Brian shows how to import a paper wallet he got from and explains why private keys matter and why you should think twice about holding all your money in exchanges.Some corrections:The unit of currency for the PIVX cryptocurrency is PIV. Brian keeps saying there's '1 PIVX' when he should have said '1 PIV'.He correct terms for keys and addresses is that you have a public ADDRESS and a private KEY. In the video, Brian used the terms address and key a little too liberally.Links:Cryptocurrency themed subscription box:Other cryptocurrency apparel.
Just like a bank account, the security of your Bitcoin wallet is essential. Paper wallets are an easy way to store your funds offline securely. Bitcoin is a technology-powered currency, so of course, it is natural to use an online wallet (whether browser-based or on a client program on your device. A paper wallet is a general term given to a piece of paper with a private key (or seed phrase) written on it. It’s considered to be one of the best practices for keeping your private key safe. In this post I’ll explain how to create a paper wallet from scratch. Paper Wallet Guide Summary. Here’s the short way for creating a paper wallet.
If you want to buy bitcoin or any other digital currency, you must choose a wallet where you can securely store your coins or tokens. But if you’re just starting out, choosing a wallet and learning how to use it can feel complicated and overwhelming.Find out how coins are stored on the blockchain and how to store, buy or sell coins in your wallet. We’ll also cover common aspects of cryptocurrencies and altcoins to help you understand this important and often overlooked aspect of the technology that’s taking the world by storm.