With all the controversy and possible regulations on our cryptocurrencies we need to look at the ways of protecting our digital assets. One of the best and most secure ways to do so is to transfer our coins on to paper.
Paper wallet is copy of your public and private key for your coins. They are completely offline so they are safe from hacks.
How to make a paper wallet?
- Go to your browser and enter https://www.bitaddress.org/
- You'll have to move your mouse all over the screen for some time until randomness will show 100%
- Find a button "Paper Wallet" ...click that button
- On the field " Addresses to Generate" enter the number of wallets you want to generate.
but in the beginning do the test with 1 wallet. - Now click on " Generate" and you're adone
- Print your new Paper Wallet and store it at a safe place
Please be smart on where and how you store your cryptos. Definitely avoid storing all of your assets on exchanges and spread them in to multiple wallets.
Hope this helps.
Let me know what you guys think of Paper Wallets.