For the Last Time, Stop Using Paper Wallets!

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aantonop

aantonop

Күн бұрын

Paper wallets are where you record a private key and corresponding bitcoin address as QR codes that are printed onto a piece of paper. They were very popular in the early days of bitcoin, when mnemonic phrases didn't exist. Stop using them. Learn why in this video.
Chapters
0:00 Paper wallets is not simply things that you record on paper
0:34 Single key paper wallets
0:59 Paper wallets was extremely popular back then
1:41 It's not okay anymore to use paper wallets
5:53 What is the best way to get funds out of a paper wallet and move it to a hardware wallet?
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Пікірлер: 259
@gn7026
@gn7026 Жыл бұрын
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
@xtrctn Жыл бұрын
hardware wallet's software could easily get compromised
@marcsiegel3358
@marcsiegel3358 11 ай бұрын
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
@braddater5834 10 ай бұрын
@@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
@Josh-py9rq 8 ай бұрын
@@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
@leeschmalz6365 6 ай бұрын
@@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"
@t.a.b.
@t.a.b. Жыл бұрын
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
@hilbertp 4 ай бұрын
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
@DiegoGarcia-se4on 2 күн бұрын
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
@Navictor2
@Navictor2 2 жыл бұрын
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?
@martinhirsch94
@martinhirsch94 2 жыл бұрын
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
@AlphaCrypto81 2 жыл бұрын
12 words bro 12 words
@mrrobot8973
@mrrobot8973 2 жыл бұрын
@@AlphaCrypto81 why over 24?
@jimbob5891
@jimbob5891 2 жыл бұрын
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.
@jameswatson5707
@jameswatson5707 2 жыл бұрын
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
@Whernnon 2 жыл бұрын
Sweep whit samourai its ok?
@Whernnon
@Whernnon 2 жыл бұрын
is there any video tutorial on KZbin of sweep paper wallet?
@alexanderher7692
@alexanderher7692 6 ай бұрын
why
@arglbargl5836
@arglbargl5836 2 жыл бұрын
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
@reubenford6504 2 жыл бұрын
Get some opendimes
@StopBettingNow
@StopBettingNow 2 жыл бұрын
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.
@patrickcowan8701
@patrickcowan8701 2 жыл бұрын
I chisel all my backups in granite, been proven to be the most secure for millennia.
@romanreigns696
@romanreigns696 2 жыл бұрын
Hello Patrick
@ikust007
@ikust007 2 жыл бұрын
Good one!
@TheZoekie
@TheZoekie 2 жыл бұрын
But it sinks in water...
@tyjandrews
@tyjandrews 2 жыл бұрын
Say hello to my little friend, white vinegar! Great at getting those pesky stains out of your granite wallet XFD
@lspag7415
@lspag7415 2 жыл бұрын
But if someone finds the piece of granite they can take it....
@xtrctn
@xtrctn Жыл бұрын
hardware wallet's software could easily get compromised.
@Dajlec
@Dajlec 9 ай бұрын
and how exactly would that happen?
@xtrctn
@xtrctn 9 ай бұрын
@@Dajlec update.
@garygranato9164
@garygranato9164 7 ай бұрын
@@Dajlec deerrr the same way all of these other "secure" systems get compromised. nothing is safe
@Sourpusscandy
@Sourpusscandy 2 жыл бұрын
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!
@jizburg
@jizburg 2 жыл бұрын
Thanks for the info.
@TangoStent
@TangoStent 2 жыл бұрын
Nice video and THX for your work on crypto.💪♥️😃
@rareveryrare9875
@rareveryrare9875 2 жыл бұрын
You're a legend ser 🔥
@azulmarineintl.5346
@azulmarineintl.5346 2 жыл бұрын
great insight thanks
@Zmej420BlazeIt
@Zmej420BlazeIt 2 жыл бұрын
Listening. Just started. Been using and recommending paper wallets (in a fire proof safe) for like 10 years
@TheLinuxYes
@TheLinuxYes 2 жыл бұрын
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
@skdkskdk 2 жыл бұрын
@@TheLinuxYes are you saying I could not hammer an answer out of you if I asked for these hidden wallets?
@TheLinuxYes
@TheLinuxYes 2 жыл бұрын
@@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
@skdkskdk 2 жыл бұрын
@@TheLinuxYes I don't see your fingers or your head as a problem, but you're partially right
@mrrobot8973
@mrrobot8973 2 жыл бұрын
@@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
@lechar92
@lechar92 Жыл бұрын
comment to thank you for the work. Happy New Year
@ikust007
@ikust007 2 жыл бұрын
Thank you so much .
@phoenixeyes7160
@phoenixeyes7160 2 жыл бұрын
ANTO...Please make sure all videos have English subtitles..I'm Korean.,.😄😄😄😄😄
@BlockchainShango
@BlockchainShango 2 жыл бұрын
Thank you 🙏🏾
@JohnKosanke1
@JohnKosanke1 Жыл бұрын
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
@chipcity3016 10 ай бұрын
properly created paper wallets seem to have less horror stories than cold storage wallet losses.
@soulreaper9453
@soulreaper9453 2 ай бұрын
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
@JohnKosanke1 2 ай бұрын
Examples please.
@andrewlonero8003
@andrewlonero8003 2 жыл бұрын
I just sweeped a paper wallet I've had since 2014. They're cool, but also a single point of failure.
@Whernnon
@Whernnon 2 жыл бұрын
how is it done ?
@victormultanen1981
@victormultanen1981 2 жыл бұрын
thank you!
@brent2807
@brent2807 2 жыл бұрын
Andreas how do you store some of your bitcoin? HWW+PP, Multisig?
@ericb9994
@ericb9994 Жыл бұрын
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.
@Ikilledthebanks
@Ikilledthebanks 2 жыл бұрын
Paper is the future of finance
@featherbrickllc
@featherbrickllc 2 жыл бұрын
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
@featherbrickllc 2 жыл бұрын
@@oberweiss7190 you do you, I do me. I've thought of this and 10 other things you likely haven't already
@mrrobot8973
@mrrobot8973 Жыл бұрын
@@featherbrickllc are you advocating for keeping coins on an exchange? I’m confused
@financetips
@financetips Жыл бұрын
@@mrrobot8973 alos confused? CEX must be avoided for storing, only use it to buy!
@Mr25thfret
@Mr25thfret 2 жыл бұрын
Hi a! Have you recorded a video on claiming tokens on a new network after a hard fork?
@angusclark145
@angusclark145 2 жыл бұрын
Thanks.
@enricozambotti7047
@enricozambotti7047 2 жыл бұрын
Thanks Andreas, I have been using them for many years but I will look up for a better solution then.
@TheLinuxYes
@TheLinuxYes 2 жыл бұрын
Trezor
@jjgubb
@jjgubb 2 жыл бұрын
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
@jimbob5891 2 жыл бұрын
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.
@chautrongan6183
@chautrongan6183 2 жыл бұрын
After Merry Christmas happy to You. And next Happy New Year to You today.
@matrixmodulator
@matrixmodulator Жыл бұрын
What if something like trezor or ledger units has a bug or stops working suddently?
@mrrobot8973
@mrrobot8973 Жыл бұрын
Seed phrase
@rCrypto_Frog4148
@rCrypto_Frog4148 Жыл бұрын
Or back door exposed
@TheBadGuy69
@TheBadGuy69 6 ай бұрын
@@mrrobot8973so either way you still have to write stuff down lol
@dma22457
@dma22457 Жыл бұрын
you didnt elaborate on how to overcome trust issues with a hardware wallet made by a third party.
@redstar7311
@redstar7311 Жыл бұрын
The intro with the rabbit going down the hole is cool.
@dfreuden
@dfreuden 2 жыл бұрын
How safe are Hard wallets (Trezor/Ledger) from hacking. Specifically, malicious software updates that enable access to all funds when I access funds?
@traderjet
@traderjet 2 жыл бұрын
Not i guess
@pnut5194
@pnut5194 2 жыл бұрын
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
@maartenarnou 2 жыл бұрын
I couldn't agree more. He's simply THE expert!
@mrrobot8973
@mrrobot8973 2 жыл бұрын
@@maartenarnou he’s great but not on the level of punks like nick szabo
@evvie01
@evvie01 9 ай бұрын
Yes but... they have to have software updates... frequently!
@kendy4u
@kendy4u 2 жыл бұрын
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
@mapuche1971 Жыл бұрын
dovevi creare una passphrase al momento de creare il wallet di carta
@TheBadGuy69
@TheBadGuy69 6 ай бұрын
How much did u lose?
@MasterNeiXD
@MasterNeiXD 2 жыл бұрын
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.
@evanwilliamson3602
@evanwilliamson3602 11 ай бұрын
But paper wallets are safer than Binance and Coinbase, right?
@christiansherriff176
@christiansherriff176 11 ай бұрын
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.😂
@rodneyd7773
@rodneyd7773 6 ай бұрын
Would love to learn how you did this
@christiansherriff176
@christiansherriff176 6 ай бұрын
@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
@h.s3187
@h.s3187 Жыл бұрын
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 .
@brunooliveirasoares7489
@brunooliveirasoares7489 2 жыл бұрын
What about multi-signed Electrum? (although the arguments of a trojan free distro and download the properly software) Thanks for your amazing work =)
@TheLinuxYes
@TheLinuxYes 2 жыл бұрын
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)
@Whernnon
@Whernnon 2 жыл бұрын
is there any video tutorial on KZbin of sweep paper wallet?
@jonmclaughlin4128
@jonmclaughlin4128 2 жыл бұрын
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?
@xalspaero
@xalspaero 2 жыл бұрын
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
@mrrobot8973 2 жыл бұрын
Mt Gox…Coinbase is also corrupt as hell and all of them leave you exposed to hacks. Also lose out on forks.
@MiguelMorales85
@MiguelMorales85 2 жыл бұрын
Thanks for existing
@MrHarrilasagna
@MrHarrilasagna 2 жыл бұрын
Yes! You've given so many reasons not too.
@natasspin3015
@natasspin3015 2 жыл бұрын
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
@cristiovanni
@cristiovanni 2 жыл бұрын
There's no need to worry about people using paper wallets. Almost everyone just keeps their funds on whatever exchange they use :D
@mrrobot8973
@mrrobot8973 2 жыл бұрын
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
@wilfredv1930
@wilfredv1930 2 жыл бұрын
exactly!
@user-ql7og2km2p
@user-ql7og2km2p 2 ай бұрын
Ok I'm going for my paper wallet
@smiff9577
@smiff9577 Жыл бұрын
It took me a while to figure out this video was not about physical paper wallets. 😅
@ysr8270
@ysr8270 4 ай бұрын
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
@aantonop 4 ай бұрын
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.
@collin5022
@collin5022 2 жыл бұрын
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
@TheMkkr 2 жыл бұрын
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
@comediavietii1245 2 жыл бұрын
Electrum is at safe as it gets running on a clean win/linux instance.
@wadjo1
@wadjo1 Жыл бұрын
Quick question: can i use paper wallets?
@criptopanas
@criptopanas 2 жыл бұрын
Paper wallets were a great way to give BTC as a present. What would be the best method now days?
@BalletCrypto
@BalletCrypto 2 жыл бұрын
Try our Ballet wallets!
@traderjet
@traderjet 2 жыл бұрын
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
@caiofdacosta
@caiofdacosta 2 жыл бұрын
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
@mrrobot8973 2 жыл бұрын
Can get one for $50-100
@caiofdacosta
@caiofdacosta 2 жыл бұрын
@@mrrobot8973 that's expensive in Brazil :)
@mrrobot8973
@mrrobot8973 2 жыл бұрын
@@caiofdacosta have a buddy mail you one outside S America as a gift ..or do you just mean in general it’s expensive? I know electronics have insane mark ups there
@caiofdacosta
@caiofdacosta 2 жыл бұрын
@@mrrobot8973 a Ledger Nano S costs around R$ 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
@mrrobot8973 2 жыл бұрын
@@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?
@newera9164
@newera9164 10 ай бұрын
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?
@peterkral4660
@peterkral4660 Жыл бұрын
So what can I use as a crypto wallet?
@transponymer
@transponymer 2 жыл бұрын
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
@fkklkomvocl1234gv
@fkklkomvocl1234gv 2 жыл бұрын
Nope. I'm sticking to physical seed phrase, maybe not paper, instead inscribed in metal. Phones are not safu.
@petargolubovic5300
@petargolubovic5300 2 жыл бұрын
take a shot every time Andreas blinks
@crazyprayingmantis5596
@crazyprayingmantis5596 2 жыл бұрын
More people should use paper wallets imo, the more lost Bitcoin the better 😉
@ddljddlj704
@ddljddlj704 2 жыл бұрын
U celebrate .1 btc lost U are genius
@lucysluckyday
@lucysluckyday Жыл бұрын
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).
@1sanremy
@1sanremy 2 жыл бұрын
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
@luke-bookbear
@luke-bookbear 2 жыл бұрын
I disagree.
@traderjet
@traderjet 2 жыл бұрын
My paper wallet is audited by Satoshi !
@f.flinstone252
@f.flinstone252 2 жыл бұрын
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
@f.flinstone252 2 жыл бұрын
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
@heyitsmedoug8397 2 жыл бұрын
Is this like safepals method of 12 24 word and a paraphrase to get wallet back
@jimbob5891
@jimbob5891 2 жыл бұрын
@@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.
@zanderbam6546
@zanderbam6546 2 жыл бұрын
But I use an air gapped comp..??
@manny_f
@manny_f 6 ай бұрын
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.
@mrrobot8973
@mrrobot8973 2 жыл бұрын
Fun Fact- BitBills were the first paper wallets
@Riclaval
@Riclaval 2 жыл бұрын
So this is mainly for newcomers and those providing entry options into crypto I guess.
@BlackShampoo75
@BlackShampoo75 9 ай бұрын
Paper wallets are fine if you know what you're doing. IF
@prakash7921
@prakash7921 2 жыл бұрын
I didn't understand the context of mentioning vera crpt.
@nosuchthing8
@nosuchthing8 3 ай бұрын
But acid free paper could last a century. Can the same be said for these hardware wallets.
@victorokponganam
@victorokponganam 2 жыл бұрын
Where can I get your book
@aantonop
@aantonop 2 жыл бұрын
aantonop.com/books
@pierrepiwai1609
@pierrepiwai1609 2 жыл бұрын
And What about, if you never print the paper wallet?
@Whernnon
@Whernnon 2 жыл бұрын
Subtitulos en español por favor.
@rogernevez5187
@rogernevez5187 2 жыл бұрын
5:10 "But what about Tails? But what about usb stick? ..." Yes, but what about dice roll ????
@metasamsara
@metasamsara 2 жыл бұрын
What if I want to give away wallets with crypto on it to people without meeting or knowing them?
@lunarbluesmusic
@lunarbluesmusic 2 жыл бұрын
I can't even install nvidia drivers on Ubuntu.
@raffa6796
@raffa6796 2 жыл бұрын
Why not use Tails?
@andneomatmj23
@andneomatmj23 2 жыл бұрын
Man, what we that are craftmens who are making leather walllet should do now?
@calvin1736
@calvin1736 2 жыл бұрын
No paper hands, no paper wallets! ;)
@tjmooney4181
@tjmooney4181 2 жыл бұрын
Awesome thanks for another video, what do you think about casascius coins?
@Schoolship.
@Schoolship. 2 жыл бұрын
they're a paper wallet.
@tjmooney4181
@tjmooney4181 2 жыл бұрын
@@Schoolship. haha okay what about ballet wallets?
@Schoolship.
@Schoolship. 2 жыл бұрын
@@tjmooney4181 sorry never heard of them :(
@Schoolship.
@Schoolship. 2 жыл бұрын
ok. they seem insane. ballet company is giving you your private key. you aren't generating it yourself. ballet company knows your private key. this is bad.
@tjmooney4181
@tjmooney4181 2 жыл бұрын
@@Schoolship. its kind of a 2 factor authentication since the card is needed to redeem and the passphrase under the scratch off is generated at a different location than the private key under the peel off sticker
@patrickdelgado6475
@patrickdelgado6475 2 жыл бұрын
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
@SimonSozzi7258
@SimonSozzi7258 2 жыл бұрын
Why is your printer working forbthe CIA?
@blackdogproductions2044
@blackdogproductions2044 Ай бұрын
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.
@eyesea123
@eyesea123 2 жыл бұрын
mnemonic phrase
@GarlandKey
@GarlandKey 2 жыл бұрын
What about a metal wallet? It's like a paper wallet but made of metal? Won't the hardness of the metal make my wallet more secure? jaykay.
@bigdaddyof2007
@bigdaddyof2007 2 жыл бұрын
why would one 'sweep' a paper wallet, I see paper wallets use case being like cash or off chain IRL transactions between peers.
@bigdaddyof2007
@bigdaddyof2007 2 жыл бұрын
@@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
@bigdaddyof2007 2 жыл бұрын
@@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
@bigdaddyof2007 2 жыл бұрын
@@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.
@etiennelaliberte8413
@etiennelaliberte8413 2 жыл бұрын
What hardware wallet would you receommend?
@Ryan-mn2dd
@Ryan-mn2dd Жыл бұрын
I'm pretty sure he's blinking his private key...
@strutt01
@strutt01 Жыл бұрын
Just don't drop your cold hardware wallet.
@ikust007
@ikust007 2 жыл бұрын
3:60 ahahahhahaha!
@DJ-Illuminate
@DJ-Illuminate 2 жыл бұрын
Basically you make me want to just keep it in coinbase then.
@jimbob5891
@jimbob5891 2 жыл бұрын
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.
@Javi-Crypto
@Javi-Crypto Жыл бұрын
Pleasee enable subtitles
@heaven-is-real
@heaven-is-real 8 ай бұрын
Nah, look at what happened to ledger with their recovery opt in service. I will take paper wallets over that any day.
@jonlaban4272
@jonlaban4272 2 жыл бұрын
Twelve English Words: I do not use paper wallets because we now have something simple
@JulianaPassos
@JulianaPassos 2 жыл бұрын
long live BIP39
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