Your wallet shows your balances, transaction history and gives you a way to send/receive funds. MyEtherWallet is an open-source JavaScript application that is commonly used for physical storage purposes. As such, this website makes it very simple to create a paper wallet. Here are the steps to retrieve your wallet information from the private key alone.
With a paper wallet the speed for transfers and exchanges, as well as the overall speed at which your Ether becomes available, is greatly reduced. This is due to the coins having to be relayed back to an online wallet before they can be utilized. If you don’t want to have paper lying around, then you could just store the password and keystore files somewhere. This file is another way that you can use to get into this paper wallet, so keep it somewhere safe.
Can I use the same Ethereum wallet for different Ethereum-based tokens?
To see the balance of your Ethereum paper wallet, use a site like Etherchain or Etherscan. On both sites, you can enter your public address in the search bar in the upper right-hand corner ether paper wallet to see your balance and transactions. To see your full address and private key, MEW has a function that lets you generate a paper wallet that you may print that contains both keys.
Pop open a web browser and head over to the site, then figure out what kind of a password you would like to use. A combination of at least 15 different characters, including special characters and lower- and upper-case letters, is recommended. You should store your password outside of your computer for safety’s sake, and keep in mind that this password is essential to decrypting your Ether wallet. For those purposes, an online wallet is recommended, at least for the sake of efficiency.
Factors to consider when choosing an Ethereum wallet?
With time, a paper wears and tears, it is therefore important that a high quality piece of paper is used. It might be useful to create newer backups after a certain period of time. Just enter the https://www.tokenexus.com/ private key from your wallet, if you’ve printed the wallet you can scan the QR code to use the private key. It is important to note that when unlocked your private key will reveal your public key.
It is highly recommended to create an Ethereum paper wallet as one of the safest methods of securing your cryptocurrency. Essentially, an Ether paper wallet is a record of your Ethereum Wallet’s Private and Public keys which you need to access your wallet and make transactions. Now you have access to the money in your paper wallet, send it to the desktop, online or mobile wallet of your choice.
Step 6: Check Your Wallet Balance
Like what is featured in Ledger Nano, KeepKey also comes with an OLED display. If you want to proceed with the transaction, you simply click the confirmation button. Also, the HD wallet allows you to set up a PIN code for recovery purposes. Alternatively, you can use a recovery sentence for additional security. Another one of the best Ethereum wallets offering high-end security and privacy is KeepKey.
You are on the right way just continue, after downloading the json file press the button ‘i understand, continue’ then choose print. Yes, this is done online and there is a bit of risk. However, the transaction doesn’t take long, so it is not likely that a lot can happen during that time.