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What is a Bitcoin paper wallet ? Some people would prefer keeping their private key offline in what is known as Cold Storage. How do I create a non secure paper wallet Creating a paper wallet is pretty easy, the trick is to secure it correctly. Your Bitcoins can then be stored through the public address on the left. Why is this considered non secure ? First of all you’re connected to the web while doing this, this means that someone may have the ability to see what’s going on on your screen.
Last but not least, if you’re using Windows you may have been subjected to Malware which you are unaware of. This may put your private key at risk as people may be monitoring your actions. How to create a SECURE paper wallet If you’re really serious about safeguarding your Bitcoins you have to make sure you create a secure paper wallet. This process is a bit tedious but is worth the effort.