2. Bitcoin Wallet Offline
Bitcoin offline wallet is a good alternative for online wallet, this type wallet provides you full control on your bitcoins, according to this type wallet you need to install bitcoin software on your computer. Without bitcoin software, your computer cannot participate in bitcoin transaction.
Here offline wallet having some pros or cons, but if you want full control on your Bitcoins, then that ways is best for you.
Offline wallet pros:
1). Full control on your Bitcoin. Not involve any third party into your transaction.
2). You can access your bitcoin wallet on multiple computers at simultaneously by same Bitcoin address.
3). Can transfer your computer offline when you want, and again can online when you want to perform any transaction.
4). You can make complete wallet backup, can delete your wallet and when you need then again you can install.
5). No one can freeze your funds.
Offline Wallet Cons:
1). If you forget your wallet password or loosed your wallet backup, then you will loss your all Bitcoins.
2). Need high security to protect your computer from trojan, malware or any other type malicious thread.
3). You can’t perform your transaction at a time because before transaction you need to download all blockchain(<70GB) into your personal computer.
How to create Offline Bitcoin Wallet?
Here I am using bitcoin.org offline wallet software, you can download this software by https://bitcoin.org/en/choose-your-wallet given link, this software also available or any cross platform, like if you want to install this software into your mobile or Windows, Mac or Linux then you can select here.
But here we are trying to install bitcoin wallet on Windows computer; that’s why I am selecting “Desktop” and under this category many other wallets present, you can select any one which is suitable for you.
Here I am trying “Bitcoin Core” wallet, I also recommend this wallet to you. I think now you have a question, why I recommend this one because when you move your mouse on this wallet then one popup time windows will show on your display which telling us why this wallet is more secure as compared to other bitcoin wallets.
1). Download any best fit wallet; Here I am downloading Bitcoin core. You can direct download this wallet by download button.
2). Launch your wallet setup, and done all necessary steps which you need to perform into the installation. Bellow I am giving all screenshot which you need to do in the installation process.
3). I think now you have successfully installed offline Bitcoin wallet software, now the time for launching your software. Hit your wallet icon and run your wallet.
Note: You can’t perform your Bitcoin transaction right now, because first your need to install all blockchain into your computer, these days this process may take 2 or 3 days, it totally depends on your internet connection speed.
Note: These days blockchain size also big and increase day by day, Do you want to know current blockchain size then click on given link.
Check blockchain size: https://blockchain.info/charts/blocks-size
4). If all blockchain has been downloaded, now you are ready to perform a transaction, If you want to check your bitcoin wallet address then click on “Receive” button, after clicking on this button you can see new popup windows which having your wallet address like bellow given screenshot.
Here is my wallet address: 1JspBxu7BgHU8eziBqEyrCGMuGsysFMHCX