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Crypto Wallets

Paper Wallets

What are crypto paper wallets?

Paper wallets were used early on in crypto before the development of storage technologies, but they are still used in some circumstances today. Paper wallets are simply printed versions of your wallet. They have all the information you need to access your wallet such as your public key, private key (seed phrase) and some have a printed QR or barcode. These wallets are disconnected from the internet and the block chain when not in use and as a result are less likely to be hacked. However, like the others this method also has its disadvantages. If the paper becomes lost or damaged, you lose access to your crypto and if someone else gains access to your paper wallet they gain access to your crypto.

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