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What is paper wallet?
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[QUOTE="Yugocean, post: 284279, member: 25081"] In the cryptoworld, a "paper wallet" is literally the wallet's vital information printed on a piece of paper, either directly or in the form of a QR code. [TABLE] [TR] [TD][CENTER][B]Pros [/B][/CENTER][/TD] [TD][CENTER][B]Limitations[/B][/CENTER][/TD] [TD][CENTER][B]Cons[/B][/CENTER][/TD] [/TR] [TR] [TD][JUSTIFY] It is a cold wallet that works without the internet. This leaves no way for hackers to access your cryptocurrency.[/JUSTIFY][/TD] [TD][JUSTIFY] Only one currency can be stored in a paper wallet. Storing more than one cryptocurrency would require multiple wallets.[/JUSTIFY][/TD] [TD][JUSTIFY] Printing Ink on paper doesn't last forever, so if even a part of it gets erased, you'll lose all access.[/JUSTIFY][/TD] [/TR] [TR] [TD][JUSTIFY] This is the cheapest hardware wallet. You only have to bear the one-time paper and printing cost. Nobody will care if you have some paper with you[/JUSTIFY][/TD] [TD][JUSTIFY] The wallet has to be swiped every time you want to complete transaction, this can be problematic.[/JUSTIFY][/TD] [TD][JUSTIFY] Paper is fragile, so if you lose it or it tears, your access to your stored crypto is lost forever.[/JUSTIFY][/TD] [/TR] [/TABLE] [/QUOTE]
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What is paper wallet?
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