If you’re looking to mine for Bitcoins then ButterFlyLabs.com is the site you want to visit. But, what about being able to hold your Bitcoins in your hands? Well, this might just be a possibility somewhere in the near future. As a matter of fact, users are able to store their coins in a physical wallet or paper wallet. This wallet allows for the storage of Bitcoins in the real world as a physical document that can be secured like cash and many consider that there are plenty of benefits that can come from using these.
The way a Bitcoin paper wallet works is by having the coin addresses and private keys printed directly on a piece of paper and then sending Bitcoins from a “live” wallet to the printed wallet’s public address for protection. These wallets are one of the safest ways to store Bitcoins especially if good security practices are met. However, there is still much that can be improved in this area. Physical bitcoin wallets are currently in the market and even while this crypto-currency works just fine online it could surely benefit from more widespread adoption.
In addition to paper wallets, users can also store their Bitcoins in cards that are similar to the normal credit and debit cards we all know but that are connected to Bitcoin wallets. There are no coins available on the Bitcoin card as it is used as a intermediary between the card manufacturer’s servers and the merchant. Bitcoin Hardware Wallets are also another source to store coins. These wallets make it easier for users to hold Bitcoins without the fear of having them stolen by malicious software on their own personal computers.