Bitcoin paper wallet is a cold storage option for storing Bitcoin offline. It is a way more secure mechanism to hold Bitcoin for a long time. The main idea is to key the private key away from hackers. Because the most important part of a bitcoin wallet is the private key and without it, you can't access your bitcoins. Generally, there are two keys to a cryptocurrency wallet. The public key is used to receive Bitcoins while the private key is like your debit card’s PIN card for accessing your funds. If you lose the private key, you'll lose your bitcoins. Therefore cold storage Bitcoin paper wallet is thought to be a less expensive and safer option to store a large amount of Bitcoin away from the internet and theft.
How to store Bitcoin with Paper Wallet
As you've read above, Bitcoin paper is a good option to secure your cryptocurrencies. The process of storing Bitcoin in a paper wallet is easy. Since we know that Bitcoin doesn't have a physical existence. It is stored against your private key on the Blockchain network and securing the private key is the most important feature of crypto cold storage. For instance, you have created an online wallet and have bitcoins in it. Now you want to send your coins to a paper wallet. To do that, you'll need to generate the random keys along with the QR codes using an online wallet generator. Once you have the printout of your wallet, simply sign in to your hot wallet, access the account, and transfer Bitcoin to the paper wallet. But the choice of a reliable Bitcoin wallet generator to store bitcoins is also a challenge.
Best Paper wallet generator to store Bitcoin
Several open-source tools are available to download a paper wallet. The best thing is that you can generate a free Bitcoin wallet from some places. A generator is software used to create random keys and QR codes. It also allows you to take the printout of your keys and the QR code. All you need to do is to visit the paper wallet generator and download a free-of-cost wallet. Make sure that you're offline while generating the print of your wallet. The best paper wallet generator to store bitcoins is btc-paper-wallet.com. It is free and a leading name in the world of storing Bitcoin offline.
How to create a Bitcoin wallet for free
Though the use of a paper wallet is rather a less expensive way to secure Bitcoin offline. However, not all generators allow you to set up a Bitcoin paper wallet for free. However, there are very few platforms where you can download a free Bitcoin paper wallet without any inconvenience. One such platform is btc-paper-wallet.com. Simply visit the website and head over to the create wallet now section. Once the wallet’s private and public keys appear on the screen you will see their print option too. Finally, take a print of keys and QR codes. When you write with paper and pen, you miss the QR code. Therefore printing your paper wallet is the best option.
Generate random Bitcoin paper wallet keys and QR codes
When creating a Bitcoin wallet using a bitcoin paper wallet generator, you need to create random keys and QR codes. The QR code is basically the representation of your key. You can scan it and transfer funds to and from your bitcoin wallet. You can generate the private and the public key along with QR codes through online generators. However, there are some security guidelines you must follow while setting up a paper wallet. Firstly remove malware from your system. It is also recommended that you need to install a fresh version of the OS. Plus, make sure that you've disconnected the internet from your printer and device when printing your wallet.

Hardware wallet vs Bitcoin paper wallet
A hardware wallet is a USB device that is used to store the private key of a Bitcoin wallet. It comes with in-built software to manage cryptocurrencies. Ledge and Nano are two popular hardware wallets in the market. You can purchase any hardware wallet. The main downside is that it is highly expensive. On the other hand, Bitcoin paper wallet is less expensive for storing bitcoin in cold storage. If you want to save your money then go for a paper wallet and generate a free one.