More Examples

Paper wallets are not good for very secure bitcoin storage.”

“I gave my nephew 0.000125 BTC in a paper wallet.”

“I printed out some preloaded bitcoin paper wallets for holiday gifts.”

Definition(s) from the Web

  1. A paper wallet is the name given to an obsolete and unsafe method of storing bitcoin which was popular between 2011 and 2016. It works by having a single private key and bitcoin address, usually generated by a website, being printed out onto paper. This method has a large number of downsides and should not be used. For storage of bitcoins, a much better way accomplish what paper wallets do is to use seed phrases instead, where the user writes down 12 or 24 random words generated by their wallet. Source
  2. Paper wallet is a document containing all of the data necessary to generate any number of Bitcoin private keys, forming a wallet of keys. However, people often use the term to mean any way of storing bitcoins offline as a physical document. This second definition also includes paper keys and redeemable codes. A paper key is a single key written on paper that is used multiple times like a wallet (this is strongly discouraged). A redeemable code is a single key intended to be funded and “redeemed” only once: these are commonly used for gifts and as part of physical Bitcoin coins/notes. Source
  3. Physical wallets store the credentials necessary to spend bitcoins offline and can be as simple as a paper printout of the private key: a paper wallet. A paper wallet is created with a keypair generated on a computer with no internet connection; the private key is written or printed onto the paper and then erased from the computer. The paper wallet can then be stored in a safe physical location for later retrieval. Bitcoins stored using a paper wallet are said to be in cold storage. Source

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