common-close-0
BYDFi
Trade wherever you are!

What are the steps to set up a paper wallet for ADA?

avatarMcKay WinklerDec 18, 2021 · 3 years ago1 answers

Can you provide a step-by-step guide on how to set up a paper wallet for ADA? I want to ensure the security of my ADA holdings and would like to explore the option of using a paper wallet.

What are the steps to set up a paper wallet for ADA?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure thing! Here's a step-by-step guide to set up a paper wallet for ADA: 1. Start by visiting the official Cardano website and download the Daedalus wallet. 2. Install the wallet on your computer and create a new wallet. 3. Choose the option to create a paper wallet and follow the instructions to generate a paper wallet address. 4. Once you have the address, print it out or write it down on a piece of paper. 5. Transfer your ADA to the paper wallet address from your exchange or another wallet. 6. Keep your paper wallet in a safe and secure place, away from potential risks. That's it! You now have a paper wallet for ADA. It's a secure way to store your cryptocurrency offline and protect it from online threats. I hope this guide helps! If you have any more questions, feel free to ask.