitcoins from your paper wallet. The reason we are testing them now is to make sure you can successfully get your coins off your paper wallet when you are ready to do it. Do not proceed to later steps until you are confident you can decrypt wallets with your passphrase. Cryptocurrency rates based on the data provided by exchanges APIs. All rates are subject to change without prior notice.

How To Make A Bitcoin Paper Wallet & How To Spend Bitcoins

Press enter to begin your search. Detailed Version With Images. To send Bitcoin from your paper wallet, you first need to transfer them off the paper wallet to a mobile application. In this example, we will use the blockchain app.

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If you do not have the Blockchain app, you can download it here iPhone or here Android. Open the blockchain app on your mobile phone and click Menu at the top. Select Addresses. If you are prompted with permission request, select OK. In general, it is best not to import private keys from wallets that you do not have full control over. Sign up to join this community. The best answers are voted up and rise to the top.

Stack Overflow for Teams — Collaborate and share knowledge with a private group. Create a free Team What is Teams? Learn more. Paper wallet imported to blockchain. Asked 3 years, 5 months ago. Active 3 months ago. Viewed 4k times. Improve this question. Bince Mathew Bince Mathew 1 1 1 silver badge 1 1 bronze badge. No point of asking for deletion. Consider it compromised and move your funds to a new wallet.

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