What are Cold Storage Wallets and paper wallets?

foster
Posts: 4
Joined: Fri Apr 07, 2017 7:54 am

What are Cold Storage Wallets and paper wallets?

Thu Apr 20, 2017 10:48 am

What are cold wallets and paper wallets?
joe
Posts: 106
Joined: Thu Apr 06, 2017 10:33 am

Re: What are Cold Storage Wallets and paper wallets?

Thu Apr 20, 2017 11:50 am

A cold wallet is an offline wallet which is not connected to the internet by any means. These wallets are stored on a USB device, hard disk or any offline storage device. Meanwhile, the paper wallet is another form of cold wallets. These paper can be in form of QR code, a handwritten note, etc.
robert
Posts: 95
Joined: Thu Apr 06, 2017 7:56 am

Re: What are Cold Storage Wallets and paper wallets?

Tue Sep 05, 2017 7:42 am

aren't paper wallets cold storage too?
roger
Posts: 94
Joined: Thu Apr 06, 2017 12:48 pm

Re: What are Cold Storage Wallets and paper wallets?

Tue Sep 05, 2017 7:43 am

Paper wallets are considered as cold storage. The dif of paper wallets from other cold storage devices is that it is used for storing purposes only.
rooney
Posts: 118
Joined: Thu Apr 06, 2017 8:49 am

Re: What are Cold Storage Wallets and paper wallets?

Tue Sep 05, 2017 7:43 am

cold storage wallets are also known as hardware wallets, they are easy to use and safer thn software wallets as they don't require any internet connection.
sanedelight
Posts: 192
Joined: Wed Apr 26, 2017 8:54 am

Re: What are Cold Storage Wallets and paper wallets?

Tue Sep 05, 2017 7:44 am

cold storage wallets are offline wallets and paper wallet is one of it.
truelegend
Posts: 134
Joined: Tue Sep 05, 2017 7:48 am

Re: What are Cold Storage Wallets and paper wallets?

Tue Sep 05, 2017 7:49 am

well cold storage wallets provides maximum security as it keeps are bitcoins offline While paper wallets are cold storage too. It is based on QR code.
vik
Posts: 263
Joined: Wed Apr 19, 2017 7:20 am

Re: What are Cold Storage Wallets and paper wallets?

Tue Sep 05, 2017 7:49 am

People prefer cold storage wallets because they find their bitcoins safer in it, paper wallets are difficult to be understood but is one of the cold storage means.
zach
Posts: 253
Joined: Wed Apr 19, 2017 7:18 am

Re: What are Cold Storage Wallets and paper wallets?

Tue Sep 05, 2017 7:50 am

one is the super set while other is the subset, here super set is cold storage.
wesly
Posts: 92
Joined: Wed Aug 23, 2017 4:37 am

Re: What are Cold Storage Wallets and paper wallets?

Tue Sep 05, 2017 7:50 am

cold storage wallets are attached to PC and can be used while paper wallets consist of QR codes and is only used to store bitcoins. You have to make a new one after u sweep it.
rumio
Posts: 101
Joined: Wed Aug 23, 2017 4:38 am

Re: What are Cold Storage Wallets and paper wallets?

Tue Sep 05, 2017 7:51 am

Thanks everyone I had confusion regarding them and is much clear now.
aliena
Posts: 97
Joined: Wed Aug 23, 2017 4:39 am

Re: What are Cold Storage Wallets and paper wallets?

Tue Sep 05, 2017 7:51 am

cold storage wallets are mostly considered as physical devices like USB etc. while paper wallets are a document containing necessary info.

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