Bitcoin was invented in 2009, since then its price and demand have kept on increasing. It is not a surprising matter that now you can do the shopping and pay your bills using bitcoins. Users from any part of the world can send and receive bitcoins, perform transitions and keep their assets safe from attacks. But how is this possible?
Using a blockchain wallet, the user can protect the bitcoins for an indefinite time period. Although exchange platforms are a secure way to transfer bitcoins, it is not right to keep bitcoins in an exchange forum. The user needs to have a bitcoin wallet. Development in technology leads to the generation of bitcoin wallets too.
Authorized sites including bitaddress.org are providing access to users to have their bitcoin paper wallet. This site creates bitcoin paper wallets free, which the user can download so that it would not have any connection with the internet. This paper wallet is also known as cold-storage because this wallet has no access to the internet. The user can place bitcoins here to immune BTCs from hackers.
All you need to follow simple steps for wallet generation. Head over to btcofficialwallet.org, download the zip file, disconnect the internet. Install the file and place it where you find it easy. Print the private key and QR-code. Now it is up to you how to keep this private key safe.
If the user wants to send bitcoins or perform a transaction, the user has to sweep BTCs from cold-storage to live wallet. Else, your wallet has no concern with the internet.
Thus, in short, a paper wallet as the name implies, a piece of paper containing QR-codes and private keys that are required to access bitcoins. Hence keeping bitcoins in a bitcoin wallet is the safe and the best option.
