How to Create a Secure Ethereum Paper Wallet

Digital currency transactions have taken the business world by storm. Most businesses are either already using one digital asset or making plans to incorporate others into their transactions. With a market capitalization of $82.9b and value which exceeds $900 per unit, Ether is the second most valuable cryptocurrency in the world after Bitcoin. Many new cryptocurrency smart contracts are based on the ERC20 tokens (i.e. created using the Ethereum network). The tokens generated in this manner are all compatible with Ethereum wallets and can be stored in these wallets. So, it is desirable to protect your holdings by creating a secure Ethereum wallet.

One of the safest ways to secure your Ethereum is to create an Ethereum paper wallet. An Ethereum paper wallet holds your Ether, the internal network currency for Ethereum (call it the Ethereum token if you like) and other Ethereum-based (ERC20) tokens. Keeping your funds in a paper wallet helps to keep it out of the reach of hackers. Think of a paper wallet as the traditional wallet you carry in your pocket. Typically, a paper wallet is recommended for users who wish to store in “cold-storage” long-term. Since a paper wallet is not connected to the internet, you won’t have to worry about hackers who prey online cracking your safe, at least not too much.

This piece of writing will help walk you through the steps necessary to make a paper wallet.

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