Bitcoin Paper Wallet- Advantages and Disadvantages

[solciretcrypto 5]

It could be a secure way, but in the same way it should be done digitally for greater security.

[estmerbol 257]

In my opinion I do not see the paper wallet as a safe option, it seems to me that if you want absolute control over your funds. The best idea will be the hardware wallet, although its cost is a bit high the benefit is greater. Now as far as paper goes, it's just paper that can pass you 1000 different things. 

[Affect579 66]

I think that the main disadvantage is that I can simply lose my wallet but it can't be hacked.There are both advantages and disadvantages

[Moaz 7239]

I did not use a paper Bitcoin wallet from before, but it seems to me that it is a safe wallet against hackers because it is not connected to the Internet, but you must be careful and save the paper that contains the Bitcoin address and the  private key of the wallet in a safe place because if you lose this paper, it will not You can access your wallet and you will lose your money

[Skunk35 42]

I think that just like this thread, paper wallet is the best way to have your cryptocurrencies safe, that is if you do not lose the password because otherwise you are left with nothing.

[escmys 15]

Thanks for this post. One of the most important advantages is that this wallet provides protection against hackers, while one of the major disadvantages is that your coins become inaccessible if the wallet is damaged or lost.

Edited October 9, 2020 by escmys

[Joli72 18]

Yes, the Bitcoin paper wallet like any other wallet has many advantages and disadvantages, depending on what benefits you want to obtain, you can obtain them, but you must study and investigate how it works.

[Joli72 18]

Like everything in life, there are important advantages and disadvantages that must be known to know how to use it, in the case of Bitcoin it has been a new currency that has revolutionized the economy, the disadvantage is that being decentralized it does not have regulations.

[Billalkhan6712 82]

Bitcoin Paper Wallet- The benefits outweigh the disadvantages. It goes without saying that there is no problem. Bitcoin paper wallet is a platform like crypto currency. This wallet saves bitcoin currency or solves many problems. Thank you for sharing this topic with me

[Javier5678 48]

okey friend the paper wallet is not for daily use it is more risky than accounting wallets and even when restoring the wallet instead of sending it bits by bits as you normally would in a normal wallet

[alexandra fernandez 44]

The advantages of paper wallets can actually be deduced from the paper wallet concept itself. At this point we will focus on the former.
o Many people consider that it is really the safest way to store cryptosystems. But for that to be true, we must make sure that we never share the private key. 
o The printing of cryptomonies, can be done from any place. It is even possible to write the keys by hand on different papers. 
o Paper wallets are an alternative way to store access routes to your cryptomonies.
o In addition, paper wallets allow you to have under your control and disposal all the codes, so you do not depend on what happens to third parties. But, remember to make several copies and keep them in safe but different places. This way, if you are unlucky enough to have a domestic or similar mishap occur in one of the places, you will not lose access to your cryptomonies.
o It allows you to be independent of possible hardware failures, which inevitably occur. 
 The disadvantages of the digital wallets with the paper wallets, you will have the possibility to forget the problems of the electronic wallets, among which we can find
o Paper wallets are not limited by the different services and digital wallets, and can be used even if you travel frequently or move from one country to another.
o You have no compatibility limitations to pay in the stores that support crypto-currency as a form of payment.
o With a paper wallet, you can dispose of your crypto-currencies from anywhere. Digital wallets are highly dependent on their devices, which can present problems in case of their failure, battery discharge or others.
o With a paper wallet we do not risk that anyone can use the digital wallet in case of loss of the device in which it is housed. However, we hope that we have illustrated what paper wallets are and their advantages. Especially for storing crypto-currencies that you are not going to use for a long period of time.

[mohsenfx 19]

Well paper wallets are not for everyday use. In fact when you restore the wallet it is recommended that you move all the fund in a new wallet instead of sending then bits by bits like we spend from a normal wallet 

[Daramola Abiodun T 60]

Though I appreciate you for the detail explanation of paper wallet. But don't you think it's also dangerous since you said that once the paper is gone for one reason or the other, one will lose the coin, that is a great disadvantage to me. There should be a way to back it up just like other ways too.

[juan francisco reynaldo garcia 39]

On 10/28/2019 at 6:59 AM, xBDT Script said:

Paper wallet is one of the best method of cold storage of your coins. It's the safest option than any other ways to store your coins.
People get confused with what Paper wallet is and how to use that.
Paper wallet refers to a printed paper only where the bitcoin address and the private key will be printed. It's so easy than you might think. Here's how-
1. Go to paper wallet generator.
2. Generate your wallet (Of course make sure you are offline.)
3. Print the private and public key into paper.
4. Make a copy of the paper.
5. Make sure you are storing both the copy securely.

Advantages
Using Paper wallet has a lot of advantages-
1. It's cheapest, unlike other cold storage, it doesn't require a lot of investment.
2. It's safe since you know you are generating the walle offline, the chance of geting hacked is very low.
3. Not much stuff required to store the paper.

Disadvantages
1. If you lose the paper, you have no way of recovering the fund.
 I can't see much disadvantages on paper wallet.

Please share more if you have any. 

Let me get some of my buddies here @bitcoworld @BitcoinCase @hexwin aka hexy 😁

It is practically the native currency of cryptocurrencies, so it has a great future, you can see its information on its website bro so give it

[Niloy123 69]

The advantages and disadvantages of Bitcoin Paper Wallet are as follows.  By using this bitcoin wallet you can keep it safe. And there are many disadvantages of bitcoin in this crypto world. There are many spam that can kill you in an instant.

[ShiNorton 906]

I see more disadvantages on Paper wallet generation from a website because malicious scammers can misuse the private key store in their servers. Always use trusted Bitcoin hardware wallet. 

[teebasas 3018]

The most convenient way to store your Bitcoin is in a paper wallet. Unfortunately, depositing the paper wallet in a bank deposit box is the only way to keep it secure. Now, this seems to be the primary potential use case for banks. We're keeping our paper wallets secure.

[abohasnn9 2401]

Thank you, dear, for these valuable advice regarding the paper wallet, which deals with paper. The cold wallet is the decentralized wallet that we all use, such as a heritage wallet or atomic archives, mainly. This wallet is extremely safe. All you have to do is copy the key of your wallet in several copies and keep it in a very safe place.  To share with anyone, never to keep money safely inside it, and the cold wallet is the best wallet. The paper wallet is a very good one. Thank you very much.