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It is important to note that when unlocked your private key will reveal your public key. Your public address is safe to share with anyone.

A paper wallet will save you the stress of cyber security, hackers and malwares accessing your private keys. You are solely responsible for making sure that your wallet is safe.

If you make multiple secure storages for your papers and keep the information confidential then you are sure your keys are safe.

With a paper wallet you can opt to store the information in a safe box with your other valuables and lock them and you are assured of their safety.

As much as many would turn to paper wallets as a form of cold storage, it has its own set of disadvantages main concern being paper wallet security.

Since paper wallets have the private and public keys on a piece of paper, if anything happens to the paper it means one stands at a risk of losing their keys and hence losing their money.

Security is important in the crypto world because we are dealing with value. In the physical world, we are careful about how we treat our highest valued items.

This is the same in the digital world, too. Online, we must be just as careful to protect the things we value.

When you leave your bicycle in a busy street, you lock it up. When we leave our cryptocurrency somewhere, we must also make sure that it is properly secured.

Security in cryptocurrency your responsibility - this is very important! There is no bank to contact if you get hacked, or your security fails.

Bitcoins or Ether cannot be returned to the sender by pressing a button like they can with a normal bank transfer. In cryptocurrency, once the coins leave your wallet, they are gone forever.

That's why the best Ethereum wallet must be very secure. Cryptocurrency is special because it is decentralized.

By that, we mean there isn't a single point of failure. There also isn't a single point of attack for those wishing to harm the network or its users.

This makes the security of the system itself very strong. This is the case for users, too, if they store their coins correctly.

It takes a long time for a hacker to get into such a strong security system. This means cybercriminals are better off trying to break into large stores of cryptocurrency such as exchanges than individual wallets.

Exchanges like Binance , Coinbase , and Kraken are great targets for hackers though they all have amazing security systems in place, so there isn't much need to worry.

Once hackers have broken into an exchange, they can steal massive amounts of money. In the past, large exchanges have been hacked and users have lost money.

In the future, it might happen again. It is important to remember that hacking doesn't just happen against exchanges.

Users like yourself can have their security compromised, too. For this reason, some private wallets offer better security than others, and thus, they might be the best Ethereum wallets.

Hopefully, you now understand the importance of security when it comes to choosing the best cryptocurrency wallet. With that out of the way, let us look at some types of Ether wallets.

All the wallet types we will mention support both Ether tokens and ERC tokens. Cool, huh? For now, paper wallets are one of the best Ethereum wallets for long-term storage.

When properly created, they are totally offline and impossible for hackers to access. The high level of security Ethereum offline wallets offers to make them great for storing large amounts of cryptocurrency for a long time.

Well, first, you need a clean computer. When it is totally clean, do not connect the computer to the internet until after you have finished making your paper wallet.

Light mode. Search No results for "". Search away! Ethereum wallets The key to your digital future Wallets give access to your funds and Ethereum applications.

What's an Ethereum wallet? Your Ethereum account Your wallet is your window into your Ethereum account — your balance, transaction history and more.

Your login for Ethereum applications Your wallet lets you connect to any decentralized application using your Ethereum account.

Wallets, accounts, and addresses It's worth understanding the differences between some key terms.

An Ethereum account is an entity that can send transactions and has a balance. Types of wallet Physical hardware wallets that let you keep your crypto offline — very secure.

Once again, store this in multiple, secure places and do not share it with anyone. Finally, you can print your paper wallet. This wallet has every important piece of information you need:.

As with any other wallet, you can send Ethereum to your paper wallet by using the public address. When prompted, either copy and paste your public address string or scan the address QR code.

To send Ethereum from your wallet , you need to visit myetherwallet. You can send Ethereum by either entering your private key or by uploading your Keystore File.

No hacker can gain access to your precious Ether. Unless, he would find your cookie box behind your house.

A disadvantage of the Paper Wallet is the fact that, the availability of the Ether is belayed as the Ether has to be transferred back to the Online Wallet before it can be used.

The use of the Ether Wallets always depends on what you want to use them for. If you want to trade your Ether at the stock market and benefit from price fluctuation, the Ether has to be ready to use in your Online Wallet in order to act quickly.

If you want to go with a long-term rise in the market instead, you can keep your Ether safely in your Paper Wallet until you need them and then transfer them online.

By the way, Paper Wallets are an excellent extraordinary present. Just put enought Ether in them. This is a web page where you can check the way this service works and therefore increase the safety.

However, it is the safest method you can employ to store your precious Ether coins. Paper wallets provide an extraordinary advantage over other conventional cryptocurrency storage techniques.

Imagine the comfort you will feel knowing that your Ether can be stored safely in your house, deposit box, or safe or even buried in your backyard.

Therefore, no hacker can ever gain access to your precious cryptocurrencies. A potential thief would have to crack your safe or dig through your whole backyard to find your wallet and cryptocurrency information.

With a paper wallet the speed for transfers and exchanges, as well as the overall speed at which your Ether becomes available, is greatly reduced.

This is due to the coins having to be relayed back to an online wallet before they can be utilized.

If you wish to use your Ether at am exchange or for speculation purposes to make some money and benefit from market price fluctuations, then your Ether always has to be readily available.