Thursday, April 12, 2018

How To Secure Bitcoin After Bitcoin Ban India | Most Secure Way to Store BTC | Bitcoin Safe Wallet

3:56 PM Posted by Magneto Mohit No comments

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How To Secure Bitcoin After Bitcoin Ban India | Most Secure Way to Store Bitcoin | Bitcoin Safe Wallet | Bitcoin Basics Club

This video contains the measures to safeguard and secure your BITCOIN by storing it in a PAPER WALLET.

The PAPER WALLET contains set of your ::
1: Wallet address
2: Private key

The wallet address can be used to receive BITCOINs in your paper wallet from bitcoin exchange or any other bitcoin wallet. The private key is used when you wish to withdraw or transfer your BITCOINs from your paper wallet. It acts as your digital signature to authenticate the transaction.

Kindly note DO NOT SHARE YOUR PRIVATE KEY. In order to receive BITCOINs ,all you need to share is your wallet address.

TO CREATE PAPER WALLET::
How To Create Paper Wallet In Hindi | Bitcoin And Cryptocurrency | Bitcoin Basics Club

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This is an amazing and most important video with regards to secure your Bitcoin.
This tutorial teaches you how to secure your Bitcoins using Paper wallet. It tells you how to create a paper wallet.
Kindly note paper wallet contains two strings of characters ::
1: Wallet Address
2: Private key
In order to create the paper wallet following is the process
1: Go to www.Bitaddress.org
2: turn off the wi-fi / internet connection
3: randomly move the cursor on the screen
4: by dafault 1 paper wallet is created. it contains set of Bitcoin Wallet Address and Private Key
5: In order to create more such wallets choose the option
6: print this wallet or note down the wallet address and private key
7: To increase the security of the wallet address, private key can be further locked with a passphrase or a password
--- tick BIP38 -- fill a passphrase of your choice --- click "generate" -- the wallet generated has private keys secured with the passphrase chosen

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