Sorry new to bitcoin and was wondering if the following steps are correct to create a paper wallet.
1.) Create a Bitcoin Address and Private key at bitaddress.org and print it out.
2.) Go to localbitcoins.com and purchase 1 bitcoin from seller and have them send it to my bitcoin address.
Is it as simple as that?
Also is it wise with paper wallets to create a new bitcoin address and private key for each coin, or part of coin, that I purchase for added security?
Thanks
You can made Create a Bitcoin Address in PC ofline ( not conecting to internet) and save Private key and send BTC from other wallet to it. But The value of the BTC varies widely, so you have to be proactive in your hosting so as not to affect your economy