Is it like having my wallet on a peice of paper?
If i ever manage to buy some bitcoin i have them sent to the address on the cheque?
And there is no trace of the transaction on my computer?
You could use it as a paper wallet, I suppose. The idea is that it's a paper wallet you can hand to someone like a cheque.
Now i think i am getting it..How would i cash the cheque or move the coins to an online wallet to spend them?
Thanks for your time BTW..I am really not technicly minded as is obvious..lol
MTGox, and possibly others, have "redeem private key" options, where you input the private key, and it uses that to grab the coins.