For the Last Time, Stop Using Paper Wallets!

[@gn7026]

A paper wallet is perfectly fine as long as you know exactly what you're doing. A hardware wallet is another way of delegating your agency and thinking to someone/something else.

[@xtrctn]

hardware wallet's software could easily get compromised

[@marcsiegel3358]

Really? You are offline and all is ok you think? Fail! There are a lot of Fake copies of bitaddress in the web. The Code Includes a list about 200 or more BTC Adresses. All Private Keys the Creator knows. U use one of this adresses U lost your BTC

[@braddater5834]

@@xtrctn Ngrave keeps their wallets code open sourced. It has no wifi/bluetooth. It only has the update factor with a usb but that said update goes to a separate part of the wallet that can not speak to the private keys. The wallet also needs an ID via blockchain to tell you that the update is genuine. Cold storage is what we have now.. Ngrave is EAL7 protected while your bank is EAL 5. I think we are good.

[@Josh-py9rq]

@@xtrctn LMAOOOO yeah the amount of times I have seen people check their paperwallet and found their old paperwallets with no btc on them anymore. HARD PASS and how many hardware wallets have been compromised? besides the trezor physical breach?

[@leeschmalz6365]

@@marcsiegel3358 then use the verified one and compare shasum's to cryptographically verify it is correct. agree with OP, this is secure (perhaps the most secure) if "you know exactly what you're doing"

[@patrickcowan8701]

I chisel all my backups in granite, been proven to be the most secure for millennia.

[@romanreigns696]

Hello Patrick

[@ikust007]

Good one!

[@TheZoekie]

But it sinks in water...

[@tyjandrews]

Say hello to my little friend, white vinegar! Great at getting those pesky stains out of your granite wallet XFD

[@lspag7415]

But if someone finds the piece of granite they can take it....

[@t.a.b.]

The government can't subpoena the bitcoin network and seize your funds. Most hardware wallets have a central point of control being the company that made it, which is obligated to turn over information and possibly keys. Bitcoin was supposed to take that away, so putting your funds on a 3rd party hardware wallet defeats the purpose, imo.

[@hilbertp]

Which hardware wallet has a central point of control able to get keys of off their customers' hardware wallet. I you find that out and spread the info, you will create a massive shit storm for said company.

[@DiegoGarcia-se4on]

howttf could say, trezor tgive my keys away if it's opensource and the keys are generated offline using their encrypted process? the government would be brute forcing all possible trezor keys until they find mine in that scenario

[@gabrieldash721]

Noob…

[@t.a.b.]

@@gabrieldash721 Yeah, wanting to use a paper wallet, one of the most original forms of a wallet makes me a noob. You must be a democrat to go straight to name calling. Keep your money on coin base

[@gabrieldash721]

@@t.a.b. relax my brother, that’s not the case… Actually i keep some mnemonic phases on a piece of paper, which is very similar to having a paper wallets, BUT, it’s already have BIP 32 HD wallets power to generate “infinite” addresses… So you can generate a xpub and use a readonly wallet to see your balance and generate transactions on your online device, and sign some transactions on an offline device…

[@jameswatson5707]

Its a good idea to practice sweeping a paper wallet before sweeping large amounts. Create a paper wallet in the same way you originally did or use spares which you may have created at the time. Send a small amount to it. Sweep it before you sweep your original paper wallet(s).

[@Whernnon]

Sweep whit samourai its ok?

[@Whernnon]

is there any video tutorial on KZbin of sweep paper wallet?

[@alexanderher7692]

why

[@martinhirsch94]

So paper wallets are obsolete? Ha! Even with a hardware wallet they tell you to make backup copies of your seed phrase/keyword phrase and keep it in a safe place such as on paper (or whatever). The seed phrase allows you to recover your wallet if a hardware wallet or some other device such as you or your phone or computer dies, or gets lost or stolen. Your 'wallet' is BASICALLY THE SAME THING AS A PASSWORD SAFE, one that makes use of encryption, and... 1. Saves your public account addresses (basically the same thing as a user ID) 2. Secret keys (basically the same thing as a password) 3. And your 24 word seed phrase (basically the same thing as a master password). Many wallets only work with a single blockchain related service and some of them support more than one, but no wallet supports all of them. Crazy huh? In other words they still don't have things figured out completely.

[@AlphaCrypto81]

12 words bro 12 words

[@mrrobot8973]

@@AlphaCrypto81 why over 24?

[@jimbob5891]

When aantop talks about obsolete paper wallets, he's talking about a piece of paper on which a secret key and corresponding address are written, likely in the form of a QR code. A modern software or hardware wallet is a hierarchical deterministic wallet that automatically generates an new SK and address for each transaction, which are derived from the seed phrase. Yes, you still need to write down your seed phrase.

[@gabrieldash721]

Noob… Keep a mnemonic phase backup on a piece of paper it’s totally different than a paper wallet (paper wallet is a single priv/pub key pair)

[@xtrctn]

hardware wallet's software could easily get compromised.

[@Dajlec]

and how exactly would that happen?

[@xtrctn]

@@Dajlec update.

[@garygranato9164]

@@Dajlec deerrr the same way all of these other "secure" systems get compromised. nothing is safe

[@gabrieldash721]

Like he said, many hardware wallets have an option to “set the entropy manually”…

[@Navictor2]

I'm reading the Warranties of Hardware Wallets and they are awful, they simply promise nothing, warrants nothing to the user. Are really hardware so secure? Does it makes sense to buy a product of an enterprise which will not respond if the product or software generate losses?

[@Ikilledthebanks]

Paper is the future of finance

[@phoenixeyes7160]

ANTO...Please make sure all videos have English subtitles..I'm Korean.,.😄😄😄😄😄

[@rareveryrare9875]

You're a legend ser 🔥

[@arglbargl5836]

I am using paper wallets as gifts e.g. now at xmas or new year within a "wish you all the best" cards. It is a lot easier to attach a paper wallet in that card than doing the same with a ledger or so😉. However one of the greatest danger with a paper wallet wasnt mentioned here: When someone wants to spend a little amount of his paper wallet and scans the QR for importing it in a software wallet, sends some of it to the receiver and then - "to be safe" - deletes the software wallet again, all of his paper wallet funds might got lost. Why? Because some wallets put the change into a new address. So your paper wallet address is empty and the change is on a new address where you just deleted all info about it.

[@reubenford6504]

Get some opendimes

[@StopBettingNow]

You must only use paper wallet to keep bitcoins for a long time, and just a little amount in each paper (like dollar bills). If you want to transfer a "little amount" you should use a hot wallet instead.

[@JohnKosanke1]

Please provide documentation as to the extent to which people are actually stealing funds from paper wallets and how they are accessing them in reality.

[@chipcity3016]

properly created paper wallets seem to have less horror stories than cold storage wallet losses.

[@soulreaper9453]

when you create a paper wallet with weak entropy, they run bots that scan wallets and that's how they discover the money and take it

[@JohnKosanke1]

Examples please.

[@Zmej420BlazeIt]

Listening. Just started. Been using and recommending paper wallets (in a fire proof safe) for like 10 years

[@TheLinuxYes]

or you could use something more secure: a Trezor hardware wallet with passphrase protected hidden wallet(s) put a small amount in your default wallet which is not passphrase protected. put the bulk in your hidden wallet(s) if your seed phrase is compromised they still can't get into your hidden wallet(s) because they don't know the passphrase, which is the final addon word of your standard seed phrase. passphrase is memorized, you don't want to write it down. every day, i recite my passphrase and Trezor pin number in my head.

[@skdkskdk]

@@TheLinuxYes are you saying I could not hammer an answer out of you if I asked for these hidden wallets?

[@TheLinuxYes]

@@skdkskdk what hidden wallet?? If i dont have one then how would you know?? If i do then how would you know?? Maybe i have two hidden wallets. One with 200 dollars worth of coin and the other with 200 thousand. Its called plausable deniability. And it works. Also remember that if all you have is a hammer then every problem is a nail.

[@skdkskdk]

@@TheLinuxYes I don't see your fingers or your head as a problem, but you're partially right

[@mrrobot8973]

@@skdkskdk that’s why you never tell anyone you own any ..Andreas has constantly said let him talk about it and you keep it private

[@dma22457]

you didnt elaborate on how to overcome trust issues with a hardware wallet made by a third party.

[@MichaelBoyden]

He does....he says to get a hardware wallet that is audited and if really paranoid get on that is open source.

[@featherbrickllc]

Taking my original bitcoin that I bought in July 2017 and sending it to an exchange this past december was sooooo nerve-wracking. After watching this I'm never going back. AA opened my eyes in 2017, still doing it today

[@featherbrickllc]

@@oberweiss7190 you do you, I do me. I've thought of this and 10 other things you likely haven't already

[@mrrobot8973]

@@featherbrickllc are you advocating for keeping coins on an exchange? I’m confused

[@financetips]

@@mrrobot8973 alos confused? CEX must be avoided for storing, only use it to buy!

[@TangoStent]

Nice video and THX for your work on crypto.💪♥️😃

[@Sourpusscandy]

Well I remember the first time I made a paper wallet, it was mindblowing! Well this was around late 2013. Just plain with a laser printer, no fancy kit. Then importing it was fun too!

[@matrixmodulator]

What if something like trezor or ledger units has a bug or stops working suddently?

[@mrrobot8973]

Seed phrase

[@rCrypto_Frog4148]

Or back door exposed

[@TheBadGuy69]

@@mrrobot8973so either way you still have to write stuff down lol

[@dfreuden]

How safe are Hard wallets (Trezor/Ledger) from hacking. Specifically, malicious software updates that enable access to all funds when I access funds?

[@vistadelvolcan]

Not i guess

[@andrewlonero8003]

I just sweeped a paper wallet I've had since 2014. They're cool, but also a single point of failure.

[@Whernnon]

how is it done ?

[@criptopanas]

Paper wallets were a great way to give BTC as a present. What would be the best method now days?

[@BalletCrypto]

Try our Ballet wallets!

[@vistadelvolcan]

I still think they are. Just keep the private key safe. Just like you dont want someone to find your seed phrase. And instruct them to sweep all of it when they get the btc out of storage. The paper wallet is STORAGE and wont give you change so be sure to sweep all of it. I see paper as savings account or VAULT and a hd wallet as bank account

[@evvie01]

Yes but... they have to have software updates... frequently!

[@xalspaero]

well said. what do you think about this topic --- self-custody (private key management) is not necessarily for everyone. any truth there? I know this is crypto blasphemy by being a direct contradiction to "not your keys not your crypto" decree, but managing a private key is not at all a beginner-friendly task because you have to adopt a security-first or "op sec" mindset and think of all the possible scenarios where someone might be able to access that 12-word seed based on how or where you are storing it. to me that seems like "advanced user" stuff right there. so in other words, storing most or all of your crypto on coinbase or gemini or across a few different exchanges is a perfectly valid thing to do for someone who wants a "hands off" approach and may not care to own that much crypto to begin with.

[@mrrobot8973]

Mt Gox…Coinbase is also corrupt as hell and all of them leave you exposed to hacks. Also lose out on forks.

[@redstar7311]

The intro with the rabbit going down the hole is cool.

[@christiansherriff176]

Tbh paper wallets are perfectly fine. I have multi that were generated with a coldcard using high entropy roles for each. Fully airgapped and printed from a non internet connected pc that was then wiped. The printer was then thrown away. Wallets in a safe. What's the big deal.😂

[@iinrodwetrust]

Would love to learn how you did this

[@christiansherriff176]

@rodneyd7773 Basically what I described. Coldcard has a paper wallet function under advanced menu. The tutorial is on their website. Easy. Just make sure to use a usb bootable OS or an install you can wipe before reconnecting to the internet. Loggers are an actual threat so never reconnect the PC to the internet again with the same OS of you're paranoid

[@evanwilliamson3602]

But paper wallets are safer than Binance and Coinbase, right?

[@lechar92]

comment to thank you for the work. Happy New Year

[@nosuchthing8]

But acid free paper could last a century. Can the same be said for these hardware wallets.

[@kendy4u]

Be careful guys. I did a copy paste of my private key of my wallet on a usb as backup. After 1 month I checked my wallet, and it was empty. A virus in my pc did a copy of all my copy paste key strokes and found my wallet address. Stupid me. But I learned my lesson. Buy a hardware wallet and write your seed down on a paper multiple times. Save it on different places. 🤢🥴

[@mapuche1971]

dovevi creare una passphrase al momento de creare il wallet di carta

[@TheBadGuy69]

How much did u lose?

[@pnut5194]

I don't know anyone who knows more about blockchain/bitcoin than you. Thanks for all your educational videos. I wish you and your family a happy new year!

[@maartenarnou]

I couldn't agree more. He's simply THE expert!

[@mrrobot8973]

@@maartenarnou he’s great but not on the level of punks like nick szabo

[@chautrongan6183]

After Merry Christmas happy to You. And next Happy New Year to You today.

[@brent2807]

Andreas how do you store some of your bitcoin? HWW+PP, Multisig?

[@townsendis]

What about the new Lace paper wallet that is encrypted with PGP keys?

[@SolarSeeker45]

That is until you drop the hardware wallet or forget the password or it gets too close to a magnet.

[@cristiovanni]

There's no need to worry about people using paper wallets. Almost everyone just keeps their funds on whatever exchange they use :D

[@mrrobot8973]

I’m a financial advisor and get asked about bitcoin all the time from clients, every single one of these dummies had their coins on exchanges lol

[@jizburg]

Thanks for the info.

[@luke-bookbear]

I disagree.

[@azulmarineintl.5346]

great insight thanks

[@fatlip8315]

What if you made a paper wallet into a digital wallet, so you could send it digitally acrossed a trusted network or trusted connection? Like sending passwords over the open internet but blocking thr password with the astericks? That could work! Right?

[@caiofdacosta]

Hardware wallets are expensive. Tails is still a secure and cheap solution if you know what you're doing and take the time to verify the download.

[@mrrobot8973]

Can get one for $50-100

[@caiofdacosta]

@@mrrobot8973 that's expensive in Brazil :)

[@mrrobot8973]

@@caiofdacosta have a buddy mail you one outside S America as a gift ..or do you just mean in general it’s expensive? I know electronics have insane mark ups there

[@caiofdacosta]

@@mrrobot8973 a Ledger Nano S costs around R$ 750 with shipping and taxes. The minimum wage here is about R$ 1100/month and that's what a large part of the population. So, any hardware wallet is like 70% of a minimum wage and that's pretty expensive for a wallet, specially with our current inflation rate

[@mrrobot8973]

@@caiofdacosta damn that’s insane. Is cost of living generally cheap ? What about during tines of massive inflation like right now, this would ruin people no?

[@h.s3187]

Hey guys there is a great idea , I suggest you use an cipher build by yourself that you are the only person that know , Write in a paper your private keys with the cipher it can be a draw that make you remember a combination of letters or even an combination of numbers that make an alphabet letter and an combination of words that mean a number , so just do it anyone tha get a paper like this maybe gonna think that it was a doodle .

[@enricozambotti7047]

Thanks Andreas, I have been using them for many years but I will look up for a better solution then.

[@TheLinuxYes]

Trezor

[@ikust007]

Thank you so much .

[@BlackShampoo75]

Paper wallets are fine if you know what you're doing. IF

[@fkklkomvocl1234gv]

Nope. I'm sticking to physical seed phrase, maybe not paper, instead inscribed in metal. Phones are not safu.

[@MasterNeiXD]

Too bad BIP 32 is pretty much obsolete because of Taproot. :( We now have to track which scripts we should use with each output. So backups with output descriptors will probably become the norm. Users will have to learn how to properly secure encrypted files.

[@ericb9994]

so if there is a security phrase you can use to restore your bitcoin address with a lost ledger then the bit coin address is not private someone has it stored away from the block chain. I do not see where a ledger is private or secure if you can recover the info.

[@smiff9577]

It took me a while to figure out this video was not about physical paper wallets. 😅

[@wadjo1]

Quick question: can i use paper wallets?

[@crazyprayingmantis5596]

More people should use paper wallets imo, the more lost Bitcoin the better 😉

[@ddljddlj704]

U celebrate .1 btc lost U are genius

[@TheLinuxYes]

the only paper wallet i need is a Trezor Model T with Passphrase protected hidden wallets. (except backing up my seed phrase in 3 locations of course)

[@petargolubovic5300]

take a shot every time Andreas blinks

[@jjgubb]

hey there mr antonopolous, I was wondering - Let's say I was traveling abroad and customs decided to take my hardware wallet. If I happened to have access to my 24 words, would I be able to download or purchase any wallet and just enter those 24 words and it would allow me access to my crypto? Or would I have to also know my public wallet address? I am having a hard time grasping this concept. Have been trying to figure it out the last few hours but cannot seem to come up with an answer.

[@jimbob5891]

Yes. With your 24 word seed phrase, you will be able to derive the same series of secret keys and corresponding addresses that original wallet did and access your funds. Note that different brands of hardware and software wallets may take the same seed phrase and derive the SK's and addresses differently, which could result in your funds not showing up when you attempt to access them. Stick with the same brand/app to avoid headaces. If your worried about it memorize your seed phrase and fly without a wallet, hard or soft.

[@angusclark145]

Thanks.

[@Riclaval]

So this is mainly for newcomers and those providing entry options into crypto I guess.

[@Mr25thfret]

Hi a! Have you recorded a video on claiming tokens on a new network after a hard fork?

[@brunooliveirasoares7489]

What about multi-signed Electrum? (although the arguments of a trojan free distro and download the properly software) Thanks for your amazing work =)

[@vistadelvolcan]

My paper wallet is audited by Satoshi !

[@1sanremy]

What about a big SOLAR CME destroying a major part of our electronic and electrical infrastructures : would BITCOIN and other crypto-moneys survive and remain usable ? Thanx per advance for your answer. Peace & love

[@MrHarrilasagna]

Yes! You've given so many reasons not too.

[@lunarbluesmusic]

I can't even install nvidia drivers on Ubuntu.

[@pierrepiwai1609]

And What about, if you never print the paper wallet?

[@Whernnon]

Subtitulos en español por favor.

[@jonmclaughlin4128]

what if I'm blind? Which hardware wallet can I use without having to get and trust someone else to write down my seed prase and not steal all of my funds?

[@natasspin3015]

A big like just for the intro, the rest I already know is pure knowledge by dr. André, just punch some education my way pal

[@lucysluckyday]

Paper wallets were designed by programmers to be used only by programmers back in the early days when only programmers used bitcoin!!! I don't have a problem with paper wallets personally, BUT only use them IF you are adept at programming your own payment scripts AND have your own full node to broadcast the transactions AND have an adept understanding of all the supported bitcoin wallet varieties and uses (P2, P2W, bech32, segwit, etc). I suspect there has been a lot of bitcoin lost because people had no safe way to ever recover their funds from paper wallets, other than using a public website (which will potentially just steal the funds).

[@expertservicers3186]

This is a headache, I do not care about losing money so badly. Can just go work as a dishwasher and eat good.

[@MiguelMorales85]

Thanks for existing

[@transponymer]

5:00 ... get one that allows you to introduce your own entropy, the ??inaudible?? is a great example ot that ... - can anyone decypher that please

[@Whernnon]

is there any video tutorial on KZbin of sweep paper wallet?

[@collin5022]

can you please do a video on Electrum vs. Hardware Wallets like trezor and ledger? obviously hardware wallets are safer, but can you please elaborate on why? is it only because Electrum lives on a computer that could possibly host malware?

[@TheMkkr]

amateur guess: yes, because hw-wallets create an additional layer of security when it is isolated from the computer environment that can get infected with keyloggers etc (I think it wouldn't protect from some malicious software code connected to the hw-wallet though)🤷

[@comediavietii1245]

Electrum is at safe as it gets running on a clean win/linux instance.

[@TheTOShow-xw6ii]

If you want to trust a 3rd party with your coin, sure don’t use a paper wallet

[@paradise6606]

Ok dude, you have me completely confused. Tell us how you hold your crypto instead of telling us not the way to hold it. It seems someone always can have aback door into any of these wallets one way or another.

[@manny_f]

If you generate the paper wallet using pen and paper, and sign transactions using pen and paper, then sure. But then most likely you'd be using an air-gapped computer with a piece of software you wrote yourself to make the task easier, at which point what you've effectively created is... a hardware wallet. So it's basically just cheaper, smaller, quicker and easier to buy an inexpensive purpose-built hardware wallet.

[@blackdogproductions2044]

so, I want to store btc for my kids. At least 20year hold time. In my short experience using a Ledger Nano (annoying as hell) I know if I use a hardware wallet it will be completely obsolete by the time my kids need to access their btc. It's likely there won't even be a computer that the device can be used on. Already everytime I use my Ledger I have to upload a new operating system. Pretty much every single time. I only use the thing every other year or so. It's so annoying to have to update the software.

[@etiennelaliberte8413]

What hardware wallet would you receommend?

[@DJ-Illuminate]

Basically you make me want to just keep it in coinbase then.

[@jimbob5891]

Noooooooooo! :D Just go with a hardware or software wallet. Remember, coinbase can decide to freeze you account at any time for any reason or no reason.

[@rogernevez5187]

5:10 "But what about Tails? But what about usb stick? ..." Yes, but what about dice roll ????

[@newera9164]

How can I sweep a encrypted bip38 bitcoin paper wallet? Is there a bitcoin limit? And how can I sweep the bitcoin forks from my bitcoin wallet?

[@ysr8270]

Andreas, can you help me directing me on how to transfer BTC funds from paper wallet created on 2017 at bit address to a any hardware wallet? i really need help with it.

[@aantonop]

If you're having trouble accessing the funds it could be due to the derivation path used by your paper wallet. You can learn more about derivation paths of wallets at walletsrecovery.org/ - there are some videos on the channel about this too.

[@heaven-is-real]

Nah, look at what happened to ledger with their recovery opt in service. I will take paper wallets over that any day.

[@andneomatmj23]

Man, what we that are craftmens who are making leather walllet should do now?

[@wilfredv1930]

exactly!

[@jonlaban4272]

Twelve English Words: I do not use paper wallets because we now have something simple

[@peterkral4660]

So what can I use as a crypto wallet?

[@bigdaddyof2007]

why would one 'sweep' a paper wallet, I see paper wallets use case being like cash or off chain IRL transactions between peers.

[@bigdaddyof2007]

@@gleetree7052 the whole point of a paper wallet is too never sweep the funds off of it, thus locking what ever amount into that address, as long as there is a block explorer one can verify the amount locked in there. Thus off chain un-traceable transactions IRL peer to peer.

[@bigdaddyof2007]

@@gleetree7052 I never said you keep the private keys, if your going to lock it too a paper wallet, the private keys should not kept at all but destroyed so the funds are forever locked to that address, the only thing require is the public key so one can verify the amount locked to that address. It then would function like cash.

[@bigdaddyof2007]

@@gleetree7052 granted it would require a trusted issuer for this to work, thats why in my first post I stated "between peers IRL" implying the parties know each other. My intent was only to play devils advocate and give a use case for paper wallets, anyway I have expended enough time on this debate.

[@tomaskorn86]

Sorry but it's not clear, should I use paper wallets or not? It's confusing.

[@jerrymac1795]

😄

[@kotgc7987]

@@__Brandon__ if you have a hardware wallet, then wouldn't a metal backup be better? $15 for a metal stamp kit (or free engraver borrowed from the police station), 1 bolt, 1 nut and 12-24 10mm washers OR cryptosteel.

[@kotgc7987]

@@__Brandon__ a 2nd hardware wallet seems superfluous. Funds < 3 months (or as you mention < 2 weeks) can be stored on a hot wallet (decentralised) rather than a 2nd hard wallet. The hot wallet's mnemonic phrase would then be saved on the hard wallet. The hard wallet's mnemonic phrase is saved on a metal cylinder shape. The hard wallet's mnemonic phrase is protected with a passphrase (13th or 25th word) stored on the cloud, so you don't memorise anything and are not susceptible to a $5 wrench attack. I think this cloud stored 25th word is also a quasi multisig in the unfortunate event of death/inheritance.

[@kotgc7987]

@@__Brandon__ Ok, to be clear, my understanding of a hard/hardware/cold wallet is an offline physical item like Ledger, Trezor or a piece of paper or metal. A hot wallet is online software.

[@prakash7921]

I didn't understand the context of mentioning vera crpt.

[@antipode_ghost]

I understand why paper wallets are problematic, but what is a good way of gifting some BTC to, say, a child?

[@praveen25]

I think for small amounts that you can afford to lose, it’s fine to gift someone a paper wallet just to introduce them to Bitcoin. However, for more serious amounts, gifting a hardware wallet makes sense. If that’s too expensive, the next best option is sending them BTC on a smartphone wallet.

[@jackmaxwell3134]

They are bad for STORING bitcoin. I think they are perfectly okay as a gift (and the recipient will store it on his own wallet)..

[@antipode_ghost]

@@jackmaxwell3134 But gifting bitcoin to a child as a paper wallet is primarily storing. The idea is for bitcoin to appreciate as they age, until they are old enough to have their own wallet.

[@antipode_ghost]

@@eddie.b2k Yes, this is what I decided to do. I generated a BIP39 24-word phrase, created a wallet, and exported the main public key as a QR code, then gifted that. My son can set up a watch-only wallet using that key. When he's ready to manage the wallet himself, he will use the mnemonic seed to create a proper wallet.

[@strutt01]

Just don't drop your cold hardware wallet.

[@mrrobot8973]

Fun Fact- BitBills were the first paper wallets

[@f.flinstone252]

Good day sir! You're the best! I'd like to ask something about passphrases and seed phrases, I know you've talked a lot about it but didn't find this particular answer. You've also talked a lot about it being such an immense small chance that someone could stumble on your seed phrase by accident or brute force maybe. But what if someone stores Bitcoin behind a seedphrase and just 1 other passphrase word (maybe outside of Bip list). And stores this last word simply together with the 24 word seed. Because if otherwise, this person would store the 24 words together anyway. So you're maybe not protected against 5 dollar wrench attack but aren't you this way protected against this miniscule coincidence or possibly brute force attack?

[@f.flinstone252]

You're protected because I imagine ton's of adresses are being made, used, tried, brute forced every year backed by seed phrases and 99% of the time it are 24 words. So 1 word extra (especially outside bip list) would completely take away the risk of someone/something stumple upon your Bitcoin.

[@heyitsmedoug8397]

Is this like safepals method of 12 24 word and a paraphrase to get wallet back

[@jimbob5891]

@@f.flinstone252Each of the 2048 words on the BIP list represents a number between 0 and 2048. This allows a human to memorize and transcribe a very long number that would be otherwise nearly impossible to handle manually. Adding a word not from the list would not work, as it does not correspond to any number. The last word in a phrase is a checksum, so adding another word to the end probably would not work either.

[@Ryan-mn2dd]

I'm pretty sure he's blinking his private key...

[@k98killer]

One of my friends lost like 50 bitcoins to toddlers who ate his paper wallets.

[@zanderbam6546]

But I use an air gapped comp..??

[@frogiac]

I know he can't help it but the blinking freaks me out. It's so distracting.

[@patrickdelgado6475]

Damn. Right after i just sent $5k to a ton of different paper wallets to give away as xmas presents Its always worked for me in the past. It probably doesnt matter but after going to the site that creates em i disconnect from the internet first. But i do use my printer so probably compromised

[@Simonjose7258]

Why is your printer working forbthe CIA?

[@NilsonDiasOficial]

Do you trust those "pendrives" will last till 2035 in the tropical weather of Florida? That's what I am afraid of...

[@metasamsara]

What if I want to give away wallets with crypto on it to people without meeting or knowing them?

[@raffa6796]

Why not use Tails?