Let’s follow a simple set of instructions for creating a paper wallet. The creation of a paper wallet is usually done with software, which can be removed.
Follow the steps listed below:
Step 1: Prepare your computer. Since the creation of paper wallets is done on a computer, there is always a risk that a hacker or malware will try to hijack your keys. Therefore, it is recommended that you create a wallet on a computer you trust, and it should not be a public machine or someone else’s. Even on a trusted computer, you need to ensure that there are no viruses or malware. You need to keep your antivirus software up to date and check your machine for security issues.
It should also be noted that the paper wallet creation process should not be done using public Wi-Fi. Hackers get information from networks very easily, which means they can direct you to a phishing website and steal your funds.
To increase security, you can ensure that your operating system is ready for use.
Step 2: Setting up an ultra-secure environment. It is also an additional security measure that may not work for everyone. However, if you want to ensure that absolutely nothing threatens you when creating the paper, this step can be applied.
Download the latest Ubuntu operating system and install it on your flash drive. Then, start this operating system to ensure the creation of your wallet in an ultra-secure environment. You will need to download the LiLi program, which will allow you to install and run Ubuntu from a flash drive. In that case, you also need to download the Wallet Generator zip file and restart your computer on Ubuntu OS.
If you decide not to use this ultra-secure environment, skip directly to step 2.
Step 5: Go offline. After downloading the files, it is best to disconnect from the Internet and have a secure offline environment for generating keys.
Step 6: generate keys. Moving the mouse, you will see the random numbers generated and a countdown to “0”. This is the process of adding a variable when generating your keys. When this process is finished, your private and private keys will be ready.
Step 7: Ready keys. You will see two bar codes. The one with the green share and the address below will be the public key and you can deposit funds at that address. And the second barcode labeled Secret in red is your private key.
Step 8: print and save. You will see a print page with basic instructions for printing and saving.
Step 9: clean up. After the wallet has been generated and saved, it is advisable to delete the files from the wallet creation program and the Internet search history. Now you can also connect to the internet.
Step 10: Protection against unauthorized access. Now you need to make sure that no one has unauthorized access to your keys. You may even want to do this with special stamps or other methods that, if broken, will clearly indicate a physical intervention for you.
Step 11: Protection against harmful influences. For paper portfolios, there are also risks of fire, moisture and water ingress and natural decomposition of the paper. The easiest way to avoid these risks is to create multiple copies and store them in different, safe locations.
Another option is to print your wallet on a more durable and waterproof material. This will require a special printer; however, if it is for long-term storage, the cost may be worth it.
You now store your funds in a paper wallet. This piece of paper contains the full value of your cryptocurrency coins. In this way, your coins will be protected in a very reliable way, but only until you give these keys to the attacker yourself.
Creating paper wallets requires little effort and is by far the safest way to store cryptocurrencies, especially when it comes to long-term storage.
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