Cryptocurrency Q&A
How was Bitcoin stored before wallets?
How was Bitcoin stored before wallets?
emma_grayson_journalist
Sat Dec 21 2024
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5 answers
1029
I'm curious about the early days of Bitcoin. Before wallets became commonplace, how did people keep their Bitcoins safe? What methods or systems were used to store Bitcoin in those early years?
5 answers
Raffaele
Mon Dec 23 2024
One popular method was to write or type the keys on paper, which was then referred to as a paper wallet.
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CryptoTamer
Mon Dec 23 2024
As technology advanced, paper wallets evolved to include not only the keys but also QR codes.
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Lorenzo
Mon Dec 23 2024
This allowed wallets on mobile devices to easily scan and access the funds associated with the keys.
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BonsaiStrength
Mon Dec 23 2024
In the early days of cryptocurrency, users had to rely on manual methods to keep their keys safe.
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CryptoAlchemist
Mon Dec 23 2024
Despite their convenience, paper wallets had a major drawback. They were easily damaged or lost, making them unreliable for long-term storage.
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