Crypto

Don’t Use This Website When Generating a Bitcoin Paper Wallet

There will never be  a shortage of Bitcoin wallet solutions. One of the safest options is to create a paper wallet, but not every online generator can be trusted either.

Using a paper wallet isn’t necessarily a long-term BTC storage solution.

Don’t Generate a Paper Wallet Online

While it can serve that purpose, it is a piece of paper, after all.

In terms of giving Bitcoin as a gift to friends, family, and loved ones, paper wallets can certainly be useful.

When creating such a wallet, it is often better not to rely on an online service.

A new security alert has been issued for Bitcoinpaperwallet, a platform providing this particular wallet generation service. 

Related Post

However, it seems as if the precious information associated with this process isn’t as tamper-proof as one might think.

Some major websites in this industry even refer to the platform as a go-to paper wallet generator option.

It is evident that, while that is not uncommon, these issues are not new either.

In fact, they were first reported nearly a full year ago.

Who no one bothered to remove all references to this platform from their website at the time, is a mystery.

No one should want others to lose money in any capacity. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Standard Chartered and Coinbase Deepen Institutional Crypto Partnership

Standard Chartered and Coinbase are pushing their institutional crypto relationship into a new phase. On…

6 minutes ago

OKX Breaks Silence on MANTRA Incident as Evidence Points to Coordinated Market Manipulation

OKX has issued a detailed public statement addressing the events surrounding the MANTRA (OM) market…

20 minutes ago

Ethereum Proposes ERC-8092 to Solve Onchain Identity Fragmentation

Ethereum is preparing a deep structural upgrade. Not to gas fees. Not to throughput. To…

1 day ago

Pyth Network Activates Token Buybacks as Real Revenue Crosses $1M ARR

Pyth Network is taking a decisive step toward sustainable value accrual. The oracle network announced…

2 days ago

Tether Makes €1B Play for Juventus , Exor Shuts the Door

Tether has made one of the boldest moves yet by a crypto-native company into legacy…

2 days ago

10 Trusted Cloud Mining Platforms to Earn Free Bitcoin Daily in 2026

  Cloud mining continues to gain massive traction as 2026 inches closer. In tough economic…

2 days ago