Post
Topic
Board Bitcoin Discussion
Re: What do you use your paper wallets for?
by
pooya87
on 19/06/2015, 04:33:07 UTC
I just found out that you can't withdraw a designated amount of Bitcoin from paper wallets, you can only sweep or import them.

This seems kind of weird to me. What is the point of a paper wallet if its sole purpose is to later on be swept clean of its coins? If security is an issue, wouldn't it make more sense to have a software bitcoin wallet that runs off an encrypted usb drive?

i think you would better ask your question. i mean what do you really want to do.

if you want to keep your coins somewhere safe, for a long term investment and use them / sell them after the price went up (like 1-2 years later) paper wallet is the best choice.

if you want to keep your coins safe but use them any time you want, for example if you have like 10BTC and want to spend 1 today and add 2 tomorrow, offline wallets like Electrum (offline) is your choice.

the reason you sweep paper wallet is that when you use your private keys if your computer is compromised you can very easily lose that private key. so it is better to sweep it in a new address.