Ethereum (ETH) remains one of the most widely held and actively used cryptocurrencies in the world. For users who value security and control over their digital assets, storing ETH in a cold wallet—a storage method disconnected from the internet—is a smart and increasingly popular choice. Among the simplest forms of cold storage is the Ethereum paper wallet, a physical document containing your private and public keys printed on paper.
Unlike hot wallets connected to online platforms, a paper wallet ensures your funds are immune to online hacking attempts. As long as the paper is kept secure, your ETH remains safe from cyber threats. This guide walks you through the secure, step-by-step process of creating your own ETH paper wallet, understanding key concepts, and using it effectively.
Why Use a Paper Wallet for Ethereum?
A paper wallet is a form of offline cryptocurrency storage that provides high security at minimal cost. It's ideal for long-term holders who want to protect large amounts of ETH without investing in hardware wallets.
Key Benefits:
- Complete offline storage: No exposure to malware or online attacks.
- Full user control: You are solely responsible for your keys—no third-party custody.
- Low cost: Free to create using trusted tools like MyEtherWallet.
- Portability: Can be stored anywhere physically secure—safe, lockbox, or even split and hidden.
👉 Discover how to safeguard your Ethereum with secure offline storage methods today.
Understanding Public and Private Keys
Before creating a wallet, it’s essential to understand two core components:
- Public Key (Address): This is like your bank account number. You can share it freely—anyone can send ETH to this address.
- Private Key: This acts as your password. Anyone with access to it can control your funds. Never share it.
In a paper wallet, both keys are printed on paper. While the public key enables receiving funds, the private key allows spending them. Losing either compromises your wallet—losing the private key means permanent loss of access.
Step-by-Step Guide to Creating an Ethereum Paper Wallet
Creating a secure ETH paper wallet involves careful preparation and execution. Follow these four critical steps:
Step 1: Accept Full Responsibility
Using a paper wallet means you are 100% responsible for security. There’s no customer support, no password recovery, and no way to reverse transactions.
If you lose your private key or accidentally expose it, your funds could be lost forever.
Treat your paper wallet like cash—store it securely, protect it from fire and water damage, and never photograph or upload it online.
Step 2: Access the Correct Website Securely
To generate your wallet, use MyEtherWallet (MEW)—a trusted open-source platform for managing Ethereum wallets.
⚠️ Warning: Only visit the official site directly. Scammers create fake versions of MEW to steal keys.
- Always verify the URL:
https://www.myetherwallet.com - Bookmark the site after confirming authenticity.
- Use a secure, private internet connection—avoid public Wi-Fi.
👉 Learn how to verify secure cryptocurrency platforms and avoid phishing traps.
Step 3: Create a Strong Password and Save It Safely
While MyEtherWallet doesn’t store your data, you’ll need a password to encrypt your wallet file (also known as a Keystore file).
Best Practices for Password Security:
- Use at least 15 characters.
- Mix uppercase, lowercase, numbers, and special symbols.
- Avoid dictionary words or personal information.
- Write it down offline—use pen and paper or save it encrypted on a USB drive.
- Never store it in cloud notes, emails, or screenshots.
This password decrypts your Keystore file when accessing funds later—losing it may lock you out permanently.
Step 4: Generate, Download, and Print Your Wallet
Once on MyEtherWallet:
- Click "Create a Wallet".
- Choose "Keystore File" option and set your password.
- Download the UTC or JSON file—this is your encrypted wallet.
- Save it on multiple USB drives and store them in separate secure locations.
Then:
- Click "Print Paper Wallet".
- Ensure your printer isn’t connected to the internet (air-gapped).
- Print only when needed—each print increases exposure risk.
- Store the printed copy in a tamper-evident envelope or safety deposit box.
Your paper wallet will display:
- Your public address (for receiving ETH)
- Your private key (keep hidden at all times)
- A QR code for easy scanning
Never leave the private key visible. Consider folding and sealing it with tape or storing it separately.
How to Use Your Ethereum Paper Wallet
Now that your wallet is created, here’s how to interact with it safely.
Sending Small Test Amounts First
Before depositing large sums:
- Send a small amount of ETH (e.g., 0.01 ETH) from an exchange like Coinbase or CEX.
- Go to MyEtherWallet → "View Wallet Info".
- Select "View via Address" and enter your public address (not private key!).
- Confirm the balance appears.
This verifies your wallet works without risking major funds.
Checking Your Balance
At any time:
- Visit MyEtherWallet.
- Navigate to "View Wallet Info" > "View via Address".
- Enter your public address.
- View real-time balance and transaction history.
No private key required—perfect for checking status securely.
Sending ETH from Your Paper Wallet
To spend funds:
- Plug in your USB with the Keystore file.
- On MyEtherWallet, go to "Access Wallet" > "Keystore File".
- Upload the JSON/UTC file and enter your password.
- Once unlocked, go to "Send Transaction".
- Enter recipient’s address, amount, and gas fee.
- Confirm and broadcast.
After sending, disconnect your device and re-store keys securely.
Frequently Asked Questions (FAQ)
Q: Is a paper wallet safer than a hardware wallet?
A: Both are cold storage options. Paper wallets are cheaper but more vulnerable to physical damage and human error. Hardware wallets offer better usability and built-in protections.
Q: Can I reuse my paper wallet after sending ETH?
A: Yes—but only if you retain full control of the private key or Keystore file. However, reusing increases exposure risk; consider moving remaining funds to a new wallet after use.
Q: What happens if my paper wallet gets damaged?
A: If you lose access to both the paper copy and digital backups (USB/Keystore), your funds are irrecoverable. Always maintain multiple secure backups.
Q: Can I create a paper wallet without internet?
A: Yes—by downloading the open-source MyEtherWallet GitHub repository and running it locally offline. This eliminates online threats during creation.
Q: Are paper wallets still recommended in 2025?
A: While still functional, they require strict discipline. Many users now prefer hardware wallets for ease and enhanced security, but paper wallets remain viable for budget-conscious holders.
Q: Should I laminate my paper wallet?
A: Laminating protects against wear and moisture—but ensure the private key is fully obscured before doing so. Avoid machines that might scan or store images.
Final Tips for Long-Term Security
- Regularly check your balance using only your public address.
- Keep software updated when accessing wallets online.
- Avoid using public computers or shared devices.
- Consider splitting large holdings across multiple wallets.
👉 Secure your crypto future with best-in-class tools and strategies now.
By following this guide, you’ve taken full ownership of your Ethereum security. A well-protected paper wallet offers peace of mind in an increasingly digital world—where control means everything. Whether you're saving for the long term or limiting impulsive dapp spending, offline storage puts you firmly in charge.