Paperwallet
The paper-wallet, an easy way to onboard non-crypto people
Last updated
The paper-wallet, an easy way to onboard non-crypto people
Last updated
The Paper Wallet allows you to create a new Cardano Wallet for a certain use case in seconds. A great example to explain the use of the Paper Wallet is how we implemented it to the FIAT Payment option in NMKR Pay; The buyer decides to pay for his NFT with Credit Card. AS the user pays with this FIAT option, there is obviously no Cardano Wallet address given to receive the NFT. So, where does it go? This is where the Paper Wallet comes in place, it is automatically created and receives the NFT. The buyer downloads the Paper Wallet details to access this wallet during the payment process.
The Paper Wallet is a non-permanent solution to store your NFTs, please move them out as soon as possible to a self-custiodian Wallet.
The paper wallet can be easily created with just one single click on "Create Paper Wallet" on https://paper-wallet.nmkr.io/
You received the Paper Wallet as a present, or you bought an NFT via FIAT Payment and now ask yourself, what is going to happen next. As the Paper Wallet is meant as non-permanent solution, you should move the bought NFT out of the wallet to a self-custodian Wallet, that only you have access too.
Create your own Wallet with one of the Wallet-Softwares that are available for Cardano. Write down the seedphrase (also called "the keys"; the combination of 12 to 24 words).
Keep this key save, with this key, the wallet on the blockchain can be accessed by anybody that is in possession of that keys with every Cardano Wallet-Software.
Every Wallet-Software allows you to also import existing wallets, this will be done by entering the seed-phrase to the Wallet-Software. This is also how you want to add your Paper-Wallet to the Wallet-Software.
Switch now back to the self-custodian wallet that you created with NMKR and copy the receiver address there. Switch to the Paper-wallet again and send the NFT to your newly created self-custodial Wallet.
