Paper Wallet

A paper wallet is a method of storing cryptocurrency keys offline by printing them on paper. It includes both the public address for receiving funds and the private key for accessing them. This format provides enhanced security by keeping the keys offline and away from potential digital threats like hacking or malware. However, it requires careful handling to prevent loss, damage, or theft. Users should store paper wallets in secure locations and consider creating backups. While secure, it lacks the convenience of digital wallets for frequent transactions and requires manual updates for balance checks.