Could someone tell me the pros and cons of the feather wallet vs. the offline paper wallet, and what happens if I choose the offline paper wallet. How do they work exactly? I am an old lady newbie just trying to buy some wownero and need a place to store it off Trade Ogre. Thank you for playing.
Welcome to the forum!
Your wallet is really just a big number, the wallet software (like Feather Wallet, or
wownero-wallet-cli) uses this big number to produce signatures that can sign away your coins to someone else.
Big numbers are difficult for us puny humans to deal with, so we turn it into a series of words that we can easily write down on paper. This is your wallet’s seed phrase. Sometimes people encode that phrase into a QR code and print that out on paper, and call it a paper wallet.
Just having your big number on paper isn’t too useful, unless you can do crazy complicated maths involving dancing around elliptic curves in your head. We use wallet software like Feather to do that for us, but the downside is your computer could get hacked or compromised in some way that allows an attacker to steal your seed (and therefore steal your coins).
tl;dr: Always write down your seed words on paper so that if your computer dies, you still have access to your coins. If you’re actively spending your coins, have your wallet loaded into some software like Feather or
so, where do you keep your Wownero? In Feather or Cli with your seed phrase written down, as the Exodus wallet does?
Oh, and thank you for replying and welcoming me. Trying to get onboard with Wownero.
I use the cli, but Feather wallet might be easier to use if you are used to graphical wallets like Exodus.
Thank you asymptotically.