Why should you use Btcofficialwallet.org as a paper wallet generator?
Though there are several paper wallet makers but Btcofficialwallet.org is way user friendly to use without any hassle, here are some key features of Btcofficialwallet.org which distinguishes it from other sites.
⇒ They are not vulnerable to viruses and keyloggers;
⇒ you are not reliant on the sincerity or capability of a third party to secure your coins;
⇒ you will not lose your coins if your device breaks.
The process of making a paper wallet is rather simple. By following the instructions below, you may rapidly create one.
Go to “get cold wallet now” then copy either private key or public key which ever suits you or you can also scan the bar codes of both public and private key respectively.
What is public key and private key?
To facilitate transactions, a crypto wallet pair comprises of a public and private key. Consider a typical vending machine to better comprehend this. Anyone can put money into the machine, but only a selective few may withdraw it. With a customized key, only the owner has access to the money.
Private key: The same key (secret key) and algorithm can be used to encrypt and decode the message with the private key. The key is kept secret in private key cryptography.
Public key: Two keys are utilized in public key cryptography: one is used for encryption and the other is used for decryption. One of the two keys in public key cryptography is kept secret.