How To Create A Paper Wallet

What is a paper wallet ?

A piece of paper that contains your private keys. But, it does not have to be printed and can be saved to a USB stick or any storage devise.

What happens if I loose it ?

You will loose access to your wallet. 

How To Prevent loosing it ?

Store it on multiple devices and check the file occasionally just in case it becomes corrupted.

I have created multiple paper wallets over the years and have never lost access to them. But, I do have it stored on multiple USB stocks, and mememory cards. It is always best to encypt it to prevent unlawful access. A micro SD card could even be inplanted under your skin so you will always be able to access it no matter where you are. The private keys could also be put onto a chip and that could be inplanted under the skin. On "Sin senos si hay paraíso" a Columbian TV show one of the charactors inplanted a micro SD card in his son. When he died the child had access to a wealth of information. Although it was on TV it is possible. Another option would be to email the private key in an encypted email. It just depends how paranoid you are. But, it would be a good solucion if you are in a situation where you need to avade the authrities or other people for what ever reason. 

A Paper wallet is a very good way to avoid the authrities (tax man) knowing about how much cypyo you hold and prevent you from paying any tax or having to Declare it. Although you would have to purchase the Cypto anonymously. It is very easy to do I will save it for a future post.

Where can I get a paper wallet ?

Lots of places online offer paper wallets but, I can highly recommend "walletgenerator.net" it is open source and very secure. They support 197 different coins. Never click on a link when looking for a paper wallet generator. Instead search for it. For best practice and security I go to the paper walet generator and turn my laptop WiFi off. Until I have saved my new private key.