Post
Topic
Board Electrum
Re: Basic SWEEP questions
by
3robins
on 15/05/2025, 01:37:15 UTC
Thanks again for taking the time.

Here are a few notes on paper wallets.

  • If you created your wallet on an online device, you have a hot wallet (not a cold wallet), even if you are keeping your private key(s) offline.
  • If you created your wallet on an air-gapped device, you have a cold wallet, but once you enter your private key on an online device, you no longer have a cold storage.
  • If you have a paper wallet and now you want to make a transaction, you should sign your transaction offline (preferably on an air-gapped device).

A paper wallet should be created on an air-gapped device and you should also sign your transactions offline (preferably on an air-gapped device) whenever you want to make a transaction.

I'm 99% certian the one in bold is what I did a decade ago, created the paper wallet off-line, and I've verified the funds on the blockchain using the public address every few years since.

If your device is compromised, you may lose your fund once you enter your private key.

I mentioned that here, and I realize it has some risk associated with it...

I also realize that the method explained at this link is the most secure and preferred way to do it, but its too complicated for me and my machine is clean and up to date so the risk is minimal... https://bitcointalk.org/index.php?topic=5328271.msg56705405#msg56705405