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Notes on Bitcoin 38

The document provides instructions for creating a secure paper wallet for Bitcoin storage, emphasizing the importance of using a disconnected device to prevent unauthorized access. It details both unsafe and safer methods for generating a paper wallet, including using a bootable Linux OS and the bitaddress generator. Additionally, it advises on precautions to take when printing and managing private keys to ensure the security of the stored Bitcoin.

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prototype199191
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5 views

Notes on Bitcoin 38

The document provides instructions for creating a secure paper wallet for Bitcoin storage, emphasizing the importance of using a disconnected device to prevent unauthorized access. It details both unsafe and safer methods for generating a paper wallet, including using a bootable Linux OS and the bitaddress generator. Additionally, it advises on precautions to take when printing and managing private keys to ensure the security of the stored Bitcoin.

Uploaded by

prototype199191
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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balance of 3 BTC to a bitcoin or cryptocurrency wallet software and have the 1 BTC sent to your

friend from there for the transferral of the remaining 2 BTC to a change address that belongs to you.

Paper wallets are typically used for the purpose of storage only and this includes larger amounts of
Bitcoin. You will be required to sweep the paper wallet’s private key to a software wallet in order to
gain access to your coins once more unless you plan on sending the entire amount to another person
or another change address.

Ensure your device's wireless and Bluetooth are turned off since those signals can be accessed.
Consider placing your smartphone or tablet on airplane mode to disable all signals temporarily before
creating your paper wallet. Be sure to print from a wired connection, and make sure the printer's
wireless signal or Bluetooth is turned off. Make sure to use a printer that works well, paper that lasts
long, and ink that doesn't fade. Empty the recycle bin, temporary files, cache and digital backups.

Unsafe method(connected to the web): Visit bitaddress.org in your favorite browser. Move the mouse
pointer around and/or enter random text in the text box to increase the randomness of the addresses
and keys. Don’t save the private key and QR codes presented, instead, click on the Paper Wallet tab
and select the number of addresses you want, and generate. Scan the QR code on the left side with
your mobile bitcoin client, or enter the public key address in the bitcoin client on your computer to
transfer bitcoins onto your paper wallet. The private key, used in order to spend the balance, can be
scanned with the QR code on the right side.

Safer method(disconnected from the web): Download a Linux OS that is bootable from a flash drive.
Most Linux OS' like Ubuntu, Fedora or the like is bootable from a flash drive. Use tools like Linux Live
USB Creator, Rufus, Unetbootin or Fedora Media Writer etc. to create the bootable OS from the
downloaded ISO/IMG/ZIP file from their official websites. Download the bitaddress generator from the
github repository and unzip the master file github.com/pointbiz/bitaddress.org. If you're working with
Ubuntu and use tools like Rufus to create persistent storage during the live USB creation process,
you will also have the ability to paste the unzipped folder from the github repository containing the
files needed for generation, into the Live USB. If you don't have persistent storage on your Live
Ubuntu USB or are working with other OS' you could paste the unzipped folder into another USB
drive or external hard drive used for storage purposes only and access the files from a file manager
once you're booted into the OS' Live USB. It is best to disconnect a computer from the Internet
whether it has Wi-Fi or a LAN connection making sure there’s no way remote access can be granted
to the computer. Print a test page to make sure the printer is functional. Restart your computer and
boot into the Live USB containing the OS of choice. Typically you would go into settings and add the
printer of choice under a printer section. Plug in the other USB that contains the files to generate the
paper wallet from the github repository and access it via the file manager or from within the Ubuntu
Live USB if you have persistent storage setup. Within that folder open the bitAddress.org.html in the
browser of choice. Move the mouse pointer around and/or enter random text in the text box to
increase the randomness of the addresses and keys. Don’t save the private key and QR codes
presented, instead, click on the Paper Wallet tab and select the number of addresses you want, and
generate. Optionally you could add a BIP38 encryption to the printable paper wallet.

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