A complete Guide to Ultra-secure Bitcoin Paper Wallets, A specially designed paper consists of a confidential (secret key) is usually called a paper wallet. It is also believed that this process of preserving your private key or confidential key is one of the most secure and foolproof. As said earlier this complete and comprehensive guide about BTC cold storage will unfold the complete procedures of generating your ultra-secure paper wallet of BTC cold storage.
A well known "seed phrase" refers to a (private and confidential key) written on a slice of paper is called BitCoin Paper wallet. It must be kept offline and therefore this process is called cold storage. This private and confidential key is a serial of long and perplexed randomly chosen characters. However, a seed phrase is a randomly selected serial of 24 words that authorized you to recompose your private and confidential key.
This entire process from generating to preserving your private and confidential key while you are offline, guard you against cyber players and ultimately is a kind of big piece of mind.
Making your BitCoin account more secure and safe. Bitcoin paper wallet is globally known as one of the ultra-secure and highly protected. This special process of generating and preserving both public and private keys offers an unending piece of mind in general and particularly for those who seek to store their large amount of cryptocurrencies for a longer period of time. This offline cold storage process of your valuable investment keeps you relax as long as you hold the cryptos.
Ultra-secure mechanism of Transferring your BTC holdings. This Ultra-secure mechanism facilitates you with the liberty of transferring your BTC holdings through the process of (import&sweep) your paper wallet private and confidential key to a software wallet in order to have access to your Bitcoins. After the process is over, you are free to transfer your Bitcoins to any other address of your choice.
While connected with the internet puts you in a danger zone and maximizes the risk of hacking or someone might be monitoring your activities. Even if you are using your personal computer or laptop for that purpose you might have been infected with Malware or any other cyber threat and consequently put your private key at a high risk as someone may be monitoring your activities. Ultimately it's a matter of your money.
Mandatory and advanced tools to be followed. This state-of-the-Art configuration has been carefully designed explicitly for our valuable readers who use their personal laptop or computer in order to have access to their Public and private address. You are only required to manage some downloads before pulling the trigger.
1. Ubuntu download(Latest version) the operating system you will use.
2. Lilly download(latest version) – A software to install Ubuntu on your flash drive.
3. Bitaddress download (the software to create your paper wallet)
4. You are hereby advised to use an entirely formatted or a new flash drive in order to
avoid any inconvenience.
5. Install Ubuntu on your flash drive
Note: This process will delete everything you have on your flash drive.
Open up LiLi and insert your flash drive.
Make sure you’ve selected the correct drive (click refresh if the drive isn’t showing)
Choose “ISO/IMG/ZIP” and select the Ubuntu ISO file you’ve downloaded in the previous step.
Make sure only “Format the key in FAT32” is selected.
Click the lightning bolt to start the format and installation process.
After the process is done, unzip the BitAddress file you have downloaded in the previous step and copy it into your flash drive.
Go offline and check the printer (get a print out for test)
Run your computer using Ubuntu from your flash drive.
Restart your computer. Clicking F12 or F1 during the boot-up process will allow you to chose to run your operating system from your flash drive
After the Ubuntu operating system loads, you are required to choose the “try Ubuntu” option.
Set up a printer on the Ubuntu operating system.
At this stage you will want to set up your printer on the Ubuntu OS:
Click on System Settings (a monkey wrench and cogwheel icon)
Click on “Printers”
Click on “Add”
Add your printer
Print out a test page
Open BitAddress and print your new paper wallet
Last but not least is to open the copy you have of BitAddress and make a paper wallet locally on your computer.
Open private browsing in Firefox (right click> “Open a New Private Window”)
Type in the following in the address bar
Click on the link “BitAddress.org.html”
create your paper wallet by moving the cursor around until the number on the top right reaches 100
Choose “Paper Wallet” from the menu
Choose how many copies you’d like to generate
Add BIP38 encryption (optional)
Now simply get the Print of your paper wallet
Things to be followed for the security of your paper wallet.
Well now, this is the most sensitive phase you just get in, you got your paper wallet now you can simply put funds on it by using the Bitcoin address on the left side. It is very important to keep the private key on the right side secret and confidential ex
Here are some more highly advanced measures to shield your paper wallet BTC cold storage to some greater extent.
⦁ When you get the final printed copy of your paper wallet it will be highly appreciated to get it laminated immediately.
⦁ Safely place it at some point where you think the only you can reach
⦁ For the highest safety measures, a device is available in the market called crypto steel can be used
What do we suggest for your BTC holdings to keep them Ultra-secure?
To keep your Bitcoin Holdings ultra-secure and foolproof, we do recommend getting a kind of cold storage, and if you could spare some more bucks you are advised to get a hardware wallet for the ultra-security of your BTC holdings. If you folks have ever gone through the experience of keeping your BTC holdings, we would appreciate having your personal comments on it in our comments section.