This week we are reviewing the LynxArtCollection Paper Wallet. For those interested in getting one you can do so here: LynxArtCollection
They offer Paper Wallets for various different Cryptocurrencies, all priced at $20 each. This is the point where we usually say we will keep this article short and sweet, but never do…BUT this week we have!
If you don’t know about the various ways of storing your Cryptocurrencies and the differences between Cold Storage and Hot Storage then you can read an article about them here: The case for Hardware Wallets
In simple terms though a Paper Wallet, is basically a piece of paper containing your Private Key. This must not be shared with anyone as it is what gives one access to your Cryptocurrencies. If you would like to create a Paper Wallet, you can do so via www.Bitaddress.org(Bitcoin) or MyEtherWallet (Ethereum) for free, however, this is not considered fully secure as: a) you are connected to the internet while doing so and b) your laptop may also have malware. Both of these are security risks that may lead to you having your Cryptocurrencies stolen. There is a technically complex way of doing so offline, eliminating this risk, which can be found here: 99Bitcoin(But we have not tested this ourselves)
But enough about what Paper Wallets are, lets get back to this week’s review, the LynxArtCollection Paper Wallet!
So if a Paper Wallet is just that, a piece of paper, then what is so special about the LynxArt Collection Paper Wallet? Firstly it isn’t made of paper! Haha, it is actually made of high quality plastic and it looks like paper notes with Cryptocurrency Twist to them. The designs of the Paper Wallets are exquisite, the attention to detail is impressive, the quality of the printing is immaculate and most importantly each design is limited to 150 copies. They really are a piece of Art, but after all they are made by an art Company.
But even if the art is not to your liking or you like it but think it is nothing special, why should I pay $20 for it?
Because it offers a security feature that most paper wallets don’t! Each Paper Wallet comes with a Holographic sticker strip that goes over your Private key, which ones peeled leaves a residue on the Paper Wallet. The Private key will also remain attached to the holographic strip once removed. So you will know immediately if someone has accessed your Private key, unfortunately this makes each Paper Wallet for one-time use. You can always deposit Crypto in the Paper Wallet but when you want to withdraw your Cryptocurrencies then you have to reveal your Private Key (thus stripping the hologram away and leaving the residue behind, see video below).
This is not an issue though as you will use your private key for long term Cold Storage Hodling and not for your Hot storage everyday trading Cryptocurrencies. Which makes the LynxArtCollection Paper Wallet pretty cheap for the High level of Security it offers.
Overall Rating: 9/10- Only God is perfect
An awesome paper wallet for someone looking for a Paper Wallet which also combines a unique piece of Art! There is nothing more you could ask for, from a Paper Wallet.
CryptoAuthorityLad over and out!
DISCLAIMER: THIS ARTICLE EXPRESSES OUR PERSONAL OPINIONS, PREDICTIONS, AND MARKET SPECULATIONS BASED ON THE WAY WE INTERPRET THE INFORMATION WE HAVE AVAILABLE TO US. IT IS BY NO MEANS TO BE CONSIDERED EXPERT ADVICE. WE TAKE NO RESPONSIBILITY/ LIABILITY FOR ANY ACTIONS TAKEN BY YOU BASED ON ANYTHING WE HAVE MENTIONED.
WE ARE IN NO WAY AFFILIATED WITH ANY COMPANIES, SITES, CRYPTOCURRENCY EXCHANGES AND CRYPTOCURRENCIES THAT WE MENTION IN THESE ARTICLES, THESE ARE SIMPLY THE ONES WE CHOOSE TO USE DUE TO OUR PERSONAL PREFERENCE.