Quote from: saintt on June 30, 2017, 09:23:58 AM

Sorry new to bitcoin and was wondering if the following steps are correct to create a paper wallet.

no need to be sorry when asking a question. Roll Eyes

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1.) Create a Bitcoin Address and Private key at bitaddress.org and print it out.

this alone is multiple steps:
1. as quoted above go to the source and download a copy of the website: https://github.com/pointbiz/bitaddress.org
2. go to a clean and offline computer. if you don't already have a secondary pc use a live linux. (you can find out how to run a live linux online easily, i can go into details in you don't know how)
3. run the downloaded file and generate the private keys.

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2.) Go to localbitcoins.com and purchase 1 bitcoin from seller and have them send it to my bitcoin address.

this is one way of purchasing bitcoin.
you can also google how to buy bitcoin in "insert your country name here"
or go to any of the bitcoin exchanges and buy bitcoin.

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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?

you don't gain any additional security for using different addresses. you can gain privacy if you buy each coin from different sources.

the security is when you spend the coins from one paper wallet. for example if you had 1BTC in one address on paper wallet and wanted to spend 0.2BTC of it, you spend 0.2BTC and send the remaining 0.8BTC to a newly generated paper wallet/key