Cryptocurrency Security: Cold Storage & Paper Wallets

Name: Cryptocurrency Security: Cold Storage & Paper Wallets
Rating: 4.5 (6 reviews)

Bitcoin wallet security with cold storage like paper wallets, hardware wallets, and password management

Created byAlex Genadinik

Last updated 4/2023

English

English [Auto],

What you'll learn

Learn about cold storage for Cryptocurrency
Create a paper wallet
Put Cryptocurrency in your paper wallet
Learn about hardware wallets
Learn about Cryptocurrency security
Learn about managing and creating private and public keys

Course content

4 sections • 13 lectures • 1h 3m total length

Introduction - we'll cover hardware wallets and cold storage on paper2:38
Explore cryptocurrency security through offline storage, covering paper wallets and hardware wallets, and learn how to move funds offline to protect against online hacks.
Explaining Cryptocurrency private and public keys9:58
Understand how private keys control your cryptocurrency, how public keys function as addresses, and how custody choices—from self custody to exchanges like Coinbase—affect access, ownership, and risk.

Cryptocurrency cold storage overview6:37
Understand how cold storage keeps private keys offline to reduce online hacking risk, and contrast custodial online wallets with offline hardware and paper options.
Explaining hardware wallets3:51
Explore how hardware wallets store private keys offline and protect funds. Learn about their chips and screens, two factor authentication pins, and the value of reputable brands with backups.
Creating your own public and private keys for cold storage5:14
Create your own Bitcoin public and private keys for cold storage using bit address dot org, generate a paper wallet offline, print secure addresses, and learn basic key security.
Sending money to our offline paper wallet5:53
Send one satoshi to an offline paper wallet by copying the public address, then track the transaction on blockchain.info while recognizing not your keys, not your coins.
Checking if our transaction succeeded1:08
Check your transaction by pasting the public key into Blockchain.com to verify bitcoin address and received balance, confirming the offline wallet was created and funds were sent within ten minutes.
Important for security: sweeping vs. importing wallets9:17
Learn the difference between sweeping and importing private keys to move funds from paper wallets to online wallets, with sweeping the recommended approach that creates a new private key.

Cryptocurrency exchanges hacks timeline2:29
Explore a timeline of cryptocurrency exchange hacks, highlighting hot storage risks, more than 2 billion dollars hacked, and the case for cold storage with hardware wallets.
Password management and security9:28
Increase password security for crypto and online accounts by using long, unique passwords with mixed case, numbers, and symbols; enable two-factor or multi-factor authentication and avoid reusing passwords.
BIP38 encryption5:51
Discover BIP 38 password encryption for private keys and how to encrypt and decrypt them for paper wallets, including testing with small amounts and password management.
Recap of what you can now do0:57
Securely handle cryptocurrency with cold storage, understand its pros and cons, compare methods, and protect funds with best practices, store sums for years and later move to a hot wallet.

Requirements

Description

Learn correct, good-practice ways to handle your Cryptocurrency.

In this course, you'll learn the most secure ways to store your digital assets, pitfalls of each method, and pros and cons of each method.

COLD STORAGE

Cold storage is when you store your Cryptocurrency offline so online hackers can't reach your Cryptocurrency. While this gives you security against hackers, it makes your Cryptocurrency susceptible to your own human errors or accidents like loss, theft, or simply forgetting where you put your offline wallet.

PAPER CRYPTOCURRENCY AND BITOIN WALLETS

This class focuses heavily on paper wallets because they are one of the common forms of cold storage. Paper wallets are what they sound like - you save your public and private keys on a piece of paper, and never share it online so hackers can't get to them. I'll show you how to do it correctly, and how to avoid common pitfalls when using paper wallets.

HARDWARE CRYPTOCURRENCY AND BITOIN WALLETS

Hardware wallets are another type of cold storage. Many hardware wallets are in the form of USB drives that are specifically made for storing and making transactions with Cryptocurrency.

DIVERSIFYING YOUR STORAGE TYPES?

It's OK to have some Cryptocurrency in offline wallets and some in online wallets. We'll discuss you can decide on what proportion is right for you for your lifestyle.

Invest in your future. Enroll today!

Who this course is for:

People who want to start in Cryptocurrency
People who want to learn to manage their Cryptocurrency securely

Cryptocurrency Security: Cold Storage & Paper Wallets

What you'll learn

Explore related topics

Course content

Welcome and introduction2 lectures • 13min

Types of cold storage6 lectures • 32min

Security topics4 lectures • 19min

Conclusion - thank you for being an amazing student1 lecture • 1min

Requirements

Description

Who this course is for: