Litecoin paper wallet, The safest way to store your precious Litecoins outside of a computer or electronic device witch can be stolen or hacked. A paper wallet is actually just a piece of paper with the Wallet hash and the private key printed on it.
Personally I prefer to keep 70% of my funds on my paper wallet because then I know someone cannot steal my coins and i am also safe from Hard Disk Failure or similar problems.
In this guide we’ll generate a paper wallet on offline computer (Mac / Linux Preferred) using Liteaddress service. For a complete anonymity you can use other ways like a clean fresh installed OS, Linux live boot disk or a newly installed Virtual Machine (VMware).
Warning : Following instructions are fully tested by ourselves and community members. If this is your fist time, then read this guide 3-4 times and then generate paper wallet on your own.
First do a small deposit and withdraw transaction to check if the paper wallet is working for you or not.
Instructions To Generate Litecoin Paper Wallet :
Step 2. Boot your completely offline OS or Linux Live CD, whatever you find comfortable.
Step 3. Put your flash drive in and open the .html file you saved. Now you can safely generate your keys without any online interaction. You don’t have to go online!
Step 4. Print your keys on paper and secure them in a safe place. You can also save the webpage as a .pdf file to keep a digital backup on a flash drive.
Step 5. First key is your Litecoin Address, you can transfer your Litecoins to this address, which is printed down on paper and hasn’t ever touched the Internet.
Step 6. That’s it. Now secure your paper wallet to a safe place.
Also Check Second Part : Guide To Import And Redeem Litecoin Paper Wallet
Note : 1. Paper wallets should be produced on a computer not connected to the Internet.
2. It’s proven that antivirus software cannot completely rule out the possibility of malware. However, using bootable Linux CD prevents the vast majority of malware from being able to run.
3. The private keys of paper wallets should never be saved to a computer hard drive, online cloud service or e-mail etc.