October 2014
Beginner to intermediate
240 pages
5h 33m
English
Content preview from The Ultimate Guide to Bitcoin™
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E. Creating an Unhackable Paper Bitcoin Wallet
Although digital Bitcoin wallets are generally safe, they’re not totally immune from hacking and theft. A software wallet stored on your PC is only as safe as your computer system and can be hacked, a mobile wallet is less safe, and cloud-based wallets can also be targets of professional hackers.
The only hack-proof type of Bitcoin wallet is one that doesn’t employ digital technology at all. We’re talking an old-fashioned paper wallet, which holds the keys to all your Bitcoin transactions in ink and paper.
Understanding Paper Wallets
To fresh your memory, a Bitcoin wallet consists of two keys. The first is the public key, which functions as your wallet address; this is the key other people use to ...
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