paper wallet generator ethereum

Ethereum Paper Wallet Generator

Paperwalleth is open-source, client-side and fast Ethereum paper wallet generator site. Let's generate Ethereum wallet and All ERC-20 coins paper wallet.. This completely safe!

Security As explained above, everything is computed only in your browser. Nothing ever leaves your machine, or even your browser tab. There is no database, no server-side code. Everything vanishes when you close your tab.

Paperwalleth cannot and will never store your private key, and if you don't trust it, you have 2 ways to ensure your key remains private: - Once the web page is loaded, you can turn off the internet and continue playing, it will work seamlessly - You can also download the latest build of paperwalleth and use it on a completely offline computer

Compatibility

Any address generated with this site is %100 compatible, which means you can use it for an ICO, an airdrop, or just to withdraw your funds from an exchange. Generated Address is 100% compatible with MyEtherWallet, MetaMask, Mist, and geth.

Why Are Ethereum Paper Wallets The Best Option?

Ethereum paper wallets are undoubtedly the most secure method to store your Ethereum and other cryptocurrencies. Being offline, they provide 100% protection against hacking or fraud risks. When you print your private key on physical paper, you leave no digital traces whatsoever.

Paperwalleth.com offers an excellent solution for easily creating and managing Ethereum paper wallets. By following the instructions on the site, you can generate secure, random keys and addresses within seconds. Print on high quality paper and keep in safe locations.

Paperwalleth.com also provides practical tools for integrating your paper wallet with digital wallets, managing your balance, transferring Ethereum and more. It has a professional and user-friendly interface.

Paper wallets eliminate many risks like hardware failures, forgotten passwords, hacking that come with other storage methods. It is the cheapest and simplest way to store crypto. With Paperwalleth.com, you can now keep your Ethereum completely safe.

All responsibility belongs to the creater of the paper wallet.

Ethereum Paper Wallet

Paperwalleth is an open source tool using your web browser to generate Ethereum paper wallet.

Paper Wallet

Paper Wallet is a piece of paper with your crypto's private and public keys printed out. Some paper wallets might also have a scannable barcode created by an app. It is a way to store and take access to your cryptocurrency offline.

You may skip this step if you do not plan to use the random key generator.

Step 1. Generate new address

Choose your currency and click on the "Generate new address" button.

Step 2. Print the Paper Wallet

Click the Paper Wallet tab and print the page on high quality setting. Never save the page as a PDF file to print it later since a file is more likely to be hacked than a piece of paper.

Step 3. Fold the Paper Wallet

Step 4. Share your public address

Use your public address to receive money from other crypto-currency users. You can share your public address as much as you want.

Step 5. Keep your private key secret

The private key is literally the keys to your coins, if someone was to obtain it, they could withdraw the funds currently in the wallet, and any funds that might be deposited in that wallet.

Please test spending a small amount before receiving any large payments.

Consider supporting us

This service is free and will stay free, without advertising or tracking of any sort. Please consider making a donation to support us and the people that add support for new currencies.

• Are you using a secure operating system guaranteed to be free of spyware and viruses, for example, an Ubuntu LiveCD?

Frequently asked questions :

• is it safe .

We try to make it that way ! The core of the tool, that generate the keys is 99% the same as the well reviewed bitaddress.org. We only changed it to be able to generate addresses for different crypto-currencies.

We think that having a unique generator for multiple currencies lead to a much better reviewed tool for all than having a myriad of half-backed generators. Changes made to this generator are available on Github in small and divided commits and those are easy to review and reuse. Walletgenerator.net use the same security measures as the original project. All-in-one html document, no ajax, no analytics, no external calls, no CDN that can inject anything they want. And trust us, we have seen some nasty things when reviewing some wallet generator.

• Why should I use a paper wallet ?

Advantages of a paper wallet are multiple: ⇒ They are not subject to malwares and keyloggers ⇒ You don’t rely on a third party’s honesty or capacity to protect your coins ⇒ You won't lose your coins when your device break

• How to use a paper wallet ?

Once you have generated and printed a wallet, you can send coins to the public address, like for any wallet. Store your paper wallet securely. It contains everything that is needed to spend your funds. Consider using BIP38 to secure your paper wallet with a password.

• How to spend the coins stored in a paper wallet ?

You will need to import your private key in a real client, that you can download from the currency website. The exact method to do that will depend on the client. If there is no integrated method, you can usually fall back to the debug console and use the command “importprivkey [yourprivatekey]“.

• How walletgenerator.net is different than another wallet generator ?

It’s not that different. You will find another design for the paper wallet and some improvements here and there. The big difference is that this is a unique project for a lot of currencies, so more people can review it and check its safety.

• Why should I make a donation ?

Donations money are used to pay our hosting service provider, but it’ll also be used to make walletgenerator.net more secure as we plan to organize a CrowdCurity campain as soon as we get enough money to pay for it.

• I found a bug, what shall I do ?

You can report bugs using GitHub. You can also contact us using our Twitter account ( @WalletGenerator ). Just try to explain clearly what is wrong and we will try to fix the bug as soon as possible.

• Who are you ?

We are just two random guy having fun with a side project.

• How can I help ?

Donation are always welcome, but you can also help us translate the website. It's really easy. Just add "?i18nextract=LANGUAGECODE" in the end of the url (for instance http://walletgenerator.net/?i18nextract=es for Spanish). You will see at the end of the page a pre-filled javascript array ready to be translated. Translate or correct it, and send it to us the way you prefer. Even partial translation are helpful !

Scan QR code using your camera

Permission denied. Your browser should display a message requesting access to your camera. Please click the "Allow" button to enable the camera.

The safest way to store cryptocurrency

What's cool about crypto paper wallet, why should i use cropty wallet, how is cropty wallet better than other wallets, which networks does cropty wallet support, do i need a browser to use cropty wallet, does cropty wallet automatically sync between devices, can i earn money with cropty wallet, is cropty wallet safe and secure, can i track my crypto transactions in cropty wallet, how do i get started with cropty wallet.

• Bitcoin (BTC)
• Ethereum (ETH)
• Ripple (XRP)
• Stellar (XLM)
• Bitcoin Cash (BCH)
• Litecoin (LTC)
• Dash (DASH)
• Zcash (ZEC)
• Monacoin (MONA)
• DigiByte (DGB)
• Bitcoin Gold (BTG)
• Qtum (QTUM)
• Dogecoin (DOGE)
• ReddCoin (RDD)
• 300Token(300)
• adbank(ADB)
• AdShares(ADST)
• adToken(ADT)
• Aeternity(AE)
• Agrello(DLT)
• AIDoctor(AIDOC)
• AICHAIN(AIT)
• AidCoin(AID)
• Aigang(AIX)
• AirSwap(AST)
• AirToken(AIR)
• AllSports(SOC)
• Alphabit(ABC)
• AppCoins(APPC)
• Aragon(ANT)
• ArbitrageCT(ARCT)
• ArcadeToken(ARC)
• Arcblock(ABT)
• Astro(ASTRO)
• ATLANT(ATL)
• ATMChain(ATM)
• AuroraDAO(AURA)
• Authorship(ATS)
• Autonio(NIO)
• Aventus(AVT)
• aXpire(AXP)
• Bancor(BNT)
• Bankex(BKX)
• BiboxToken(BIX)
• BigONEToken(BIG)
• BinanceCoin(BNB)
• Bitair(BTCA)
• BitAsean(BAS)
• BitBoost(BBT)
• BitClave(CAT)
• BitcoinSilver(BTCS)
• Bitcoin2x(BTC2X)
• BitDegree(BDG)
• BitDice(CSNO)
• bitJob(STU)
• BitparkCoin(BPC)
• BitSerial(BTE)
• Blackmoon(BMC)
• BlackmoonCrypto(BMC)
• BlockArray(ARY)
• BlockCAT(CAT)
• BlockCDN(BCDN)
• BlockchainIndex(BLX)
• Blockport(BPT)
• Blocktix(TIX)
• BLOCKv(VEE)
• Bluzelle(BLZ)
• Bolenum(BLN)
• Bonpay(BON)
• Bottos(BTO)
• Bounty0x(BNTY)
• BTCMoon(BTCM)
• Candy(CANDY)
• CanYaCoin(CAN)
• Cappasity(CAPP)
• CargoX(CXO)
• CarTaxiToken(CTX)
• carVertical(CV)
• CashPokerPro(CASH)
• Cashaa(CAS)
• Centra(CTR)
• ChainLink(LINK)
• Change(CAG)
• Chronobank(TIME)
• Chronologic(DAY)
• Cindicator(CND)
• ClearPoll(POLL)
• Cobinhood(COB)
• Cofound.it(CFI)
• Coimatic3.0(CTIC3)
• CoinDash(CDT)
• CoinFi(COFI)
• Coinlancer(CL)
• CoinMeet(MEE)
• COMSA[ETH](CMS)
• Copytrack(CPY)
• Corethum(CRTM)
• Covesting(COV)
• CPChain(CPC)
• Creditbit(CRB)
• Credo(CREDO)
• Crypterium(CRPT)
• CryptoInsight(TKR)
• Cryptopay(CPAY)
• CrystalClear(CCT)
• CyberMiles(CMT)
• Dalecoin(DALC)
• DAO.Casino(BET)
• Datawallet(DXT)
• DecentBet(DBET)
• Decentraland(MANA)
• DecisionToken(HST)
• Delphy(DPY)
• Dentacoin(DCN)
• Dether(DTH)
• Devery(EVE)
• DigiPulse(DGPT)
• DigixDAO(DGD)
• DimonCoin(FUDD)
• district0x(DNT)
• DMarket(DMT)
• DomRaider(DRT)
• Dragonchain(DRGN)
• DRPUtility(DRPU)
• E4ROW(E4ROW)
• EagleCoin(EAGLE)
• eBitcoinCash(EBCH)
• EchoLink(EKO)
• Edgeless(EDG)
• EDUCare(EKT)
• eGold(EGOLD)
• Elixir(ELIX)
• Embers(MBRS)
• EncrypGen(DNA)
• Energo(TSL)
• Enigma(ENG)
• Enigma(XNG)
• EnjinCoin(ENJ)
• Envion(EVN)
• ERC20(ERC20)
• eREAL(EREAL)
• Eroscoin(ERO)
• EthBet(EBET)
• Ethbits(ETBS)
• EtherDeltaToken(EDT)
• Etherecash(ECH)
• EthereumCash(ECASH)
• EthereumGold(ETG)
• EthereumLite(ELITE)
• Etheriya(RIYA)
• Etheroll(DICE)
• Etherparty(FUEL)
• EtherSportz(ESZ)
• ETHGAS(EGAS)
• EthLend(LEND)
• Ethorse(HORSE)
• Ethos(ETHOS)
• EventChain(EVC)
• Everex(EVX)
• Everus(EVR)
• ExchangeUnion(XUC)
• ExchangeN(EXN)
• Experty(EXY)
• EXRNchain(EXRN)
• Facecoin(FC)
• FairGame(FAIR)
• FAPcoin(FAP)
• FidentiaX(FDX)
• FirstBlood(1ST)
• Flixxo(FLIXX)
• FlypMe(FYP)
• Fortuna(FOTA)
• FuckToken(FUCK)
• Fujinto(NTO)
• FundYourselfNow(FYN)
• FunFair(FUN)
• Fusion(FSN)
• FuturXe(FXE)
• GameChainSystem(GCS)
• Gatcoin(GAT)
• GenaroNetwork(GNX)
• GenesisVision(GVT)
• GETProtocol(GET)
• GigaWattToken(WTT)
• GladiusToken(GLA)
• GlobalJobcoin(GJC)
• Gnosis(GNO)
• GoldUnionCoin(GUC)
• Goodomy(GOOD)
• Grid+(GRID)
• GUESS(GUESS)
• GUTSTickets(GET)
• Hacken(HKN)
• Hawala.Today(HAT)
• HelloGold(HGT)
• HEROcoin(PLAY)
• HiveProject(HVN)
• HODLBucks(HDLB)
• HubiiNetwork(HBT)
• Humaniq(HMQ)
• HydroProtocol(HOT)
• HyperTV(HYTV)
• Iconomi(ICN)
• IDEXMembership(IDXM)
• iEthereum(IETH)
• iExecRLC(RLC)
• indaHash(IDH)
• Indicoin(INDI)
• IndorseToken(IND)
• InkProtocol(XNK)
• INSEcosystem(INS)
• InsurePal(IPL)
• Internxt(INXT)
• InvestDigital(IDT)
• InvestFeed(IFT)
• IOStoken(IOST)
• IoTChain(ITC)
• IPChain(IPC)
• iQuant(IQT)
• iXledger(IXT)
• JesusCoin(JC)
• Jetcoin(JET)
• JibrelNetwork(JNT)
• KickCoin(KICK)
• KuberaCoin(KBR)
• KuCoinShares(KCS)
• KyberNetwork(KNC)
• Lamden(TAU)
• Lampix(PIX)
• LAToken(LA)
• LegendsRoom(LGD)
• LendConnect(LCT)
• Leverj(LEV)
• LightChain(LIGHT)
• LinkPlatform(LNK)
• LiteCoinGold(LTG)
• LLToken(LLT)
• LOCIcoin(LOCI)
• LockChain(LOC)
• Loopring(LRC)
• Maecenas(ART)
• Maggie(MAG)
• Matchpool(GUP)
• Matryx(MTX)
• MaverickChain(MVC)
• Medicalchain(MTN)
• MediShares(MDS)
• MercuryProtocol(GMT)
• MicroMoney(AMM)
• Minereum(MNE)
• MobileGo(MGO)
• MolecularFuture(MOF)
• Monaco(MCO)
• MoneroGold(XMRG)
• Monetha(MTH)
• Mothership(MSP)
• Musiconomi(MCI)
• MyBitToken(MYB)
• Mysterium(MYST)
• MyWish(WISH)
• Natcoin(NTC)
• Nebulas(NAS)
• NetworkToken(NTWK)
• Neumark(NEU)
• NeuroDAO(NDAO)
• Neurotoken(NTK)
• NEVERDIE(NDC)
• Newbium(NEWB)
• Nework(NKC)
• Nexium(NXC)
• Nimfamoney(NIMFA)
• NucleusVision(NCASH)
• Numeraire(NMR)
• Odyssey(OCN)
• OlympusLabs(MOT)
• OmiseGO(OMG)
• OneRootNetwork(RNT)
• onG.social(ONG)
• OriginTrail(TRAC)
• OrmeusCoin(ORME)
• Oyster(PRL)
• OysterPearl(PRL)
• Paragon(PRG)
• Patientory(PTOY)
• Payfair(PFR)
• Paypex(PAYX)
• PayPie(PPP)
• Pillar(PLR)
• PiplCoin(PIPL)
• Playkey(PKT)
• PlexCoin(PLX)
• PlusCoin(PLC)
• Pluton(PLU)
• Polybius(PLBT)
• PolymathNetwork(POLY)
• Populous(PPT)
• PoSToken(POS)
• PowerLedger(POWR)
• Presearch(PRE)
• PressOne(PRS)
• Primas(PST)
• Privatix(PRIX)
• ProChain(PRO)
• ProspectorsGold(PGL)
• Publica(PBL)
• PundiX(PXS)
• Purpose(PRPS)
• PylonNetwork(PYLNT)
• Quantstamp(QSP)
• Quantum(QAU)
• QunQun(QUN)
• Qvolta(QVT)
• RChain(RHOC)
• RealChain(RCT)
• Rebellious(REBL)
• REDMWAT(MWAT)
• Refereum(RFR)
• RefToken(REF)
• Remicoin(RMC)
• RequestNetwork(REQ)
• Rialto(XRL)
• Rivetz(RVT)
• RouletteToken(RLT)
• SandCoin(SND)
• Scry.info(DDD)
• Selfkey(KEY)
• SelfSell(SSC)
• Senderon(SDRN)
• Sense(SENSE)
• Sether(SETH)
• Sharechain(SSS)
• ShareX(SEXC)
• SimpleToken(OST)
• SingularDTV(SNGLS)
• SingularityNET(AGI)
• SIRINLABSToken(SRN)
• SkinCoin(SKIN)
• SmartBillions(SMART)
• SmartMesh(SMT)
• Snovio(SNOV)
• Soarcoin(SOAR)
• Social(SCL)
• Sociall(SCL)
• SophiaTX(SPHTX)
• SpankChain(SPANK)
• SphreAIR(XID)
• SportyCo(SPF)
• SportyFi(SPF)
• Starbase(STAR)
• StarChain(STC)
• StarCredits(STRC)
• Status(SNT)
• Storj(STORJ)
• Storm(STORM)
• StreamrDATAcoin(DATA)
• Substratum(SUB)
• SugarExchange(SGR)
• SunContract(SNC)
• Suretly(SUR)
• Swapcoin(SWP)
• SwarmCity(SWT)
• SwftCoin(SWFTC)
• SwissBorg(CHSB)
• TargetCoin(TGT)
• Telcoin(TEL)
• ThetaToken(THETA)
• Tierion(TNT)
• TIESNetwork(TIE)
• Ties.DB(TIE)
• Tigereum(TIG)
• TimeNewBank(TNB)
• Tokenbox(TBX)
• TokenCard(TKN)
• TokenClub(TCT)
• TopChain(TOPC)
• Tracto(TRCT)
• TradeToken(TIO)
• Triaconta(TRIA)
• TridentGroup(TRDT)
• TrueChain(TRUE)
• TrueFlip(TFL)
• U.CASH(UCASH)
• UGToken(UGT)
• ugChain(UGC)
• UnikoinGold(UKG)
• Universa(UTNP)
• UnlimitedIP(UIP)
• Upfiring(UFR)
• UquidCoin(UQC)
• UTRUST(UTK)
• ValueChain(VLC)
• VeChain(VEN)
• Verify(CRED)
• Veritaseum(VERI)
• Viberate(VIB)
• Voise(VOISE)
• vSlice(VSL)
• Walton(WTC)
• Waltonchain(WTC)
• WandX(WAND)
• WePower(WPR)
• WeTrust(TRST)
• WiCoin(WIC)
• WildCrypto(WILD)
• Wings(WINGS)
• Worldcore(WRC)
• Xaurum(XAUR)
• ZCashGold(ZCG)
• Zeusshield(ZSC)
• Zilliqa(ZIL)

New: Wallet recovery made easy with Ledger Recover, provided by Coincover

Up your Web3 game

Ledger Academy Quests

• Test your knowledge
• Earn POK NFTs

How To Create an Ethereum Wallet

In this comprehensive guide, we’ll explore the ins and outs of creating Ethereum wallets. Now, you probably already know what an Ethereum wallet is, but do you know how to create one? If you want to know how to set one up, we’ve got you covered.  

How To Create an Ethereum Wallet?

Creating an Ethereum wallet is a straightforward yet crucial step for anyone engaging with the Ethereum blockchain. The process begins with selecting a wallet type that aligns with your needs.

Whichever wallet you choose will, generally, be able to generate a key pair. The private key allows you to control the account and the public key acts as the account’s unique identifier.

Most wallets also provide you with a secret recovery phrase, a vital backup for accessing your funds in case of device loss. With these types of Ethereum wallets, you can create multiple accounts and restore them all with the secret recovery phrase. 

But before we dive into the details let’s get you up to speed on what an Ethereum wallet is, and which one would suit you the best.

What Is an Ethereum Wallet?

An Ethereum wallet allows you to send, receive, and manage  Ethereum assets. Of course, most Ethereum wallets can secure Ether itself, but some wallets also allow you to manage fungible tokens (ERC-20 tokens), semi-fungible tokens ERC-1155 tokens) and non-fungible tokens (ERC-721 tokens) too.  However, it’s important to note an Ethereum wallet doesn’t store your Ethereum assets, it stores your private keys, the linchpin for executing Ethereum transactions.

The Ethereum ecosystem offers a variety of wallets, each tailored to different needs and preferences. Understanding the types is crucial in choosing the one that fits your lifestyle and security needs. 

Software Ethereum Wallets

Software wallets, commonly known as ‘hot wallets,’ are digital applications that can be installed on either a computer or a smartphone. These wallets are designed for ease of access to your Ethereum assets, making them ideal for frequent and fast transactions. However, their constant connection to the internet makes them vulnerable to cyber threats like hacking and phishing attacks. Regular updates and strong security practices are essential to protect your assets in a software wallet. Popular options include MetaMask (for both mobile and as a browser extension), MyEtherWallet, and Exodus.

Mobile Ethereum Wallets

Mobile wallets are a subset of software wallets specifically designed for smartphones. These wallets offer unparalleled convenience for managing Ethereum on the go. Features often include the ability to scan QR codes for quick address sharing, streamlined interfaces for easy transaction monitoring, and sometimes integration with mobile payment systems. 

Desktop Ethereum Wallets

Desktop wallets are software applications that you download and install on your personal computer. Desktop wallets offer enhanced features owing to PCs’ higher processing power, such as advanced portfolio management tools. They are also marginally more secure than mobile wallets, as they are less likely to be lost or stolen. However, they are just as vulnerable to malware and spyware as other types of software wallets, so you should always exercise caution when using them. 

Ethereum Wallet Extensions

Wallet extensions are plugins for web browsers that allow users to interact with Ethereum’s blockchain directly through their browser. This type of wallet is particularly user-friendly for interacting with dApps, DeFi platforms, and other blockchain services directly from the web. However, since they operate on web browsers, they are exposed to similar risks as other software wallets, such as vulnerability to browser-based attacks and phishing scams.

Ethereum Paper Wallets

A paper wallet is one of the simplest forms of cold storage. It involves printing out your Ethereum public and private keys (often in the form of QR codes) on a piece of paper. Since it is completely offline, a paper wallet is immune to online hacking threats. It is one of the most secure methods of storing Ether. However, paper wallets are not very user-friendly, as you’ll need a separate paper wallet for each Ethereum account you have. Plus, sending ETH with a paper wallet can be tricky for beginners: there’s no handy interface included as you might get with a software or hardware wallet. Instead, it involves setting up a change address which is easy to do incorrectly. One reliable generator includes MyEtherWallet.

Ethereum Hardware Wallets

Hardware wallets are considered the most secure type of Ethereum wallet. They are physical devices that store your private keys offline. First and foremost, these wallets are non-custodial, meaning you have true ownership over your funds. Unlike exchange wallets, only you have access to your funds; and unlike software wallets, your private keys are never exposed to the internet and the threats that come with it, such as hacking.   

Hardware wallets take a proactive approach to signing transactions. Firstly, they store your private keys offline in a computer chip. This keeps your private keys, the keys to your account, isolated from the dangers of the internet. Next, they allow you to sign transactions offline. The hardware wallet then sends that signed transaction to your web2 device to transmit it to the blockchain via its internet connection. Since the transaction is already signed once it reaches your laptop or smartphone, it’s immune to malware on the latter. Plus, since hardware wallets sign transactions offline, they don’t risk exposing your private keys over the internet while signing.

If, by some unfortunate turn of events, your hardware wallet ends up in the wrong hands, Hardware wallets are engineered to withstand physical hacking attempts too. For example, Ledger devices have a PIN code, which guarantees that only the true owner of the wallet can initiate transactions. Each Ledger device also benefits from a Secure Element chip: an industry-leading secure chip used in bank cards and passports. This chip is designed specifically to resist common physical attacks such as glitching and side-channel attacks.

How To Make an Ethereum Wallet

Creating an Ethereum wallet is an essential step for anyone looking to engage in activities like buying, securing, or transferring Ether (ETH). Setting up an Ethereum wallet varies depending on the type of wallet you choose. Here are the steps for different wallet types:

Steps To Set Up a Software Ethereum Wallet

1. Select a Mobile/Desktop Wallet App : Research and choose a wallet app that suits your needs.

2. Download the Wallet App: Make sure you download it from the official website or app store and avoid third-party sources to reduce the risk of downloading malicious software.

3. Create an Ethereum Account: Follow the setup process, which typically involves generating a new key pair. The private key is what allows you to access and control your ETH and the public key allows your wallet to derive a unique blockchain address for the account. 

4. Transfer Your Ethereum (ETH) Assets: Move your ETH assets into your new wallet.

Steps To Make Ethereum Wallet Extension

Setting up an Ethereum wallet extension is a straightforward process that integrates the Ethereum ecosystem directly into your browser. Here’s a concise guide to establishing a secure Ethereum wallet extension:

1. Choose a Wallet Extension : Start by selecting a reputable Ethereum wallet extension like MetaMask, MyEtherWallet (MEW) extension, or Coinbase Wallet extension, focusing on those with positive user feedback and a strong security record.

2. Install the Extension : Download the extension from its official website or a trusted web store like Chrome Web Store or Mozilla’s Add-ons for Firefox. This precaution is vital to avoid fake, harmful versions.

3. Set Up Your Account : Open the extension to create your wallet, securing it with a strong password. You’ll receive a secret recovery phrase during this step; keep it in a safe place as it’s crucial for account recovery. Consider enabling additional security features such as two-factor authentication (2FA) for extra protection.

4. Transfer Ether (ETH) : Fund your wallet by transferring Ether from another wallet or buying ETH directly.

5. Explore the Ethereum Ecosystem : Your wallet now lets you interact with decentralized applications (DApps) from your browser. Connect your wallet to DApps to engage with decentralized finance (DeFi), collect NFTs, and more.

By following these streamlined steps, you’ll quickly have a secure Ethereum wallet extension ready, opening up access to Ethereum’s DApps and services directly from your browser.

Steps To Set Up an Ethereum Hardware Wallet

1. Select an Ethereum Hardware Wallet:  Select a hardware wallet and purchase the device from an official retailer or directly from the manufacturer.

2. Purchase and Install Required Software: Once you have the device, you must download and install its companion software. If you’re using a Ledger device, you must download and install Ledger Live. Make sure you’re downloading the official app, as attackers often create fake apps designed to trick you. Initializing the wallet will typically present you with a secret recovery phrase, which acts like the master key to all of your accounts. Write down this phrase and store it in a safe, secure place. Do not store it digitally or share it with anyone. 

3. Create an Ethereum (ETH) Account: Use your hardware wallet to create a new Ethereum account. Your Ethereum wallet will generate a new key pair for the account. This will give you a unique blockchain address you can share with anyone trying to send you Ethereum assets.

Steps To Create an Ethereum Paper Wallet

1. Go to an Ethereum Wallet Generator:  Find a reliable and secure paper wallet generator.

2. Go Offline:  Make sure your computer is virus-free and disconnected from the internet while generating your wallet for maximum security. If you generate your keys while connected to the internet, you risk exposing them via malware or spyware on your internet-connected device. This would directly contradict a paper wallet’s purpose!

3. Print Key: Follow the generator’s instructions to create and print your keys.

As we navigate the diverse landscape of Ethereum wallets, it’s evident that there’s an option for every need, each offering distinct features. For those prioritizing the safety of their ETH, the key lies in safeguarding private keys. The best way to achieve this is through offline storage solutions, with hardware wallets emerging as the superior choice. They strike a balance between security and usability, overshadowing paper wallets in terms of ease of management. 

Among hardware wallets, Ledger devices stand out as the optimum choice for storing Ethereum. Ledger’s security model is unrivaled, combining offline key storage with cutting-edge features such as a custom operating system and a Secure Element chip. Additionally, Ledger Live enhances the user experience by enabling seamless interaction with Ethereum apps and services, providing a comprehensive ecosystem for managing your ETH. 

So, why wait? Embrace the security and versatility of a Ledger device and start exploring the Ethereum ecosystem today.

Frequently Asked Questions About Ethereum Wallet

Are crypto wallets free.

While many software and mobile wallets for cryptocurrencies are available free of charge, offering ease of access and user-friendly interfaces, they often come with inherent online security risks. On the other hand, hardware wallets, known for providing enhanced security, do require an initial investment. 

These devices store your private keys offline, significantly reducing the risk of online theft and hacking. When it comes to hardware wallets, Ledger’s line stands out for its robust security features. Ledger devices use a Secure Element chip similar to those in credit cards and passports. This ensures the highest level of security for your digital assets. 

While there is an upfront cost, the peace of mind and security Ledger provides can be a wise investment, particularly for those holding substantial amounts of cryptocurrency or planning long-term investments. Ultimately, the choice between free software wallets and paid hardware options like Ledger should be guided by your specific needs and the value of the assets you’re looking to protect.

How To Use an Ethereum Wallet?

Using an Ethereum wallet involves setting it up, and then using it to manage, receive and send ETH to another Ethereum wallet . Ethereum wallets also allow you to access, interact with, and explore the web3 ecosystem including blockchain games, DeFi, and more.

How To Get an Ethereum Blockchain Address?

Your Ethereum address is automatically generated when you set up a new Ethereum account within your crypto wallet. It’s a unique identifier for receiving and sending Ethereum that comes in a hexadecimal format. It always begins with 0x…

How Do I Find My Wallet Address?

In most wallets, you can find your address in the ‘Receive’ section. It’s crucial for receiving ETH and interacting with the Ethereum blockchain.

Related Resources How to Track Ethereum Wallets and Crypto Addresses Read 8 min Beginner What Is A Crypto Wallet Address? Read Beginner How Ledger Hardware Wallets Work Read 8 min Beginner The Best Ethereum Wallets in 2024 Read Beginner The Best Bitcoin Wallets in 2024 Read Beginner ERC-404 Tokens: What Are They, and How Do They Work Read Beginner What Is Ethereum Restaking? Read Beginner Leather (Hiro) Wallet: What It Is and How To Use It Read Beginner Who Owns the Most Bitcoin: The Largest Bitcoin Wallet Addresses Read Beginner

Stay in touch

Announcements can be found in our blog. Press contact: [email protected]

Subscribe to our newsletter

New coins supported, blog updates and exclusive offers directly in your inbox

Your email address will only be used to send you our newsletter, as well as updates and offers. You can unsubscribe at any time using the link included in the newsletter.

Your trusted source for all things crypto.

How To Make a Paper Wallet

Paper wallet creation risks and best practices, paper wallet usage, beyond paper wallets: other analog cold storage, paper wallets are not recommended but still have some use cases.

Any public and private key pair can function as a crypto wallet — even when written on a piece of paper from your notebook. While it is no longer suggested to use paper wallets as a secure crypto storage method for significant holdings, you may want to make one for fun, out of curiosity, or as a gift.

By Cryptopedia Staff

Updated May 20, 2021 • 3 min read

Any public and private key pair can function as a crypto wallet — even when written on a piece of paper from your notebook. But be aware that it is no longer suggested to use paper wallets as a secure crypto storage method, particularly for financially significant holdings. That being said, you may want to make one for fun, out of curiosity, or as a gift. Many recommend putting only a small amount on a paper wallet, $1 or less. You could even create a wallet and put nothing on it — and still benefit.   

Although there are ways to manually generate a private key, the vast majority of paper wallet creators use a private key generator. Once a private and public key have been created, you are able to print a paper wallet, which because it’s not online doubles as a cold storage wallet. This will include the public and private key you’ve generated, usually as both a string of characters and QR codes. 

Anyone with a paper wallet’s public key can send crypto to it as often as they like. Using the corresponding private key, you can move the crypto balance of the paper wallet into a software wallet . This transfers the funds to a new private key on your software wallet. 

Besides the risk of loss, theft, fire, and water damage, there are other reasons paper wallets have gone out of style. For one thing, you must use a trusted wallet generator, but because many are open-source software, malicious hackers have created modified versions available online that can steal your keys. Make sure to carefully research wallet generators before using one. For best practices, you’d want to take the following steps:

Go to the wallet generator website and save the wallet generators as a web archive

Go offline and click on the web archive file to generate the key offline

Using a printer that isn’t on a public network, print the key

You can now be somewhat confident your key is confidential. However, some go further to ensure privacy by:

Running the generator file and OS (operating system) on a USB drive or another offline computer

Destroying the printer after wallet creation

Adding a BIP 38 password , which provides an extra level of protection by encrypting your private key with a password

If you just want to load the paper wallet with a small amount of crypto, most would find the first three steps more than sufficient. Others just print them right off a web generator online, but that comes with malware risks. 

Here are some reasons you may receive or make a paper wallet:

To give as a present in a card

Use as a giveaway or promo scratch-off card

As a way to learn and have fun

Use as a way to make an offline transaction

If you make a paper wallet, try to load it and then move the funds to your main crypto wallet. If you gave a paper wallet to someone, you actually just made an offline crypto transaction. Since the recipient has the keys, they now have the associated crypto. Adding a BIP 38 password would protect against physical theft since you’d also need the password to move funds from the paper wallet. If you send these gifts through the mail, the password could be delivered to the recipient independently.

Analog cold storage wallets besides paper wallets have been created, including “ physical bitcoins ” such as Casascius Coins . These come pre-loaded with fixed amounts of cryptocurrency. The private key is etched in metal beneath a tamper-proof holographic sticker. A benefit of this coin and similar versions is that they are waterproof and fire resistant. However, you can’t print back-up copies. You need to safely store these coins — the same way you would store cash or jewelry.

Other companies still offer loadable metal coins for some of the most popular cryptocurrencies. Of course, you have to trust that the visible public key matches the private key underneath and that the company didn’t store any copies of your private key. You can load them up with more crypto over time, and destroy them once you move the coin’s entire balance to another wallet. Like paper wallets, however, cold storage wallets like these have waned in popularity compared to software and hardware wallets. 

While most don’t use or make paper wallets anymore, it’s valuable to know why. They’re simply not secure and safe enough — or as convenient — compared to other crypto storage options. Don’t put all your crypto on a paper wallet you made — but you could load a little bit. Print out a couple private keys and put $1 worth of crypto on them and put them in some birthday or holiday cards; you may just convince the recipient of your gift to join the crypto revolution. 

Cryptopedia does not guarantee the reliability of the Site content and shall not be held liable for any errors, omissions, or inaccuracies. The opinions and views expressed in any Cryptopedia article are solely those of the author(s) and do not reflect the opinions of Gemini or its management. The information provided on the Site is for informational purposes only, and it does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. A qualified professional should be consulted prior to making financial decisions. Please visit our Cryptopedia Site Policy to learn more.

Cryptopedia Staff

Is this article helpful?

Topics in article

Cryptocurrency Wallets

How to Back up Your Hardware Wallet: Best Practices

A hardware wallet is a secure way to personally store your crypto. Just be sure to follow best practices so that you are able to recover it should you lose it.

Mobile and Desktop Wallets: What You Need to Know

Deciding what kind of crypto wallet works for you can be confusing, especially if you’re new to the world of crypto. Here’s a closer look at two common crypto w...

Table of Contents

Blog › Academy › How to choose a wallet › How to Make Cryptocurrency Paper Wallet?

How to Make Cryptocurrency Paper Wallet?

With the growing popularity of cryptocurrencies, there are more and more cases of fraud and hacking. Now you can easily face fraudulent ICO, side exchanges, fake wallets, Twitter scammers, etc. The risk of losing crypto coins is greater than ever, and it is almost impossible to track scammers.

It is very important to keep your cryptocurrency in a safe place. Although there are plentiful options for storing coins, many experts claim that none of them is as secure as a paper wallet.

How to Keep Your Crypto Safe

Crypto wallet is a digital wallet that you can use to store, receive and send cryptocurrencies by saving your private and public keys. There are many types of wallets like hot and cold wallets, hardware, software (web, desktop, and mobile), and paper wallets. 

Let’s go through them: 

Hot Storage vs Cold Storage

Hot storage refers to wallets designed for easy access and preferred by users who regularly spend and transfer crypto funds. A hot wallet is any wallet that uses the Internet. These wallets are pretty simple to set up, and your digital money is more accessible, which makes them more attractive to users. 

Cold storage consists of wallets designed for long-term storage, usually a large amount of crypto that will not be regularly accessed. Cold wallets are not connected to the Internet, as they use an offline physical media or device for storing funds. This for sure prevents hacking attempts. To sum up, this storing method is considered to be more secure than the hot one, and more convenient for long-term investors and HODLers. 

Hardware vs Paper Wallets

Hardware wallets are electronic devices where you can store your cryptocurrency. There are several forms of hardware wallets, but the most popular is the form of a USB stick. 

Click here and read about hardware wallets on Changelly.

Examine some well-known hardware wallets: 

It is not a secret that being cold storage, a hardware wallet is considered to be one of the most protected ways to store funds. At the moment, most hardware wallets allow you to set a PIN code to protect your device and a recovery phrase that can be used if your wallet is lost. 

Despite the high level of protection against network attacks, such wallets still have risks if the implementation of internal software is not performed properly. Furthermore, the interface of a hardware wallet might seem less convenient to use, and funds are harder to access.

Paper wallet is an offline cold storage method in the form of a printed QR code of both private and public keys on a piece of paper. These codes you can scan for all transactions. Without a doubt, you can already conclude that this is the safest way to store digital funds and you are definitely right. You might worry about neither hacking attempts nor internal software.  

So, let’s speak about how to make Bitcoin and Ethereum paper wallets step-by-step. 

How to Set Up a Paper Wallet for Bitcoin (BTC)

Step 1. Choose a paper wallet generator. There is a wide array of different services, take a look at the most famous ones: Bitaddress , Walletgenerator , and Bitcoinpaperwallet . 

In the next steps we are going to explain how to make a paper wallet on the example of Bitaddress. 

Step 2. Prepare your computer.

Since paper wallets are created on a PC, there is always a risk that a hacker or malware will try to steal your keys. Therefore, we recommend you to create a wallet on a computer that you trust, and it should not be a public or someone else’s machine. Even with a trusted computer, you need to make sure that there are no viruses or malware. You need to update the antivirus program in time and check your computer for security problems. It is very important to remind not to use public WI-FI because it is a piece of cake for hackers to get information from networks.

For additional security, you can make sure that your operating system is updated. 

Step 3. Download an offline generator. 

To provide higher security, paper wallet generators offer you to download a .zip file with a website copy. Thereby, you can do further steps offline.

Step 4. Once downloaded, check a .zip file and then extract it. Make sure you have disconnected your PC and printer from the Internet, this must provide a secure offline environment for generating keys. 

Step 5 . After you have extracted a .zip, open a Bitaddress.org file

Then click bitaddress.org.html

Move your mouse around to add some randomness for generating bitcoin address or simply type some random characters into the textbox.

You see two QR codes. One with a green Share label and an address below with a public key, so you can contribute funds to this address. The second QR code with the red Secret label is your private key.

Bitaddress.org also suggests creating a paper wallet, a bulk wallet, a brain wallet, a vanity wallet, or a split wallet.

You can make as many wallets as you prefer. 

Step 6. After you have received a page for printing with basic instructions, print and save it. 

Step 7. After the wallet is generated and saved, it is desirable to delete the files of the wallet creation program and the Internet search history, clear your cache, erase the items in the trash, and restart your computer before connecting to the Internet. 

Step 8 . Send cryptocurrency to each wallet. You can send any amount you want, it depends on your purpose. If you are going to send a big amount, try to do it with a few satoshis before, to check and make sure everything works fine. 

Step 9. Think about wallet protection. First of all you must make sure that no one has unauthorized access to your keys. Keep your wallet in a safe place and fold it in a way that the private key is not visible. 

Secondly, paper wallets also have risks of fire, moisture and water ingress, as well as natural decomposition of paper. The easiest way to prevent these risks is to create multiple copies and store them in different secure locations.

How to Set Up a Paper Wallet for Ethereum (ETH)

Step 1. Choose a paper wallet generator. You can use some of these services: Walletgenerator or Myethwallet .

In the next steps we are going to explain how to make a paper wallet with Walletgenerator. We show how to make a paper wallet the most secure way.  

Step 2. Go to Github.com and insert a link walletgenerator.net in the search string. 

Step 3. Click on the appeared file and scroll down

In the ‘readme’ window follow the link and download a .zip file.

Step 4. Disconnect the network on your computer and printer. Further, extract the .zip and click on the index.html file.

Step 5. Move your mouse around to add some randomness for generating ethereum addresses or simply type some random characters into the textbox.

As well as making a Bitcoin paper wallet,  You see two QR codes. One with a green Share label and an address below with a public key, so you can contribute funds to this address. The second QR code with the red Secret label is your private key.

Walletgenerator.net also suggests creating a paper wallet, a bulk wallet, or a brain wallet. 

Step 6. Print and save your code. 

Step 7 . Before connecting the Internet, make sure you have emptied your trash, cleaned browser history and deleted all files. Read steps 8 and 9 in the Bitcoin part about precautionary measures.

Are Paper Wallets Safe

As we have already noticed, paper wallets are deservedly considered to be the safest way to store currency. However, it is very crucial to point out existing risks. 

• Malware risks.  Despite the fact that a paper wallet is supposed to be offline storage, it still has chances to be hacked online. Some malware might read your keys in a creating process.
• Keylogger risks. Scammers can read your private key when you start entering it into your computer to withdraw funds.
• Printing risks. Printing your paper wallet can bring other risks. If you use a printer connected to Wi-Fi, your computer will send a file from your device to the printer in an unencrypted format. 
• WI-FI risks. By using a public Wi-Fi you are putting your funds at danger of being stolen. In General, all networks are hazardous, but you should especially stay away from public networks.
• Physical risks.  In the case of an offline wallet, the probability of theft or loss is as high as to damage. 

How to make your paper wallet safe?

• Generate private and public keys strictly offline
• Disconnect the computer and printer from the network and use a USB cable to connect them
• Don’t use public WI-FI, or any network you don’t trust
• It is not necessary to tell everybody about storing a large amount of crypto on a small piece of paper. There is also no need to say where… Hope you’ve got it
• Put your paper wallet in a safe place, where you or anybody/anything else can’t damage it

Following these simple rules makes your paper wallet 100% safe. 

Final Thoughts

Taking everything into consideration, a paper wallet is a good alternative to many other ways of storing cryptocurrency. It is free and quite accessible. There are a large number of different user-friendly paper wallets generators, so you can undoubtedly find the best for you. In this article, we have proved that despite all possible risks, this way of crypto storing can be fairly considered the safest. No one will guarantee you complete security if you don’t take care of it yourself.

About Changelly

• What Is Yield Farming and How Does It Work?
• How To Buy Crypto on Changelly via Unlimit Crypto – A Step-by-Step Guide
• Is Gold a Good Investment in 2024?
• What Is a Meme Coin? Top 5 Meme Coins in 2024
• What Are Bitcoin Runes? A Beginner’s Guide 

How To Make an Ethereum Paper Wallet in 5 Easy Steps

There are a lot of different ways you can store your Ethereum , from keeping it on online exchanges, to using a software wallet , to getting a hardware wallet. All of these options can be pretty confusing and overwhelming when you’re starting out.

Keeping cryptocurrencies on exchanges leaves them vulnerable to hacking and theft. It’s important to get your digital assets off of online exchanges and into your own hands in order to keep them protected. If you’re looking for a very simple solution to keep your Ether safe and secure, using a paper wallet could be your best bet.

Why Use a Paper Wallet?

A paper wallet is essentially just a piece of physical paper that has your private and public keys required to gain access to your cryptocurrencies. It’s pretty much the same concept as having a $100 bill — it’s a piece of paper that represents a certain amount of money.

Paper wallets are one of the best ways to keep your cryptocurrencies safe from getting stolen by hackers, because they take the coins offline. This is called “cold storage.” The only way someone could steal your coins is if they got into your home and physically obtained the paper wallet. So it’s recommended that you keep your paper wallet in a fireproof safe if you want true ease of mind that your precious cryptocurrencies are safe and sound, from thieves as well as the elements. Treat it like the valuable currency it already is or could become — that little piece of paper could potentially be worth a hefty amount of money one day!

It should be noted that there are some drawbacks to storing your cryptocurrencies on a paper wallet. The most obvious is that it’s a piece of paper that could get damaged or lost. Paper wallets also make your funds less liquid. Should you ever wish to exchange or use your cryptocurrency, you’ll have to transfer it to an online wallet or exchange. This greatly reduces the speed at which your funds can be utilized. However, if you plan on holding your cryptocurrencies long-term instead of actively trading them, this shouldn’t be too much of an issue.

All cryptocurrencies can be stored in a paper wallet. But for this guide, we will focus specifically on how to make an Ethereum paper wallet. Let’s jump in and get your ETH protected!

How to Create an Ethereum Paper Wallet

Step 1: go to myetherwallet.

MyEtherWallet is the most trusted and recommended site for creating your Ethereum paper wallet.

NOTE: Do not Google the website name, type it directly into your address bar.

The reason for this is hackers buy ad space with phishing sites and pretend to be the real MyEtherWallet site. If you end up on a phishing site, your Ether could get stolen!

Make sure the address bar looks exactly like this:

Bookmark this URL and always use that to visit the site. This ensures you are always going to the correct site instead of a fake one.

Step 2: Create a Secure Password

It’s recommended that you create a strong password when setting up your wallet. You can go to Secure Password Generator to get a randomly generated, ultra-secure password, or you can come up with one on your own. Write this down somewhere safe so you don’t forget it — this password is essential to accessing your Ether. Then simply enter the password and click “Create New Wallet.”

Step 3: Download Keystore File

A keystore file is an encrypted version of your unique Ethereum private key. And, like your password, it’s an essential piece of the puzzle required to access your Ether. Should you ever lose your private key, you will need this file and your password to get your unencrypted private key back. As MyEtherWallet notes, do not lose this and do not share it with anyone. Definitely make a backup of this file and store it on a USB drive. Then click “I understand. Continue.”

Step 4: Save the Private Key

Next you will receive your private key. This is the third and final thing that you must keep secret and safe. You can also save the private key in a Word document and keep it removed from your computer in a USB drive. This is just in case your paper wallet gets lost or destroyed.

Step 5: Print Out Your Paper Wallet

Now you can finally print out your actual paper wallet. Just click on “Print Paper Wallet” and you will get a piece of paper that looks like this:

Your paper wallet has all of the following information:

Your address: This is your public address you must provide to have ETH sent to your wallet. It also has a QR code on the left to easily scan the address on a smartphone.

Your private key: Again, don’t share this with anyone. To access your wallet and your ETH, you must type in this key, or use the QR code on the right.

Unique identifier icon: On the right-hand side, you will see a small, colorful icon. That is your unique icon that you should always look for when sending ETH to your wallet. If you see a different icon than this, it means you don’t have the correct public address.

Amount/Notes section: This is just a blank box where you can keep track of your account balance, for instance. You could also write in your password here as well.

If you don’t have a printer, you could just manually write down your address, private key, and password on a piece of paper. The advantage to printing it out is you can use the QR codes instead of having to manually type in the long strings of numbers and letters. Printing is also recommended it if you have hard-to-read handwriting.

Congrats! You successfully created your own Ethereum paper wallet.

And in the wise words of Gandalf:

How to Use Your Paper Wallet

Check Your Balance: You don’t even need to log into your account to check your wallet’s balance. Simply go to https://etherscan.io/ and enter your public address into the search bar at the top right. You’ll see your balance in ETH and USD, plus information about your past transactions.

Receive ETH: Receiving ETH to your paper wallet works just the same as any other wallet. All you have to do is provide your public address or scan your QR code.

Send ETH: To send ETH from your wallet, go back to MyEtherWallet . You have two choices to get into your account — either enter your private key or upload your keystore file. You will also have to put in your password. Once you’ve been authenticated, sending ETH is pretty straightforward. Put in the public address of the wallet you wish to send ETH to and enter the amount. Click “Generate Transaction” and you’re done!

Now you’re a paper wallet pro! As long as you keep your paper wallet protected, you can have the peace of mind knowing your precious ETH is safe and sound.

About Zoe Biehl

Zoë is a full-time writer and editor in the blockchain world. With a background in anthropology, Zoë is especially fascinated by how this groundbreaking technology is affecting societies around the world. Zoë also writes about the cannabis industry and drug policy. She currently lives in Tel Aviv, Israel.

• Skip to primary navigation
• Skip to main content
• Skip to primary sidebar
• Skip to footer

Trading Heroes

Forex Trading Education

The Beginner’s Guide to Creating a Secure Ethereum Paper Wallet

Why would you want to keep a digital currency on paper? This post will show you why you may want to create an Ethereum paper wallet and how to mint your first one.

Last updated: March 18, 2024 By Hugh Kimura

Cryptocurrencies are an exciting emerging market and Ethereum has a ton of potential.

But these new currencies come with their fair share of risks. In order to keep your Ether safe, an Ethereum paper wallet can be a good place to store your Ether.

But how do you create one, is it safe and what are the risks?

In this post, I'll show you why you might want to create a paper wallet. Then I'll give you the exact steps on how to do it securely. I'll also show you how to transfer your Ether in and out your newly minted paper wallet. 

Remember, no storage method is 100% safe.

But if you understand the risks, take the proper precautions and diversify your storage methods, you greatly reduce your chances of losing your investment to the bad guys.

Storing your Ether on the exchanges is generally the worst place to store it because the exchanges are susceptible to hacking and the exchanges maintain control of your private keys…not you.

Therefore, cold storage is a must for anyone who is serious about keeping their money safe.

A paper wallet is one cold storage option.

Table of Contents

What is an Ethereum Paper Wallet?

Why create an ethereum paper wallet, it cannot be hacked, keep erc20 tokens separated, storage diversification, full control of private keys, you don't have to move large amounts of money, easier to use, inexpensive, easy in-person transfer, paper wallet risks, paper damage, transferring from a paper wallet, it's a bearer bond, look-alike websites, software hacking, hardware hacking, the tools you need to create a secure paper wallet, 1. synthetic paper, 2. a “dumb” laser printer, 3. a paper wallet generator, 4. a qr code scanner for your computer, 5. a copy of linux running from a usb drive or virtual machine (optional, but highly recommended), 6. tamper evident stickers (totally optional), the step-by-step process for creating your first ethereum paper wallet, step 1: setup linux, step 2: download the wallet generator, step 2: start printing, step 3: shut it down, step 4: fold up your paper wallets, step 5: buy some ether to send to your wallet, step 6: check your wallet balance, step 7: find a secure storage place, how to transfer eth out of a paper wallet, step 1: use myetherwallet, step 2: sweep all of the money from the paper wallet to a digital wallet, step 3: spend the money by using the app, step 4: put the remaining balance back into cold storage.

If you are totally new to cryptocurrencies, I'll quickly go over what a paper wallet is.

If you know this already, then skip on to the next section.

First, some terminology…

Ethereum is the network or the “software” and Ether is the cryptocurrency that is used for transactions on the network.

That might be a tad simplistic, but that's pretty much all you need to know.

A wallet, digital or physical, is simply an address on the Ethereum blockchain. A blockchain is a type of database.

You can think of an Ethereum wallet address like a website domain name. It's an address that tells you how to find a website on the internet.

So when you create a paper wallet, you are using a piece of software to do two things:

• Generate a private key, which is essentially the password to your wallet. This password allows you to spend the funds in your wallet and is very secure. Do not expose this key until you are ready to spend the money in your wallet.
• Generate a public key, which is a public address on the Ethereum blockchain. You will give this to people to send cryptocurrency to. It's like your mailing address where people send physical mail to.

You can also send Ethereum ERC20 tokens to your Ethereum paper wallet. I'll get into that more in a bit.

Now let's talk about the advantages of a paper wallet…

This storage method is more for long term Ether investors , not ETH traders . But even as a trader, you can store a percentage of your Ether in a hardware or paper wallet, until you need it.

Here are some reasons why you might want to use a paper wallet to store your Ether or Ethereum-based token.

Since a paper wallet is not connected to the internet, there is no way that someone can hack your paper wallet .

This assumes that you have followed the correct steps in creating your paper wallet.

I'll discuss that more, later in this guide.

If you want to separate your ERC20 tokens from your Ether holdings, then creating paper wallets is an easy way to do this. There is an added layer of protection, in that you can easily send your tokens to a paper wallet. But to transfer the token out of the wallet requires a small amount of Ether in the wallet to pay for the transaction.

This is the Ethereum “gas” or fee that is required to execute the transaction. So if there is no gas in the wallet, that is another step that someone has to go through to get the money out of the wallet.

Also, if a would-be thief does not know about ERC20 tokens, then they might only scan the wallet for Ether. If there is a zero Ether balance, then they may just leave the wallet and move on to the next one.

Keeping all of your Ether in one place is generally a bad idea. So if you can keep some of it in a bank safety deposit box, some in your safe house and some of it in a safe in your home, then you greatly reduce your risk all of your money being stolen, in the event that one of those places are compromised.

Paper wallets make it easy to do that.

This is especially important with Ethereum.

Because of Airdrops.

Who knows if this will be a big thing in the future, but there are cryptocurrencies that are giving away some of their tokens to people who already own Ether.

This is called an Airdrop.

They do this because they want to raise awareness for their token. OmiseGO is an example of one of the big early Airdrops.

I don't think that you will make a ton of money with Airdrops, but you never know. There might be a token that becomes quite valuable one day.

Here are some ERC20 tokens that I have already received in one small wallet.

The important thing to understand is that these Airdrops only go to the owners of the private keys. If you keep your money on an exchange, the exchange owns the private keys.

So the exchange will usually get the Airdropped coins, not you.

That's even more reason to stay in control of your private keys!

Another benefit to paper wallets is that you don't have to keep all of your money in one wallet. You can generate several wallets and spread your money out.

If you only use one cold wallet solution and have to replace it, for whatever reason, it can be scary to move all that money at once. If you mess something up, all could be gone in one fat-fingered keystroke.

Having multiple wallets means that you have the ability to only move a portion of your funds.

Of course, this also creates more work. But it can be a small price to pay for peace of mind.

If you don't like dealing with a lot of device setups and online accounts then a paper wallet can be much easier to use than a hardware wallet device. It just depends on what you prefer to use.

Once you have the basic tools, paper wallets are very cheap to make. So you don't have to spend another $100+ on a Trezor or Ledger to get a second or third wallet.

Just fire up your printer and print out more wallets.

If you like how cash can be transferred from person-to-person, then a paper wallet might be for you. You can just print out a paper wallet to pay for something.

Presumably this would be for a higher ticket item. People will look at you weird if you try to buy a coffee with an Ether paper wallet.

The person you are paying can just scan the paper wallet into their app, verify the transaction and you are done. If it is a fairly big translation, then you don't have to carry around a briefcase full of cash handcuffed to your wrist.

Anyone who has watched any spy movie knows that you should target that guy .

But a paper wallet is not all sunshine and roses. There are certainly risks involved with this storage method.

If you are actually printing your paper wallets on paper, with an inkjet printer, then stop right now.

Otherwise, your paper wallet is vulnerable to water, fading and any 5-year old child. In the tools section below, I'll show you how to create a paper wallet that is much, much more durable.

But even then…fire, and a sharp pair of scissors are big threats to even the most robust paper wallets.

So be sure to store them in a safe place.

Putting money into a paper wallet is easy. When you want to withdraw your money from a paper wallet, you have to take an extra step and use an app or a site like MyEtherWallet to spend the money in a wallet.

You also have to “sweep” all of the money out of that wallet, for security reasons. I'll get to that later in this guide. The money you don't spend has to be moved to another cold storage wallet, to keep it safe.

So there are some extra steps that come with spending money from a paper wallet.

But this can also be seen as a extra layer of protection.

When you create a paper wallet, you are essentially creating a bearer bond. Whoever has possession of the paper is the owner of the money in that wallet.

Since the private key to the wallet is printed on the wallet, anyone can transfer the money out of the wallet into their account. Keep your paper wallets in your possession, hide the private key from plain view and only give them to people you absolutely trust.

You will learn how to hide the private key, later in this guide.

One way that the baddies can take your money is by creating their own websites that look like legitimate paper wallet generators.  When you create a wallet on one of these sites, they can see your private keys and will have access to your funds.

They can send you a link to these bogus sites in and email or put it on a website. People think that they are going to the legit site, when they are actually going to a cloned site.

That's why it's so important to use the method that I outline below.

Yes, a paper wallet cannot be hacked online. But if you create the wallet with software that is hacked, then the software can potentially transmit your private keys back to a hacker. Also, if you have malware on your computer, it could track your actions and send that information to a hacker too.

I'll talk more about how to avoid these scenarios in later sections, but just be aware that this is a threat.

The printer that you use to create your paper wallets is a potential vulnerability too. If the printer is too “smart” then it can store your previous printouts in its memory, which can be downloaded.

This guy was able to hack 150,000 printers remotely. He did it to raise awareness about printer security. But the bad guys aren't going to be that nice.

Your documents can also be intercepted when you transmit to wireless printers. So while wireless printing is super convenient, you should not use it for printing paper wallets.

Here are the tools that you need to create a secure Ethereum paper wallet .

Rule #1: Contrary to the name, you should not actually use paper.

One spilled beer and all of your money is toast.

If you want to store your money as securely as possible, then synthetic paper is the only real option. It is tear proof (by hand) and waterproof (if you use a laser printer).

There are a few synthetic paper options out there, but here are the two that I recommend.

The first one is Teslin . You will hear about it on many cryptocurrency forums and it is supposed to be the very best synthetic paper available.

I'm sure it's great and all, but I personally think that's overkill for a cryptocurrency paper wallet.

It's also pretty expensive.

One reason is that it is so durable and costly is that it is really thick, 10 mil to be exact. For reference, the average sheet of paper is 2.5-3.5 mil thick. At a little over $1 per sheet, it is cheap, compared to other cold storage solutions. But the cost can add up.

Another option is TerraSlate . It can be about half the price of Teslin, depending on how much you buy. It comes in different thicknesses, but the 4 mil version is a good option, in my opinion.

I've tried to tear one sheet of TerraSlate paper with my bare hands. I'm obviously not the strongest person in the world, but I could not rip it.

These suckers are strong!

Whichever one you choose, be sure to choose the version that works with laser printers.

Here's why…

Rule #2: Don't use a “fancy” or inkjet printer.

Inkjet printers use a liquid-based ink, which means that they will probably fade. Even so-called waterproof inks may not stand the test of time.

Don't take that chance.

Laser printers on the other hand, essentially melt plastic on paper.

This is completely waterproof.

So the combination of synthetic paper and waterproof ink will give you the most durable paper wallet possible.

“Fancy” printers are also security liabilities. The signal to wireless printers can be intercepted by anyone who knows how to decode these things.

Yes, that is not highly likely, but do you really want to take that chance?

Use a hardwired USB laser printer to prevent this.

Printers with a lot of internal memory are also potential targets for thieves. This internal memory is great if a print job fails in the middle because the printer can simply reprint the job from its memory.

However, this also means that someone could possibly download your previous print job and create a duplicate of your paper wallet. Therefore, the fewer bells and whistles on your laser printer the better.

Good news! That also means that won't have to pay a ton of money for a new printer.

Something like this printer is a good option, but do your own research before you buy.

Finally, for good measure, unplug your printer from the power and your computer, after you are done using it. This is to ensure that nobody can get access to it, online or in-person.

Paranoid? Maybe.

Next, you will need a paper wallet generator. This is usually done via a website.

It will generate the public and private keys for your wallet and give you a physical wallet design to print out. Some designs are cool, some not so much.

There are a few different options out there. But here's the most important thing that you have to keep in mind.

The biggest risk with using a wallet generator is that it may transmit your private keys back to a hacker. 

So you have to trust the source of the website that you use to create a paper wallet. You should also generate your wallets offline.

More on how to do that in the step-by-step guide below.

But the best paper wallet generator right now is MyEtherWallet . You can download the website to use offline here .

If you aren't sure about a website, do your own research and find out what other people are using and why.

You will also need a QR code scanner for your desktop or laptop computer. This will make it much easier to scan the QR codes on your wallets.

Of course, this is assuming that your computer has a built-in camera. If it doesn't, then consider getting a USB connected camera or scanning device.

If you type in the key manually and you make one mistake, all of your money could be gone. That is why it is so important to scan QR codes.

Just be sure that the QR code scanner you use does not transmit any of your scans back to a central server. This could expose your private keys by accident.

Here are few options to get you started:

• Mac: QR Journal
• Windows: CodeTwo Scanner and Creator
• Linux: ZBar Bar Code Reader

If you want to be extra secure, then you should only create your paper wallets from a brand new installation of an operating system. Since that may not be realistic for most people to do on their main computer, the next best thing is to put a fresh copy of Linux on a USB drive and run MyEtherWallet from there.

There are several flavors of Linux out there, but Ubuntu is one of the most popular and well supported.

The complete guide on how to install Ubuntu Linux on a USB drive can be found here .  It works for Windows, Ubuntu and macOS.

Once you have Linux installed on that drive, you can just plug it in and you will be able to use Linux for printing out your paper wallets.

As an alternative, you can also install a virtual machine like VMWare and install Linux on the virtual machine.

Using Linux to print your paper wallets may seem like an unnecessary step. But an ounce of prevention now, can save you from a mountain of hurt later.

This is especially true if you are running Windows, which is the least secure operating system. 

I highly recommend using Linux to print paper wallets. So in this guide, I'm going to be using this method. 

You might also want to purchase tamper-evident stickers to put on your paper wallets. This doesn't offer any physical security, but it can make it easier to tell if someone has peeked at your private key.

Notice how the paper wallet above is folded to protect the private key. The stickers simply help to keep it hidden.

Note: the paper wallet design above is no longer available, but I will teach you how to use another design.

One of the worst things that can happen with a paper wallet is that you lock it away somewhere safe, only to discover later that there is no money in it. So if you can see that someone has tampered with the wallet beforehand, you can at least try to track down the culprit right away.

Now that you understand the basics about paper wallets and the tools you need to create one, it's time to get to work. Here are the steps that you have to follow to create your first wallet.

Note: Some of these steps may seem like paranoid precautions. But remember that the Ether you store in these wallets could be worth a lot of money one day. 

Act accordingly.

The first thing you have to do is to install Linux. I'm going to use a virtual machine in this example, but you can also use the USB method mentioned earlier in this guide.

Either way, get Linux installed and download the latest updates. Then make sure that you can print to your laser printer, from Linux. If you cannot print, then download the latest drivers for your printer.

Do not download anything else!

No games or any other nonsense that you have on your primary computer. The more things you have installed in Linux, the higher the probability that you will download something that can steal your Ether.

Next, you need to download the offline wallet generator from MyEtherWallet. Do this from inside Linux.

First, click on this link.

Then click on this link to download the file.

Now double click the zip file to unzip it. Once you have successfully created this folder, you are ready to move on to the next step.

Before you start printing, be sure to disconnect your computer from the internet. Turn off your internet from inside Linux by unchecking the Enable Networking option from the networking menu in the upper right corner of the screen.

If you want to be extra cautious, disconnect your wireless router and turn off your modem to be absolutely sure that there is no internet traffic going to your computer. If you are using a virtual machine, shut off the internet connection on the host operating system too. 

Then go into the folder you unzipped and double-click the index.html file.

This will open a browser with an offline version of the MyEtherWallet site. Since you are not connected to the internet, this site is only running locally on your computer.

This ensures that the site is not passing back any information over the internet and nobody can intercept any information that is accidently transmitted between your computer and your wireless router.

First create a password for your paper wallet. Make sure it is more than 10 characters.

Remember that password length is very important.

The longer your password, the more secure it is.

Keep this password stored in a secure place, you may need it to access the money in your wallet later.

Once you have created your password, click on the Create New Wallet button.

The next screen will tell you to download a file. Click on the Download button to get the file.

This file is another way that you can use to get into this paper wallet, so keep it somewhere safe. It is an alternative to a private key, so treat it accordingly.

Once you have downloaded the file, the “ I understand. Continue. ” button will become clickable.

Click on it to continue to the printing phase.

The next screen will show you your private key for this wallet. Obviously, I don't intend to actually use this wallet, so that's why I'm showing the private key here.

Never share this private key with anyone.

You don't have to copy this key and save it anywhere. That's what the paper wallet is for.

Click on the Print Paper Wallet button.

Then you will be taken to a screen with the paper wallet. Print it to your laser printer and you are done.

If you want to have a backup, you can also print a copy to a PDF and store it on an encrypted USB drive. Remember however, the more copies you have floating around, the more potential for theft.

Repeat that process as many times as necessary to generate the number of paper wallets you need. Remember to keep your passwords and any other information about each wallet safe and off public servers like Dropbox or Evernote.

Also keep them organized. Make sure you know which password and keystore file goes with which wallet. You can write a number on the paper wallet and use that as a reference number in your digital files.

At this point, you probably have a question…

Why Do I Need a Password and Keystore File? 

There are two ways that you can spend the money in your Ether paper wallet:

• Use the private key.
• Use the password and the keystore file together. You need both to access the funds in the wallet.

You can use either of the two options.

So if you are going to only use the paper wallet for storage, then you might not need the password and keystore file. However, they are good backups and are totally different from the private key.

If you don't want to have paper lying around, then you could just store the password and keystore files somewhere. Presumably not in the same location. But again, the paper wallet is a good backup.

When you are done printing your paper wallets, shut down Linux and unplug your printer from the power source and your computer. Now it's safe to connect to the internet from your primary operating system.

The biggest issue with the physical design of the MyEtherWallet paper wallet is that it does not hide the private key. Even if you don't show your wallet to anyone, the private key could accidently be photographed or scanned.

Some camera apps automatically detect barcodes and store them, so you have to be extra careful.

Here's how you can hide the private key with this paper wallet design.

Get ready for some origami. 🙂

When you print out your wallet, it will look like this.

You can easily fit three wallets on one sheet of paper. So after you cut out the first wallet, save the paper and use it again to print your next wallet.

First, cut out the outline of the paper wallet, like so.

Again, I'm not actually going to use this wallet, so I'm showing you the private key. But when you do this, you will want to hide the private key.

Don't post it on Instagram 🙂

Cut off a portion of the left tab above the public key address or address. See the red line below for reference. I'll show you why this is important in a minute.

Then cut off the “My Ether Wallet” part of the left tab. It will look like this.

Next, fold the private key on the bottom of the wallet under, so it is hidden. Make sure that the public key/address text can still be seen.

Then fold the private key QR code under, to hide it. Be sure that the entire public key address text is still visible.

Next, flip the wallet over to the back.

Fold the private key QR code in half so it is hidden.

After that, put on a sticker or piece of tape on the fold like this. The tape or sticker should not cover the public key text on the front.

Now fold the left edge to the right edge, not including the tab. It looks like this. Notice how the sticker doesn't cover the public address.

Next, fold the tab over. The entire public key text is visible so you can double check the public address text after you scan the QR code. This is why we made that weird first cut.

Now you can use one more sticker or a piece of tape to seal the deal.

You now have a paper wallet that is easy to store and transport. Notice how it is impossible to see the complete private key QR code or text, from any side, without breaking the seals.

Since you have also covered or removed anything saying “Ether,” it's tough to tell that it's an Ethereum paper wallet, unless you know that the 0x prefix of the public address is an Ethereum address. If someone doesn't know what Ether or a paper wallet are, they won't have any reason to believe that this piece of paper is valuable.

This is the fun part. Now that you have some paper wallets, it's time to put some Ether in them.

First, buy some Ether from a site like Coinbase . They make it easy to buy Bitcoin, Litecoin or Ethereum with a credit card or bank account.

Here's what it would look like if you wanted to buy $100 of Ether.

After you purchase the Ether, it will be available in your Coinbase wallet.

Then use the QR scanner on your computer to get the public key from the first paper wallet you want to transfer Ether into. Make sure that the public key text on your computer matches the text on the paper wallet.

Once you have copied the public text address, go to Accounts > ETH Wallet > Send in Coinbase. Paste the paper wallet public address into Coinbase as the send address, chose how much you would like to send and hit the Continue button.

If this is your first send, you should test the process with a small send, before committing to a larger amount.

There will be one more screen to verify the transaction.

Click on Verify .

Now it's time to check to see if the transaction went through.

It may take some time transfer the wallet balance to your new paper wallet, but it shouldn't take more than about 15 minutes to complete.

You can check the balance of your wallet by going to Etherscan . Use the QR Code scanner on your computer to get the public key from your paper wallet.

Remember, never use your private key until you are ready to spend the money in the wallet.

Then copy and paste the public key into the search box in the upper right corner of the Etherscan page and click on the GO button.

This will show you how much Ether is in your paper wallet. If you sent ERC20 tokens to your paper wallet, then be sure to look at the token dropdown menu.

If the transaction did not go through, check Coinbase to see the transaction status. If you cannot tell what went wrong, contact Coinbase support and they will help you out.

Once you have confirmed that your transaction was successful, it's time to secure your paper wallets. A bank safety deposit box is a very good option.

But you may want to store it in your home safe or a another secure location.

Your paper wallet could be worth a lot of money day, treat it like you would physical gold or a valuable antique.

Pretty simple right?

Now I'll show you how to move your money out of your paper wallets.

Getting money into a paper wallet is pretty easy.

So is getting it out.

There are several digital wallets that will allow you to sweet the money on your paper wallet into their wallet. But the easiest is MyEtherWallet.

To be extra safe, fire up Linux again and use the website from there. You have to be connected to the internet.

On the MyEtherWallet website, go to Send Ether & Tokens .

Then choose either Keystore/JSON File or Private Key. Using Private key is faster, so I would recommend that.

Break the seals on your paper wallet and scan the private key QR code. Copy and paste that into the box and click the unlock button.

Yes, this is done online and there is a bit of risk. However, the transaction doesn't take long, so it is not likely that a lot can happen during that time.

But if you would like to do this super securely, then you should do an offline transaction. The instructions for how to do this can be found here .

It's a little more complicated, but also much safer. Disconnect Linux from the internet and use that as your offline computer.

If you are going to send ERC20 tokens from your wallet, you need to have a little bit of Ether in the wallet to pay for the transactions. One wallet can hold multiple Ethereum-based cryptocurrencies.

Now you have access to the money in your paper wallet, send it to the desktop, online or mobile wallet of your choice. Get the public address from the app you want to send the money to and put that into MyEtherWallet as the “To” address.

These wallets make it much easier to spend your money, but they are not as secure as cold storage solutions.

Here are a few options that you might want to consider:

Do some research on these solutions to see which one will work best for you. These apps give you the ability to spend your money anywhere Ether is accepted.

When you do this, take all of the money out of your paper wallet. It can no longer be considered secure because you have exposed the private key.

Now comes the fun part. What will you buy?

Just don't spend it all in one place 😉

If you have anything left over, you can send it back into a new paper wallet, or simply keep it in the digital wallet app. It just depends on how quickly you will need access to those funds again.

That is everything you need to know about creating your first Ethereum paper wallet. It can be a little tough to figure out the process the first time. But after you go through it once, you will be a pro at creating paper wallets.

If you understand and avoid the risks of paper wallets, then they can be a great way to store and transport your valuable cryptocurrency. Stay tuned for future tutorials on how to create paper wallets for other cryptocurrencies.

The process is usually similar, but some of them have their own nuances that you have to be aware of.

Still have questions? Leave them in the comments below…

To get more cryptocurrency tutorials and analysis, subscribe to our  CoinCrew TV playlist on YouTube.

Disclaimer: Some links on this page are affiliate links. We do make a commission if you purchase through these links, but it does not cost you anything extra and we only promote products and services that we wholeheartedly believe in. TradingHeroes.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Related Articles

• The Total Beginner’s Guide to Cryptocurrency Trading (Bitcoin, Ether and More)
• How to Trade Ethereum: The Beginner’s Guide to Ether Trading
• How Long Should I Paper Trade?
• How To Trade Forex For Beginners
• MT5 Mobile App Quick-Start Guide for Beginners
• The Heroic Guide to Forex Hedging for Beginners

About Hugh Kimura

Hi, I'm Hugh and I'm an independent trader. Before starting Trading Heroes in 2007, I used to work at the trading desk of a hedge fund, for one of the largest banks in the world and at an IBM Premier Business Partner.

Learn more about me here and read more of my articles here.

Wallet Generator ETH

Generate Your Wallet, Guard Your Finances.

Submit Here

Download this:

How to use Wallet Generator Ethereum EVM

1. First, you must visit Wallet Generator Ethereum EVM

2. Submit how much wallet you want to create and click generate .

3. The preview will appear as shown below

4. Lastly, enjoy

Wallet Generator Ethereum EVM - The Ethereum platform, with its revolutionary smart contract capabilities, has become a cornerstone in the blockchain world. 

At the heart of Ethereum lies the Ethereum Virtual Machine (EVM), a decentralized Turing-complete virtual machine that executes scripts using an international network of public nodes. 

For users and developers alike, understanding the intricacies of Ethereum wallets and how they interact with the EVM is crucial. In this article, we'll delve deep into the world of Ethereum wallet generators and their significance in the EVM ecosystem.

What is an Ethereum Wallet?

An Ethereum wallet is a digital tool that allows users to manage their Ether (ETH) and Ethereum-based tokens. It provides a user interface to securely store, send, and receive cryptocurrencies. 

More than just a simple storage mechanism, Ethereum wallets interact directly with the EVM, enabling users to execute smart contracts, participate in decentralized applications (DApps), and more.

The Need for a Wallet Generator

Given the decentralized nature of the Ethereum network, security is paramount. A wallet generator creates a unique pair of cryptographic keys: a public key, which is your Ethereum address, and a private key, a secret alphanumeric password used to authorize transactions. This key generation process ensures that the user's assets remain secure and inaccessible to unauthorized entities.

How Does a Wallet Generator Work?

A typical Ethereum wallet generator uses cryptographic algorithms, primarily the Elliptic Curve Digital Signature Algorithm (ECDSA), to produce a private key and its corresponding public key. This process is entirely random, ensuring that every generated wallet is unique.

Once generated, the private key must remain confidential. In contrast, the public key undergoes further processing to produce the Ethereum address, which can be shared openly to receive funds.

Types of Ethereum Wallets

Hardware Wallets: These are physical devices that securely store users' private keys offline. They are immune to online hacking attempts and are considered one of the safest options for large cryptocurrency holdings.

Software Wallets : These are applications or software programs installed on computers or mobile devices. They generate and store the private keys on the device they're installed on.

Paper Wallets : As the name suggests, these are physical documents that contain both the public and private keys. They are generated offline and can be printed or written down.

Web Wallets : These are online services that manage and store private keys for users. They are accessible via web browsers but are considered less secure due to their susceptibility to online threats.

Interacting with the EVM

The EVM is responsible for executing all operations on the Ethereum network, from simple transfers to complex smart contract interactions. 

Wallets play a pivotal role in this ecosystem. When a user initiates a transaction or interacts with a smart contract, the wallet signs the operation with the user's private key. This signature is then verified by the EVM, ensuring the authenticity and integrity of the transaction.

Safety Precautions

While wallet generators provide a seamless way to create Ethereum wallets, users must exercise caution:

Always use reputable wallet generators.

Never share your private key. Remember, possession of the private key equates to ownership of the funds.

Regularly backup your wallet, especially if you're using software or web wallets.

For significant amounts, consider using hardware wallets or multisig wallets, which require multiple private keys to authorize a transaction.

The Ethereum EVM has revolutionized the world of decentralized applications and smart contracts. Wallets, as the gateway to this ecosystem, are of paramount importance. 

Whether you're a seasoned developer or a newcomer to the crypto space, understanding the intricacies of Ethereum wallet generators and their role in the EVM ecosystem is crucial. As the Ethereum network continues to grow and evolve, ensuring the security and functionality of wallets will remain a top priority for the community

Navigation Menu

Search code, repositories, users, issues, pull requests..., provide feedback.

We read every piece of feedback, and take your input very seriously.

Saved searches

Use saved searches to filter your results more quickly.

To see all available qualifiers, see our documentation .

• Notifications You must be signed in to change notification settings

Paper Wallet Generator for Ethereum

matthiaszimmermann/ethereum-paper-wallet

Folders and files.

Repository files navigation

Application description.

Command line tool to create (offline) Ethereum paper wallets. For the mnemonic sentences the BIP39 specification is used. For the wallet address path relies on the BIP44 specification.

Demo Output

As we want to create paper wallets, the CSS is prepared make the HTML printable.

Run the Application

After cloning this repo build the command line tool using Maven.

The result of the Maven build is an executable JAR file.

Creating a Paper Wallet

Use the following command to create a paper wallet.

This will lead to some information on the console

Three file are created by the tool as indicated in the output above

• The actual wallet file (UTC--2020-10-08T07-42-39... .json)
• The HTML file for printing (UTC--2020-10-08T07-42-39... .html)
• The image file with the QR code for the paper wallet address (UTC--2020-10-08T07-42-39... .png)

Providing the Password in a more secure way

The above mentioned commands will show the password on screen while typing it. In addition the command is retained in the command history. These drawbacks can be avoided using the mechanism provided below.

The same modification may also be used for all commands provided in the examples below. Special thanks to dkhokhlov for the hint in issue #7 .

Verifying a (Paper) Wallet

The tool also allows to verify a provided wallet file against a provided pass phrase.

Creating a Paper Wallet with a given Mnemonic

Use the following command to create a paper wallet for a specified menmonic "kite scan embark dismiss text syrup salon butter cross rude hammer course".

Creating an offline Transaction

The tool further allows to create an offline transaction for provided wallet details

leading to the following output.

The last line may be used to send the transaction to the Etherem network (using your infura token).

Dependencies

The project is maintained with the Eclipse IDE using Java 8. Building the project is done with Maven. For Ethereum the web3j library is used, to create QR codes the ZXing library and for command line parsing the JCommander library.

Contributors 3

• Java 100.0%

Ethereum Paper Wallet

Ethereum Paper Wallet is an open source tool using your web browser to generate Ethereum (eth) paper wallet.

Ethereum Wallet

Ethereum Wallet is an open source tool using your web browser to generate Ethereum (eth) wallet.

Welcome to the new CoinCentral !

• Press Releases

Is Bitcoin’s Price in 2024 Being Suppressed? It’s Complicated

Uphold Exchange Review: Can You Trust Uphold with Your Crypto? (Updated 2024)

What is PrimeXBT? A Guide on the Crypto Derivatives Exchange

What is Decentralized AI and Why We Need It ASAP?

What’s a Sybil Attack & How Do Blockchains Prevent Them?

What are Liquid Restaking Tokens (LRTs) & Liquid Staking Tokens (LSTs)

Ethereum paper wallet | beginner’s guide.

Never Miss Another Opportunity. Get hand selected news & info from our Crypto Experts so you can make educated, informed decisions that directly affect your crypto profits!

Regenerative Finance 101: A Guide to Crypto’s ReFi Movement

Creating your wallet, receiving ethereum in your wallet, sending ethereum from your wallet.

•  Checking the balance of your wallet

If you’ve got a significant amount of Ethereum (or any amount for that matter) stored online, I recommend that you transfer it to an offline wallet as soon as you can. Offline wallets, also known as cold wallets, can be as simple as a piece of paper or as complex as a pin protected USB drive .

Keeping your Ethereum in a cold wallet keeps it out of the hands of hackers who prey on their victims via the Internet.

This security comes at a small cost, though. You still need to transfer your Ethereum to an online wallet or exchange to use it, making your funds less liquid. However, if you’re playing the long game and holding for a while, this shouldn’t be an issue.

In this guide, I’m going to walk you through the steps on how to create and use an Ethereum paper wallet from MyEtherWallet (MEW) – a trusted recommendation.

First, navigate to myetherwallet.com by typing it directly into your address bar. Do not google the website name . Thieves will often buy ad space with a phishing site pretending to be MEW and attempt to steal your coins.

Once on the site, enter a strong password, write it down in a safe place, and click “Create New Wallet”.

Next, download your Keystore File to your computer. I highly advise that you make a backup of this as well. This is the most important step of the process. Your funds can be stolen if someone else acquires this file, and you’ll have no way to recover your account without it.

Click “I understand. Continue” to…well, you know…continue.

Here, you receive your private key. Once again, store this in multiple, secure places and do not share it with anyone.

Finally, you can print your paper wallet. Store this as you would any other document that’s worth a sizeable amount of money.

This wallet has every important piece of information you need:

• Public address string
• Public address QR code
• Private key string
• Private key QR code
• Unique identifier icon
• Area to write notes like the account balance

As with any other wallet, you can send Ethereum to your paper wallet by using the public address. When prompted, either copy and paste your public address string or scan the address QR code.

To send Ethereum from your wallet , you need to visit myetherwallet.com again. Once there, click on “ Send Ether & Tokens ” at the top of the screen.

You can send Ethereum by either entering your private key or by uploading your Keystore File . I hope you saved them. You’re also required to enter your password for both methods.

Once authenticated, send your Ethereum just as you would from any other wallet. Enter how much you want to send, the public address you want to send it to, and the gas limit. To finish it off, click “ Generate Transaction ”.

  Checking the balance of your wallet

To see the balance of your Ethereum paper wallet, use a site like Etherchain or Etherscan . On both sites, you can enter your public address in the search bar in the upper right-hand corner to see your balance and transactions.

Never Miss Another Opportunity! Get hand selected news & info from our Crypto Experts so you can make educated, informed decisions that directly affect your crypto profits. Subscribe to CoinCentral free newsletter now.

Meet Tangle, Crypto’s Blockchain Alternative

Legal disclaimer.

CoinCentral’s owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses. None of the content on CoinCentral is investment advice nor is it a replacement for advice from a certified financial planner.

Get Crypto News - Delivered!

Stack Exchange Network

Stack Exchange network consists of 183 Q&A communities including Stack Overflow , the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Q&A for work

Connect and share knowledge within a single location that is structured and easy to search.

Is there a way to generate ethereum paper wallets?

Is it possible to store ether on paper wallets or generate printable private keys offline somehow?

• cold-storage
• paper-wallets

6 Answers 6

Cold storage has been discussed in the past on Ethereum's subreddit .

Just to give my 2 cents, on Ubuntu I use the following on the command line:

Add option -l H to get a code that is easier to decode. The qrencode tool uses the open source libqrencode library, and can be installed using:

Once you have the image file, you can then print it off. (Using a wired connection to a printer, unless you're happy with the printer's levels of wireless security.)

A command line tool to decode a scanned QR code or image file is included in the zbar-tools package, e.g. zbarimg --quiet qr_image.png

The general disclaimer: You'll need to ensure you're happy with piping your keys into someone else's utility... The source code is available, but you'd need to be familiar enough with C to be able to check it isn't taking a copy of the key and then sending it back to the mothership.

• 2 It should be noted that for this to work you need to generate the keyfiles themselves using geth . –  Tjaden Hess Commented Jan 20, 2016 at 23:26
• 1 And it works only with Ubuntu or mint. Maybe a bit too localized. Aren't there any paper wallet generators out there? –  q9f Commented Jan 23, 2016 at 13:19

MyEtherWallet.com

There is a paper wallet generator available at myetherwallet.com .

If you don't trust it, you can download it from github and run it offline.

EthAddress.org

There is another paper wallet generator available at ethaddress.org .

Source code on github .

Printing the private key for ethereum in geth.

This is done for creating a real *secure offline paperwallet in your own WM which afterwards stores the money independent from a program * .

Based on this posts and another post that points out that the source code of geth can easily be changed to print out the private key. Here it how it goes.

• Create a virtual machine with a linux. I took VirtualBox and an old Ubuntu minimal version (old because the minimal Installation without GUI is ease and fast done.)

Building geth from source (i.e. Follow this tutorial github.com/ethereum/go-ethereum/wiki/Installation-Instructions-for-Ubuntu)

-Note switch to a stable version of geth: git checkout

Check if geth can be executed (and thereby update the latest nodes, not shure if this is required) type /build/bin/geth console --fast

• Shutdown the VM,
• Disable the network-Adapters in VirtualBox
• Restart the VM
• Modify the SourceCode as displayed in the pictures below. (The file to be modified can be seen on the headerline in the pictures.)
• Rebuild geth ( make geth ) as descipted in the Installation-Instructions in Step 2. Check if the Random-Number will be a good random value by executing cat /proc/sys/kernel/random/entropy_avail I have a Value above 3000 that is okay. (Google rng-utils to find how to increase the entrophy if below 200.)
• Create a new account via /build/bin/geth account new (the private key will be displayed after password was entered.).
• After created all accounts recheck if entrophy is still above 200 by execution the command from 8.
• cd ~/.ethereum/keystore/
• The private key and the public key is written in the filenames of the accounts in the keystore.
• Add 0x as prefix before the public key, because most programs expect it.
• To create the paperwallets from the filenames, easily the list of the keystores can be written to a file with ls ~/.ethereum/keystore/ >> paperwallet.txt and sent it to a printer. Note: The public key requires the prefix 0x to intend the usage as hex.
• Test some of the paperwallets **with small amounts of money. (Recive and Send Money)
• Note: The paperwallets are save until the day you used the private key for the first time for a transaction.
• If the tests succeed, and you have the wallets printed out, erase the VM.

Modify the Source-Code:

On the first picture: Make a Copy of the function keyFileName and name it keyFileNamePlusPK. Uncomment tx (this is important) and expand the fmt.Sprintf command.

On the second picture: Search the function storeNewKey and call keyFileNamePlusPK inside the method. Also add fmt.Println(„storeNewKey... Good Luck. !!!And Note i am not responsible for any problems comming from this post!!!

Additional option: Java based offline solution on GitHub .

Based on Richard's answer I created a bash script to build a more readable paper backup. As shown in the following example , the paper contains the address (to not confuse multiple keyfiles/papers) and the keyfile in both plain JSON and QR-code.

Such paper wallet is just a backup with same security as backed up keyfiles on a normal USB stick. In contrast to paper wallets produced by MyEtherWallet, the paper does not contain the unencrypted private key . I don't think anyone should ever print a private key on paper anyway.

Here's a new one with user customizable background artwork:

Memory Paper Wallet - Ethereum Customizable Paper Wallet https://bitcointalk.org/index.php?topic=3335760.0

Your Answer

Sign up or log in, post as a guest.

Required, but never shown

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy .

Not the answer you're looking for? Browse other questions tagged security cold-storage paper-wallets or ask your own question .

• The Overflow Blog
• How to build open source apps in a highly regulated industry
• Community Products Roadmap Update, July 2024
• Featured on Meta
• We spent a sprint addressing your requests — here’s how it went
• Upcoming initiatives on Stack Overflow and across the Stack Exchange network...

Hot Network Questions

• Does the Grimme D3 correction improve band gaps of vdW heterostructures?
• Who first promoted the idea that the primary purpose of government is to protect its citizens?
• Are there any parts of the US Constitution that state that the laws apply universally to all citizens?
• Can you arrange 25 whole numbers (not necessarily all different) so that the sum of any three successive terms is even but the sum of all 25 is odd?
• World domination by AI without motivation
• Why does Paul's fight with Feyd-Rautha take so long?
• If a lambda is declared as a default argument, is it different for each call site?
• Identify rear derailleur (Shimano 105 - medium or short)
• What does it mean if Deutsche Bahn say that a train is cancelled between two instances of the same stop?
• When do you know things are actually going poorly in graduate school?
• Book in 90's (?) about rewriting your own genetic code
• Adding Multiple Titles with Gilded Effects
• Why didn't Jimmy Neutron realize immediately when he read the note on the refrigerator that the note is phony, as the note says "son or daughter..."?
• Is there a way to do artificial gravity testing of spacecraft on the ground in KSP?
• Why does independent research from people without formal academic qualifications generally turn out to be a complete waste of time?
• Geometry question about a six-pack of beer
• mirrorlist.centos.org no longer resolve?
• PCIe implementation
• Acts 13:43 and the grace of God
• As an advisor, how can I help students with time management and procrastination?
• I want to leave my current job during probation but I don't want to tell the next interviewer I am currently working
• Plausible reasons for the usage of Flying Ships
• Why are 16th note apoggiaturas not written as normal 16th notes?
• Localization of quasi-excellent rings are quasi-excellent?

• Mining Guide
• What is Ethereum?
• How to Buy Ethereum
• Ethereum Market Cap
• Mining Calculator
• Buy Ethereum

How to Make a Paper Ethereum Wallet

Last updated March 26, 2018

How Wallets Work

Unlike the real world wallets, a crypto wallet does not really store money but will instead save your  private and public keys that you will use to do transactions.

Anyone can use your public key to send Ethereum to you. While the private key is a secret key that should never be shared that your wallet uses to send Ethereum out of your wallet.

Both your private and public keys are stored in the blockchain but it is your responsibility to make sure that your private key is as secure as possible so that no one but you can use it to send your Ethereum to another address.

In the world of crypto wallets, there is either hot storage or cold storage. Hot storage is whereby your wallet has access to the internet. On the other hand cold storage is whereby your wallet is completely offline, like a paper wallet.

Me: "Use hardware wallets, most people can't do paper wallets securely. DON'T recommend paper wallets to non-experts" 1000 responses: "Use paper wallets, here's how: [complicated insecure method]" — Andreas M. Antonopoulos (@aantonop) March 26, 2018

Most people believe that cold storage is the safest since it is safe from hackers and phishing.

It is however inconvenient in the sense that it is not ideal if you need quick or daily transactions.

About Ethereum Paper Wallets

Paper wallets are a form of offline cold storage for keeping your cryptocurrency secure.

Normally you will need to print both your private and a public key on a piece of paper then it’s upon you to make sure you store it in a safe place. The keys are typically printed in the form of QR codes so you can easily scan the code to use your wallet’s information (rather than typing in the key data by hand).

There have been many arguments on whether it is the safest way to store crypto coins, with some arguing it’s safe and some arguing it’s not safe. It may be safe in the sense that it’s the responsibility of the owner to make sure that it is safe and the private key is not leaked out to someone else. It saves you the worry of hardware malfunction or hackers accessing your keys. It may be unsafe in the sense that if you lose your private keys or make them known to someone else you are at a risk of losing all your money.

If you are interested in using Ethereum, buying , mining or trading , it is mandatory that you have an Ether wallet. An Ethereum paper wallet is one of the options. It is just like any other paper wallet only that in this case it is used to store Ether.

Creating an Ethereum Paper Wallet

Paper wallets were popular with Bitcoin because it was the first and most popular cryptocurrency plus generating a Bitcoin paper wallet was the easiest way to make a wallet.

Luckily, it is also easy to generate an Ethereum paper wallet nowadays. There are plenty of sites that will generate Ethereum wallets but be 100% positive to use a website that is trusted and secure.

Generating the wallet:

MyEtherWallet has made it very easy to generate an Ethereum paper wallet.

When starting the process on MyEtherWallet you’ll be asked to create a password, this is used to encrypt your keystore file (given to you on the next page). We should note that the password used encrypts your keystore file, think of this as a backup to your wallet. You’ll need your password and keystore file to unlock with this method.

After downloading your keystore file you’ll be given your private key which can easily be printed, the private key is not encrypted with the password noted in the previous step and gives you complete access to your wallet.

Do NOT share your private key with anyone.

Accessing your new wallet:

Once the wallet is created you can access your wallet using the “Send Ether & Tokens” tab on MyEtherWallet.

Just enter the private key from your wallet, if you’ve printed the wallet you can scan the QR code to use the private key. It is important to note that when unlocked your private key will reveal your public key.

Using your private key on MyEtherWallet

After your wallet is unlocked you’ll also have access to your public address which users can send Ethereum to you. Your public address is safe to share with anyone. Note that all public Ethereum addresses start with “0x”

Account Address/Public Address displayed on MyEtherWallet

Advanced Users:  Note to advanced users, if you want ultimate security you can actually download the MyEtherWallet source code on their Github  which will allow you to generate wallets and access wallets locally on your machine.

Pros of a Paper Wallet

A paper wallet will save you the stress of cyber security, hackers and malwares accessing your private keys. You are solely responsible for making sure that your wallet is safe. If you make multiple secure storages for your papers and keep the information confidential then you are sure your keys are safe. With a paper wallet you can opt to store the information in a safe box with your other valuables and lock them and you are assured of their safety. It is also convenient if you don’t access your wallet often.

Cons of a Paper Wallet

As much as many would turn to paper wallets as a form of cold storage, it has its own set of disadvantages main concern being paper wallet security.

Since paper wallets have the private and public keys on a piece of paper, if anything happens to the paper it means one stands at a risk of losing their keys and hence losing their money. It is therefore very mandatory that if you take the paper wallet route you make sure that you have as many backups as possible. Even though multiple secure locations will help, you should keep in mind that the more locations you store your keys, the more compromise you make which may also pose as a risk.

Easy to steal: Paper wallets are easier to steal as compared to online wallets. If you have leaked the information to anyone and they find the location of the papers that have the private and public keys, they can easily take a photograph and that’s all they need to steal your money. When it comes to paper wallets, the keys should be printed on a high quality laser printer so that there is no risk of the ink spreading out if the paper gets wet. Therefore not any kind of printer can be used.

For a paper wallet, if you forgot the location of the paper containing the keys you are at a risk of losing your money. With time, a paper wears and tears, it is therefore important that a high quality piece of paper is used. It might be useful to create newer backups after a certain period of time.

Tracking Your Balance with a Paper Wallet

Since every transaction and wallet balance is on the blockchain everything on your paper wallet is publically visible. Sites like Etherscan  let you view wallets and transactions on the Ethereum blockchain using just the public key.

If you’re using a paper wallet we recommend signing up on Etherscan  which will allow you to receive email notifications if funds go in or out of your wallet. Plus it’s great for just tracking your balance without unlocking the wallet.

Gifting Ethereum with a Paper Wallet

Additionally paper wallets are a perfect way to gift Ethereum to friends and family. Just print out a paper wallet and add it to a card with some funds in the wallet. Then they can simply open the wallet in MyEtherWallet  and send it to any wallet they’d like.

There are also services such as ether.cards which offer physical gift cards that contain an Ethereum address. Ether.cards uses a scratch off with a  Mnemonic Phrase underneath which can be claimed on MyEtherWallet or even in Jaxx.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

• Auto Insurance Best Car Insurance Cheapest Car Insurance Compare Car Insurance Quotes Best Car Insurance For Young Drivers Best Auto & Home Bundles Cheapest Cars To Insure
• Home Insurance Best Home Insurance Best Renters Insurance Cheapest Homeowners Insurance Types Of Homeowners Insurance
• Life Insurance Best Life Insurance Best Term Life Insurance Best Senior Life Insurance Best Whole Life Insurance Best No Exam Life Insurance
• Pet Insurance Best Pet Insurance Cheap Pet Insurance Pet Insurance Costs Compare Pet Insurance Quotes
• Travel Insurance Best Travel Insurance Cancel For Any Reason Travel Insurance Best Cruise Travel Insurance Best Senior Travel Insurance
• Health Insurance Best Health Insurance Plans Best Affordable Health Insurance Best Dental Insurance Best Vision Insurance Best Disability Insurance
• Credit Cards Best Credit Cards 2024 Best Balance Transfer Credit Cards Best Rewards Credit Cards Best Cash Back Credit Cards Best Travel Rewards Credit Cards Best 0% APR Credit Cards Best Business Credit Cards Best Credit Cards for Startups Best Credit Cards For Bad Credit Best Cards for Students without Credit
• Credit Card Reviews Chase Sapphire Preferred Wells Fargo Active Cash® Chase Sapphire Reserve Discover It® Cash Back Discover It® Student Chrome Discover It® Student Cash Back Chase Ink Business Unlimited American Express Blue Business Plus
• Credit Card by Issuer Best Chase Cards Best Discover Cards Best American Express Cards Best Visa Credit Cards Best Bank of America Credit Cards
• Credit Score Best Credit Monitoring Services Best Identity Theft Protection
• CDs Best CD Rates Best No Penalty CDs Best Jumbo CD Rates Best 3 Month CD Rates Best 6 Month CD Rates Best 9 Month CD Rates Best 1 Year CD Rates Best 2 Year CD Rates Best 5 Year CD Rates
• Checking Best High-Yield Checking Accounts Best Checking Accounts Best No Fee Checking Accounts Best Teen Checking Accounts Best Student Checking Accounts Best Joint Checking Accounts Best Business Checking Accounts Best Free Checking Accounts
• Savings Best High-Yield Savings Accounts Best Free No-Fee Savings Accounts Simple Savings Calculator Monthly Budget Calculator: 50/30/20
• Mortgages Best Mortgage Lenders Best Online Mortgage Lenders Current Mortgage Rates Best HELOC Rates Best Mortgage Refinance Lenders Best Home Equity Loan Lenders Best VA Mortgage Lenders Mortgage Refinance Rates Mortgage Interest Rate Forecast
• Personal Loans Best Personal Loans Best Debt Consolidation Loans Best Emergency Loans Best Home Improvement Loans Best Bad Credit Loans Best Installment Loans For Bad Credit Best Personal Loans For Fair Credit Best Low Interest Personal Loans
• Student Loans Best Student Loans Best Student Loan Refinance Best Student Loans for Bad or No Credit Best Low-Interest Student Loans
• Business Loans Best Business Loans Best Business Lines of Credit Apply For A Business Loan Business Loan vs. Business Line Of Credit What Is An SBA Loan?
• Investing Best Online Brokers Top 10 Cryptocurrencies Best Low-Risk Investments Best Cheap Stocks To Buy Now Best S&P 500 Index Funds Best Stocks For Beginners How To Make Money From Investing In Stocks
• Retirement Best Roth IRAs Best Gold IRAs Best Investments for a Roth IRA Best Bitcoin IRAs Protecting Your 401(k) In a Recession Types of IRAs Roth vs Traditional IRA How To Open A Roth IRA
• Business Formation Best LLC Services Best Registered Agent Services How To Start An LLC How To Start A Business
• Web Design & Hosting Best Website Builders Best E-commerce Platforms Best Domain Registrar
• HR & Payroll Best Payroll Software Best HR Software Best HRIS Systems Best Recruiting Software Best Applicant Tracking Systems
• Payment Processing Best Credit Card Processing Companies Best POS Systems Best Merchant Services Best Credit Card Readers How To Accept Credit Cards
• More Business Solutions Best VPNs Best VoIP Services Best Project Management Software Best CRM Software Best Accounting Software
• Debt relief Best debt management Best debt settlement Do you need a debt management plan? What is debt settlement? Debt consolidation vs. debt settlement Should you settle your debt or pay in full? How to negotiate a debt settlement on your own
• Debt collection Can a debt collector garnish my bank account or my wages? Can credit card companies garnish your wages? What is the Fair Debt Collection Practices Act?
• Bankruptcy How much does it cost to file for bankruptcy? What is Chapter 7 bankruptcy? What is Chapter 13 bankruptcy? Can medical bankruptcy help with medical bills?
• More payoff strategies Tips to get rid of your debt in a year Don't make these mistakes when climbing out of debt How credit counseling can help you get out of debt What is the debt avalanche method? What is the debt snowball method?
• Manage Topics
• Investigations
• Visual Explainers
• Newsletters
• Abortion news
• Climate Change
• Corrections Policy
• Sports Betting
• Coach Salaries
• College Basketball (M)
• College Basketball (W)
• College Football
• Concacaf Champions Cup
• For The Win
• High School Sports
• H.S. Sports Awards
• Scores + Odds
• Sports Pulse
• Sports Seriously
• Women's Sports
• Youth Sports
• Celebrities
• Entertainment This!
• Celebrity Deaths
• Policing the USA
• Women of the Century
• Problem Solved
• Personal Finance
• Consumer Recalls
• Video Games
• Product Reviews
• Home Internet
• Destinations
• Airline News
• Experience America
• Great American Vacation
• Ingrid Jacques
• Nicole Russell
• Meet the Opinion team
• How to Submit
• Obituaries Obituaries
• Contributor Content Contributor Content

Personal Loans

Best personal loans

Auto Insurance

Best car insurance

Best high-yield savings

CREDIT CARDS

Best credit cards

Advertiser Disclosure

Blueprint is an independent, advertising-supported comparison service focused on helping readers make smarter decisions. We receive compensation from the companies that advertise on Blueprint which may impact how and where products appear on this site. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Blueprint. Blueprint does not include all companies, products or offers that may be available to you within the market. A list of selected affiliate partners is available here .

Ethereum price today: ETH is trading at $3,458.59

Wayne Duggan

Farran Powell

“Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy.

Published 8:55 a.m. UTC July 2, 2024

• path]:fill-[#49619B]" alt="Facebook" width="18" height="18" viewBox="0 0 18 18" fill="none" xmlns="http://www.w3.org/2000/svg">
• path]:fill-[#202020]" alt="Email" width="19" height="14" viewBox="0 0 19 14" fill="none" xmlns="http://www.w3.org/2000/svg">

Editorial Note: Blueprint may earn a commission from affiliate partner links featured here on our site. This commission does not influence our editors' opinions or evaluations. Please view our full advertiser disclosure policy .

Jack Taylor, Getty Images

What is the price of ethereum today?

The price of ethereum, or 1 ETH, traded at $3,458.59, as of 8 a.m. ET. The highest intraday price that ethereum reached in the past year was $4,088.00 on March 12, 2024.

Ethereum chart

The chart above is pulling data as of 8 a.m. ET daily and doesn’t display intraday highs or lows.

Although ethereum is not the first altcoin, it’s the most popular and successful. The cryptocurrency was launched in 2015. Its blockchain has generated tremendous growth and returns over the past nine years.

Ethereum prices

*The chart above is pulling data as of 8 a.m. ET daily and doesn’t display intraday highs or lows.

Ethereum’s 52-week intraday high was on March 12, 2024, trading at $4,088.00 per ETH. Its 52-week intraday low was $1,500.00 on Aug. 17, 2023.

The leading altcoin has shifted global financial markets and amassed a global market capitalization of $414.33 billion. ETH is currently up 76% year over year.

Ethereum market cap

Today, ethereum's $414.33 billion market capitalization is second to bitcoin's. Together, bitcoin and ethereum represent 71% of the entire cryptocurrency market . While ethereum is the leading altcoin, other altcoins have relatively high market capitalizations. A few include solana with a market cap of $86.58 billion, XRP at $48.56 billion and everyone’s favorite “meme” coin DOGE at $17.96 billion.

Bitcoin and ethereum's combined crypto market dominance has fluctuated over the years. But it has trended steadily higher since late 2022.

Ethereum's market cap of $414.33 billion is similar to some major blue-chip stocks , such as UnitedHealthcare Group (UNH) at $455.12 billion and Mastercard (MA) at $406.35 billion.

What is ethereum?

Ethereum is a blockchain-based network created to facilitate secure, decentralized financial transactions. The network's native cryptocurrency is ether.

Unlike bitcoin, ethereum’s programmable blockchain allows users to securely verify and execute code, including smart contracts and decentralized applications. Smart contracts on the ethereum network are software applications that run automatically on the blockchain when certain predetermined conditions are met.

The ethereum network's decentralized nature allows developers to run programs without relying on Big Tech companies or other third parties. Rather than running software on cloud servers housed in massive data centers owned by Google, ethereum users can run applications by leveraging ethereum's large network of small, private computers.

Applications on the ethereum blockchain include gaming, socializing, gambling and decentralized finance options. The ethereum blockchain is also home to the world's most significant nonfungible tokens . NFTs are unique digital creations representing ownership of digital property, such as a work of art, song or video.

Ethereum gas price

Ethereum gas is the fee network users pay to process transactions or use smart contracts on the network. Gas fees are akin to highway tolls. Users pay these fees to use the ethereum blockchain.

The unit of measurement for gas fees is gwei. One gwei equals one billionth of one ETH.

Ethereum price history

Ethereum prices 2015-2020.

Like bitcoin and other leading cryptocurrencies, ethereum had humble beginnings. Shortly after its launch in July 2015, ETH hit its all-time low of 42 cents in October 2015.

The popularity and trading volumes of cryptocurrencies started to snowball in 2017. ETH prices reached $1,000 for the first time in January 2018. The crypto ultimately peaked at around $1,300 less than two weeks later.

CME Group's announcement that it would launch bitcoin futures contracts drove ethereum’s 2017 rally. They were the first cryptocurrency-related products offered by a regulated U.S. financial institution.

Enthusiasm for cryptocurrency died down in 2018. That led to one of several crypto winters in the past decade.

The next crypto boom began in 2020. This time, ETH's parabolic rise was partly driven by government shutdowns of sports, casinos, and other leisure and entertainment options. Multiple government stimulus checks also left many Americans with extra disposable income to buy crypto.

Ethereum prices 2021-2024

Ethereum prices reached $4,891.70 on Nov. 16, 2021. But rising interest rates cooled investor enthusiasm for risk assets in 2022. A string of crypto industry layoffs and bankruptcies weighed on crypto prices, culminating in the bankruptcy of leading cryptocurrency exchange FTX in November 2022. ETH prices dipped below $900 during the 2022 crypto winter.

The ethereum rally resumed in 2023 and into 2024 as investors grew more optimistic about the U.S. economic outlook. The Securities and Exchange Commission’s approval of several bitcoin spot ETFs in January 2024 further bolstered ethereum prices.

On May 23, 2024, the SEC approved applications to allow the CBOE, Nasdaq and NYSE to list ether ETFs. The decision affects funds proposed by the following fund houses: Fidelity, Ark 21 Shares, Grayscale, BlackRock, Franklin, Invesco and VanEck.

Ethereum price vs. bitcoin price

Since ethereum’s launch in 2015, there's no question that bitcoin and ETH have been spectacular investments.

The past year’s enthusiasm for bitcoin spot ETFs has reversed the performance gap between the two major cryptos. The price of bitcoin is up 105% year over year, compared to a 76% gain for ethereum.

How to buy ethereum

You can buy ethereum on popular cryptocurrency exchanges like Binance , Coinbase and Kraken. Ethereum trades under the symbol ETH. There are also online brokerages that support cryptocurrency trading, such as Robinhood , Interactive Brokers and Webull.

In addition, you can buy ethereum through leading payment apps Venmo and PayPal. Finally, ethereum can be bought directly by searching for a physical cryptocurrency ATM that sells ether.

How to store ethereum

Anyone buying ethereum directly must store their ETH in a cryptocurrency wallet . This is much like storing paper money in a physical wallet.

Private keys are needed to send or receive cryptocurrency in a digital wallet. The person who controls a wallet's private keys controls all the cryptocurrency associated with the wallet.

Ethereum wallets can be hardware wallets resembling USB sticks or software wallet apps that store ETH on a smartphone or another device. Hot wallets are connected to the internet, while cold wallets are not. Hot wallets are generally considered more convenient, but cold wallets can be safer and more secure.

Ethereum ETFs

In addition to buying ethereum directly, you can indirectly speculate on the ethereum market via ethereum funds .

The SEC approved the first wave of ethereum futures ETFs in late 2023. These ETFs don't invest in ethereum directly but instead hold ethereum futures contracts. Leading ethereum futures ETFs include the VanEck Ethereum Strategy ETF (EFUT), the ProShares Ether Strategy ETF (EETH) and the Bitwise Ethereum Strategy ETF (AETH).

The popular Grayscale Ethereum Trust (ETHE) tracks the price of ETH. Currently, the fund holds about $11 billion in assets.

In May 2024, the SEC made a landmark decision that would allow ETFs to buy and hold ethereum. A similar decision was made for bitcoin ETFs in January 2024 in terms of spot holdings. The approval of ether ETFs indicates a softening toward some cryptos in their legal fights.

Frequently asked questions (FAQs)

Ethereum does not represent ownership of assets with tangible value and does not generate earnings, revenue or cash flow. ETH’s price is determined exclusively by supply and demand. If the popularity of the ethereum network continues to grow in the long term, demand for ethereum will likely grow over time.

Ethereum and other cryptocurrencies are extremely volatile. That makes it difficult to predict how its price will behave. Ethereum has performed exceptionally well overall since its launch in 2015. But past performance is no guarantee of future results.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy . The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Wayne Duggan is a regular contributor for Forbes Advisor and U.S. News and World Report and has been a staff writer for Benzinga since 2014. He is an expert in the psychological challenges of investing and frequently reports on breaking market news and analyst commentary related to popular stocks. Some of his prior work includes contributing news and analysis to Seeking Alpha, InvestorPlace.com, Motley Fool, and the Lightspeed Active Trading blog. He’s the author of the book "Beating Wall Street With Common Sense," which focuses on practical investing strategies to outperform the stock market. He resides in Biloxi, Mississippi

Farran Powell is the lead editor of investing at USA TODAY Blueprint. She was previously the assistant managing editor of investing at U.S. News and World Report. Her work has appeared in numerous publications including TheStreet, Mansion Global, CNN, CNN Money, DNAInfo, Yahoo! Finance, MSN Money and the New York Daily News. She holds a BSc from the London School of Economics and an MA from the University of Texas at Austin. You can follow her on Twitter at @farranpowell.

• North Carolina
• Credit card
• All buying guides
• All countries
• Netherlands
• Switzerland
• UAE & Dubai
• All wallet guides
• Offline & cold
• Ledger Nano X review
• Basics of bitcoin
• History of bitcoin
• Bitcoin glossary
• Crypto tax guides
• Bitcoin, crypto & finance stats
• Bitcoin volatility index
• Track the bitcoin halving
• How many bitcoin users are there?
• View all tools
• View all charts
• Wallet Consulting
• How does mining work?
• Mining pools
• Hardware and ASICs
• Mining software
• Is bitcoin mining profitable?
• Mining by country
• Mining stats
• Largest public miners
• Hash rate converter
• All mining guides

Buy Crypto & Bitcoin in California

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure .

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. BuyBitcoinWorldwide.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

• Trusted exchange with 25+ million users
• Easy to use to buy
• The interface is clean and many coins supported
• You cannot deposit cryptocurrency, but you can deposit with other payment methods

Unchained offers a secure way to buy bitcoins, with human help.

They also offer Bitcoin IRAs and inheritance planning.

• Tax-advantaged Bitcoin savings
• Can also setup secure storage
• No simple wallet

Kraken is one of the largest Bitcoin exchanges in the USA, and supports residents of California. It supports Bitcoin, Ethereum and dozens of other coins. It has some of the lowest fees of any Bitcoin exchange. Visit Kraken's Website

• Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
• Very low maker fee, falling to 0% with sufficient trading volume
• Highly-rated for security and data protection
• Requires ID verification, so not private

Bitcoin ATMs in California

You can use our Bitcoin ATM map to find a Bitcoin ATM machine in California. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%. View Bitcoin ATMs in California

Crypto exchange established in 2015. United States residents can buy bitcoin & crypto via wire transfer, credit card, debit card and ACH transfer.

• Ability to also buy gold and silver

Gemini is one of the most trusted exchanges operating in California. Californians can fund their Gemini account using both ACH or Bank Wire transfer. Best of all, verification is fast and if you run into any trouble, Gemini is known for fantastic customer service. Visit Gemini's Website

• Trustworthy and regulated exchange
• Instant deposit lets you buy coins quickly (but not withdraw them)
• Some of the lowest fees in the US and Canada
• Somewhat confusing to use for new buyers

Bitcoin IRA

Bitcoin IRA offers a tax-advantaged way to acquire Bitcoin via an IRA.

• Easy to set up an account
• Cannot custody the Bitcoin yourself

Coinbase is one of the largest exchanges, with over 100 million users. USA users can buy bitcoins and crypto fast and easily using Coinbase's free app or on its website. Coinbase also offers a free wallet for its users. Eligible US residents (excluding Hawaii) who successfully create an account and purchase crypto will receive $5 in Bitcoin (BTC) added to their Coinbase portfolio. Visit Coinbase's Website

• Trusted exchange with 100 million+ users
• Based in the USA; with a free wallet included
• App available on Apple App Store & Play Store
• Easy to use but fees can be high
• Coinbase may track how and where you spend your bitcoins

River makes it easy to buy bitcoin. It has a clean interface, low fees and allows for automatic purchases. It currently offers its services in all US states besides New York and Nevada. Be sure to read our River Financial review . Visit River's Website

• Very clean interface
• Unique recurring buy feature
• Bitcoin-only, no support for other coins

Coinbase Advanced Trader

Coinbase's exchange, Coinbase Advanced Trader (formerly called Coinbase Pro), is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Advanced Trader offers good prices and low fees, but its confusing user interface may initially prove difficult to navigate. Visit Coinbase Advanced Trader's Website

• Some of the lowest fees available for US and EU customers
• Possible to buy bitcoins for 0% fees
• The user interface is confusing for first-time buyers

Bitcoin ATMs

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%. View Bitcoin ATMs

• Our map makes it super easy to find a Bitcoin ATM near you
• Bitcoin ATMs often have 5-10% fees per purchase

We maintain our own database of Bitcoin ATMs in the beautiful state of California. Here is a list of the ATMs we've gathered in our research. You can submit an ATM to us by using our contact form .

List of ATMs in California

The ATM is located inside the gas station.

The ATM is located inside the Mobil station.

Bitcoin & Cryptocurrency Trading in California

California, home to Silicon Valley and a large chunk of the U.S. tech industry, is unsurprisingly at the forefront of Bitcoin and cryptocurrency development.

In addition to the startup culture and deep talent pool:

California also has the most venture capital funding of any state in the U.S., making it easy (or easier) for good ideas to get the support they need.

Regulation & Exchanges

Why have exchanges thrived in California?

• Minimal Regulation : Exchanges have grown due to lax regulations, unlike New York's restrictive BitLicense which caused many companies to exit.
• California - The 'Crypto-Ready' State : Recent reports have dubbed California as the most 'crypto-ready' based on Crypto ATM availability, Google searches on crypto, and state legislation.
• Ranking Drawbacks : California's regulatory challenges and the idea that the number of crypto ATMs might not be the best Bitcoin adoption metric.
• Notable Cryptocurrency Exchanges : Coinbase and Kraken are both headquartered in San Francisco. Kraken left New York after BitLicense. Both have been instrumental in drafting California's crypto laws.

Crypto Adoption in California

• High Adoption Rates : According to CoinTracker, 6 of the top 10 US cities with most crypto users are in California: San Francisco, Santa Clara, Mountain View, Sunnyvale, Palo Alto, San Mateo.
• State Initiatives : California Attorney General's November 2022 initiative: A website to educate residents on crypto purchase, trading, and scam avoidance.

Satoshi in Suburbia?

One of the more bizarre chapters of Bitcoin history also took place in California, when a media circus descended upon a retired physicist's house in Temple City, half an hour east of Los Angeles.

The saga began with an article in Newsweek that pointed the finger at Dorian Nakamoto, originally named Satoshi Nakamoto from Japan, as the mastermind behind Bitcoin.

• Education and Career : After earning his degree from Cal Poly Pomona, Nakamoto contributed to classified defense projects and later transitioned into IT and financial sectors as a computer systems engineer.

Dorian Nakamoto's initial response to Newsweek's inquiry about his Bitcoin involvement was somewhat cryptic:

• "I am no longer involved in that and I cannot discuss it. It's been turned over to other people. They are in charge of it now. I no longer have any connection."

However, after the article became a media sensation, Dorian Nakamoto clarified his position.

• He outright denied any connection to or knowledge of Bitcoin.
• The statement "I am no longer involved with it" was explained as him referring to past confidential work in government and private sectors, not the famed cryptocurrency.

The true identity of Satoshi Nakamoto remains one of the tech world's most tantalizing mysteries. Was Dorian Nakamoto's episode the closest we've come to unveiling the legend, or just another testament to our desire to personify the enigma? The conclusion is yours to draw.

How to Buy Bitcoin in California

One of the easiest ways to buy Bitcoin in California is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in California, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet.

Another way to buy Bitcoins and other popular cryptocurrencies in California is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin. This makes them more private than exchanges.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. Similar to Craigslist, this does introduce a degree of risk,. You can minimize that risk by conducting all business on the platform, making use of its escrow services, and only trading with users who have a good reputation.

Hacks and Crypto Scams in California

In good news for Californian Bitcoiners, neither Coinbase nor Kraken - the state's two largest exchanges - have been compromised to date. Kraken has played an important role in the investigation and distribution of reclaimed funds from the Mt Gox hack , one of the largest exchange hacks so far.

While there may have been no exchange hacks, there have definitely been individuals caught using crypto for illegal purposes, whether it's scamming investors or laundering money.

One Southern Californian man, who went by the username of Superman29, pled guilty to laundering somewhere between $15 and $20 million over a period of five years, from December 2014 to his arrest in November 2019. Kais Mohammad accepted cash from customers and laundered it through a network of Bitcoin ATMs that he owned, located in Orange, Los Angeles, Riverside, and San Bernadino counties.

Undercover agents processed multiple transactions on Mohammed's ATMs, all of which should have been reported to FinCEN - the Financial Crimes Enforcement Network. An agent also met with Mohammed in person and gave him $16,000 which he said had been obtained by illicit means. He received in return 1.58592 BTC, without the transaction being flagged. Mohammed pleaded guilty and now faces up to 30 years in federal prison.

Another case that occurred in California highlights the importance of app-based or hardware two-factor authentication in securing your account. A group of hackers, many of them just teenagers, stole more than $35 million worth of crypto from 50 victims by SIM swapping their phone numbers and gaining access to exchange accounts.

SIM swapping involves using social engineering to convince a telephone provider like AT&T or Verizon to port a particular phone number over to a new SIM card, one in the control of the scammer. Once complete, the scammer can receive all SMS verification codes, which can be used to change account passwords and authorize withdrawals.

While the blame rests squarely on the fraudsters, this kind of attack wouldn't be possible if the victims had kept their funds in a secure wallet rather than a web-based exchange. Hackers will never be able to access your Bitcoin wallet via SIM swapping if you keep your private key to yourself.

In this case, some of the attackers were brought to justice and punished to the full extent of the law. Joel Ortiz, 21, was sentenced in a Santa Clara court to 10 years in prison for what was the first prosecuted case of SIM swapping in the U.S.

The takeaway for crypto users is simple: Use a secure form of two-factor authentication (2FA), and keep any funds you're not willing to lose in a secure wallet, with hardware wallets being among the safest.

Where Can I Find a Bitcoin ATM in California?

California is exceptionally well served with Bitcoin ATMs. There are hundreds in the state, meaning you should never be too far from an ATM if you need to buy or sell Bitcoin in person. Many machines also support a handful of the next largest digital assets, such as Ethereum (ETH) and Litecoin (LTC).

You can use our Bitcoin ATM finder tool to find the one nearest you.

What Can I Buy With Bitcoin in California?

It has not always been easy to find retailers willing to accept Bitcoin outside of some niche industries, and of course the numerous darknet markets that began with the Silk Road and have proliferated since then.

In the last few years, however, more and more stores have been offering payment with crypto. The Microsoft Store supports payment with Bitcoin, and Overstock.com's partnership with Coinbase allows you to pay for any of their products with crypto.

Source: CoinMap.org of California

Coinmap has a list of brick and mortar retailers that accept Bitcoin for payment.

A number of charities accept Bitcoin for donations. Wikileaks and Wikipedia are two of the biggest and best known. The Tor Project accepts Bitcoin donations, and in addition to BTC the Electronic Frontier Foundation also takes DAI, Dash, Ethereum, Litecoin, Ripple, and Zcash.

Some big news recently has massively expanded the number of businesses where you will be soon able to spend your Bitcoin. PayPal - a California company headquartered in San Jose - announced in October 2020 that customers will be able to buy and sell Bitcoin, Ethereum, Litecoin, and Bitcoin Cash within their platform. Additionally, you will be able to spend your crypto at all of the 26 million sellers around the world, whether it's paying for your monthly Netflix subscription or shopping on eBay. This feature - which is scheduled to launch in the U.S. in early 2021 - is a giant leap toward mainstream Bitcoin usage and adoption.

How Can I Mine Bitcoin in California?

Bitcoin mining is the process of using a computer to perform the difficult calculations that secure the network and make Bitcoin a proof of work cryptocurrency.

While in the early days of Bitcoin you could earn sizable amounts of Bitcoin (and many people did) with just a desktop computer, these days the emergence of commercial mining farms with specialized hardware has made that all but impossible. Still, there are software programs you can run on any computer if you wish to see how it works just for curiosity's sake.

Which California Banks Support Bitcoin Wallets?

With more and more institutions getting into crypto - and especially Bitcoin - you might be wondering if you can custody your own BTC with a bank. It's easy to imagine a future where you can log in to your online banking and simultaneously see that your paycheck has come through while watching the value of your crypto portfolio.

That future, however, is not a reality just yet. Banks do not currently offer cryptocurrency wallets to retail investors. You'll need to secure your holdings with one of the many great wallets outlined above.

There has definitely been a large amount of progress in that direction, though. Every year it gets easier to invest in Bitcoin, and crypto services become more and more beginner friendly. JPMorgan's recent announcement that it will be providing banking services for Coinbase and Gemini is a sign that big things may be just around the corner.

How Much Does It Cost To Get a Bitcoin ATM in California?

Bitcoin ATMs vary widely in price depending on the features you need.

Let's take for an example General Bytes' BATMThree. The base model starts at $5999, without delivery.

Adding an internal safe to the machine which secures cash with a code lock will add $1270.

A maximum input capacity of 600 banknotes is standard. Room for 1200 notes will cost an extra $313, and 2200 notes $600. Output volume (for cryptocurrency sale transactions) begins at 0 and goes up to 3100 banknotes, which will add $3150 to the model's price. A banknote recycler allows the machine to output banknotes inputted by customers and costs $958.

NFC-equipped card output ($300) allows the machine to dispense NFC cards which store private keys. This is like a paper wallet, but more durable.

Finally, you can also opt for a GSM alarm ($199), which includes a siren, SMS notifications, and a GPS tracker.

A BATMThree will cost $11,518. You may not require any or all of these optional extras, depending on the purpose you've got in mind for your Bitcoin ATM.

There are plenty of models on the market, some intended to sit on a countertop while others take up as much room as a traditional ATM.

Who Regulates the Bitcoin Exchanges in California?

Bitcoin and cryptocurrency exchanges in California are regulated on the state level by the State Assembly, which has passed a number of bills relating to cryptocurrencies and digital assets.

First, in 2014, was Assembly Bill 129 , which removed an obsolete ban on Bitcoin and allowed it to be used for purchasing goods and transmitting payments.

In 2015, AB 1326 was approved 55-32. This legislation called for digital currency companies (exchanges being the largest in this category) to be regulated similarly to banks. The bill enacts the Digital Currency Business Enrollment Program, which is administered by the Commissioner of Business Oversight who is in charge of defining rules and regulations relating to cryptocurrency companies. Crypto firms were mostly happy with this legislation, as it provided a wide range of exemptions and only applied to businesses that maintained full custody of client funds or operated as exchanges. Additionally, it did not lay out any specific restrictions or requirements, but rather opened up a pathway for stakeholders to consult with the Commissioner of Business Oversight.

Cryptocurrency operations in California are also subject to federal law, such as the Bank Secrecy Act of 1970 and various other anti-money laundering statutes.

BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines .

• Bloomberg - JPMorgan Is Now Banking for Bitcoin Exchanges Coinbase, Gemini, https://www.bloomberg.com/news/articles/2020-05-12/jpmorgan-is-now-banking-for-bitcoin-exchanges-coinbase-gemini
• BBC - PayPal allows Bitcoin and crypto spending, https://www.bbc.com/news/technology-54630283
• CA.gov - AB-2269 Digital financial asset businesses: regulation.(2021-2022), https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB2269
• Newsweek - The Face Behind Bitcoin, https://www.newsweek.com/2014/03/14/face-behind-bitcoin-247957.html

About the Author

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University and holds an online degree in trading & cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.

We Help The World Buy Bitcoin

• Media Mentions
• Privacy & Cookies
• Editorial Guidelines
• Buying Guides

Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading.

Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website.

Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites.

Wallabit Media LLC and/or its owner/writers own Bitcoin.

Registered Address: 530-B Harkle Road Ste 100 Santa Fe, NM 87505

All Types of Payment Methods Business Owners Need to Know [+Data]

Published: June 26, 2024

As a freelancer, I have to accept many types of payments from my clients. Some prefer to pay via credit card, while others can set up ACH payments for direct deposit. I’m not too picky about how they want to pay as long as I get paid.

This is my approach because I want to make sure it’s as easy as possible for clients to pay. Not only does this help maintain a steady cash flow, but it also keeps my clients happy by removing any hassles.

This payment process doesn’t just apply to freelancers like me. For all business owners, being flexible with the different types of payments you accept helps create satisfied customers and ensures you don’t have any issues getting paid for your goods or services.

There are many ways customers can pay these days. To make sure you’re aware of the different payment types, I’m breaking down the most common forms of payment and how to choose the right one for your business.

Table of Contents

What is a payment?

What are the different types of payments, how to accept payments, how to choose the right payment type for your business.

A payment is a transfer of money in exchange for goods or services for an agreed-upon amount. Payments can be made online or in person, depending on what type of business you have.

Free Sales Pricing Strategy Calculator

Determine the best pricing strategy for your business with this free calculator and template.

• Cost-Plus Pricing
• Skimming Strategy
• Value-Based Pricing

Download Free

All fields are required.

You're all set!

Click this link to access this resource at any time.

We’ve come a long way since the days when payments were limited to cash or check. There are many different ways to pay or accept payments, both in person and online.

In my experience, there are benefits to each of these, depending on your business type. Let’s go over eight common types of payments available to businesses and customers.

Credit Card

Credit cards are the most common type of payment, according to data from Statista . Businesses can accept credit card payments both in person and online, making it a quick and convenient way for customers to make purchases or pay for services.

To accept credit card payments as a business, you need to have a payment processor, whether that’s an online payment gateway or a POS system for in-person purchases. You’ll also need a merchant account.

If you’re accepting a credit card payment in person, your POS will automatically capture the customer’s information once they swipe or tap their card. If a customer is paying online using a credit card, they will have to manually enter their card information. Keep this in mind for your ecommerce website — your payments page should be optimized for mobile to make entering this information easier for customers doing this on their phones.

What you need to know: Credit card payments have fees associated with every transaction. The fees vary depending on what payment processor you use, so do your research into different payment processors to understand exactly what the fees will be.

Like credit cards, debit cards are another popular and commonly used form of payment. If your payment processor can accept credit card payments, it should also be set up to accept debit cards.

The difference is that debit card payments aren’t attached to a line of credit. Instead, funds are directly pulled from a customer’s bank account. Debit cards are essentially a form of cash in that the payment happens instantly.

What you need to know: Debit card payments don’t have fees associated with transactions, making them ideal for both the customer and the business.

Automated Clearing House (ACH)

Automated Clearing House (ACH) payments are a form of electronic bank transfers. Also called bank payments, ACH involves paying directly from one bank to another.

This type of payment is useful for business-to-business transactions. For instance, if you sell services to another business like I do as a freelancer, ACH payments are convenient and easy to set up. ACH is used for direct deposit, a term you’re probably familiar with as either a business or an employee.

What you need to know: ACH payments are best for B2B payments or any business that pays a vendor for services.

Digital Payments

According to McKinsey, 9 out of 10 consumers say they used some form of digital payment over the past year. Digital payments include payments made through platforms like PayPal, Venmo, CashApp, or Zelle.

What you need to know: These payments are made through electronic funds transfers and there are fees associated.

Don't forget to share this post!

Related articles.

Recurring Payments: What Are They and How to Accept Them

The 15 Best Credit Card Processors for Small Businesses

ACH API: What it is + How to Use it [+ Who Should Not]

What is ACH credit [+ Is It Safe to Use?]

Why Text-to-Pay Is The Future, According to Podium’s Payments Lead

B2B Payments: What Are They + How To Get Started

Everything You Need to Know About Payment Gateways

Payment Links: How to Use Them + Best Pay Link Providers

7 Best Buy Now Pay Later Sites of 2022 Ranked and Reviewed

What is eCheck Payment Processing? + How It Helps Grow Your Business

Start accepting payments quickly, securely, and easily.

Powerful and easy-to-use sales software that drives productivity, enables customer connection, and supports growing sales orgs