KimchiChic
Mon Jul 08 2024
|
5 answers
1122
What are the pros and cons of a crypto paper wallet?
Could you elaborate on the advantages and disadvantages of a crypto paper wallet? On the positive side, I understand it provides a high level of security as it's completely offline and not vulnerable to hacking or malware. However, what are the potential downsides? Is there a risk of losing the wallet physically, thus losing access to one's funds? Additionally, is it cumbersome to manage multiple paper wallets or conduct transactions compared to digital wallets? Finally, how easy is it for a beginner to create and use a paper wallet securely?
