Monday, January 7, 2013

How to create a bitcoin paper wallet

One of the most secure methods to store your bitcoins is through a paper wallet. If you follow the following tutorial correctly, you only have to trust two things:

(1) You have to trust that it works correctly. There have been past issues with bitaddress.org.

(2) You have to trust that the addresses generated are not generated in a predetermined way. Some users have verified some updates of the code.

1. VISIT bitaddress.org
2. RIGHT-CLICK
3. SAVE AS...
4. DISCONNECT internet
5. OPEN saved file
6. MOVE mouse to generate address.
7. WRITE address on paper
8. WRITE private key on paper
9. STORE paper with address and private key in safe place
10. DONATE to 1EddhCRG1hqwjhVeLeVqtKGiTmX9AA5iwL if you appreciate the advice.

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