Post
Topic
Board Beginners & Help
Re: what are the disadvantages of paper wallet
by
o_e_l_e_o
on 28/12/2022, 17:51:00 UTC
So your wallet is not yet active until you enter your information online and  your wallet is connected to a live block chain.
That's not how wallets work. They do not need to be activated and they do not need to be connected to a live blockchain. Any valid bitcoin address already exists and can have coins sent to it, regardless of whether or not it has actually been generated by a wallet. It is entirely possible to create a wallet which is permanently offline and is never connected to the internet in any way, which will sign transaction offline, and it is only the transaction which is broadcasted to the network.

Hard ware wallets are too expensive and the setup process can be quite tedious for newbies.
If you think the process of setting up a hardware wallet is too complicated for newbies, then a paper wallet is a very poor alternative suggestion. It is significantly harder to generate a paper wallet in a secure manner than it is to set up a hardware wallet, and it is significantly easier to mess up when generating or using a paper wallet and end up losing all your coins.