Mobick Paper Wallets: Are They Safe?

While the market is struggling, the easiest way not to get swayed by your emotions is to dig deeper into your investments. If the cornerstones turn out to be sturdy enough, there’s nothing to worry about. Let’s scrutinize one of the cornerstones of BTCMobick: paper wallets.

To self-custody your Bitcoin, you need an address that is accessible only to you. So, how do you get one? One of the most beautiful features of Bitcoin is that you can generate your own Bitcoin addresses. You don’t need to ask anyone for permission: no IDs, no KYC, nothing. By rolling a die 100 times and converting those rolls into a private key, you’ll have a securely generated key that you can use to create a Bitcoin address.

I can hear you sighing—it's a grueling process, I know, and you don’t want to go down that road. In that case, you can use BitAddress.org (https://www.bitaddress.org/bitaddress.org-v3.3.0-SHA256-dec17c07685e1870960903d8f58090475b25af946fe95a734f88408cef4aa194.html). With just a few clicks, you can create your own address. But is it safe to generate addresses online? Not entirely. Like everything else, nothing is perfect. However, I haven’t heard of anyone getting into trouble because of it, so I guess it’s fine.

Another simple option is to get a Mobick paper wallet. It can store Bitcoin and all its forks. Wait, a paper wallet? Isn’t it better to use a hardware wallet?

If you want to keep your crypto secure, there’s no problem with either method, as long as your private key isn’t compromised. But paper wallets offer additional benefits. They give a physical form to intangible crypto, allowing people to feel like they’re holding something tangible. Think about the last time you gave someone crypto—did you receive a genuine ‘thank you’ after sending it through MetaMask or BlueWallet? Probably not. Would things improve if you used a Ledger Nano or Trezor? Nope, it wouldn’t make much of a difference. However, when you give paper wallets, you can see people’s faces light up, like when they receive gift certificates or cash. Tell them it contains Bitcoin, and they’ll lock it away in their safe immediately.

Paper wallets are as intuitive as banknotes. No matter how much money is transferred online, cash remains in use. It’s ingrained in us.

Are Mobick paper wallets safe? People often shy away from paper wallets because they don’t trust their printers. Paper wallets can be vulnerable to replay attacks: a printer can be instructed to reprint items it has printed before. If the printer was used to generate unshielded keys, you could end up with a duplicate copy of the paper wallet. Cardano attempts to solve this problem with PGP encryption and YubiKeys. This is a more secure method, of course, but encrypting and authenticating every time you use a paper wallet can be quite a hassle. It’s overkill for most users. I’d rather use a Ledger Nano than Cardano paper wallets.

Mobick paper wallets, however, are safe from replay attacks. The wallets are printed without QR codes initially. The manufacturer stores newly generated QR codes on a flash drive right before printing, then destroys the drive immediately afterward. If you lose your private key, there’s no way to recover it. A protective shield is then added to the private key using a patented method. Only two people are involved in this process, and their identities are reported to local authorities if something goes wrong.

If you’re looking for 100% security, you won’t find it in paper wallets. For me, they seem safe enough. It’s about finding the right balance between security and convenience that suits your needs. Personally, I use paper wallets to store all my Mobick holdings. Grab a wallet, remove its protective shield, and scan its private key with your phone. Now you can finally escape the nightmare of losing your phone without backing up the private key of your mobile wallet.

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