Paper Wallets

Paper wallets are physical printouts of your cryptocurrency keys, consisting of a public key (for receiving funds) and a private key (for spending funds). They are created by using a paper wallet generator, which is best done offline to enhance security.

Pros:
- Very secure when created and stored correctly.
- Not vulnerable to online hacking.

Cons:
- Prone to physical damage or loss (fire, water, etc.).
- Not user-friendly for beginners.

Paper wallets are suitable for long-term storage, but they require careful safeguarding to ensure you don't lose your keys.