Technology As the price of bitcoin continues to rise, cold storage solutions like hardware and…
Need Cold Storage? Check Out Bitcoin.com’s Revamped Paper Wallet Generator
1 week ago admin2 0
Cryptocurrencies have become very popular and people who use digital assets store them in various ways. One of the oldest methods for storing bitcoin cash is the use of a paper wallet, which is basically a piece of paper that holds funds because it contains a printed set of both the private and public key. As long as no one has visible access to the bill’s private key, the paper wallet can be a very secure method of offline storage (cold wallet). At Bitcoin.com we’ve always had a paper wallet generator available, but we’ve recently updated the portal so anyone can easily create a bitcoin cash-loaded bill that can be spent at any time.
All a person has to do is use our wallet generator to create a bitcoin cash (BCH) private key and print the paper wallet on a secure printer. In order to make the process very secure, we recommend downloading our paper wallet source code and creating the seed using a device that’s not connected to the internet. Simply print out the finished product using our yellow and black design (similar to the anarcho-capitalist flag) and cut the bill out with some scissors. You can go the extra mile and laminate the paper to make the wallet more durable over time. Remember paper can last a while, but it couldn’t hurt to add some extra durability measures if you decide the paper wallets won’t be used for a very long time.
Loadable, Spendable, Open Source, and Stylish
After cutting out the bill, our Bitcoin.com paper wallet designs allow users to fold the private key section over and a piece of tape can be used to seal the private key from view. After performing these steps, the best thing to do next is store the paper wallet in a safe location, and when you are ready to spend the bitcoin cash you can easily sweep the funds into a Bitcoin.com wallet at any time. Just scan the private key QR code with your Bitcoin.com wallet (or other compatible wallets) and the software will sweep up the BCH. Loading the paper wallet is super easy as all an individual has to do is send funds to the public address. You can load the paper wallet with as much funds as you desire at any given time. For instance, you can make $1, $20, $40, $100, and even $1M bearer bonds.
So if you are looking for a secure and convenient way to store your bitcoin cash then check out our bitcoin cash paper wallet generator. In as little as five minutes you can create a paper wallet and keep the BCH in a safe place that only you have access to. With a little practice you’ll become a BCH bill printing machine, but remember that unlike central bank-issued fiat, there will only ever be 21 million bitcoin cash.