idscapt:How to set up a Bitcoin cold storage wallet

 In this guide we will walk you through setting up your very own cold storage wallet for Bitcoin. We'll be discussing the completely free and highly secure 'paper wallet' method.

Getting started

Before diving into the process, you may be wondering, "What is cold storage?" In simple terms, cold storage refers to keeping your bitcoin completely offline. Although 'hot' (online) wallets like the Bitcoin.com Wallet are perfectly safe - in addition to being highly convenient for everyday usage, including for trading - cold storage wallets, because they never touch the Internet, provide an even safer method for simple, long-term storage. They also make a unique way to give bitcoin as a gift.

Read more: Get an overview of the different Bitcoin wallet types, how to create them, and their respective pros & cons.

Generating a private/public keypair

The first step to getting your bitcoin into cold storage is creating an offline Bitcoin address. This address will have a “public/private key pair” that is created without ever touching the Internet. A public/private key pair can be thought of as an email address and its corresponding password. To ensure the maximum level of security, it’s important that this key pair never be exposed to the Internet.

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