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noun
A paper wallet is a physical printout or handwritten record that contains a cryptocurrency wallet’s public and private keys. It allows for completely offline storage, making it a form of cold wallet. While paper wallets are immune to online hacking, they must be stored securely to avoid physical damage or loss. Improper handling can lead to permanent loss of funds, so they are best used for long-term storage by experienced users.
Cold Wallet Comparison
| Wallet Type | Internet Access | Security Level | Ease of Use | Best For |
|---|---|---|---|---|
| Hardware Wallet | Offline (connects only when needed) | Very High | Moderate | Long-term storage with frequent access |
| Air-Gapped Wallet | Completely Offline | Maximum | Low | Ultra-secure, high-value asset storage |
| Paper Wallet | Completely Offline | High (if stored properly) | Low | Low-tech, long-term storage |
| Watch-Only Wallet | Online (view-only) | Depends (no private key access) | High | Monitoring cold wallets or portfolios |