A paper wallet is one of the safest ways to store your fund. It is a piece of paper that contains your public address and private keys along with their QR code. The benefit of the paper wallet is that it stores your private key offline which means it is hack proof. Though paper wallets are secure, they are less convenient to use. We advise you to keep multiple copies of your paper wallet as paper wallets can be destroyed easily. When you create your paper wallet, make sure you turn off your wifi and use your printer offline.
Paper wallets are for longer term storage. If you want to spend your cryptos from a paper wallet, you should take out all your funds. That is because when you spend from a paper wallet you have to import your private key to a hot wallet. This means your private key will be exposed and the paper wallet will no longer be a cold wallet. Never keep any crypto in a wallet that you have exposed the private key. If you want to continue storing your funds on a paper wallet, make a new paper wallet and send the remaining funds to the new address. Paper wallet is also a nice way to give cryptos as a gift to your friends and family members.