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. 

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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.

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