Generate Password
Click the generate password button a few times to see this tool in action.
I recommend you use one of these as your trade transfer password. Generate, copy and save it to a safe place before using it.
If you want to be 100% sure that nobody could steal your password, create it manually.
Then hide it well... Say in an obscure book you are still meaning to read.
Cautionary Tales on Bad Password Management
Stefan Thomas is a German programmer and early Bitcoin developer who received 7,002 BTC in 2011 as payment for creating one of the first educational videos explaining Bitcoin. At the time, the coins were worth only a few thousand dollars, but as Bitcoin surged over the years, their value climbed to more than $600 million.
To secure the Bitcoin, Thomas stored the private keys on an IronKey USB drive, a highly secure encrypted device. The problem is that IronKey allows only 10 password attempts before permanently wiping its contents.
Thomas has already used eight attempts and can no longer remember the correct password. With only two guesses left, his situation has become one of the most well known cautionary tales in crypto history.
While some cybersecurity firms claim they can help break into the device, Thomas has been extremely cautious, knowing that one wrong move could erase the fortune forever. The story highlights one of Bitcoin’s core principles and biggest risks: full self custody. Without the private key, no bank, company, or government can help recover the funds, no matter how valuable they are, turning digital freedom into a brutal test of responsibility.
James Howells, a British IT engineer, accidentally threw away a hard drive containing 8,000 Bitcoin (now worth over $950 million as of August 2025) in 2013. The drive was discarded during an office cleanup and sent to a landfill in Newport, Wales. Despite a 12-year quest, he has been unable to secure permission to excavate.
As of early 2025, a UK judge struck down his attempt to sue the local council for access to the site. Following the court rejection, Howells is considering buying the entire landfill site to search for the drive. The coins value where worth roughly $6.5 million in 2013, now near $1 billion.
Despite numerous attempts to convince the Newport City Council to let him search, they have refused due to environmental concerns and the impossibility of finding the drive.