Paper Wallets Are Best for Beginners

Why Newcomers Will Find Them More Friendly

Gerald Nash
Jul 20, 2017 · 4 min read

As you may know, there are plenty of ways to store Bitcoin: hardware wallets, software wallets, and paper wallets. Hardware wallets to choose from include Trezor, Ledger, Digital Bitbox, and more. There’s an inexhaustible list of software wallets ranging from Copay to Jaxx and from Blockchain to Coinbase. Paper wallets are a bit different, because they’re simply pieces of paper, and many look like this.

Source: https://cantonbecker.com/etcetera/2013/bitcoin-paper-wallet-design-video/

The number of Bitcoin wallet options to pick from might be a bit intimidating to newbies. And while mobile and online banking are becoming more popular, fully digital payment solutions like Bitcoin and other cryptocurrencies are rather intimidating to normal people. To lessen the learning curve, beginners should use paper wallets instead of the hardware and software wallets that experienced Bitcoin users frequent.

But why exactly should we recommend paper wallets to beginners?

Comfort of Use

Understanding the Bitcoin Protocol

Security

Although they have security implications closely related to credit cards, paper wallets are the best option because they let the owner take their own measures to secure their private keys. Their wallet information isn’t subject to computer-related mistakes like accidental deletion or hacking. In addition, paper wallets still allow for password-protected private keys, so thieves can’t process transactions without authorization from the owner.

A Grain of Salt

Thank you very much for reading!

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