Storing cryptocurrency safely is a top priority for every digital asset holder. If you're looking for a secure, offline method to safeguard your Bitcoin (BTC) and Ripple (XRP), a paper wallet might be the perfect solution. This guide walks you through the complete process of creating, checking balances, and withdrawing from paper wallets for BTC and XRP — all while emphasizing security best practices.
Whether you're concerned about exchange vulnerabilities or simply want full control over your private keys, this step-by-step tutorial ensures you can manage your crypto with confidence.
What Is a Cryptocurrency Paper Wallet?
A paper wallet is a physical document that contains your cryptocurrency public address (for receiving funds) and private key (for accessing and spending funds), typically printed in both QR code and alphanumeric formats. Since it’s entirely offline, it’s classified as a cold storage method — making it highly resistant to hacking and online threats.
⚠️ Important: Once you import the private key into an online wallet to withdraw funds, the security of that paper wallet is compromised. Always transfer the full balance in one go and avoid reusing the same address.
This guide focuses on Bitcoin (BTC) and Ripple (XRP). While Ethereum (ETH) and NFTs require different handling, secure storage options like hardware or smart-contract wallets are recommended for those assets.
How to Create a Bitcoin (BTC) Paper Wallet
Creating a Bitcoin paper wallet is simple and free. Follow these steps to generate a secure offline wallet.
Step 1: Generate a Bitcoin Address Using BitAddress
- Visit bitaddress.org — an open-source tool for generating Bitcoin addresses.
- For maximum security, disconnect from the internet before opening the site. Save the page locally if needed.
- Move your mouse randomly across the screen to generate cryptographic entropy. The process completes at 100%.
Once complete, you’ll see:
- Public Address (Bitcoin Address): For receiving BTC.
- Private Key: Grants full access to funds — keep this secret.
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Step 2: Print Your Bitcoin Paper Wallet
- Click "Print" to create a hard copy.
- Consider using "Paper Wallet" mode for a more organized layout.
Optionally enable BIP38 encryption:
- Check “BIP38 Encrypt?”
- Enter a strong passphrase.
- This adds an extra layer of protection — even if someone finds your paper, they can’t spend funds without the passphrase.
🔐 Note: If you use BIP38 encryption, ensure your withdrawal wallet supports it. Losing the passphrase means permanent loss of funds.
Step 3: Send Bitcoin to Your Paper Wallet
- Copy your public Bitcoin address or scan its QR code.
- Initiate a transfer from your exchange or hot wallet.
- Confirm the transaction via blockchain explorer later.
Wait for confirmation — once complete, your BTC is securely stored offline.
How to Create a Ripple (XRP) Paper Wallet
Unlike Bitcoin, XRP requires specific considerations due to network activation rules.
Step 1: Generate an XRP Address Using Bithomp
- Go to bithomp.com/paperwallet.
- Disconnect from the internet for added security.
The tool instantly generates:
- Secret Key (Private Key)
- XRP Address (Public Address)
- Click "GENERATE NEW" to create a fresh wallet.
Step 2: Print Your XRP Paper Wallet
- Click "PRINT" to save a physical copy.
- Store it in a secure, dry location — fireproof and waterproof containers are ideal.
- Unlike BTC, XRP paper wallets don’t support BIP38 encryption.
Step 3: Send XRP to Your Paper Wallet
- Transfer XRP from your exchange to the generated public address.
⚠️ Minimum Requirement: Send at least 11 XRP.
- 10 XRP is reserved to activate the wallet on the XRP Ledger.
- Only amounts exceeding 10 XRP are spendable.
📌 Reminder: No destination tag is required when sending to a paper wallet.
How to Check Your Paper Wallet Balance
You can check your balance anytime without compromising security — just use a blockchain explorer.
Check Bitcoin (BTC) Balance
- Visit blockchain.com/explorer.
- Paste your public Bitcoin address into the search bar.
- View the Final Balance — this reflects your current holdings.
No private information is exposed during this process.
Check Ripple (XRP) Balance
- Go to bithomp.com/explorer.
- Enter your XRP public address.
Review the results:
- Available: Spendable balance (total minus 10 XRP reserve).
- Reserved: The 10 XRP locked for activation.
If your balance is under 10 XRP, the wallet won’t appear active on the ledger.
How to Withdraw from Your Paper Wallet
Withdrawing funds requires importing the private key into a compatible hot wallet. Remember: this exposes the key online — do it only once and move all funds.
Withdraw Bitcoin (BTC) Using BlueWallet or Bitcoin Wallet
Option 1: BlueWallet (iOS & Android)
- Download BlueWallet from the App Store or Google Play.
- Open the app → Tap "Add Wallet" → Select "Import Wallet".
- Scan the private key QR code or enter it manually.
- If BIP38 encrypted, enter your passphrase.
- Once imported, tap "Send", enter recipient address and amount.
- Confirm transaction — fees apply based on network congestion.
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Option 2: Bitcoin Wallet (Android Only)
- Install Bitcoin Wallet from Google Play.
- Tap the menu icon → Select "Sweep Paper Wallet".
- Scan the private key QR code.
- Enter BIP38 passphrase if used.
- Tap "Sweep" to import all funds.
- Send BTC to your desired address.
💡 Pro Tip: BlueWallet is often preferred for lower fees and better UX.
Withdraw Ripple (XRP) Using XUMM Wallet
- Download XUMM Wallet (iOS/Android).
- Open the app → Go to settings → Choose "Import Account".
- Enter your secret key manually or via QR scan.
- Confirm activation — your balance will sync instantly.
- Send XRP to any address, ensuring you leave at least 10 XRP behind (non-withdrawable reserve).
Use strong passwords and enable biometric login for added protection.
Advantages of Using a Paper Wallet
- ✅ High Security: No internet connection = no remote hacking risk.
- ✅ Cost-Free: Free to generate and use — no hardware costs.
- ✅ Full Control: You own your private keys — no third-party reliance.
- ✅ Simple Setup: Easy to create in minutes with no technical expertise.
For long-term holders who prioritize low-cost, secure storage, paper wallets offer a compelling option.
Disadvantages and Risks
- ❌ Physical Vulnerability: Paper can be lost, damaged by water/fire, or stolen.
- ❌ No Recovery Option: Lose the paper = lose access forever.
- ❌ Inconvenient Withdrawals: Requires manual import each time.
- ❌ Limited Compatibility: Few wallets support direct private key import, especially for encrypted keys.
For large holdings or frequent access, consider upgrading to a hardware wallet like Ledger or Trezor for enhanced durability and usability.
Frequently Asked Questions (FAQ)
Q: Is a paper wallet safe for long-term crypto storage?
A: Yes, if stored securely — but physical risks remain. Use fireproof safes and consider duplicates stored in separate locations.
Q: Can I reuse a paper wallet after withdrawing funds?
A: No. Once the private key is exposed online, the wallet is no longer secure. Always treat it as compromised after one use.
Q: What happens if I lose my paper wallet?
A: You lose access to all funds permanently. There’s no recovery mechanism — backups are essential.
Q: Can I create a paper wallet for Ethereum or NFTs?
A: Technically yes, but due to smart contract complexity and gas fees, hardware or custodial wallets like Argent are safer choices.
Q: Does printing a paper wallet expose my keys online?
A: Only if done on an infected or network-connected device. Print offline using air-gapped systems for maximum safety.
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Final Thoughts: Is a Paper Wallet Right for You?
Paper wallets provide an accessible, cost-effective way to store BTC and XRP securely offline. They’re ideal for beginners seeking full control without investing in hardware.
However, their vulnerability to physical damage and human error makes them less suitable for large portfolios or active traders.
For optimal security, combine cold storage methods:
- Use paper wallets for small, long-term holdings.
- Upgrade to hardware wallets for significant investments.
- Always maintain multiple secure backups of your keys.
By understanding both the power and limitations of paper wallets, you can make informed decisions that protect your digital wealth for years to come.