Post
Topic
Board Bitcoin Discussion
Re: Need help moving "Pre-Forked" Bitcoin to a new address
by
Haliburton
on 14/02/2021, 01:13:06 UTC
Just make sure to not use those types of paper wallets that require you to just print out your private key and an address. At least one paper wallet site is known to be malicious, it's hard to verify they code of websites. They also encourage you to reuse your address which is horrible for privacy. And they have less error correction, so if it gets damaged, it would be hard to recover the private key.

Instead use a wallet like Electrum that allows you to create a mnemonic seed and write it down on paper, or use something even more resilient, and make sure to create multiple backups.

I've created a bech32 segwit paper wallet using this generator: https://segwitaddress.org/ . Everything was done in a new computer, with a live Ubuntu OS installed on a USB stick, and no internet access of any kind. I got a private key instead of a seed.

Will my new cold storage wallet still be safe this way? Or should I create a new one which makes use of a seed? I'm used to handling private keys from many cryptocurrencies ever since I began my journey in 2015. I don't like seeds because they have a bunch of BTC keypairs attached to them. A private key only works for a single address, allowing you to easily manage your funds.

What do you think, brother? Huh