Author

Topic: DO NOT USE PAPER WALLETS! bitaddress.org phishing scam (Read 154 times)

sr. member
Activity: 1162
Merit: 450
I have noticed a few users suggesting to use paper wallet once someone from newbie ask about the wallet. But always I discourage to use paper wallet anyway. There was much reason why I discourage to use a paper wallet. And the most important reason already post by you. The phishing attempt is the main prevention of use paper wallets. Users would lose the funds at any time. Another is unaware of proper uses especially change address, saving seeds, encryption with passwords, and so on. Thanks for creating this thread. Hope others would get the correct reason why should avoid using a paper wallet.
You are recommending people to avoid using the most secure way of saving crypto? You have open source code, you can do everything by yourself. Why would you need to trust online website? The only thing is that you have to use the proper way and that's it. Your coin is safe. No other wallet can guarantee such security like Paper wallet.

I think coolcryptovator only wants newbies to avoid trusting paper wallet services from websites they aren't aware were only Phishing sites. Paper wallets are indeed the safest ones to store your credentials IF and only IF you would use pen and paper to store your public and private keys rather than using an online platform to create it for you. The only reason it should not be suggested is because people and newbies to be exact tends to search it on websites like google and use the websites shown in there without further searching on what is the most effective way. I've seen tons of users searched and used such phishing websites and it is really alarming hence making others discourage newbies to use it.
legendary
Activity: 2156
Merit: 2100
Marketing Campaign Manager |Telegram ID- @LT_Mouse
I have noticed a few users suggesting to use paper wallet once someone from newbie ask about the wallet. But always I discourage to use paper wallet anyway. There was much reason why I discourage to use a paper wallet. And the most important reason already post by you. The phishing attempt is the main prevention of use paper wallets. Users would lose the funds at any time. Another is unaware of proper uses especially change address, saving seeds, encryption with passwords, and so on. Thanks for creating this thread. Hope others would get the correct reason why should avoid using a paper wallet.
You are recommending people to avoid using the most secure way of saving crypto? You have open source code, you can do everything by yourself. Why would you need to trust online website? The only thing is that you have to use the proper way and that's it. Your coin is safe. No other wallet can guarantee such security like Paper wallet.
legendary
Activity: 2702
Merit: 4002
The phishing attempt is the main prevention of use paper wallets. Users would lose the funds at any time.
This is not the only problem, but you need to make sure that paper wallet code is perfect and has no bugs.
Many beginners think that once you generate your private key offline, this means that you are safe.
Also, the method of generating addresses, obtaining multiple addresses and saving private keys increases the risks that can be avoided by using any HD wallets.
legendary
Activity: 2394
Merit: 2223
Signature space for rent
I have noticed a few users suggesting to use paper wallet once someone from newbie ask about the wallet. But always I discourage to use paper wallet anyway. There was much reason why I discourage to use a paper wallet. And the most important reason already post by you. The phishing attempt is the main prevention of use paper wallets. Users would lose the funds at any time. Another is unaware of proper uses especially change address, saving seeds, encryption with passwords, and so on. Thanks for creating this thread. Hope others would get the correct reason why should avoid using a paper wallet.
legendary
Activity: 2702
Merit: 4002
Dont not use paper wallets unless you know why you want to use them. Other than that, download Electrum/any well-known open source wallet,  keep your wallet seed safe instead of the private key.
Many of scam phishing sites may appear first in the search option when you want to use paper wallet or bitaddress.
bitaddress.org have a long list of phishing scam sites

Quote
bitaddress(.)one

b8taddress(.)org

b9taddress(.)org

bbitaddress(.)org

bi5address(.)org

bi6address(.)org

biaddress(.)org

biatddress(.)org

biitaddress(.)org

biraddress(.)org

birtaddress(.)org

bitaaddress(.)org

bitacdress(.)org

bitadcress(.)org

bitadd4ess(.)org

bitadd5ess(.)org

bitadddess(.)org

bitadddress(.)org

bitaddeess(.)org

bitadderess(.)org

bitaddess(.)org

bitaddfess(.)org

bitaddiress(.)org

bitaddr3ss(.)org

bitaddr4ss(.)org

bitaddrdess(.)org

bitaddrdss(.)org

bitaddreas(.)org

bitaddreass(.)org

bitaddreds(.)org

bitaddrees(.)org

bitaddreess(.)org

bitaddrerss(.)org

bitaddresa(.)org

bitaddresd(.)org

bitaddresds(.)org

bitaddrese(.)org

bitaddresss(.)org

bitaddresx(.)org

bitaddrexs(.)org

bitaddrezs(.)org

bitaddrrss(.)org

bitaddrses(.)org

bitaddrsess(.)org

bitaddrss(.)org

bitaddrsss(.)org

bitaddrtess(.)org

bitaddrwss(.)org

bitaddsress(.)org

bitaddtess(.)org

bitaddtress(.)org

bitadedress(.)org

bitadidress(.)org

bitadrdess(.)org

bitadrdress(.)org

bitadrress(.)org

bitadsdress(.)org

bitadsress(.)org

bitadxress(.)org

bitaeddress(.)org

bitarddress(.)org

bitardress(.)org

bitasddress(.)org

bitasdress(.)org

bitaxdress(.)org

bitdadress(.)org

bitddress(.)org

bitraddress(.)org

bitsddress(.)org

bitwddress(.)org

bitzddress(.)org

biyaddress(.)org

bjtaddress(.)org

botaddress(.)org

btiaddress(.)org

butaddress(.)org

gitaddress(.)org

hitaddress(.)org

ibitaddress(.)org

ibtaddress(.)org

itaddress(.)org

nitaddress(.)org

vitaddress(.)org


read more ---> https://www.reddit.com/r/Bitcoin/comments/n8luv6/do_not_use_paper_wallets_bitaddressone_is_back/
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