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Step by Step Guide on How to Create a 100% Secure Paper Wallet

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Required Material:
● Offline download of bitaddress – http://bit.ly/offlinebitaddress
● Lili Live USB – http://www.linuxliveusb.com/en/download
● Ubuntu Operating System –
http://www.ubuntu.com/download/desktop
● USB Flash Drive – either a brand new or one you are willing to format
the existing data from
● A printer
Installing Ubuntu on your flash drive
1. Download the above programs
2. Open LiLi and insert your USB flash drive into your computer
3. In Lili choose a source – select “ISO/IMG/Zip” option
4. In Lili Options – select “Format the key in FAT32”
5. Unzip the offline bitaddress file and copy it into your flash drive
Then disconnect your computer from the internet – this is so there is no way
anyone can access your computer while you are creating a private key.

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Booting Ubuntu from your flash drive
Reboot your computer, and press F12 before windows or OSX loads. Select
USB HDD from the boot menu. Then run the Ubuntu operating system from
your flash drive. After it has loaded, click on “Try Ubuntu”
Once Ubuntu has loaded, click on system settings then printers and add your
printer. Print out 1 page to test it has connected.
Creating your wallet
6. Click on the Firefox icon on Ubuntu and open the private browsing window
7. Type in the following in the address bar: file:///cdrom/bitaddress.org-master/
8. Click on “BitAddress.org.html”
9. Move your cursor around until the timer reaches 0 (this is to ensure that you
are a real person)
10. Choose Paper Wallet
11. Follow the steps to print out your paper wallet
12. Deposit BTC using the public address on the left hand side of the wallet
(represented by a QR code)
Additional Recommendations
It is recommended you store your paper wallet in a sealed plastic bag to protect
against water or damp conditions. Make multiple copies for extra security and if
you are holding cryptocurrency for the long-term, store the paper inside a safe.

Hardware Wallets
Hardware wallets refer to physical storage items that contain your private key.
The most common form of these are encrypted USB sticks. These are similar to
ones you can make yourself, except someone else has already set up the security
protocols for you. This is ideal for those who are non-tech savvy. Many of them
also have built-in backup software in case you lose your keys.
These wallets use two factor authentication or 2FA to ensure that only the wallet
owner can access the data. For example, one factor is the physical USB stick
plugged into your computer, and the other would be a 4 digit pin code – much
like how you use a debit card to withdraw money from an ATM.
Pros:
● Near impossible to hack – as of the time of writing, there have been
ZERO instances of hacked hardware wallets
● Even if your computer is infected with a virus or malware, the wallet
cannot be accessed due to 2FA
● The private key never leaves your device or transfers to a computer, so
once again, malware or infected computers are not an issue
● Can be carried with you easily if you need to spend your
cryptocurrency
● Transactions are easier than with paper wallets
● Can store multiple addresses on one device – good if you plan on
having multiple Bitcoin accounts
● For the gadget lovers among you – they look a lot cooler than a folded
piece of paper
Cons:
● More expensive than paper wallets – starting at around $60
● Susceptible to hardware damage, degradation and changes in
technology
● Different wallets support different cryptocurrencies
● Trusting the provider to deliver an unused wallet. Using a second hand
wallet is a big security breach. Only purchase hardware wallets from official
sources.
The most popular of these are the Trezor and Ledger wallets. Both of these
provide an easy to use experience in addition to being a portable and secure way
to store your Bitcoin.

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