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SAFE Smart Contract Multi-Sig Storage ?? (Better than Hardware Wallet!??) Step-by-Step Setup Guide ?Many recommend putting only a small amount on a paper wallet, $1 or less. You could even create a wallet and put nothing on it � and still benefit. Contents. Yes, you can create paper wallets for several cryptocurrencies. A paper wallet is a form of cold storage where a cryptocurrency wallet's private. A cryptocurrency wallet is a secure place where individuals can store the private keys that prove their ownership of different crypto holdings. Some even allow.