Hi everyone, this is my first tutorial and I hope you will find it useful! I keep reading stories about people getting their coins stolen using a web wallet or by leaving funds on exchange.
The safest way to store your coins (not only NEO) but all coins is to create a paper wallet. Hardware wallet (ledger & trezor) are safe but they don't support NEO yet.
A paper wallet consist of writing down your private key (WIF) on a paper and store it somewhere safe.
After some research I found 2 websites where you can generate a NEO paper wallet.
In this tutorial I use neopaperwallet.org but you can use one or the other to generate your private key.
Part I: Create a NEO paper wallet
As you can see on the screenshot below taken from https://neopaperwallet.org when you generate a new wallet you will get the public address and your private key (WIF).
- 1 - Your public key: This is the address where you can send your coins.
- 2 - Your private key (WIF): This is your private key and YOU NEED IT to access your funds! WRITE IT DOWN on a paper and store it safely.
You now have a paper wallet where you can store your coins! For security reasons, you should have at least 2 copies of your WIF key and store them at different locations.
I will create a more advanced tutorial in the next days to explain how to create the paper wallet using a ‘LiveCD’ Linux distribution, such as Ubuntu.
Part II: Restore from WIF key
In this example I am restoring form the WIF key and I am using the neo-gui. You can download it from the official website https://neo.org
Step 1: right-click on the white area and click on "Import from WIF..."
Step 2: input your WIF key and click "OK"
Step 3: Rebuild the index to view all your transactions.
Voilà! I hope this tutorial will help some of you to safely store your coins!
Very cool info. I just set up my NEO wallet and did a paper back-up so hopefully never have to restore it but this will help if needed :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Glad you like it :) I will hold for at least 1 year!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice one.
Good info for folk out there who are paranoid to store coins away from exchanges.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for the comment! Too much people leave coins on exchange and lose them! Paper wallet are easy & safe!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very Nice ...Even I was looking for paper wallet for Neo...Do you know from which wallet we can use to withdraw Neo fund?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
awesome! much appreciated
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @cryptotraining! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit