How do I generate a Bitcoin address for my wallet? How to generate a new Bitcoin Address varies between wallets. However, even offline wallets can be breached, meaning that security in the Bitcoin world depends largely on following good practices. Most hardware wallets add some special kind of tape on the packaging to try to make any tampering more noticeable. Make sure that the online wallet provider has a reputation of upholding the highest possible security standards. Once the wallet is downloaded and installed, the first screen you will see is the release notes. The core innovation is that the hardware wallet must be connected to your computer, phone, or tablet before coins may be spent.