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RE: ADSactly Crypto: What Is A Bitcoin Paper Wallet

in #bitcoin5 years ago

Although it has many advantages, the consequences of loss of the wallet are fatal. Of course, if you take the forecasts you say, it's probably just a scare. We are so accustomed to other types of wallets that it would be good to stroll through the possibilities of this one you mention. Coinbase is currently one of the Wallets recommended for storing Bitcoins, for its simplicity and power. In addition, it allows you to store Ethereum and Litecoin. Not to mention that you can buy Bitcoins from most Latin American countries, such as Venezuela, the country where I live, with a credit card. Thank you for this information.

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Coinbase isn’t a wallet though it’s a custodial account and I can see why people use it but it’s better to have a wallet! You can use hot wallet apps like Jaxx or exodus that allow you to set up wallets and own your own keys

Paper wallets are just another option for those who want cold storage but don’t want to buy a trezor or any of the thumb drives

The reason I like the idea of a paper wallet is because it’s something physical you hand over! People can understand it even if it’s a bit weird saying this piece of paper I’m giving you is worth say $8000 or however much BTC is at the time lol

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