WHAT IS PAPERVAULT?
Designed for investors who want to preserve their digital assets and store securely as a long-term investment. PaperVault is an app for securely and easily generating a cold storage wallet. Your cryptocurrencies private/public keys are printed on a piece of paper.
Exchanges and third-party wallets hold your private keys on your behalf. If something goes wrong with their servers, if they get hacked, or decide to shut down, your coins are gone forever. You should never leave your coins for more than a few days with any hosted or third-party service. Even keeping a live wallet on your phone or your own computer can be risky.
PaperVault is not an online wallet app, you cannot send from the app and we do not hold your keys for you. We cannot access accounts, recover keys, reset passwords, or reverse transactions.
For long-term storage of Bitcoin, Litecoin, Ethereum, Dash, Monero, Bitcoin Cash, Ripple, Stellar (or giving as gifts) use the PaperVault App. Once the funds are transferred to your paper wallet, your cryptocurrency and private keys are stored offline and protected against hackers and other threats.
PaperVault does not depend on online wallets or any other third parties. Your cryptocurrency is entirely within your control. The electronic keys that secure your cryptocurrency are stored entirely offline, making them virtually invulnerable to electronic theft.
PaperVault implements BIP44 to generate accounts and addresses, and BIP39 to generate the recovery mnemonic phrase*. The mnemonic phrase generated in your Paper Wallet is compatible with all wallets that implement BIP44/BIP39.