The HD tech is beyond me. And frankly, as i understand it, there is no reason to load seeds or anything else when the humble paper wallet simply works with zero permission required or any other kind of “security” restraints. But hey, if it works for ya, then great! Thx for clarification.
😎👍
You are viewing a single comment's thread from:
Well, the thing about paper wallets is they aren't really wallets. They are backups of a single address and private key. So you have to very careful with them. For instance, you should not try to spend a partial balance stored on your paper "wallet" as there are no change addresses made automatically. These printed wallets are also more susceptible to damage and harder to recover. I speak from experience, unfortunately, having lost several Litecoin via these type of wallets.
The Bitcoin wiki has a good discussion of the downsides. I'm pretty sure that Dash paper wallets are based on Bitcoin paper wallets.
A paper wallet is the name given to an obsolete and unsafe method of storing bitcoin which was popular between 2011 and 2016.... This method has a large number of downsides and should not be used.