Bitcoins have turned into a ludicrous business venture for a lot of people, and if you are looking to jump the bandwagon, it is important that you understand how you can store and take care of your bitcoins as well because bitcoins do not work the same way as normal physical currency. You can choose to stay digital with your bitcoins, or you can go to the paper route and opt for a bitcoin paper wallet.

Now, a bitcoin paper wallet can be described as a document which contains both your public address and your private key.  The public address allows you to receive bitcoins, and your private key helps to transfer and spend your bitcoins. A paper wallet is presented in the form of a QR code that you have to scan, and then add your private key in order to make any sort of transaction.

You can easily create your own wallet by making use of a bitcoin paper wallet generator. The websites or applications will then create a random public address and private key for you. You can then get your document printed and then use it.

The reason why bitcoin paper wallets happen to be popular is that your private key is not online anymore, so you do not have to worry about hackers, malware or any sort of digital theft in regards to your private key. However, at the same time, when you are generating your paper wallet, you want to make sure that you are using a reliable software/application, and your printer should not be connected to any other online networks or other computers as well. This is an added precautionary measure that you should take very seriously. This is really valuable information, so you need to make sure that you are taking all the necessary measures to protect it. Getting it laminated and stored somewhere safe is the next step.

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