Quote from: sheenshane on August 09, 2020, 11:49:15 PM

Quote from: CryptoMike52 on August 09, 2020, 11:13:16 PM

I just want to know what people think about them. Do they use paper wallets now? I'll bet the majority of people do not. I think they use wallets on mobile devices primarily or exchanges. I could be wrong.

It might because when creating a paper wallet is a very crucial thing, there's a step on how to create a paper wallet in a safe way. If you don't know how to create this paper wallet it might wipe out all your Bitcoin stored. Some reason, Bitcoin holders prefer to use hardware wallets like Trezor and Ledger because this is ready to use and store all your crypto.

Yes, I still use the Bitcoin wallet on the device and that custodial wallet but there is no problem if you don't store for long term purposes. I think it is also good if you include how to create a pepper wallet. See this reference, it has a good content. https://news.bitcoin.com/how-to-set-up-bitcoin-paper-wallet/.

You're right. If we don't know for sure how to create and secure our paper wallet, it can be a great risk! Therefore, majority of traders choose to use mobile wallets or exchanges. The reason is that this method has a higher security than paper wallet, even though it still has the risk of being hacked (which is not likely to happen). However, I think the risk is not high if we don't intend to store our capital for too long!