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Best Bitcoin Wallet for Long Term Saving & Storage

Author: Daniel Anthony
by Daniel Anthony
Posted: Apr 27, 2021

Bitcoin wallet is a place where public and private keys are stored and allows users to send and receive crypto coins. Everyone needs a wallet in order to get involved in the world of cryptocurrency. There is a wide range of different types of crypto wallet services available in the market these days. The Bitcoin wallet comes in many forms. They are mainly web-based wallets, offline wallet services, and app-based wallets. The interface, security features, composition, and other features help you to pick up the best Bitcoin wallet for long-term saving and storage. The wallet you select depends on your requirements, type of cryptocurrency, the nature of the transaction, and different other things. Having a really secure and safe crypto wallet to hold your bitcoins is imperative. Web-based wallets are online exchanges that render services to hold Bitcoin along with trading. App-based wallets are stored on your laptop or smartphone. Both these services are known as hot wallets because they're always connected to the internet. These Bitcoin wallets are convenient to use but not considered very much safe for storing large amounts of cryptocurrencies for a long time. Cold storage is one of the safest ways to secure bitcoins. It may be a paper wallet or a hardware wallet. The hardware wallet is just like a physical electronic drive that can be connected to any device. It is safe but very expensive. Paper wallet is a piece of paper containing your cryptocurrency address, private keys and a QR code. They are cold storage wallets and are not connected to the internet and are extremely safe. A paper wallet is simpler to use than hardware wallets. You can generate a free Bitcoin paper wallet with random keys. It only requires a computer and a printer in order to set up and store Bitcoin offline far away from hackers. It is one of the best Bitcoin wallets for long-term saving and storage.You can generate free of cost Bitcoin wallet with random keys and QR codes from websites like btcwalletaddress.net. You need to click on the generate wallet button and save the file on your computer. Then disconnect your computer from the internet. Open the file and create a random BTC address. Now print the page in order to make an offline copy of your address. Now you can use it as a complete cold storage solution. But before printing the page, make sure your printer is also offline and the computer is free from malwares. Now you have a paper cold storage with keys and corresponding QR codes printed on it. Don't forget to store the paper wallet in a secure place.. Creating a bitcoin address can be done without an Internet connection. Therefore, thousands of addresses and keys can be generated within a minute. You can create the best universal standard BTC wallet address for cold storage at no cost. When you download a paper wallet, you get simple and validated public and private key pairs with QR codes.

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Author: Daniel Anthony

Daniel Anthony

Member since: Jan 06, 2021
Published articles: 4

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