Post
Topic
Board Hardware wallets
Re: Hardware wallets vs paper wallets
by
hZti
on 15/01/2023, 10:52:19 UTC

So, speaking of paper wallets, how did you generate them? The whole point of this thread and the fact that I tried to develop something is that I didn't trust bitaddress for example.
If you want an classical single key paper wallet, then I would simply use Core on an airgapped computer to generate a private key and then copy the private key and address to a piece of paper to be printed with a dumb printer. I prefer to use seed phrases to generate HD wallets, though, rather than individual key pairs. For this I would either use Electrum, or generate the seed phrase manually by flipping a coin. Write that seed phrase down, and then use Electrum to derive the relevant addresses from that seed phrase to either also be written down/printed off, or transferred over to an online machine via QR code. Once you have the seed phrase written down and some addresses to send coins to (and double checked everything!), you can wipe all traces from your airgapped computer.

This is a very good but complicated way. If you really just want to give 10 USD with of bitcoin to a friend, you can also create on with this website: https://www.bitaddress.org The website should be used in an offline mode and the computer should be a fresh install that was never connected to the internet.