How to generate a bitcoin wallet offline
As you can see - the whole thing works even without the internet connection. So now move the cursor around the page to randomly generate your seed. When you are done a page with two QR codes and some options should appear. Choose "Paper Wallet" and select the amount of copies you want to make.
You can also secure your wallet with "BIP38 encryption" by entering a unique passphrase for your wallet this step is not mandatory. After that click on "Print" which in our case is more like "Save" button. After that choose to safe your file onto your USB stick under the name: One issue that I've encountered is that the default size of the wallet in that PDF file is pretty small and thus for some devices it might be problematic to scan the codes on it.
So what I prefer to do is to press PrtSc Print Screen button on my keyboard to make a screenshot of the file, then paste it into Paint program, crop it and save it as a picture again on USB stick - no files shall ever touch the hard drive of your computer! That's how it's done: I do not recommend to use this wallet for payments, daily usage, etc. Also make sure that you have more of these copies as a back up! If you have more paper copies and a digital copy - your founds are safe and secure!
I hope you enjoyed this step-by-step tutorial - if you liked it do not forget to upvote, resteem and follow me for more cool tutorials!
Give me some feedback in the comment section and tell me - what do you do to store your Bitcoins safely? Well hrhabibur , if I find something forth upvoting on your blog page - I will upvote: Paper bitcoin wallets are one of the safest ways to store your Bitcoin cuz you cannot hack the paper, right?
If the wallet is generated offline in the right way. In this tutorial I will show you how to create one in the safest way possible even if your PC is infected with a virus or is monitored by a hacker - nobody will gain access to your paper wallet. So without the further do - let's get started! First of all - here is the list of things that you might want to prepare before moving to step by step tutorial: In order to create a paper wallet you need to generate random mnemonic seed via a web page called: Such a computer does not have any particular resource requirements: Once you have Armory installed on the offline computer, you create a new wallet.
The nature of Armory wallets is that the online computer will always generate the exact same addresses as the offline computer, but the online computer cannot spend any of the funds! Make a paper backup! Connect a printer via USB or copy the paper backup information by hand. Make one or two copies, and store in a secure place. This is a permanent backup of every address your wallet will ever create! Double click on the wallet and click on Create Watching-Only Copy on the right menu.
Load Armory on online computer, and select Import Wallet in the upper-right corner of the main window. Import the wallet file on the USB drive. In the wallet-properties dialog, click on Belongs To , and click the checkbox that says This wallet is mine. This makes sure that any funds in this wallet are part of your global balance.
Now that the wallets are setup, you can use the watching-only wallet exactly the same way as a regular wallet, except Bitcoins cannot be sent from it. Use the Receive Bitcoins button to generate addresses for receiving payments, and incoming transactions will show up in the ledger with a slightly different color than your other wallets.
On the online computer, click the Offline Transactions button on the right, below the logo. Select Create New Offline Transaction.
A window will open with the unsigned version of the transaction. Load the file from the USB key, then press the Sign button. A confirmation window will appear. Verify the confirmation details before you sign it!
Click Save to file…. Eject the USB key and plug it into the online computer. If the original window is still open, you can click on Next Step to get to the broadcast window. If you closed Armory since then, you can use the same Offline Transactions button on the main window, and select Sign or Broadcast Transaction.
Once the file is loaded, some green text should appear telling you that the signature is valid and the Ready to Broadcast! Guidance is given at each step within the Armory software, so you may be fine without referring back to this page. And once you do this a few times, it will become a breeze! At no point in this process is any private data exposed through the transaction data.
It is perfectly safe to transfer the signed or unsigned transaction via email. The biggest threat to an offline wallet is a USB-key virus that executes when plugged in. However, such viruses would have to be highly targeted, and can be mostly mitigated by disabling USB-auto-run on the offline computer.